Canada's Niko Resources posts tenth straight quarterly loss

Reuters

Nov 15 (Reuters) - Canadian oil and gas producer NikoResources Ltd reported its tenth straight quarterlyloss and said it might not be able to meet its currentliabilities and exploration commitments.

The company said it had a working capital deficiency of $110million as of Sept. 30.

Niko Resources also said it would sell some non-core assetsin India and Trinidad.

The company's net loss widened to $149 million in the secondquarter ended Sept. 30 from $28.6 million, a year earlier.

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