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OIL

Nido, Kairiki in halt over SC 54

NIDO Petroleum and Kairiki Energy have both entered into trading halts pending an announcement on their SC 54 permit in the offshore Northwest Palawan Basin, Philippines.

While the partners did not specify the reasons for the halt, it is believed they could be finalising their development plans for the Tindalo oil field. Operator Nido had said in development plans filed...

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