Niko Resources Ltd. Provides Revenue Guidance for the Second Quarter Ended September 30, 2012 and Provides Production Guidance for the Fiscal Year Ending March 31, 2013
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.