About Niko

Our History

Niko is a Calgary Canada based independent international oil and gas Company with operations in India, Bangladesh, Indonesia, Kurdistan, Trinidad, Madagascar and Pakistan. The Company is one of the fastest growing companies in the industry with a market capitalization of over $5 billion trading on the Toronto Stock Exchange under the symbol NKO. Niko is a member of the S&P/TSX Composite Index and the S&P/TSX Capped Energy Index.

Founded in 1987, the Company’s first six years of operation were confined to the Western Canadian Basin where the Company drilled and participated in wells in Alberta and southern Saskatchewan. In 1993, Niko made the decision to focus on international opportunities, primarily due to the president’s vast overseas experience, starting with India where the Company has over time become a major participant in the Indian oil and gas sector. The first exploitation opportunity captured was the Hazira Gas Field near Surat in the southern portion of Gujarat State, shaping the overall business strategy of focusing on high-impact plays and providing the foundation that enabled Niko to expand its portfolio of international assets.

Over the ensuing years Niko continued to grow internationally both within India and elsewhere. Most notably, in 2000 Niko secured a 10% interest in the D6 Block located offshore on the east coast in India where Niko and its partner, Reliance Industries Ltd., have conducted successful exploration programs that resulted in the largest gas discovery in the world for the year 2002 with initial reserves of gas in place estimated to exceed 13 trillion cubic feet. In 2006 oil was discovered in the D6 Block with oil production commencing in September 2008.

Today Niko is one of the largest exploration acreage holders in both Indonesia and Trinidad, has interests in 33 exploration blocks covering over 37 million acres (23 million net acres) in 7 countries and has production in India and Bangladesh.