Nido Petroleum Limited

Mongolian-focused coking coal explorer Aspire Mining Limited (ASX:AKM) (PINK:ASPXF) is pleased to announce the appointments of Mr Andrew Edwards and Mr Mark Read as Non- Executive Directors of the Company, effective 1 July, 2011.

Asian Activities Report for May 16, 2011 includes: Ausgold Limited (ASX:AUC) has confirmed the prospectivity of Katanning Gold Discovery in Western Australia; Erongo Energy Limited (ASX:ERN) has confirmed the prospectivity of a main target area within the Maniema Gold and Tin Project in Congo; Nido Petroleum Limited (ASX:NDO) is to drill the Gindara-1 well in the Philippines; Sultan Corporation Limited (ASX:SSC) has commenced a Bankable Feasibility Study on the MB zinc/lead Project in Montenegro.

Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF) is pleased to announce SC 54A Tindalo Operations Update.

Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF) has been advised by Nido Petroleum Limited (ASX:NDO) of the update on the Extended Well Testing (EWT) at Tindalo.

Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF) has been advised by Nido Petroleum Limited (ASX:NDO), the Operator of SC54A, of the following production information relating to the Tindalo-1 Extended Well Test (EWT) for the period through to 14th June 2010.

The Australian shares opened higher despite Wall Street overnight hit its lowest close in seven months. Both S&P/ASX200 index and All Ordinaries index rose more than 0.5 per cent in early trade, after European finance ministers have agreed a 440 billion euro safety net for debt-laden countries in the eurozone.

Kairiki Energy Limited (ASX:KIK) has been advised by Nido Petroleum Limited (ASX:NDO), the Operator of SC54A, that an extensive drill-stem testing programme (DST) has now been completed on the Tindalo-1 well with a maximum oil flow rate measured of 18,689 bbls/d, surpassing Kairiki's pre-test flow rate expectations.

Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF) is pleased to announce that Nido Petroleum Limited (ASX: NDO), as Operator of Service Contract 54A (SC 54A), advise that first oil flowed to surface at 11:00am (Manila time) on 30 May 2010 from the Tindalo-1 well.

Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF) is pleased to announce that its wholly-owned subsidiary Yilgarn Petroleum Philippines Pty Ltd has entered into an agreement with TG World (BVI) Corp. [a subsidiary of TG World Energy Corporation (CVE:TGE) (PINK:TGWEF)] to farm-out 4.9% of its current 35% interest in Service Contract 54 Block A (SC 54A), offshore, Northwest Palawan Basin, Philippines.

Kairiki Energy Limited (ASX:KIK)(PINK:KAIRF) has achieved a significant milestone in the development of the Tindalo project after its wholly-owned subsidiary Yilgarn Petroleum Philippines Pty Ltd entered into an agreement with Trafigura Ventures III BV (Trafigura) to farm-out 5% of its current 40% interest in the highly prospective Service Contract 54 Block A (SC 54A).