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
[mappress] Press Release, March 4, 2013