NEWS ANNOUNCEMENT
RECORD POINT

Record Point is an independent corporate advisory firm specialising in domestic and international advisory services for public and private companies.

RECORD POINT ASSISTS BANGCHAK WITH THE COMPULSORY ACQUISITION OF NIDO PETROLEUM’S MINORITY SHAREHOLDINGS
2017

In June 2017 Bangchak Corporation Public Company Limited (SET:BCP, “Bangchak”) completed the compulsory acquisition of the shares in Nido Petroleum Limited (“Nido”) not already held by Bangchak, following the public takeover of Nido conducted in 2014.

Nido was formerly an ASX listed oil and gas production and exploration company with operations primarily in the Philippines. Nido’s main producing field is Galoc, located 60km north west of Palawan.

Record Point acted as exclusive financial advisor to Bangchak.