03:54 PM EST - Niko Resources : Thursday announced reserve evaluations for its assets in India, Trinidad and Tobago, and Bangladesh. Highlights included a 160% increase in total proved reserves to 550 Bcfe, resulting in a proved reserve replacement ratio of over 700%. As well, the evaluation shows a 110% increase in total proved plus probable reserves to 800 Bcfe, resulting in a proved plus probable reserve replacement ratio of more than 850%. Niko Resources
shares T.NKO are trading up $0.79 at $8.40.
