The operator has increased the estimate of initial gas in-place reserves for Block D6 to 10.45 trillion cubic feet in which Niko has a 10% working interest. This updated gas in-place figure does not include volumes attributed to the last two wells (D1 and A2) but only the first six wells drilled on the block. DeGoyler & MacNaughton will integrate results of the last two wells for the final reserves certification report.
The current exploration program has evaluated less than 16% of the total D6 Block area. A 2,500 square kilometer 3D seismic survey will be shot in October 2003, which will provide the basis for a second exploration drilling campaign.
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