BRIEF-Niko announces settlement agreement with Diamond Offshore

Tue Oct 18, 2016 12:32pm EDT
 
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Oct 18 (Reuters) - Niko Resources Ltd

* Niko announces settlement agreement with Diamond Offshore

* Niko Resources-Executed pact with units of Diamond offshore about settlement of outstanding claims under drilling contracts and diamond settlement pact

* Niko Resources Ltd- Under 2016 settlement agreement, Niko has agreed to pay to diamond a cash settlement amount

* Niko Resources-Under 2016 settlement pact, Co has agreed to make future payments to Diamond equal to 20 percent of amounts to be retained by Co Source text for Eikon: Further company coverage: