2010-03-10-2009-12-31-2009-12-31

Bought company, increasing Indonesian assets to 12.1 MM acres.

Niko Resources Ltd., Calgary, (Toronto: NKO) has acquired privately held, Sugar Land, Texas-based Black Gold Energy LLC, a partner in all of its Indonesian operations, for $300 million.

With the acquisition, Niko holds an interest in 12.1 million net exploration acres in Indonesia.

The acquisition was financed largely through a C$310 million convertible debenture credit facility funded and subscribed for by Maju Investments, a subsidiary of Singapore-based Temasek Holdings, and from general corporate funds.

The entire Black Gold team has joined Niko, including former chairman and chief executive Gary Christenson, who is now Niko vice president, Southeast Asia operations.