nido petroleum keeping mum on raisama takeover, page-20

MM2,

I'm not a bit interested in NDO joining with RAI under any circumstance, no matter how ridiculous..."..or will he pull one just to pull one.."...now that is ridiculous!

NDO have enough on their plate with their own limestone pinnacle reefs to drill without looking to buy or merge with another co., just to get their hands on another one for more cash flow...Cadlao is in the same chain as Matinloc, Nido, Yakal, Tindalo, etc, etc.

Look at the OIP estimates for Laawan, look at the Cadlao independent assessment, look at what it might cost in $ terms to take RAI, then look how much it would cost to drill Laawan with a JU (NDO 42.4% stake),...now tell me what you think the more prudent move for shareholders might be.

I sincerely hope this is the additional well Byrne has got his sights set on for 2012.