GREY:NKRSF - Post by User
Comment by
factsfinderon Jun 29, 2014 10:29am
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Post# 22703904
RE:Niko expects to make US$1bn off remaining T&T reserves
RE:Niko expects to make US$1bn off remaining T&T reserves (click "reply" to read)
Niko sold its interest in Block 5(c) to a subsidiary of the British Gas Group of the UK for US$62 million. The BG Group already had the remaining 75 per cent interest in the block off the east coast of Trinidad and remains now the sole owner. Niko Resources Ltd now estimates the present value of the entire Block at US$1 billion.