NDO 0.00% 9.8¢ nido petroleum limited

new team - and placement at premium

  1. 734 Posts.
    NDO has just announced a bolstering of their team:

    New Managing Director: Mr David Whitby (ex MD Gulf Aust [operating Jabiru & Challis], VP Gulf Indonesia, VP Husky, Project Director West Java Gas, ConocoPhillips) etc].

    2 new non-exec directors:

    Mr Gregor Dixon (associated with Unocal - he must think Galoc has potential, even though Unocal itself didn't farm in because it was a bit small for them) and

    Mr James Brown (energy consultant, formerly VP Merrill Lynch and head of ML's energy research group).

    Also a placement to raise $500,000 (at a 1.6c/share - a premium to recent share price). Whitby and Dixon will be participating in the placement.

    All suggests that Nido is about to get serious.

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