Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

BRIEF-Niko qtrly net oil and natural gas revenue $5.8 mln

Published 2017-08-11, 04:38 p/m
© Reuters.  BRIEF-Niko qtrly net oil and natural gas revenue $5.8 mln
NG
-
NKO
-

Aug 11 (Reuters) - Niko Resources Ltd NKO.TO

* Niko reports results for the quarter ended June 30, 2017

* Qtrly net oil and natural gas revenue $5.8 million versus $16.4 million

* Niko Resources-cash balances at June 30, projected revenue from assets in India not expected to be sufficient to fund requirements over next several months

* Niko Resources- requested consent from lenders in facilities agreement to use part of funds in restricted cash reserve account to meet cash requirements

* Niko Resources Ltd- decision from lenders on consent to use a portion of funds in a restricted cash reserve account expected before end of August 2017

* Niko Resources Ltd- adverse decision from lenders will have a material adverse impact on company's ability to fund its operations

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.