Niko gets evaluation of offshore India discovery

Offshore staff

CALGARY, Canada – Niko Resources Ltd. has received an independent resources evaluation report from Deloitte LLP for the MJ discovery in the D6 block offshore India.

Deloitte has evaluated the contingent resources based on available information, including the drilling, testing, and coring results of the MJ-1 discovery well and the MJ-A1, MJ-A2, and MJ-A3 appraisal wells.

Deloitte’s best case estimate of gross unrisked contingent resources of 1.4 tcf relates to the Central (North), Northern, and Central (South) fault blocks that were drilled by the MJ-1, MJ-A1, and MJ-A3 wells, based on an estimated areal extent of approximately 24 sq km (9.26 sq mi), approximately twice the areal extent of the analogous MA currently in production.

04/06/2015

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