Aquarian Gold, W2 form Riau coal liquefaction pact
Thursday, September 18 2008 - 01:41 AM WIB
US consulting firm Kerry Associates said on Tuesday it has received a signed letter of intent on behalf of US energy minnow W2 Energy, Inc. from Toronto-based firm Aquarian Gold Corp. to become an exclusive Joint Venture Partner in Indonesia.
The letter of intent would allow Aquarian to become the exclusive Joint Venture Partner in Indonesia to use W2?s technology to produce liquid fuel from coal.
Aquarian Gold has acquired right to explore for coal in Indragiri Hulu regency, Riau, covering approximately 52,000 hectares of land. (alex)