Nido's elevation in the Philippines

NIDO Petroleum has received a reserves boost for the West Linapacan A field in the Philippines, booking 1.94 million barrels of oil on a proven basis.

It told the market this morning that a reserves assessment from Gaffney, Cline and Associates had predicted 1P reserves of the field at 9.6MMbbl, meaning Nido could book 1.

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