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Niko Resources Ltd NKRSF

Niko Resources Ltd is an oil and natural gas exploration and production company.


GREY:NKRSF - Post by User

Bullboard Posts
Comment by monzieon Oct 29, 2014 10:55am
161 Views
Post# 23071978

RE:RE:RE:Total Contractual Obligations

RE:RE:RE:Total Contractual ObligationsWell bigbab they've already won US$27 million for the Feni Field gas supply which is being held until the blowout lawsuit is settled (so even if they come to a settlement it will be much less than 100 million).  And as for their contractual obligations, a huge chunk of that expenditure over the next couple of years was dependent on the gas price hike in India, if arbitration is still going on and the gas price remains at $4.20 for them then there will be no major expenditures, even at $5.60 I doubt RIL will be doing the same amount of drilling and exploring as they would have if the price was $8.40.  

This is from Niko:

If a new market price for natural gas sales from the D6 Block in India is not notified by the GOI, then a significant portion of the 
contractor group’s planned investments in the block are expected to be deferred; and
• the unrestricted and restricted cash and the forecasted receipts of oil and gas revenues are expected to be sufficient to 
satisfy the anticipated cash requirements of the Company’s operating subsidiaries in India and Bangladesh, its corporate 
general and administrative expenditures, and its interest obligations for the foreseeable future. 
If a new market price for natural gas sales from the D6 Block in India is notified by the GOI, effective October 1, 2014, the contractor 
group’s planned investments in the block for fiscal 2015 and fiscal 2016 are expected to occur as currently planned; and: 
Bullboard Posts