High hopes for Philippine oil well
Updated | Pulses are quickening at junior explorers Nido Petroleum and Kairiki Energy, which were due to start drilling their highly anticipated Gindara-1 exploration well in the Philippines last night.
Pulses are quickening at junior explorers Nido Petroleum and Kairiki Energy , which were due to start drilling their highly anticipated Gindara-1 exploration well in the Philippines last night.
Things have moved quickly on the well since Royal Dutch Shell added its considerable weight to the venture by sealing a farm-in venture to the deep-water SC54B licence in January, taking the bulk of the cost burden away from the juniors.
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