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Development plan for offshore India block NEC-25 goes to review

Offshore staff

CALGARY, Canada – Niko Resources Ltd. (TSX:NKO) has submitted to the government of India its field development plan for offshore block NEC-25.

While awaiting response, an independent reservoir engineering firm is doing a reserves and economic evaluation of the block.

The block covers almost 3.6 million acres (1.45 million sq km) including a deltaic channel complex in the Bengal basin.

Reliance Industries Ltd. (OTN:RLNIY) is operator with 90% working interest. Niko holds the remaining 10%.

4/02/13

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