Niko Resources completes C$126.5 million public offering

Date Closed

August 16, 2006

Lead Office

Calgary

Value

126.50 Million CAD

On August 16, 2006, Niko Resources Ltd., an oil and gas corporation engaged in the exploration for, and development and production of, natural gas and oil principally in India, Bangladesh, Canada and Thailand, completed a C$126.5 million public offering of its common shares.

The offering was underwritten by a syndicate of underwriters led by Canaccord Capital Corporation and included FirstEnergy Capital Corp., Orion Securities Inc., Sprott Securities Inc., Wellington West Capital Markets Inc. and Maison Placements Canada Inc.

McCarthy Tétrault LLP advised the underwriters with a team led by Mark Eade that included Paul Airley, Andrea Hatzinikolas, Robert Nearing, and David Phillps.

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