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Nido Petroleum to update on Galoc Joint Venture

Published: 22:30 18 Oct 2016 BST

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Nido Petroleum's project is located offshore Philippines

The company is pending a decision by the Galoc Joint Venture in relation to the Galoc oil field.

Nido is Operator of the Galoc Joint Venture and has a 55.88% working interest in the Galoc Field, located offshore Philippines.

Nido will also provide details on a capital raising by the company.

The halt will remain in place until the opening of trade on Friday 21st October 2016, or earlier if an announcement is made to the market.

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