Specialist Canadian oil explorer Niko Resources plans to sell its 10 per cent stake in the large but troubled Indian deep sea gas asset it co-owns with Reliance Industries of India and Britain's BP, blaming regulatory changes for denting the block's value.
June 13 Niko Resources Ltd. * To date, petrobangla has not complied with third decision on payment claim. * Supreme court of bangladesh, high court division has extended stay order for an additional period of three months.
... tribunals (the 'Tribunals') constituted under the rules of the International Centre for Settlement of Investment Disputes ('ICSID') issued the Third Decision on the Payment Claim initiated by the Company's indirect subsidiary, Niko Resources ...
Mumbai: Canadian energy explorer Niko Resources Ltd (Niko), a partner of Reliance Industries Ltd in the D6 block of the Krishna-Godavari (KG) basin, has asked the Indian government to allow a market-linked price for gas produced from the field.
CALGARY - Niko Resources Ltd. reported Friday a promised price increase at its offshore India gas play faces at least a three-month delay, while noting an annual loss and further declines in production.
Short sellers have recently been having a field day with Niko Resources Ltd. (TSX: T.NKO, Stock Forum), a Calgary-based oil and gas explorer, which has been working to avoid a debt default and finance offshore drilling operations in India and Bangladesh.