Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/niko-resources-expands-acreage-in-trinidad.shtmlNiko Resources expands acreage in Trinidad
Niko Resources Ltd. report that the Trinidad and Tobago Government has approved the assignment to Niko of an interest in the Mayaro-Guayaguayare Bay block.
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Niko Resources Ltd. report 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 2block 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 will operate and hold a 70% interest. The block covers 55,000 acres and is located in water depths of less than 25 meters.
