Elnusa: Monthly exploration report-Sept. 2008

(14 October 2008)--Bangkanai Block PSC is located in Bangkanai, Central Kalimantan. The block originally awarded by Government of Indonesia in December 2003, for 30 years contract to Elnusa Bangkanai Energy Ltd (EBE).

Currently, the Company holds 100% shareholding in EBE. Through farm in agreement, EBE currently holds 50.01% working interest (WI) in this block.

Exploration Activities
- Drilling Activities ? None
- Result-None
- Next Plan: Preparation to drill an exploratory well, Sungai Lahei-1 and Preparation to do the 2D seismic Acquisition and Processing, continue to build explosive bunker for seismic activity.
- Cost US$6,000. (end of release)