Niko Spuds Ajek-1 Well in Kofiau Block in Indonesia

Niko Spuds Ajek-1 Well in Kofiau Block in Indonesia 
CALGARY, ALBERTA -- (Marketwire) -- 12/12/12 -- Niko Resources Ltd.
("Niko" or the "Company") (TSX:NKO), is pleased to announce the
spudding of the Ajek-1 well in the Kofiau block in Indonesia on
12/12/12.   
The Ajek-1 well is to be drilled to a depth of approximately 5,900
feet and is expected to take 40 to 45 days.   
The move of approximately 2,400 nautical miles from Western Indonesia
to Eastern Indonesia took only 23 days, much faster than originally
anticipated, demonstrating the continued enhanced operational
efficiency of the Ocean Monarch drilling rig and Niko's Indonesian
drilling team.   
Forward-Looking Information  
Certain statements in this press release constitute forward-looking
information. Specifically, this press release contains
forward-looking information relating to the anticipated timing of
drilling activities. These forward-looking statements are based on
certain key expectations and assumptions, including anticipated
drilling conditions. The reader is cautioned that the assumptions
used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be incorrect.
Actual results may vary from the information provided herein as a
result of numerous known and unknown risks and uncertainties and
other factors and such variations may be material. Such factors
include, but are not limited to: risks associated with oil and gas
operations including equipment failures or accidents; the ability of
suppliers and third party contractors to meet commitments; pressure
or irregularities in geological formations; and adverse weather
conditions. Niko makes no representation that the actual results
achieved during the forecast period will be the same in whole or in
part as those forecast.
Contacts:
Niko Resources Ltd.
Edward Sampson
Chairman of the Board, President & CEO
(403) 262-1020 
Niko Resources Ltd.
Murray Hesje
VP Finance & CFO
(403) 262-1020
www.nikoresources.com
 
 
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