Read the ann again guys.
Nidos Interest at present in the fields;
Service Contract 54 60%
Service Contract 58 50%
Service Contract 63 50%
"Nido is seeking a strategic partner to participate in delineating an impressive exploration portfolio that offers the following characteristic"
"Recovery rates are expected to be in the 25-35% range for oil reservoirs."
"Nido is offering a SIGNIFICANT WORKING INTEREST position in, and where possible, operatorship of, SC-54, SC-58 and SC- 63. The shelfal area of SC-54 (where water depths are less than 120m), is specifically excluded from the asset package."
and last but not least
"Nido intends to retain a MINORITY WORKING INTEREST in the basin in order to participate in the forward exploration
programme and the success that we believe will result from the upcoming drilling program"
A clear example of never to listen to hype and read things thoroughly.
Read the ann again guys. Nidos Interest at present in the...
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