August 11, 2017 / 8:42 PM / a year ago

BRIEF-Niko qtrly net oil and natural gas revenue $5.8 mln

Aug 11 (Reuters) - Niko Resources Ltd

* Niko reports results for the quarter ended June 30, 2017

* Qtrly net oil and natural gas revenue $5.8 million versus $16.4 million

* Niko Resources-‍cash balances at June 30, projected revenue from assets in India not expected to be sufficient to fund requirements over next several months​

* Niko Resources- requested consent from lenders in facilities agreement to use part of funds in restricted cash reserve account to meet cash requirements​

* Niko Resources Ltd- ‍decision from lenders on consent to use a portion of funds in a restricted cash reserve account expected before end of August 2017​

* Niko Resources Ltd- ‍adverse decision from lenders will have a material adverse impact on company’s ability to fund its operations​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below