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Nido losses build

PHILLIPINES-focused oiler Nido Petroleum has posted another loss for the first quarter of 2016, a...

Haydn Black

The company posted a loss of $12 million, despite generating $13 million from the sale of two cargoes from its 55.88% interests in the Galoc field, plus around $898,000 for hedge puts and $379,000 representing...

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