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Niko Resources Ltd
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Corporate Information
| Edward S. Sampson | Page 1 of 11 |
April 25, 2024
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1As at December 31, 2007 Corporate Information Niko Resources Ltd. is an international oil and natural gas exploration and production company with properties in India, Bangladesh and Pakistan. High impact natural gas plays have been, and remain, the key component in Niko’s strategy. The Company is continually evolving and has added several oil prospects to its portfolio. Fuelled by the success of its key natural gas properties, Niko is determined to continue its role as a leader in the field of international oil and natural gas exploration and production. Niko trades on the Toronto Stock Exchange under the symbol “NKO” and forms part of the S&P TSX Composite Index. Corporate Overview ??Proven international management ??March 31 year end ??TSX Symbol “NKO” ??Share capital ??48.8 million shares outstanding1 ??51.9 million shares fully diluted1 Corporate Strategy ? ??Operatorship ??Geographic concentration ??High impact international plays ??Exploitation & exploration Property Review INDIA: Hazira Field ??33% operated working interest ??32 wells on-stream ??Current net production 21mcfe/d1 Surat Block ??100% operated working interest ??Shallow and deep discoveries ? 13 wells on-stream, 9mmcf/d1 D6 Block ??1.9 million acres ??10% working interest ? Additional exploration? ??Target production July 2008 NEC 25 ??2.7 million acres ??10% working interest ??Field Development Plan ??Additional exploration D4 ??4.2 million acres ??15% working interest ??Scheduled seismic program Cauvery ??236,000 acres ??100% working interest ?? Drilling program PAKISTAN: Indus Block ??100% operated working interest ??Four offshore blocks ??2.4 million acres ??Scheduled seismic program BANGLADESH: Chattak/Feni ??Existing gas fields, pipeline connected ??Joint Venture agreement signed ? 111,750 acres ? Feni- 80% working interest reducing to 52% after 300% capex ? Chattak- 75% working interest reducing to 45% after 300% capex ? 3 wells on-stream at Feni, 5 mcfe/d1 Block 9 ? 1.7 million acres ? 60% net working interest ? KURDISTAN Qara Dagh ? 209,000 acres ? 27% working interest ? PSC Signed May 2008 ? 2D seismic planned ? Drilling one well