CALGARY, ALBERTA--(Marketwired - May 1, 2015) - Niko Resources Ltd. ("Niko" or the "Company") (TSX:NKO) provides the following updates: Strategic Alternatives Process and Extension to Milestone Date under Terms of its $340 million Senior Term Loan Facilities As announced on December 17, 2014, the Company engaged Jefferies LLC as its financial advisor to assist the Company in pursuing strategic alternatives including the [...]
CALGARY, ALBERTA--(Marketwired - Apr 6, 2015) - Niko Resources Ltd. ("Niko" or the "Company")(TSX:NKO) is pleased to announce that the Company has received an independent resources evaluation report for the MJ Discovery in the D6 Block in India from Deloitte LLP ("Deloitte"), an independent petroleum engineering firm. The evaluation has been prepared in accordance with National Instrument 51-101 - Standards of Disclosure [...]
CALGARY, ALBERTA--(Marketwired - Mar 31, 2015) - Niko Resources Ltd. ("Niko" or the "Company")(TSX:NKO) provides the following update on the price for natural gas sales from the D6 Block in India: Natural Gas Price for April 1, 2015 to September 30, 2015 In accordance with the New Domestic Natural Gas Guidelines, 2014, (the "Guidelines") issued in October 2014, the Government of India ("GOI") has issued a notification [...]
CALGARY, ALBERTA--(Marketwired - Mar 30, 2015) - Niko Resources Ltd. ("Niko" or the "Company") (TSX:NKO) is pleased to announce that the High Court of Gujarat in India has issued a favourable judgment on the retrospective application of the definition of undertakings and whether or not mineral oil includes natural gas for the purposes of the income tax holiday claims for the Company's fields in India. The judgment states [...]
CALGARY, ALBERTA--(Marketwired - Feb 13, 2015) - Niko Resources Ltd. ("Niko" or the "Company") (TSX:NKO) is pleased to report its operating and financial results for the quarter ended December 31, 2014. The operating results are effective February 13, 2015. All amounts are in US dollars unless otherwise indicated and all amounts are reported using International Financial Reporting Standards unless otherwise indicated [...]
CALGARY, ALBERTA--(Marketwired - Feb 12, 2015) - Niko Resources Ltd. ("Niko" or the "Company") (TSX:NKO) announces that it has reached an agreement with the institutional lenders of its US$340 million senior term loan facilities to amend the terms of the facilities agreement. Subject to certain conditions, the key terms of the amendment are as follows: requirement to achieve certain milestones related to the potential [...]
CALGARY, ALBERTA--(Marketwired - Dec 17, 2014) - Niko Resources Ltd. ("Niko" or the "Company")(TSX:NKO) announces that it has engaged Jefferies LLC as its financial advisor to assist the Company in pursuing strategic alternatives including the sale of assets of the Company, a merger or other business combination, the outright sale of the Company, a refinancing of its existing debt with replacement debt, or some [...]
CALGARY, ALBERTA--(Marketwired - Nov 14, 2014) - Niko Resources Ltd. ("Niko" or the "Company") (TSX:NKO) is pleased to report its operating and financial results for the quarter ended September 30, 2014. The operating results are effective November 13, 2014. All amounts are in US dollars unless otherwise indicated and all amounts are reported using International Financial Reporting Standards unless otherwise indicated [...]
CALGARY, ALBERTA--(Marketwired - Nov 4, 2014) - Niko Resources Ltd. ("Niko" or the "Company") (TSX:NKO) provides the following updates on the impact of the new domestic gas price policy in India: Gas Price for November 1, 2014 to March 31, 2015 The Government of India ("GOI") has issued the New Domestic Natural Gas Guidelines, 2014 (the "Guidelines"), which are consistent with the information in the GOI press release of [...]
CALGARY, ALBERTA--(Marketwired - Oct 27, 2014) - Niko Resources Ltd. ("Niko" or the "Company") (TSX:NKO) is pleased to announce that it has executed a definitive agreement with a subsidiary of Ophir Energy plc relating to the sale of Niko's interests in seven Indonesian production sharing contracts ("PSCs") for cash consideration of $31 million, with further payments of up to $56 million contingent on future exploration [...]
CALGARY, ALBERTA--(Marketwired - Oct 20, 2014) - Niko Resources Ltd. ("Niko" or the "Company")(TSX:NKO) announces that on October 18, 2014, the Cabinet Committee of Economic Affairs of the Government of India approved the new domestic gas pricing policy for India. The press release issued by the Press Information Bureau of the Government of India is attached. The Company will be evaluating the impact of the new domestic [...]
CALGARY, ALBERTA--(Marketwired - Oct 8, 2014) - Niko Resources Ltd. ("Niko" or the "Company")(TSX:NKO) today announced that the Board of Directors of the Company has appointed Kevin J. Clarke as Chairman of the Board and interim Chief Executive Officer. Mr. Clarke, who was appointed to the Board of Directors in August 2014, succeeds Wendell W. Robinson, who retired following the annual meeting of shareholders held in [...]