hope they feel more hurt after recent developments.
GOBI-1 DRILLING RESULTS, GURITA PSC
Nido Petroleum Limited (ASX: NDO) (“Nido” or the “Company”) wishes to advise that the Gobi-1 well in the Gurita Production Sharing Contract (“PSC”), Republic of Indonesia has been drilled to a Total Depth (TD) of 2,404 metres Measured Depth (2,373 metres TVD subsea).
The well was drilled through the Miocene to Oligocene primary and secondary reservoir
objectives and reached basement as planned. Gobi-1 encountered well developed sandstone reservoirs, but no hydrocarbon shows were encountered and the well is being plugged and abandoned as a dry hole.
For further information please contact:
NDO Price at posting:
4.6¢ Sentiment: None Disclosure: Not Held
