Nido building up in the Philippines

NIDO Petroleum is steadily stamping its mark offshore Philippines where the most recent award of service contract 63 in the northwest sector of the Palawan Basin has greatly increased the companys already large acreage position and exploration commitment. By RICK WILKINSON

11 December 2006
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The award means the Perth-based junior’s net holdings in the region have grown 66-fold since 2004.

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