Mr. Edward Sampson reports
NIKO REPORTS RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2012
Niko Resources Ltd. has released its financial and operating results, including consolidated financial statements and notes thereto, as well as its managements' discussion and analysis, for the three- and nine-month periods ended Dec. 31, 2012. The operating results are effective February 13, 2013. All amounts are in U.S. dollars unless otherwise indicated and all amounts are reported using International Financial Reporting Standards unless otherwise indicated.
Edward Sampson, chairman, president and chief executive officer, said: "In the third quarter of fiscal 2013, the Company launched its multi-year deepwater exploration drilling program in Indonesia and repaid its Cdn$310 million convertible debentures due December 2012, primarily using the net proceeds from successful offerings of common shares and convertible notes. The business environment in India appears to have improved significantly as evidenced by the release of a government-appointed committee's report on domestic gas pricing and the restart of planned development and exploration activities for the D6 Block in India.