09:56 AM EST - Niko Resources Ltd. : announced that the Trinidad and Tobago Government has approved the assignment to Niko of an interest in the Mayaro-Guayaguayare Bay block. The MG Block lies just offshore of the southeast corner of the island of Trinidad and is adjacent to Niko's 2(ab) block to the northeast and Niko's Guayaguayare block to the southwest. The block lies between the onshore Beach, Navette, and Balata East producing oil fields and the offshore Galeota producing oil field. Niko Resources Ltd.
shares T.NKO are trading down $0.79 at $44.09.
