Niko now has twenty Indonesia exploration blocks
Tuesday, December 20 2011 - 04:24 PM WIB
(December 20, 2011)--Niko Resources Ltd. is pleased to announce that it has been awarded two new Production Sharing Contracts (?PSCs?) in Indonesia.
The Company now has interests in 20 Indonesian PSCs including 13 in its West Papua portfolio.
The 8,217 Km2 SE Seram block is adjacent to Niko?s Seram, East Bula and Kumawa blocks and also borders a third party block where the Andalan‐1 well is currently drilling. Niko will have a 100% working interest and operate.
The 6000 Km2 Halmahera II block is adjacent to Niko?s Obi, Halmahera‐Kofiau and Kofiau blocks. Niko will have a 20% working interest. (ends)