Greg Nichols is a pastor of Grace Immanuel Reformed Baptist Church, Grand Rapids, Michigan. More biographical information is available here (click). He has lectured on The Canons of the Synod of Dort. Nichols holds to a strictly limited (or an Owenic limited imputation) view of the atonement, and also doesn't seem to be well-studied in the diversity of views that were present at the Synod (which is why I do not recommend this lecture series), but he does strongly hold to the well-meant gospel offer. In lecture #10, he spoke on the atonement's necessity, nature, sufficiency, and the obligation for the indiscriminate publication of the gospel. He is expounding this section of the Dortian consensus:
Second Head: Article 5.
Moreover, the promise of the gospel is that whosoever believes in Christ crucified shall not perish, but have eternal life. This promise, together with the command to repent and believe, ought to be declared and published to all nations, and to all persons promiscuously and without distinction, to whom God out of His good pleasure sends the gospel.
From minute 45:54 to 47:30, Nichols says the following, at times speaking rhetorically or sarcastically, as if he were a hyper-Calvinist:
I wanted to call this [the Dortian statement] 'the free offer,' but I can just imagine some of my hyper-Calvinist friends pointing out to me that it no where says that it was 'well-meant' or 'well-intentioned,' only that it 'ought to be declared. [It] no where says why. [It] no where says that God wants them to repent and believe. [It] no where says that God has good-will for the reprobate. It doesn't say that.' I can just hear them [hyper-Calvinists]. So, in deference to those voices of hyper-Calvinists pounding in my head, I have kept myself from putting my 'spin' on it [Nichols uses the exact language of Dort], and referring to it as 'the free offer of the gospel.' It doesn't say why it was intentioned, only that 'it ought to be,' only that it should be, not because we care about people, only because God tells us to.' [sarcasm] [audience chuckles] That's all it says, right? [It] doesn't say we ought to do it because we love people; [it] doesn't say we ought to do it because we love God; [it] doesn't say because we care about people [sarcasm]. No, no, no, [it] doesn't say that; all it says is that it 'ought to be', so we ought to do it because it is our duty to do it, not because we care about people and love people [sarcasm], is that clear?
[An audience member says, 'So it [the hyper-Calvinist reading] is like a pretty heavy spin.']
Well, that's a spin too, isn't it? I agree. You've got to really go out of your way to put that 'spin' on it, but there are some who do and some who will. So, let's just be honest with what it says. All it [the exact Dortian statement] says is that 'it ought to be published and declared,' not out of good-will, which to me [that hyper-Calvinist 'spin'] is preposterous!
The point is this: not only does this Reformed Baptist elder strongly believe that the gospel offer is free, well-meant and well-intentioned, since God has good-will for all men (including the non-elect), but he (like Curt Daniel, Iain Murray, and many others) associates the denial of the well-meant gospel offer with hyper-Calvinism, and rightly so.