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Analyst Interview – Nido Petroleum

Analyst Interview – Nido Petroleum

Ian McLelland, Director, sector head Oil and Gas, discusses how Nido plans to grow its production and cash flow through Phase II development of the Galoc, which will increase production to c 12,000 barrels gross and reserves net to c 3.1m barrels in total. Ian also touches on additional development projects West Linapacan-A and SC54A, the expected decision on whether drilling will take place in the Galoc fields, the effect China may have on attracting partners and influence on investors sentiment. He concludes by discussing Nido’s ability to fund all plans on its own.

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