Niko Resources Extends
Deployment of IDEAS
Materials Management System
to Bangladesh
LIVINGSTON,
NJ – June 17, 2005
IDEAS
International, Inc, a
leading supplier of
financial and logistics
systems to international oil
& gas and automotive
manufacturing operations,
announced today that
Calgary, Canada based Niko
Resources Ltd (TSX:NKO), has
licensed IDEAS international
oil and gas Materials
Management System for it’s
operations in Bangladesh.
Niko is engaged in the
exploration for, and the
development and production
of, natural gas and oil in
the country of India, where
it currently holds interests
in six onshore oil and gas
fields and two offshore
exploration blocks, both of
which have a gas discovery,
and in Bangladesh, where it
currently holds interests in
one onshore gas field and
two onshore exploration
blocks, one of which has a
gas discovery. The Company
also has minor interests in
oil and gas properties in
Canada. The company’s net
proved plus probable
reserves are 194 mbbl’s oil
and 535,000 mmcf gas.
The company expanded its use
of the IDEAS procurement &
logistics solutions to
Bangladesh, having used it
extensively for its Indian
operations. “We are
delighted to announce Niko’s
decision to use the IDEAS
materials management
solution for its Bangladesh
operations” said Peter
Beasley, IDEAS Vice
President. “We’ve worked
with the Niko team to
enhance the IDEAS system’s
capabilities to address the
complex requirements of
Niko’s operations. It’s
good to see our joint effort
bear fruit for Niko’s
needs.”
About IDEAS
IDEAS International, Inc., a
US corporation, is a
multinational software
development company serving
a worldwide client base from
offices in the U.S. and
overseas. Founded in 1982,
IDEAS International has two
decades of experience
providing software solutions
and associated professional
services to world-class
leaders in industry and
government.
About Niko Resources
Calgary-based Niko Resources
engages in the exploration
for, and development and
production of, natural gas
and oil, principally in
India. The company has had
significant exploration
success and is currently
ramping up production.
Contacts
IDEAS International, Inc
Lucie Atamian , Director,
Global Sales
973.993.8000 ext 239
luciea@ideasintl.com
Niko Resources Ltd.
Mark Dantzer
403-262-1020
mdantzer@nikoresources.com
