Oct 17 (Reuters) - Niko Resources Ltd NKO.TO :
* NIKO PROVIDES CORPORATE UPDATE
* NIKO RESOURCES LTD - UNIT RECEIVED A DEFAULT NOTICE FROM OPERATOR OF D6 PRODUCTION SHARING CONTRACT IN INDIA
* NIKO RESOURCES - REQUESTED UNDER TERMS OF FACILITIES AGREEMENT SOME/ALL OF LENDERS GIVE SENIOR LOAN FACILITY FOR FUNDING OF D6 BLOCK EXPENDITURES
* NIKO RESOURCES - REQUESTED THAT ITS SENIOR LENDERS WAIVE DEFAULT UNDER THE DEFAULT NOTICE FROM OPERATOR OF D6 PSC
* NIKO RESOURCES LTD - DURING CONTINUANCE OF A DEFAULT, DEFAULTING PARTY SHALL NOT HAVE A RIGHT TO ITS SHARE OF REVENUE
* NIKO RESOURCES - IF DEFAULT UNDER D6 JOA NOT CURED OR CO TO WITHDRAW FROM D6 PSC & JOA, THERE WILL BE MATERIAL ADVERSE IMPACT ON CO'S STAKEHOLDERS