Hakuryu 11 rig on-tow to the Balqis-1 well location, Baronang PSC, Indonesia
Nido Petroleum Limited (ASX: NDO) (“Nido” or the “Company”) has been advised by Operator
Lundin Petroleum that the Hakuryu-11 jack-up rig has commenced the tow to the Balqis-1 location in
the Baronang Production Sharing Contract (‘PSC’), Republic of Indonesia.
The Balqis-1 well will be followed by the Boni-1 well which will be drilled as an exploratory side-track
well from the same surface location as Balqis-1 (refer Location Map).
Nido will provide a further update to the market on the commencement of drilling operations at the
Balqis-1 well.
hakuryu-11 jack-up rig has commenced the tow t
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