Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/niko-receives-independent-resources-evaluation-of-.shtmlNiko receives Independent Resources Evaluation of MJ Discovery in the D6 Block in India
Niko Resources Ltd. has received an independent resources evaluation report for the MJ Discovery in the D6 Block in India from Deloitte LLP (Deloitte),
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Niko Resources Ltd. has received an independent resources evaluation report for the MJ Discovery in the D6 Block in India from Deloitte LLP (Deloitte), an independent petroleum engineering firm. The evaluation has been prepared in accordance with National Instrument 51‐101 ‐ Standards of Disclosure for Oil and Gas Activities and the Canadian Oil and Gas Evaluation Handbook, with an effective date of March 31.
“The discovery and successful appraisal of MJ adds a new and exciting chapter to the D6 Block. Going forward, the contractor group in the block will be working on plans to develop MJ, which may lead to potentially significant additions to reserves and production levels in the coming years,” said William T. Hornaday, chief operating officer, Niko Resources Ltd.
