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%.