OIL

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

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. Nido said excluding the losses, underlying...

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