Niko Resources is a gas and oil exploration company based in Canada. The company specializes in exploration and development in South Asia mostly in India, Bangladesh, Pakistan, Kurdistan, Madagascar, and Indonesia.
Niko Resources purchased Black Gold Energy in December 2009. Black Gold is involved in the Indonesian gas and oil sector. Niko used convertible debenture to purchased Black Gold. Temasek Holdings purchased all of the bonds for $310 million. The convertible debenture credit facility matures in 3 years, bears a coupon rate of 5.0% and provides for a conversion price of Cdn. $110.50 for each common share. Temasek used their fully owned subsidiary to carry out the transaction, Maju Investments.
The Government Pension Fund of Norway held a 0.51% stake in the company as of December 31, 2009. The stake is valued at $23,715,336.
|December 31, 2009||0.51%||0.51%||$23,715,336|