DRILLING

Nido aiming for more

NIDO Petroleum has returned to profit in the first half of the 2010 financial year and is hopeful the upcoming five-well program will unlock the value of its offshore Philippines assets.

Nido aiming for more

Net profit before tax from the six months to June 30, 2010, was $24.6 million, a turnaround on the $18.4 million loss recorded in the corresponding period last year. Nido said the result reflected a...

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