Gulf Indonesia 2Q net 22c a share Vs 5c

Wednesday, August 9 2000 - 05:30 AM WIB

Gulf Indonesia Resources Ltd. (GRL), Jakarta, said it set new revenue records in the second quarter. It said it produced 47,300 barrels of oil equivalent a day in the second quarter compared to 48,500 boe/d a year earlier. In the six months, it produced 47,200 boe/d, up from 47,000 boe/d a year earlier.

The company said it is still in the process of listing its shares on the Jakarta Stock Exchange.

Gulf Indonesia Resources Ltd. (GRL) is an oil and gas company.

Company Web Site: http://www.gulfindonesia.com. (*)

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