From NIKO'S release today...Niko Resources Ltd.: Exploration Update and Appointment of New Director
1/6/2010 6:00:06 AM - Market Wire
CALGARY, ALBERTA, Jan 6, 2010 (Marketwire via COMTEX News Network) --
Niko Resources Ltd. (TSX:NKO) is pleased to provide the following exploration activity update and announce the appointment of a new director:
New Director
Don R. Hansen has joined Niko's board of directors. Don graduated with a B.SC. Engineering, with great distinction, from the University of Saskatchewan. He has served as Vice President International Energy Operations for Unocal and board positions on Unocal's domestic and foreign subsidiaries. Don was formerly CEO of Northrock Resources Ltd. and a director and founding member of Black Gold Energy. Don is currently Managing Director of Scotia Waterous/SW Capital Partners.
Exploration Update
India
- NEC 25 block--AJ3 has just been drilled as a successful exploration well. The AJ5 exploration well is currently drilling and will be followed by at least one additional exploratory well.
- D6 block--six additional exploration/appraisal wells will be drilled this year.
- D4 block--3 drilling locations have been selected. Drilling is planned to commence in the third calendar quarter.
Kurdistan
- The rig for the first well is expected to arrive on location in mid March and lease preparation is underway.
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