Niko acquires offshore Indonesia block

Niko Resources has acquired a new exploration block offshore southeast Sulawesi, Indonesia.

Offshore staff

CALGARY, Canada -- Niko Resources has acquired a new exploration block offshore southeast Sulawesi, Indonesia. The block covers almost 5,000 sq km (1,931 sq mi) and Niko will have a 25% non-operated working interest.

According to the company, the acreage is located primarily in deepwater and was selected from extensive geologic and geophysical evaluations covering 1,000,000 sq km (386,102 sq mi).

11/18/2008

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