Niko Resources Ltd NKRSF

RE:RE:RE:RE:Wouldn't underestmate how fast this gets back to $5.00+T.NKO

[Bigwhiskey]

 Under the production-sharing contract that governs the block, it can recoup its costs before any profits are split with the state. 
. (of couse I could have it all wrong )
I really do not know if thay change this .. I do know it has to be approved ..

RIL has more than half a dozen undeveloped discoveries with about 3 trillion cubic feet of reserves in KG-D6. Field development plans for five of them has already been approved and is awaiting start of work. 

 

Read more at:

https://economictimes.indiatimes.com/articleshow/51356762.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


Last time .. 

 It accuses Reliance of “gold-plating”. Under the production-sharing contract that governs the block, it can recoup its costs before any profits are split with the state. .. 

I can not find where Niko had to put out any cash for this Field development ,,once there approved ..Reiliance makes big bucks on development of the feild ...