Lion Energy reports Bula operations update
Wednesday, April 6 2005 - 03:56 AM WIB
Australian company Lion Energy Limited said Wednesday that on April 2nd 2005, the loading of 57.040 barrels of crude oil was completed from Bula Block oilfields in Maluku Province.
Lion said its wholly owned subsidiary Kalrez Petroleum (Seram) Limited entitlement is 87.1428 percent of the lifting, after deducting transports charges.
The March ICP price for Bula crude was US$ 43.02 per barrel, Lion added.
Kalrez operates Bula block with 100 percent of working interest. (dino)