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Niko Resources Ord Shs
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වෙසක් 15, 14.03.51 ග්රිමවේ-4 · USD
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Niko Resources is an India- and South East Asia-focused oil and gas exploration and production company that shares ownership of many exploration and development properties with Komodo Energy and Reliance Industries. Though it holds exploration rights to 37,000,000 acres of land in 7 countries production currently only takes place in India and Bangladesh. Major acquisitions include a $310 million November 18, 2009 purchase of Black Gold Energy followed by the 2010 $37.6 million acquisition of Voyager Energy which expanded its presence in Trinidad.
Most of the company's revenue comes from India, revenue from India rose 106% in the 12 months ended March 2011 compared to only 3.9% for Bangladesh.
The company is investing heavily in Trinidad where in June 2011 it paid $78.1 million for offshore block 5c and is initiating exploration of another block. Though 58% of Niko's net exploration land position is in Indonesia exploration expenditure in India has increased from 1.4X higher than Indonesia in 2010 to 2.6X higher, and is forecast to increase to 12X higher in 2012 due to drilling the D4 and D6 blocks. Wikipedia
Niko Resources Ord Shs ගැන
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