Niko Resources Ltd NKRSF

RE:Delay

[zibo]

I see your logic, but I question wether Niko has legally lost their interest in D-6 already, they were given proper legal notices as per agreements and clearly failed to meet their obligations within the specificly determined time lines and are in default, ultimately I think RIL would take this to court in India since GOI have ownership and control of the block. I don't think Niko would win this case in an Indian court. Niko can't afford to remain in the partnership now but once production starts maybe they can get financed then is a great concept, but not fair to the partners. That's like being in a JV drilling a well and saying we'll pay if the well hits but we're not putting any money in upfront.