Canadian natural resources firm Niko Resources Ltd, which had put its assets in India including its minority stake in Reliance Industries' flagship offshore Krishna-Godavari oil and gas block in India's east coast on the block, continues its talks to ...
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 Ltd, a partner of Reliance Industries Ltd in the D6 block in the Krishna Godavari basin, said on Monday it is currently evaluating the impact of the new domestic gas pricing policy on its assets in India.
Led by bullish frenzy, the shares of Niko Resources Ltd (TSE:NKO) surged 6.52% or 0.015 points in a good session. After opening the day at 0.24, the price dipped only slightly to 0.24 before reclaiming higher ground and hit 0.25.
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.