Philippines: Subsea Installation Activities of Galoc Phase II Near Completion

Nido Petroleum Limited (“Nido” or the “Company”) advises that Phase II operations are progressing well and that subsea installation activities to connect the Galoc 5-H and Galoc 6-H wells into the FPSO Rubicon Intrepid are nearing completion.

The Operator, Galoc Production Company WLL, expects that production from the Phase II wells will commence early next week and the Operator will provide a more detailed update on the Phase II project at that time.

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Press Release, November 29, 2013