Niko Resources Ltd. provided revenue guidance for the second quarter ended September 30, 2012. Total average sales volumes for the current quarter are expected to be 173 MMcfe/d compared to 189 MMcfe/d for the prior quarter, primarily due to anticipated natural declines in the D6 Block in India. Oil and gas revenue for the current quarter is expected to be $58 million compared to $55 million for the prior quarter.

Production for the full year ended March 31, 2013 is now forecast to be 168 MMcfe/d, 4% lower than the Company's previous guidance of 175 MMcfe/d, due to temporary mechanical constraints in Block 9 in Bangladesh. This decrease is expected to reduce oil and gas revenue by approximately $2 million for the full year ended March 31, 2013.