Production from Galoc Phase II to Start Next Week (Philippines)

Nido Petroleum Limited has informed the Galoc Phase II operations offshore the Philippines are progressing well.

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 begin searly 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