RE:RE:Valentine’s BBQ Dont forget they all have BOOZE ... GLTA buckly down and only buy what you can losse ... but hell look what they have left .. this will either bankrupt they or win big ,,,,
Other Countries The Company continues to evaluate options to capture value from its exploration assets through asset sales, farm-outs and other arrangements, while maintaining optionality. Furthermore, the Company has extended and intends to reschedule its exploration commitments in various blocks. Indonesia The table below indicates the operator, the location of, the award date, Niko's working interest and the size of the block, for the Indonesian Blocks as at March 31, 2015. Block Name Operator Offshore Area Award Date Working Interest Area (Square Kilometers) East ula Niko Seram NE Nov. 2009 55% 4,516 South East Seram Niko Papua SW Dec. 2011 100% 8,217 Sunda Strait I Niko Sunda Strait May 2010 100% 6,960 Bone Bay Niko Sulawesi SW Nov. 2008 100% 2,979 Kumawa Niko Papua SW May 2009 100% 5,004 Semai V Niko Papua SW Nov 2008 100% 2,364 Seram Niko Seram North Nov. 2008 55% 2,987 South East Ganal Niko Makassar Strait Nov. 2008 100% 2,918 South Matindok Niko Sulawesi NE Nov. 2008 100% 3,110 West Sageri Niko Makassar Strait Nov. 2008 100% 2,986 Obi(2) Niko Papua W Nov. 2011 42% 8,057 Aru(2) Niko Papua SW July 2012 60% 8,054 Halmahera-Kofiau(2) Niko Papua W Nov. 2009 80% 3,695 North Ganal(2) Eni Makassar Strait Nov. 2011 18.5% 2,432 Kofiau(2) Niko West Papua May 2009 100% 5,000 North Makassar Strait(2) Niko Makassar Strait Nov. 2009 30% 1,340 West Papua IV(2) Niko Papua SW Nov. 2009 49.9% 3,831 Cendrawasih(1) Niko Papua NW May 2009 70% 4,991 Cendrawasih Bay III(1) Niko Papua NW May 2010 50% 4,689 Cendrawasih Bay IV(1) Niko Papua NW May 2010 50% 3,904 Halmahera II(1) Statoil Papua W Dec. 2011 20% 8,215 (1) Relinquished blocks that are subject to government approval. (2) The Company executed a definitive agreement for the sale of the Company’s interest in seven (7) Indonesian PSCs in October 2014, of which four (4) PSCs (Aru, Kofiau, Halmahera Kofiau, West Papua IV) were subsequently sold in April 2015. The sales of the Company’s interest in two (2) additional PSCs (North Ganal and North Makassar Strait) are subject to satisfaction or waiver of the remaining conditions precedent. Ophir has decided not to proceed with the acquisition of the Company’s interest in the Obi PSC. The minimum work commitments represent the amounts the GRI may claim if the Company does not perform the work commitments. The actual cost of fulfilling work commitments may materially exceed the amount estimated in the PSCs. For six (6) PSCs in Indonesia that had commitments due in November 2014 and one (1) PSC that had commitments due in May 2015, the Company requested amendments to the PSCs to extend the initial exploration period to ten (10) years, and related extensions to the commitment dates. Extensions have not been granted and certain of the Company’s subsidiaries have recorded liabilities of $117 million for these unfilled exploration work commitments as at March 31, 2015.
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