PERTH, Australia, February 14 /PRNewswire/ --

Nido Petroleum is pleased to announce its restructured Board that comprises one of the most experienced, skilled and successful group of executives in the Australian oil and gas industry today.

Stepping down from the role of Managing Director and into the position of Chairman, Dave Whitby can be proud of his achievements as the architect behind Nido's success. Since joining the Company in September 2004, he has established Nido as a company of substance. Nido has inarguably become one of the most significant oil and gas companies in the Philippines under his leadership.

It is not every day that a company has the opportunity to assemble the very best but this is exactly the position Nido now has found itself in. The Nido success story has fascinated industry professionals and the Company can now announce what can only be described as a world class, internationally focused and experienced oil and gas Board.

Replacing Mr. Whitby is Jocot De Dios, promoted from President and Country Head of Nido Petroleum in Manila, Philippines to President and Chief Executive Officer of Nido Petroleum. He will remain concurrent President and Country Head of Nido Petroleum in Manila. Jocot brings with him exemplary qualifications and a wealth of experience in the energy sector. As the former Undersecretary (Deputy Minister) of the Philippine Department of Energy and Chairman of the Board of the Philippine National Oil Company Exploration Corporation, his knowledge of the Philippines oil and gas industry is peerless. Jocot will be relocating to Perth with his partner Mariann and their four children.

Another new face on the Board is William Bloking, the former President, Australia/Asia Gas, for BHP Billiton Petroleum. Bill is a leading energy expert with more than 33 years of experience. He has held senior executive positions in Australia, Asia, South America, and the USA. Nido will benefit from his international knowhow to contribute to building the Company's long term future.

Vince Perez, a former Energy Minister of the Philippines and James Brown, a former First Vice President and Head of Merrill Lynch Energy Research Group round out the members of this Board who will be responsible for driving the strategic plan of Nido and writing future chapters of the company's history.

Mr. Whitby and Mr. De Dios will continue to be supported by Nido's Leadership Team:

-- Joanne Williams, Deputy Managing Director -- Jon Pattillo, Head of Exploration -- Andrew Francis, Head of Commercial -- Ashley Gilbert, Chief Financial Officer

Gregor Dixon, the outgoing Chairman of Nido said "I am extremely proud to have been a part of the amazing growth of Nido and I am confident that as I retire back to the UK, I am leaving Nido in the best hands to assume the continued success of this dynamic company."

"It is my honor and privilege to assume the senior leadership role in Nido and to work with an extraordinary team of Board Members," said David Whitby, Chairman of Nido Petroleum. "We all wish to thank our outgoing Chairman, Gregor Dixon, for his outstanding contribution to the Company."

With this depth of talent and experience directing the future of Nido, the outlook is more than just bright, it is truly luminous.

For more detailed board information please visit www.nido.com.au for the latest ASX announcement.

For more information: Sascha Stone PR Advisor Nido Petroleum PH: +618-9473-0546 MBL: +61-417-174-072 E: pmswa@ozemail.com.au

Web site: http://www.nido.com.au

Sascha Stone, PR Advisor of Nido Petroleum, +618-9473-0546, or mobile, +61-417-174-072, pmswa@ozemail.com.au