Kairiki Energy Limited (ASX:KIK) Yakal-1 Oil Progress Report

  Perth, Australia, Oct 2, 2008 - (ABN Newswire) - Kairiki Energy Limited (ASX:KIK) advises the ASX release issued by the operator of Service Contract 54 ( & quot;SC 54 & quot;), Nido Petroleum Limited.Nido Petroleum Ltd and its Joint Venture partner, Kairiki Energy Ltd (Kairiki) are pleased to provide this progress report on the Yakal-1 discovery in SC54, located in the NW Palawan Basin, offshore the Philippines.  

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