12:10 PM EST - Niko Resources : said a unit of Hess Corp will become a partner in one of the company's production sharing contract in Indonesia. As a result of the farmout, Niko will operate with a 57.5% interest and Hess will earn a 42.5% working interest in the PSC. The transfer of interest is pending approval by the Government of Indonesia. Niko Resources
shares T.NKO are trading down $0.92 at $52.00.
