Nido Petroleum : AGM Presentation - 6 May 2016

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6 May 2016

ASX ANNOUNCEMENT AGM PRESENTATION - 6 MAY 2016

ABN 65 086 630 373

Nido Petroleum Limited (ASX: NDO) ("Nido" or the "Company") is pleased to provide the Managing Director's Report to be delivered today at the Company's Annual General Meeting scheduled to be held at 2pm (AWST).

For further information please contact:

Dr. Mike Fischer Managing Director Nido Petroleum Limited

[phone]

[e-mail]

Annual General Meeting 2016 Managing Director's Report

6 May 2016

Annual General Meeting 2016

Disclaimer

This presentation contains forward looking statements concerning the financial condition, results of operations and business of Nido Petroleum Limited. All statements other than statements of historical fact are, or may be deemed to be, forward looking statements. Forward looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause the actual results, performance or events to differ materially from those expressed or implied in these statements. Words such as "expect(s)", "feel(s)", "believe(s)", "will", "may", "anticipate(s)", and similar statements are intended to identify forward looking statements. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration results. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward looking information and statements. These risks and uncertainties include, but are not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, commercialization, development progress, operating results, reserve estimates, loss of market share, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries, approvals and cost estimates, political risks including the risk of expropriation and renegotiation of the terms of contracts with government entities, delays or advancements in the approval of projects and delays in the reimbursement of shared costs.

All references to dollars, cents or $ in this presentation are to US currency, unless otherwise stated.

2

Annual General Meeting 2016

Corporate Snap Shot

• 81% owned by BCP Energy International Pte Ltd, a wholly owned subsidiary of the Bangchak Petroleum Public Company Limited

• Strong core portfolio of production, development, appraisal & exploration opportunities

Market Data

Market Capitalisation ~A$10M

Share Price (as at 27 Apr '16) AU 23c Shares on Issue 43,765,712

Financial Data - YTD 31/03/2014

Revenue* US$57.27M

Cash at Bank as at 31 Mar '16 US$5.1M Debt as at 31 Mar '16 (US$78.2M)

Production & 2P Reserves (Nido Net Entitlement)

Current net bopd as at 31 Mar '16 ~3,112

Galoc (MMstb) at 31 December '15 4.14

Key Philippines Permits Nido Interest (%)

SC 14 Block A 22.49

SC 14 Block C-1 (Galoc) 55.88

SC 14 Block B 28.28

SC 54A 42.40

SC 14 Block C-2 (West Linapacan) 22.28

SC 58 50.00*

SC 54B 60.00

SC 63 20.00

Indonesian Permits Nido Interest (%)

Baronang PSC 10.00**

Gurita PSC 10.00

Cakalang PSC 10.00**

*Cash Receipts from oil sales in 2015

*Subject to Nido completing its obligation under the Farm-in Agreement with PNOC

3 ** Nido is in the process of withdrawing from this PSC.