Niko have spent too much time spreading themselves very thin over their exploration blocks  -- too many to drill and a shortage of drilling expertise

Just handed back the Kurdistan Block which will soon be proved  by someother Oil Company  to contain Massive resources---- wouldnt take any advice as to the best place to dril and then spent over $100m  on a non commercial well   ---- Drilled on the top of a mountain and ended up running out of drill string size before getting to the most promising strata

Below $5 by january