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Last C$0.24 CAD
Change Today +0.01 / 4.35%
Volume 58.9K
As of 3:59 PM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

niko resources ltd (NKO) Snapshot

Open
C$0.23
Previous Close
C$0.23
Day High
C$0.24
Day Low
C$0.23
52 Week High
07/7/14 - C$2.26
52 Week Low
01/6/15 - C$0.22
Market Cap
22.6M
Average Volume 10 Days
255.8K
EPS TTM
C$-5.54
Shares Outstanding
94.0M
EX-Date
09/28/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NIKO RESOURCES LTD (NKO)

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niko resources ltd (NKO) Details

Niko Resources Ltd. engages in the exploration for, development, and production of natural gas and crude oil. Its principal producing natural gas and crude oil assets comprise the D6 Block in India and Block 9 in Bangladesh. The company was founded in 1987 and is headquartered in Calgary, Canada.

128 Employees
Last Reported Date: 06/26/15
Founded in 1987

niko resources ltd (NKO) Top Compensated Officers

Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: $272.8K
Chief Operating Officer, Director and Chairma...
Total Annual Compensation: $542.8K
Compensation as of Fiscal Year 2014.

niko resources ltd (NKO) Key Developments

Niko Resources Ltd. Auditor Raises 'Going Concern' Doubt

Niko Resources Ltd. filed its Annual on Jun 26, 2015 for the period ending Mar 31, 2015. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Niko Resources Ltd. Reports Earnings Results for the Fourth Quarter and Year Ended March 31, 2015

Niko Resources Ltd. reported earnings results for the fourth quarter and year ended March 31, 2015. For the quarter, the company reported EBITDAX of $19 million compared to $20 million and net loss of $435 million compared to $1 million in last year. EBITDAX decreased primarily due to lower oil prices, decreased sales volumes, and higher government share of revenue in Block 9 in Bangladesh, partially offset by higher natural gas prices for the D6 Block in India. Net loss primarily related to the after-tax impact of $230 million of reductions in the carrying values of the Company's producing, development and exploration and evaluation assets in India and capital inventory in Trinidad, recognition of $192 million of liabilities for unfulfilled exploration work commitments in Indonesia and Trinidad. For the year, the company reported EBITDAX of $82 million compared to $101 million in last year. EBITDAX decreased primarily due to lower oil prices, decreased sales volumes, higher government share of revenue in Block 9 in Bangladesh and income in the prior year related to the farm-out of an interest in the Grand Prix block in Madagascar, partially offset by higher natural gas prices for the D6 Block in India. Net loss primarily related to the after-tax impact of $230 million of reductions in the carrying values of the Company's producing, development and exploration and evaluation assets in India and capital inventory in Trinidad, recognition of $192 million of liabilities for unfulfilled exploration work commitments in Indonesia and Trinidad and recognition in the first three quarters of the year of $67 million of reductions in the carrying values of the Company's exploration and evaluation assets and capital inventory in Trinidad and Indonesia. Net loss for the year was $672.91 million, or $7.19 loss per share, compared to a net loss of $657.01 million, or $8.67 loss per share, for the year ended March 31, 2014. Oil and natural gas revenue for the year was $121.09 million, compared to $129.4 million for the year ended March 31, 2014. Loss before income tax for the year was $683.35 million, compared to a loss before income tax of $831.66 million for the year ended March 31, 2014.

Niko Extends Time To Sell Stake In KG-D6 Block To Sept 15

Niko Resources Ltd. (TSX:NKO) has extended by over three months the search for a buyer of its 10% stake in KG-D6 gas block which is 60% owned by Reliance Industries Limited (NSEI:RELIANCE) to pay off debt till September 15, 2015. It believes that it requires more time to determine if the sales process will be successful or, if not, to develop an alternative plan with the assistance of its advisors and stakeholders to achieve the best results for the stakeholders of the company.

 

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NKO Competitors

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Regal Petroleum PLC 4.99 GBp 0.00
SeaEnergy PLC 10.75 GBp 0.00
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Touchstone Exploration Inc C$0.27 CAD -0.005
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Industry Analysis

NKO

Industry Average

Valuation NKO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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