Niko Reports Fourth Quarter And Year End Results

From: CCNMatthews Newswire | Date: June 29, 2007 | Copyright information

CALGARY, ALBERTA--(CCNMatthews - June 29, 2007) - Niko Resources Ltd. (TSX:NKO) reports results for the three and twelve months ended March 31, 2007.

President's Report to Shareholders

Niko's net present value for proved plus probable reserves in D6 increased 42 percent based on constant price, discounted 10 percent.

In addition, Niko's producing assets experienced a collective 210 percent increase in proved reserves and a 162 percent increase of proved plus probable reser...

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