Nido Petroleum Limited (NDO)



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General Information
Company Name: Nido Petroleum Limited
Stock Code: NDO
Website: www.nido.com.au
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 96
Equiv. Shares (M): 2,188

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.041 $ 0.042 $ 0.042 $ 0.041 $ 0.044 335,000 $ -0.003  -6.818 %

Company Overview

Business Description:
Nido Petroleum Limited (NDO) is an oil and gas exploration and production company holding a portfolio of producing assets and exploration prospects in the offshore North West Palawan Basin in the Philippines and the Penyu and West Natuna Basins in Indonesia.

Strategy Analysis:
NDO's focus for 2010 is: Deliver the Tindalo oil field development to production with first oil and second revenue stream by the first half of 2010; Pursue possible strategic farmout transactions for the Company's deepwater acreage assets in the Palawan Basin, Philippines; Embark upon a drilling program involving the leading prospects in NDO's inventory; Maximise revenues from the Galoc oil field; Continue to manage cash prudently, ensuring responsible levels of general and administrative expenses; Enhance corporate social responsibility programs in Palawan, Philippines and Perth, Australia. . Nido Petroleum reported positive cash flow of $4.07m for quarter ended 30 September 2011. Operating cash flow for the period was $4.13m. Payments for exploration and evaluation were $(3.63m). Investing cash flow was $(54,000). Financing cash flow was nil. Cash in hand at the end of the quarter was $15.53m.


Financial Summary
Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A 20.0 1.0 66.7 3.2 0.0 0.0 --
2012  A 8.4 0.6 114.3 6.6 0.0 0.0 --
2011  A 3.8 0.3 -- 28.4 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
Beach Energy (BPT) $1,661 M 0.8455 -0.2923 -0.0648 6.4516 9.1168 9.7487 3.13 3.13 6.77
Nido Petroleum (NDO) $88 M 0.6666 -- -- 4.0000 -- -- 0.00 -- --
Oil Search (OSH) $13,095 M 0.5489 1.5187 0.4019 50.2924 19.9675 14.2431 0.52 0.96 3.04
Santos (STO) $12,573 M 0.1518 0.2011 0.4644 24.6771 20.5457 14.0305 2.34 3.13 4.14
Woodside Petroleum (WPL) $32,693 M -0.0512 0.4517 -0.1568 17.1686 11.8268 14.0257 7.01 6.71 5.70

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
NDO -- 4.40 0.89 -- 2.15
Market 0.90 15.3 1.24 1.72 1.50
Sector 1.13 12.3 0.85 0.67 4.49

Directors
Name Position Start Date
Mr Philip A Byrne Chief Executive Officer,Managing Director 01 June 2012
Mr Hugh Andrew Jon Edwards Non-Executive Director 11 December 2009
Mr Chaiwat Kovavisarach Non-Executive Director 01 October 2014
Mr Vichien Usanachote Non-Executive Director 01 October 2014
Mr William (Bill) Frederick Bloking Non-Executive Director,Non-Executive Chairman 06 February 2008

Management
Name Position
Ashley Gilbert Chief Financial Officer
John Newman Company Secretary
J Pattillo Head of Exploration

Substantial Shareholders
Holding Name
406,951,875 (19.85%) Petroleum International Investment Corporation

Calendar of Events
Date Event
16 October 2015 Report (Quarterly)
20 July 2015 Report (Quarterly)
23 April 2015 Report (Quarterly)
16 April 2015 Report (Annual)
15 January 2015 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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