News Column

Niko Reports Results for the Quarter Ended December 31, 2012

Page 38 of 41

----------------------------------------------------------------------------(thousands of U.S. dollars)                    Nine months ended Dec 31, 2012----------------------------------------------------------------------------                                                                      Other            Natural                                                 income/               gas,                    Produc-    Deple-    Explo-   (loss)            conden-                       tion      tion    ration       on               sate   Profit               and       and       and    short                and   petro-            opera-    depre-   evalua-    -term                oil     leum  Royalty     ting   ciation      tion  invest-Segment       sales  expense  expense  expense   expense   expense    ments----------------------------------------------------------------------------Bangladesh   41,273  (13,969)       -   (6,853)  (10,724)     (180)       -Brazil            -        -        -        -         -    (7,292)       -India       148,628   (9,083)  (7,554) (19,304) (100,877)     (441)       -Indonesia         -        -        -        -      (148)  (82,208)     311Kurdistan         -        -        -        -         -    (2,185)       -Madagascar        -        -        -        -       (21)   (1,025)       -Pakistan          -        -        -        -        (4)     (629)       -Trinidad          -        -        -        -       (96)  (55,633)       -Canada          388        -       11     (253)     (727)   (1,639)       -All other         -        -        -        -         -         -     (558)----------------------------------------------------------------------------Total       190,289  (23,052)  (7,543) (26,410) (112,597) (151,232)    (247)--------------------------------------------------------------------------------------------------------------------------------------------------------(thousands of U.S. dollars)                   Nine months ended Dec 31, 2012----------------------------------------------------------------------------               Share-               General                based                   and                Income              compen-      Asset   adminis-       Net         tax   Segment               sation    impair-    trative   finance (reduction)    profitSegment       expense       ment    expense   expense   / expense    (loss)----------------------------------------------------------------------------Bangladesh          -          -          -         -           -     9,547Brazil              -          -          -         -           -    (7,292)India               -          -          -         -      (1,278)   10,091Indonesia           -    (16,281)         -         -      19,387   (78,939)Kurdistan           -    (38,919)         -         -           -   (41,104)Madagascar          -          -          -         -           -    (1,046)Pakistan            -          -          -         -           -      (633)Trinidad            -    (12,630)         -         -           -   (68,359)Canada              -          -          -         -       7,473     5,253All other      (8,011)         -     (4,990)  (28,363)          -   (41,922)----------------------------------------------------------------------------Total          (8,011)   (67,830)    (4,990)  (28,363)     25,582  (214,404)--------------------------------------------------------------------------------------------------------------------------------------------------------(thousands of U.S. dollars)                    Nine months ended Dec 31, 2011----------------------------------------------------------------------------                                                                      Other                                                                    income/            Natural                    Produc-    Deple-    Explo-   (loss)               gas,                       tion      tion    ration       on            conden-   Profit               and       and       and    short               sate   petro-            opera-    depre-   evalua-    -term            and oil     leum  Royalty     ting   ciation      tion  invest-Segment       sales  expense  expense  expense   expense   expense    ments----------------------------------------------------------------------------Bangladesh   42,708  (14,459)       -   (5,998)   (9,190)     (933)       -Brazil            -        -        -        -         -         -        -India       238,708   (5,136) (12,191) (22,981)  (76,215)   (1,146)       -Indonesia         -        -        -        -      (148)  (47,575)   6,453Kurdistan         -        -        -        -       (18)   (2,206)       -Madagascar        -        -        -        -       (20)     (822)       -Pakistan          -        -        -        -        (5)   (1,820)       -Trinidad          -        -        -        -       (61)  (59,641)       -Canada          254        -       (7)    (242)     (368)     (572)       -All other         -        -        -        -        (1)   (1,668)  (6,184)----------------------------------------------------------------------------Total       281,670  (19,595) (12,198) (29,221)  (86,026) (116,383)     269--------------------------------------------------------------------------------------------------------------------------------------------------------(thousands of U.S. dollars)                   Nine months ended Dec 31, 2011----------------------------------------------------------------------------               Share-               General                based                   and                Income              compen-      Asset   adminis-       Net         tax   Segment               sation    impair-    trative   finance (reduction)    profitSegment       expense       ment    expense   expense   / expense    (loss)----------------------------------------------------------------------------Bangladesh          -        (74)         -         -           -    12,054Brazil              -          -          -         -           -         -India               -          -          -         -     (88,015)   33,024Indonesia           -          -          -         -           -   (41,270)Kurdistan           -          -          -         -           -    (2,224)Madagascar          -          -          -         -           -      (842)Pakistan            -          -          -         -           -    (1,825)Trinidad            -          -          -         -           -   (59,702)Canada              -          -          -         -       1,012        77All other     (31,778)         -     (5,763)  (33,202)          -   (78,596)----------------------------------------------------------------------------Total         (31,778)       (74)    (5,763)  (33,202)    (87,003) (139,304)----------------------------------------------------------------------------

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