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Last $0.29 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 03/24/15 All times are local (Market data is delayed by at least 15 minutes).

niko resources ltd (NKRSF) Snapshot

Open
$0.29
Previous Close
$0.29
Day High
$0.29
Day Low
$0.29
52 Week High
06/9/14 - $2.54
52 Week Low
02/2/15 - $0.18
Market Cap
27.6M
Average Volume 10 Days
10.7K
EPS TTM
--
Shares Outstanding
94.0M
EX-Date
09/28/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NIKO RESOURCES LTD (NKRSF)

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niko resources ltd (NKRSF) Details

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

170 Employees
Last Reported Date: 06/27/14
Founded in 1987

niko resources ltd (NKRSF) Top Compensated Officers

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

niko resources ltd (NKRSF) Key Developments

Niko To Sell Stake In RIL Block

Niko Resources has put up for sale its stake in Reliance Industries Limited (BSE:500325) KG-D6 gas block and has engaged Jefferies as its financial advisor to look for a buyer for KG-D6 stake. Kevin J. Clarke, Chairman and Interim Chief Executive Officer of Niko Resources Ltd. (TSX:NKO) said, "Marketing efforts are underway for the potential sale of the company’s interest in the D6 Block in India along with other assets of the company and/or the entire company."

Niko Resources Ltd. Announces Operating and Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Niko Resources Ltd. announced operating and earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported EBITDAX of $19 million compared to $24 million in the third quarter of fiscal 2014 primarily due 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 was $144 million against $448 million a year ago. Net loss for the third quarter of fiscal 2015 primarily related to recognition of asset impairment of $67 million relating to exploration and evaluation assets and capital inventory in Trinidad and Indonesia, accelerated accretion expense of $81 million resulting from the reclassification of the Company's term loan facilities and convertible notes from long-term to current liabilities in the quarter, partially offset by a $48 million gain on derivative related to the impact of the new natural gas price guidelines on the revaluation of the Company's deferred obligation related to the D6 Block in India. Net loss in the third quarter of fiscal 2014 related primarily to the after-tax impact of impairments of exploration and evaluation assets in Indonesia and Trinidad. For the nine months, the company reported EBITDAX of $63 million compared to $81 million a year ago. Net loss was $238 million against $656 million a year ago. Capital and exploration expenditures outside of India and Bangladesh totaled $11 million for the nine months ended December 31, 2014, including $4 million in the current quarter. Capital and exploration expenditures in India and Bangladesh totaled $43 million for the nine months ended December 31, 2014, including $10 million in the current quarter. Additions to property, plant and equipment was $29.939 million. For the quarter, the company reported total sales volume of 109 mmcfe/d against 112 mmcfe/d a year ago. For the nine months, the company reported total sales volume of 114 mmcfe/d against 110 mmcfe/d a year ago.

Niko Resources Ltd. Announces Resignation of Frederic (Jake) Brace as President

Niko Resources Ltd. announced that Frederic (Jake) Brace, left his position as President of the company, effective December 31, 2014.

 

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NKRSF Competitors

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Company Last Change
JKX Oil & Gas PLC 32.25 GBp 0.00
PA Resources AB kr0.99 SEK -0.13
Regal Petroleum PLC 4.75 GBp +0.50
Southern Pacific Resource Corp $0.0001 USD 0.00
VAALCO Energy Inc $3.13 USD -0.09
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NKRSF

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Valuation NKRSF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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