June 27 (Reuters) - Niko Resources Ltd NKO.TO :
* Niko provides corporate update
* Niko Resources - for period ended Dec 31, 2007, co was unable to deliver minimum quantities to certain customers under contracts from Hazira field
* Niko Resources Ltd - co's joint operating partner filed arbitration claims for losses incurred as a result of delivery of these shortfall volumes
* Niko Resources Ltd - company's joint operating partner in Hazira field delivered shortfall volumes from other gas sources
* Niko Resources Ltd - in June, arbitration tribunal issued award in favour of company's joint operating partner in an amount of approximately $17.8 million
* Niko Resources Ltd - company plans to appeal award in Indian court system under rules governing indian arbitration
* Niko Resources - tribunal awarded interest at rate of 10% per annum from 2012 to date of award plus further interest at 10% annually from date of award until payment Source text for Eikon: ID:nMKW0tltLa Further company coverage: NKO.TO