Nido Petroleum

WEST Perth-based Nido Petroleum Limited – formerly known as SOCDET – has picked up a 40 per cent option in the Zhongyuanrehabilitation project in Central China which could result in an oil cash flow by mid-2000.

PERTH-based junior Nido Petroleum Limited has brought its third oil well into production on the Zhongyuan redevelopment project in China.

JUNIOR oil producer Nido Petrol-eum NL has reported increased crude production with an on-going cash contribution of about $300,000 to $400,000 per annum from its SC 14/SC 6B prospects in the offshore Palawan Basin, Philippines.Nido’s SC 14 interest...

8-Aug-03 - Nido Petroleum

19-Jan-04 Response to ASX query lodged.

Nido Petroleum Ltd27-Nov-08

Nido Petroleum Ltd 22-Jul-05 WF Asian Smaller Companies Fund Ltd changed its relevant interest from 33,000,000 ordinary shares (7.619%) to 38 000.000 ordinary shares (6.09%)

Nido Petroleum Ltd30-Jun-05 P & C Asset Management PLC became a substantial shareholder with a relevant interest of 31,250,000 ordinary shares (5.85%)

Nido Petroleum Ltd 18-Jul-05 P & C Asset Management PLC ceased to be a substantial shareholder.

Nido Petroleum Ltd 09-Sep-05 Yandal Investments Pty Ltd became a substantial shareholder with a relevant interest of 36,500,000 ordinary shares (5.76%).

Perth-based Nido Petroleum Ltd has signed an agreement with Grove Energy Ltd and Virgo Energy Ltd to merge their UK North Sea oil and gas assets.

Western Australian oil and gas producer Nido Petroleum Ltd has received approval from the Philippines Department of Energy for its development plan for the Galoc oilfield's project.

Como-based Nido Petroleum Ltd has raised $11 million through a share placement to a Chinese investor, with funds to be used on the company's exploration drilling campaign for Service Contract 54 in the Philippines' Palawan Basin.

A board restructure by Como-based Nido Petroleum Ltd has seen managing director David Whitby promoted to the position of company chairman, replacing Gregor Dixon.

Como based Nido Petroleum Ltd has raised over $41.2 million through a share placement, with funds to be used to expand its current drilling programs and raise working capital.

Nido Petroleum has delivered its first cargo of almost 300,000 barrels of Galoc crude oil to the Petron refinery at Limay, Philippines.

The former president of BHP Billiton's Australia Asia gas division, William Bloking, has been appointed as chairman of Como-based Nido Petroleum, taking over from David Whitby.

Joint venture partners Nido Petroleum and Kairiki Energy have sold a combined 15 per cent interest in the Tindalo oil project in the Philippines to international commodities trader, Trafigura, for $12.7 million.

Nido Petroleum has secured a $US30 million project finance facility to fund the second phase of development at its Galoc oil field, off the coast of the Philippines.

LOOKING at the remuneration packages negotiated by newly appointed chief executives in Perth, there is a common pattern -5 size equals money.

BCP Energy International has announced it will acquire over 400 million shares in oil and gas explorer Nido Petroleum from Abu Dhabi’s Petroleum International Investment Corporation (Ipic).

Shares in Ausdrill and Nido Petroleum have entered a trading halt and suspension respectively; with Ausdrill stating it will announce an impairment charge.

Nido Petroleum directors have unanimously recommended off market takeover bid by BCP Energy International, subsidiary of Thai oil refinery Bangchak, for 5.5 cents per share.

BCP Energy International has altered its conditions in its takeover of Nido Petroleum, making the offer nearly unconditional upon 50.1 per cent acceptance.

BCP Energy International has successfully reached its revised target of 50.1 per cent relevant interest in its takeover of Nido Petroleum, and has made the offer unconditional.

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Nido Petroleum has appointed Vichien Usanachote and Chaiwat Kovavisarach as non-executive directors, following the resignation of Eduardo Manalac and Michael Ollis from the board.

Nido Petroleum has launched a $US108 million ($130 million) bid for Otto Energy’s share of the Galoc oil field, coming in ahead of a recent proposal by Risco Energy International.

Perth-based oil and gas company Tap Oil has launched a strategic review process that includes the possible sale of the business, after one of its substantial shareholders proposed a board shake-up.

Phil Byrne has resigned as managing director of Nido Petroleum, after presiding over two transactions that transformed the Philippines-focused oil producer.

Board movements

International oil executive Michael Fischer has been named Nido Petroleum’s new managing director.

Nido Petroleum Limited has appointed Krairit Nilkuha as a non-executive director of the company. Mr. Nilkuha has more than 30 years of experience in the oil and gas industry across the private sector and Government, both as a senior executive and as a non-executive director.

Philippines-focused oil and gas play Nido Petroleum has launched a $31.9 million capital raising to fund drilling work at its Galoc project.

Oil and gas producer Santos has recruited former Nido Petroleum and BHP Petroleum executive Philip Byrne, who will take over from retiring executive vice-president John Anderson.