Further to its press release of October 9, 2018, Niko Resources Ltd. provides the following updates: As a result of non-payments of D6 cash calls, a subsidiary of the Company received a default notice from the operator of the D6 production sharing contract in India. Under the terms of the joint operating agreement between the participating interest holders in the D6 PSC, during the continuance of a default, the defaulting [...]
Niko Resources Ltd. provides the following updates: To date, the Company has not been successful in its efforts to sell its interest in the D6 Block in India or secure financing for funding of its share of the R-Cluster, Satellite Cluster and MJ development projects in the block. While these efforts are continuing, to conserve its remaining cash , the Company elected not to pay a D6 Block cash call that was due. Under the [...]
Niko Resources Ltd. reports that at its annual meeting of shareholders held on September 26, 2018, each of the nominees proposed by management as a director of the Company were elected as directors of the Company. The detailed results of the vote by ballot are as follows: Nominee Votes For Votes Withheld Number Percentage Number Percentage Scott K. Brandt 10,941,862 91.99% 952,870 8.01% Glenn R. Carley 11,375,855 95.64 [...]
Niko Resources Ltd. is pleased to report its operating and financial results for the quarter ended June 30, 2018. The operating results are effective August 13, 2018. All amounts are in US dollars unless otherwise indicated and all amounts are reported using International Financial Reporting Standards unless otherwise indicated. LIQUIDITY AND CAPITAL RESOURCES As at June 30, 2018, the Company`s unrestricted cash balances [...]
CALGARY, Alberta, July 31, 2018 -- Niko Resources Ltd. announces that an international Arbitration Tribunal has issued an award in favour of Reliance Industries Limited, BP & Niko, the members of the Contractor group of the KG-D6 production sharing contact , rejecting completely the claims of the Government of India against the Contractor group in respect of the alleged migration of gas dispute, by a majority of 2 to 1 [...]
CALGARY, Alberta, June 21, 2018 -- Niko Resources Ltd. is pleased to report its operating and financial results for the quarter and year ended March 31, 2018. The operating results are effective June 20, 2018. All amounts are in US dollars unless otherwise indicated and all amounts are reported using International Financial Reporting Standards unless otherwise indicated. CHIEF EXECUTIVE OFFICER’S MESSAGE TO THE [...]
Niko Resources Ltd. is pleased to report its operating and financial results for the quarter ended December 31, 2017. The operating results are effective February 14, 2018. All amounts are in US dollars unless otherwise indicated and all amounts are reported using International Financial Reporting Standards unless otherwise indicated. CHIEF EXECUTIVE OFFICER'S MESSAGE TO THE SHAREHOLDERS Major contracts for development of [...]
Niko Resources Ltd. is pleased to report its operating and financial results for the quarter ended September 30, 2017. The operating results are effective November 14, 2017. All amounts are in US dollars unless otherwise indicated and all amounts are reported using International Financial Reporting Standards unless otherwise indicated. CHIEF EXECUTIVE OFFICER'S MESSAGE TO THE SHAREHOLDERS We are continuing with our [...]
Niko Resources Ltd. provides the following updates: Voting Results of Election of Directors At its annual general meeting of shareholders held on September 28, 2017, each of the nominees proposed by management as a director of the Company were elected as directors of the Company. The detailed results of the vote by ballot are as follows: Nominee Votes For Votes Withheld Number Percentage Number Percentage [...]
CALGARY, AB--(Marketwired - August 31, 2017) - Niko Resources Ltd. ("Niko" or the "Company") (TSX: NKO) provides the following update: As disclosed in its August 11, 2017 press release announcing its operating and financial results for the quarter ended June 30, 2017, in order to fund the projected cash requirements of the Company's assets in India and its other cash requirements over the next few months, the Company [...]
CALGARY, AB--(Marketwired - August 24, 2017) - Niko Resources Ltd. ("Niko" or the "Company") (TSX: NKO) provides the following update: As previously disclosed, in May 2016, a writ petition was filed before the Supreme Court of Bangladesh, High Court Division (the "Court") in Dhaka by a citizen of Bangladesh (the "Petitioner") against (i) the Government of Bangladesh (the "GOB"), (ii) Bangladesh Oil, Gas and Mineral [...]
CALGARY, AB--(Marketwired - August 11, 2017) - Niko Resources Ltd. ("Niko" or the "Company") (TSX: NKO) is pleased to report its operating and financial results for the quarter ended June 30, 2017. The operating results are effective August 11, 2017. All amounts are in US dollars unless otherwise indicated and all amounts are reported using International Financial Reporting Standards unless otherwise indicated. CHIEF [...]
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