10:07 AM EST - Niko Resources Ltd. : announced that it has reached an agreement with Statoil ASA in which Statoil, through its subsidiaries, will become a joint venture participant in the North Makassar Strait, West Papua IV and Halmahera-Kofiau Production Sharing Contracts (PSC) in Indonesia. As a result of the agreement, Statoil will earn a 40% working interest in each PSC. The transfer of interest is pending approval by the Government of Indonesia. Niko Resources Ltd.
shares T.NKO are trading up $0.87 at $73.96.
