(Adds details, background). Nov 14 (Reuters) - Canada's Niko Resources Ltd said it was evaluating plans for its oil and gas assets in India, citing uncertainty related to the outlook for natural gas prices in the country.
Niko Resources Ltd. (TSX: T.NKO, Stock Forum) jumped 18.4% to 45 cents Friday as investors reacted to news that the company has reached an agreement with institutional lenders of its US$340 million senior term loan facilities.
Niko Resources (TSE:NKO) surged in today's trading after the Canadian oil and natural gas explorer with operations in South Asia unveiled plans to sell its 10 percent stake in the large but troubled Indian deep sea gas asset it co-owns with Reliance ...
Niko Resources Ltd. is engaged in the exploration for and development and production of oil and natural gas. The Company's principal producing natural gas and crude oil assets are in the D6 Block in India and in Block 9 in Bangladesh.
Reliance, with partners BP Plc and Canada's Niko Resources Ltd., announced on May 24 a �significant� discovery of gas and related liquids in a deposit that lies under the biggest producing areas in the KG-D6 block in the Bay of Bengal.
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.