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Niko Resources Ltd NKRSF

Energy Oil & Gas E&P
Niko Resources Ltd is an oil and natural gas exploration and production company.


GREY:NKRSF - Post by User

Niko Resources Ltd
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Comment by shiftmanon Feb 21, 2013 3:44pm
163 Views
Post# 21024654

RE: RE: bnn

RE: RE: bnn

The balance sheet has changed  for the worst

cost of revenue

2012  (- 284,533 )

2009  ( (-41,468  )

Interest expense to service this debt

2008  -(41,468 ) qu3

2012  (-284,533 )qu3

Uncertainty the debt, the production in India falling, the lower gas price until 2014.

Husky for example has been kicked also they will not spin off li-wan gas field, its worth about 4.00 share or more.  The company says it will spin off when it most benefical to shareholder, 10 -12 cfm in China for gas.

BNN says sell they can't keep functioning with this debt for ever, high mangers wages stock options benefits  to create a balance sheet like this. A mentally challenged  person could do better than this company has done.

 

 

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