copied for NDO s/holders.PART 1Regarding the 320m closure height...

copied for NDO s/holders.

PART 1
Regarding the 320m closure height in the Nido Limestone reservoir at Gindara Prospect, this is measured from the top (apex) to the base ( or spill-point) of the structure as mapped on our 3D Seismic data. If the structure( or closure ) is filled with oil, then we would have a gross 320m vertical oil column in the Nido Limestone reservoir.

PART 2

The Nido reservoir at Gindara is part of the same geological formation as that being produced at Tindalo, also Shells giant Malampaya field only ~40km to the NE of Gindara.

The information from Tindalo/Malampaya and other fields which also produce from the Nido reservoir indicates it generally has good reservoir characteristics. This bodes well for Gindara.

with the above information you'd hope a "supermajor" will take a good look at it and become a farmin partner. i'd put BHP, Exxon Mobile & perhaps Shell as they have stong presence in the Philippines.

you have P50 581MMBLS & Mean 634MMBLS & very long odds 1 plus Billion Barrels.

lastly if Nido could hold onto 30% interest..that would be nice, talking value above $1 billion dollars for Nido.