RE: Patchy News ?10 Dec 2018 11:35
Be nice to know what happened to NIKO, from 3rd Sep RNS
As previously announced on 25 May 2018, the Company has successfully secured funding for the drilling (by way of well sidetracking) of the Niko-1 well in Taribani to a target Zones 9, 14, 15 with intention of producing these zones together.  Negotiations are in progress to amend the Niko-1 well funding contract such that it allows the Niko-1 well to be sidetracked/drilled and completed in Zone 19 and subsequently tested and produced in a similar manner as Taribani well T-39.  The Company will provide an update in due course regarding final outcome.