Ellsworth appointed interim CEO of Niko Resources
Niko Resources Ltd., Calgary, named Christopher H. Rudge chairman and Robert S. Ellsworth Jr. interim chief executive officer after the resignation of Kevin J. Clarke.
Clarke held both titles for nearly 2 years (OGJ Online, Oct. 8, 2014). Rudge has served on the Niko board since September. Ellsworth joined the board in March.
Earlier this week, the company said an amendment to its senior term loan facilities agreement means it is no longer in default (OGJ Online, Mar. 15, 2016).
Niko also said Bangladesh Oil, Gas & Mineral Corp. (Petrobangla) has not complied with a payment claim by Niko Resources (Bangladesh) Ltd. for gas deliveries. Niko said a decision by an international tribunal provides for the immediate payment of about $35 million.