PT Niko Resources Limited, the subsidiary of Alberta-based oil and gas exploration and production company Niko Resources Ltd. (TSX: NKO) was declared bankrupt in July 2016 because the representatives of the company never attended the trial and the meeting of creditors for the entire process of Suspension of Debts Payment (PKPU) that began in January 2016. The creditors, however, still have to remain patient because to date the team of curators has not found any assets that can be used to pay off all of the Company’s debts.To subscribe please click here