nido's announcement

hi guys

firstly let me say this.

when your making a major announcement on the stock exchange you only get one chance in hitting the bullseye.

im my opinion David missed the target by a country mile.

yesterdays announcement was poorly worded, lacked details and clarity.

not something you'd normally find with David Whitby, he usually he goes out of his way with details.

whilst it's good that Galoc seems as though it's moving forward

i wouldn't be one bit surprised to see the share price being belted today because of the above.

the structure now seems this way:

Nido Petroleum..

Team oil

Cape Energy

company X, new major player in the game, which will become clearer with time.

who is company X..???? i haven't got a clue, time will tell. plus plenty of speculation on here.

also i've read some comments about 25,000bopd..

thats bullpoo...

yes perhaps in 24 months or so..

David recently made a change from a two well set up to a one well set up.

now how can you expect 25,000bopd..????

6,000bopd with one well commecement yes, not 25,000bopd..

despite a crappy worded, no details, lacking clarity announcement. i still think Nido is an excellent longterm share.

regards