why no samples given to potential buyers yet?

Seems strange that no oil samples have been given to the local refineries yet.Nido doesn't have any confirmed buyers in this case. Therefore no potential income. Bit slack of Nido not to have this organized yet.



JE/VS, GMANews.TV
Nido officials refused to say if the company will sell its to the country's two oil refiners, Petron Corp. and Pilipinas Shell Petroleum Corp.

"Marketing for the Tindalo crude oil is progressing, with the preliminary assay indicating a high-value product in comparison to its peers and potential buyers within the region are showing genuine interest," Joanne Williams, deputy-managing director of Nido, said.

Petron and Pilipinas Shell are still waiting for the Tindalo crude grade. Officials of the local refineries also want to know how the tests were made, and whether the refineries here will be able to process the oil.

"We will need to see the specs of the crude first," Petron president Eric Recto said, when asked it Petron will buy the Tindalo crude. JE/VS, GMANews.TV

This is a different oil. We haven't analyzed it and they haven't submitted samples. Of course we're always open [to using Tindalo oil], said Shell country chair Edgar Chua