Home appliances minnow eyeing stake in oil, gas fields
Friday, May 23 2008 - 01:39 AM WIB
IDX-listed home appliances minnow PT.Arona Bina Sejati is in talks to buy stake in PT.Lekom Maras, a company that has stake in oil, gas fields in South Sumatra and West Java, Bisnis Indonesia reported on Friday.
Lekom maras has 50 percent interest in Pendopo JOB, an oil field with production of 2,100 BPD in South Sumatra and 30 percent in Cirebon TAC,a gas field in West Java with production of 2MMCFD. State oil, gas company Pertamina is the owner of the fields. (*)