Mobilisation of “UMW Naga 5”
Nido Petroleum Limited (ASX:
NDO) (“Nido ” or the “Company”)
on behalf of the Service Contract 63 (“SC 63”) Joint Venture partners Nido Petroleum Philippines Pty Ltd,
PNOC
Exploration Corporation (“PNOC - EC”) and Dragon Oil Plc (“Dragon Oil”),is pleased to advise that the “UMW Naga 5” jack -up rig commenced mobilization from Singapore to the Baragatan location in SC63, offshore, the Republic of the Philippines on Friday 2May 2014 at 6.15 pm AEST.
Nido will update the market once the rig arrives on location at SC 63 which is anticipated to take ten to twelve day
that would be MAY 12 to 14 for a Spud into SC63
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