offshore) is 33% owned by Niko and contributes approximately 3% of total revenue (as of June 2011). D6 block in India (10% interest, production began in September 2008) - Although a major natural gas producer the company has recently been negatively affected by 5 year fixed price contracts. The D6 block was the largest natural gas discovery in company history, currently it also includes a gas processing plant (the block also includes the MA oil fields). Mining licenses expire in 2028. Contributed 85% of revenue in the quarter ended June 2011. Natural gas produced is purchased under long-term contracts and sold on the spot market. D4 Block (15% interest, controlled by Reliance Industries 85%) - located in the Orissa Basin it covers over of offshore land. Reserves at D4 are estimated to be double those at D6. NEC25 (10% interest, 90% by Reliance Industries) - covers over offshore in the Bay of Bengal. TRINIDAD Trinidad (Trinidad and Tobago is the largest exporter of Liquid Natural Gas to the USA) - five of the nine oil fields Niko owns interest in are controlling interests up from just two (Guayaguayare shallow (65%) and deep horizon (80%)) in 2009. In June 2011 Niko acquired a 25% interest in oil block 5C (covers 325 km2) from Canadian company Sonde for $75.5 million cash making Trinidad a core area for the company. In Trinidad exploration licenses are issued as production sharing contracts (PSC's). KURDISTAN Kurdistan - Niko has few interests in the Kurdistan region of northern Iraq. Mid 2010, drilling activities were going on & potential test is yet to be done. MADAGASCAR Madagascar - Few interests in Morondava basin. Production Averaged over the 2011 fiscal year (ended March 31) production was 294,765 Mcf (49,127 boe)/d due entirely to new production from the D6 block (oil increased 97% to 2784 bbls/d (9.4% of total), gas increased 22.3% to 278,060 Mcf (46,343 boe)/d (94.3% of total). In the first half of 2010 daily production averaged about 50,751 boe/d (93.9% natural gas, based on conversion ratio of 6000 cubic feet:1 boe) up 61.67% when compared to the first half of 2009 (31,393 boe/d, 96.1% natural gas). Contribution from the D6 block in India is largely the reason for the higher numbers (the D6 block also helped revenue because of higher realized prices there). Criticism Between 2003 and 2006 Niko was involved in a corruption scandal involving the