might help meercat Under the terms of the farm-in proposal the Galoc development will now be fast tracked with Nido retaining its 22.279% direct interest. The Galoc development work will be carried out under the direction of a Steering Committee comprised of representatives from Galoc Production Company (comprising Vitol, Cape Energy and Team Oil) and Nido. Oil production from the field is expected to commence between late-2006 and early-2007.
increasing bid, page-8
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