Tindalo and Gindara bite Nido

PHILIPPINES-focused Nido Petroleum has recorded a $6.1 million loss for the half year to June 30, 2011 despite oil sales of $35.9 million.

Tindalo and Gindara bite Nido Tindalo and Gindara bite Nido Tindalo and Gindara bite Nido Tindalo and Gindara bite Nido Tindalo and Gindara bite Nido

Nido put the loss down to $9.5 million worth of non-recurring operational losses associated with the abandoned Tindalo field and Gindara-1 exploration well.

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