Chapman completes assessment on Ecosse?s Bengkulu and Manokwari PSC
Friday, August 31 2012 - 01:05 AM WIB
Indonesia-focused Canadian junior exploration firm Ecosse Energy Corp. announced that Chapman Petroleum Engineering Ltd has completed an independent resource assessment of Ecosse Energy's interests in 100 percent held Bengkulu PSC and Manokwari PSC.
The reports, which have been prepared in anticipation of the proposed Admission to trading of the company's shares on the Alternative Investment Market on the London Stock Exchange, support Ecosse?s focus on the two blocks and its drilling program this year and next.
"The resource assessments and resulting risked valuation performed by Chapman endorses the Company's strategy of focusing on our two exciting PSCs. The resource assessments present a compelling case in support of our planned 8-well drilling program in 2012 and 2013,? said President and CEO Alan Morrison, in a statement.
The full resource evaluation reports are available on the Company's website and SEDAR.
Editing by Dadan Wijaksana