Vital Resources, Benchmark Energy scout for Indonesian oil, gas projects

Calgary-based firm Vital Resources Corp. announced on Tuesday it had entered into a working agreement with Benchmark Energy Corp., in the search for Oil & Gas projects in Indonesia.

The agreement, a Joint Participation in project sourcing and funding, whereas Benchmark has identified and investigated several oil and gas projects within Indonesia and Vital Resources wishes to review and evaluate these projects while prospecting will continue for other opportunities," the company said.

Vital Resources Corp. will continue sourcing and reviewing a number of projects in Indonesia as well as Southeast Asia regions which meet our requirements; onshore, existing production, good potential for further discoveries, politically stable, good infrastructure, it said. (alex)