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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
Niko Provides Exploration Update

CALGARY, ALBERTA -- (Marketwire) -- 11/06/12 -- Niko Resources Ltd. ("Niko" or the "Company") (TSX:NKO) provides the following exploration updates:

Trinidad and Tobago

The Maestro-1 well in Trinidad has reached total depth in the Lower Cretaceous at a depth of 5301 feet which is shallower than prognosed. Wireline logs have been run and the well did not meet with success. Hydrocarbons were encountered at the Lower Cretaceous level; however, no significant reservoir intervals that could be deemed commercial were encountered. No further testing of the well is anticipated.


The drilling program for the Jayarani-1 well in the Lhokseumawe block is proceeding ahead of schedule.

Forward-Looking Information

Certain statements in this press release constitute forward-looking information. Specifically, this press release contains forward-looking information relating to anticipated exploration activities in Indonesia and the anticipated timing of drilling results. These forward-looking statements are based on certain key expectations and assumptions, including management's geological interpretation of the Lhokseumawe block and anticipated drilling conditions. The reader is cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors and such variations may be material. Such factors include, but are not limited to: operational risks in exploring for crude oil and natural gas including equipment failures or accidents; the ability of suppliers and third party contractors to meet commitments; pressure or irregularities in geological formations; and adverse weather conditions. Niko makes no representation that the actual results achieved during the forecast period will be the same in whole or in part as those forecast.

Niko Resources Ltd.
Edward Sampson
Chairman of the Board, President & CEO
(403) 262-1020

Niko Resources Ltd.
Murray Hesje
VP Finance & CFO
(403) 262-1020

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