11:48 AM EST - Niko Resources Ltd. : reported its operating and financial results for the quarter ended September 30, 2013. All results in U.S. dollars. Funds from operations for the second quarter of fiscal 2014 were $32 million compared to $15 million for the first quarter of fiscal 2014, benefiting from the cash gain related to the Company's farm-out of a 40% interest in the Grand Prix block in Madagascar and from increased sales volumes. Net loss for the second quarter of fiscal 2014 was $149 million compared to $59 million for the first quarter of fiscal 2014. Niko Resources Ltd.
shares T.NKO are trading down $1.35 at $1.27.
