Full Description

Niko Resources Ltd. (Niko) is engaged in the exploration for, and the development and production of natural gas and oil in India, Bangladesh, Pakistan, Kudistan, Madagascar and Indonesia. The Company’s projects in India include Cauvery, D4 Block, D6 Block, Hazira, NEC-25 and Surat. The Company’s projects in Bangladesh include Block 9 and Feniand Chattak. In Cauvery project, the Company operates the block, which covers 957 square kilometers. The Company has 15% interest in the D4 Block, located in the Mahanadi Basin offshore the east coasts of India. Niko has 10% working interest in the 7,645 square kilometer D6 Block. The Company holds 60% interest in the 6,880 square kilometer onshore block. The Feni field covers 43 square kilometers and is located six kilometers west of the natural gas line to Chittagong. In November 2008, the Company acquired the right to earn 25% interest in another deep-water offshore exploration block, Boney Bay, covering approximately 5,000 square kilometers.