Sep 30th 2013 - Edison Investment Research today published a report on Nido Petroleum entitled "Much More To Offer Than Just Galoc". In summary, the report says:
The next 12 months are shaping up to be extremely active for Nido. First oil in Q413 from Galoc Phase II should more than double the company’s net production, while FID at West Linapacan A moves closer following a recent reserves certification. An Indonesian farm-in deal with Lundin should see the company drill three targets in late 2013/early 2014 that will complement the blue-sky potential of the SC 63 Baragatan prospect. With Nido trading in line with our core NAV of 4.4c investors are giving no credit for exploration (our RENAV is 6.6c) despite all the near-term activity.
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