this is part of a report available."AUS$ 0.56 to AUS$ 1.27...

this is part of a report available.

"AUS$ 0.56 to AUS$ 1.27 bracket"

Nido Petroleum Ltd. is an Australian oil and gas exploration and production company with a functioning producing arm centered around Nido’s participation in the Galoc Oil Field, which entered production in early October 2008 and has produced over 1MMstb to date. Nido has bright exploration and development indicators for its other service contracts 54, 58 and 63. Revenue is expected to climb over 2009 and remain growing into 2013 as Yakal and Tindalo deposits in Service Contract 54, and eventually another structure of SC54 or another service contract are expected to cycle into revenue generation. Given due diligence and valuation estimations, Arrowhead believes the share price is strongly undervalued and should align in the AUS$ 0.56 to AUS$ 1.27 bracket . Positive 2008 results announced in March 2009 as well as consistent production at Galoc through 2009 should promote Nido’s share price. The price of oil as well as general macro financial factors such as the uncertainty on cuts in Australian interest rates could affect the share price adversely or favorably

https://commerce.us.reuters.com/purchase/showReportDetail.do?docid=45031260