Nido Petroleum Limited on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (SC 63 Philippines) Limited advise that the Baragatan-1A well as at 2 July 2014 was currently at 2,457 meters Measured Depth (2,152.9 meters TVD sub-sea).

Since the last update on 23 June 2014, continuing formation pressure and unstable well bore conditions in the 8 ½' hole section required the setting of the 7' liner at 2,356 meters Measured Depth (2,109 meters TVD sub-sea). Following the successful setting of the 7' liner, stable hole conditions were established although drilling performance has been reduced in the 6' hole section.

Tags: Nido Petroleum Limited