Nido, Viking Cease Talks for SC54 A Farm-In (Philippines)

Nido Petroleum Limited has ceased negotiations with Viking Energy Holdings 2 Limited (Viking) in relation to a potential farm-in in respect of Service Contract 54A, offshore Philippines.

Nido and the SC 54A Joint Venture Participants are continuing to work with the SC 14A Joint Venture in relation to a possible development of the Nido 1X1 oil field via the Nido A platform.

Nido will update the market if anything material should eventuate.

Related:

Nido, Viking Ink MoA to Develop Three Oil Fields Offshore Philippines

Press Release, March 4, 2013

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