Robo Enterprises Inc. plans to invest in RI?s oil, gas sector

U.S. oil and gas firm Robo Enterprises Inc. plans to invest in Indonesia?s oil and gas exploration activity, the Neraca daily reported Friday.

The paper quoted visiting company founder and president David G. Rose as saying that the company was currently eying on three point areas out of the 23 point areas offered by the government of Indonesia.

?We are very interested invest in the Makassar Strait area, Riau (province), and Java Island. We think the three areas have good prospects, particularly following the significant oil reserves found in Cepu by ExxonMobil,? he said.

Rose met with Minister of Mineral Resources and Energy Purnomo Yusgiantoro during his visit here.

Robo Enterprises, one of the U.S. leading oil and gas firms, obtain funds for its investment from a limited number of investing partners. The company operates some 2,300 oil and gas wells in the U.S.(*)