CENTENNIAL ENERGY PARTNERS, L.L.C.
TSX : NKO

October 17, 2005 16:38 ET

Centennial Energy Partners, L.L.C.: Announcement

NEW YORK CITY, NEW YORK--(CCNMatthews - Oct. 17, 2005) - Centennial Energy Partners, L.P., Hoyt Farm Partners, L.P., Quadrennial Partners, L.P., Centennial Energy Partners V, L.P., Centennial Energy Partners, L.L.C., and Peter K. Seldin (collectively the "Reporting Persons") announce that they acquired 100,000 common shares of Niko Resources Ltd. today through the facilities of The Toronto Stock Exchange. Centennial Energy Partners, L.L.C. is the General Partner of Centennial Energy Partners L.P., Hoyt Farm Partners, L.P., Quadrennial Partners, L.P and Centennial Energy Partners V, L.P. Mr. Seldin is the Managing Member of Centennial Energy Partners, L.L.C.

The purchase by the Reporting Persons of common shares of Niko Resources Ltd. is for the purpose of investment. As a result of their normal course purchases, the Reporting Persons currently own in the aggregate 3,841,740 common shares of Niko Resources Ltd., representing 10.0% of the issued and outstanding common shares. The Reporting Persons may continue to purchase common shares of Niko Resources Ltd. for investment purposes, depending on the market conditions for shares of Niko Resources Ltd. and other factors.

Contact Information

  • Centennial Energy Partners, L.L.C.
    Peter Seldin
    (212) 753-5150