Niko plans aggressive Indonesia drilling campaign

Calgary-based oil, gas firm Niko Resources Ltd is planning to carry out aggressive drilling campaign at its Indonesian exploration blocks in 2011-12.

The Company?s Quarterly Report released on Thursday revealed that it and partners would drill 13 exploration wells.

The Company currently has interest in 16 exploration blocks, most of which are located in eastern Indonesia, and operates 11 of the blocks. (alex)

Location	Fiscal 2011				Fiscal 2012				Working Interest
	2010	2010	2010	2011	2011	2011	2011	2012
	April - June	July - Sept.	Oct. - Dec.	Jan. - March	April - June	July - Sept.	Oct. - Dec.	Jan. - March
Bone Bay	Seismic			Drilling				Drilling	45%
Cendrawasih	?	Seismic	?	?	?	?	?	?	45%
Cendrawasih II	?	?	Seismic	Seismic	?	?	?	?	50%
Cendrawasih III	?	?	Seismic	?	Seismic	?	?	?	50%
Cendrawasih IV	?	Seismic	?	?	Seismic	?	?	?	50%
East Bula	?	Seismic	Seismic	Seismic	?	?	?	?	100%
Halmahera-Kofiau	Seismic	Seismic	Seismic						80%
Kofiau	Seismic	?	?	?	?	?	?	Drilling	100%
Kumawa	?	?	?	?	?	Drilling	Drilling	?	45%
Seram	?	Seismic	Seismic	Seismic	?	?	Drilling	Drilling	100%
S. Matindok	?	?	?	?	?	Drilling	?	Drilling	100%
S.E. Ganal	?	?	?	?	Drilling	?	Drilling	?	100%
Sunda Strait	?	?	?	?	Seismic	?	?	?	100%
West Papua IV	?	Seismic	?	?	?	?	?	?	80%
West Sageri	?	?	?	?	?	?	Drilling	?	100%