Salamander completes disposal of interest in two oil and gas blocks
Friday, October 14 2011 - 05:31 AM WIB
UK oil, gas company Salamander Energy Plc, announced that it has completed the disposal of five percent interest in two Indonesian blocks -- the Offshore Northwest Java and Southeast Sumatra PSC's to Risco Energy Pte Ltd.
The UK company holds shares in the blocks through Salamander Energy (Java & Sumatera). The disposal was a follow-up of the two parties? sales and purchase agreement signed on September 2, 2011.
Risco is a Singapore-based energy investment company whose board of directors includes former executives of IDX-listed oil, gas firm PT Energi Mega Persada Tbk Tom Soulsby and Chris Newton. Bob Kamandanu, a trusted executive of conglomerate Ibrahim Risjad also sits on the board. (romel)