NIKO RESOURCES LTD

NIKO RESOURCES LTD

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Company Overview
Niko Resources Ltd., headquartered in Calgary, Alberta, is an oil and gas company engaged in the extraction, development, and production of oil and natural gas in Canada, India, Bangladesh, and Thailand. The company holds 33 percent working interest in the 50-square-kilometer Hazira onshore and offshore block on the west coast of India, located approximately 25 kilometers southwest of the city of Surat. The company was formed in March 1987.
Niko Resources’ Bangladesh operation includes the Block 9, Feni, and Chattak zones. The company holds a 60 percent interest in Block 9, a 6,800-square-kilometer onshore block, encompassing the capital city of Dhaka in Bangladesh. The company has developed a long-term appraisal program that includes a long-term production test from the Bangora-1 well, acquisition of 620 square kilometers of 3D seismic, and the drilling of the Bangora-2 well. The Feni field is located 6 kilometers west of the main natural gas line to Chittagong. The company acquired rights to this field in October 2003 and has been producing natural gas from the field since November 2004. The Chattak operation encompasses a large surface area of 376 square kilometers and the rights to this block were obtained in October 2003. Niko Resources has a 50 percent equity stake in a production and exploration block in northern Thailand, which includes a development portion, Mae Soon, and an exploration area, Fang. As of March 2007, Niko’s combined average daily production for all its land holdings is 88,630 Mcfe/day.
Business Summary
The Company is an international oil and gas company focused on the Indian subcontinent.
Description and history
The Company is an international oil and gas company focused on the Indian subcontinent. The Company’ s significant oil and gas property is the Hazira, India. The Company was formed on 26 March 1987, and was listed on Toronto Stock Exchange on 11 December 1998.

Business Line
Extraction, development, and production of oil and natural gas in Canada, India, Bangladesh, and Thailand
Subsidiary
BLACK GOLD ENERGY LLC
Advisor
KPMG LLP
IPO date
12/11/1998
US SIC Code
1311
Company Address
Canterra Tower, Suite 4600
400, 3rd Avenue S.W.
City province or state postal code
T2P 4H2, CALGARY, AB
Phone: +1 403 262 1020
Fax: +1 403 263 2686
Country address: CANADA
Website url: www.nikoresources.com