11:50 AM EST - Niko Resources Ltd. : has spudded its first offshore well in Trinidad. The Rowan Gorilla III rig is on location at the Stalin prospect, which is the first of three wells planned for Block 2ab located off Trinidad and Tobago's eastern continental shelf. The Stalin-1 well is named after the popular calypso great, Black Stalin. Niko Resources Ltd.
shares T.NKO are trading up $0.10 at $53.10.
