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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 Dell1on Jan 27, 2016 8:02pm
181 Views
Post# 24499991

RE:RE:Great News and Big money coming!!

RE:RE:Great News and Big money coming!!If the company will be filing for Bunkruptcy all shares will be canceled and only Note holders will get all assets. After that either it will be sold privatly or sold at an Action for the best offer. 
Like Quicksilver Resources .... the stock was at one point at $ 60.0 

https://www.dallasnews.com/business/energy/20160125-quicksilver-resources-assets-bring-in-245m-in-bankruptcy-auction.ece

That's my point of view. I lost already a lot of money in this company. I was daydreaming......
Niko debt is $ 300 or $ 250 Mill to Note holders and about $ 200  - $ 300 Mill in liabilities on commitments. I can speculate that Reliance eventually will buy the remaining 10 %, however, I think they will pay may beee $ 100 Mill TOP. I highly doubt BP wants to deal with the current Indian government. If they had opportunity they would of sold it long time ago everything waht they got in India. 
Dell1
Bullboard Posts