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As a result of the acquisition, Niko will hold an aggregate 37% net working interest in the Qara Dagh production sharing contract.
Niko has completed the acquisition and processing of the initial 2D seismic survey. Preliminary evaluation of the seismic data identifies a 60km subsurface structure extending almost the entire length of the block. Analysis of the seismic data is underway and the first drilling location is being selected.
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