home > about

The Company has a number of key strength’s and competitive advantages which benefits all Stakeholders:

Asset Portfolio

  • The North Sokang PSC covers 1,095 km²  in the highly prospective and proven  East Natuna  gas basin:
    •  A discovered gas field (Dara East) in the North Sokang PSC with 911 Bscf (P50) of recoverable sales gas based on a Competent Persons Report (CPR) prepared by a 3rd Party supported by a Preliminary Plan of  Development prepared by a 3rd Party confirming robust economics utilizing:
      • A total of 23 wells;
        • 18 off platform wells
        • 5 off Subsea tie-back wells
      • 6 normally unmanned Well Head Platforms;
      • Infield flowlines and umbilicals;
      • Central Processing FPU (owned and operated by others); and
      • Tie-in to main Export Trunkline to WNTS (owned and operated by others)

An alternative development concept exists which involves replacing the FPU & Pipeline with a FLNG facility (owned and operated by others).

A CPR completed by a 3rd party which certifies unrisked Dara East Near Field P50 gas resource of 1,171 Bscf and Outside Dara East Structure of P50 gas resource of 9,946 Bscf;

  • One PSC, North Ganal PSC, which covers 120,000 gross acres in the highly prospective and proven East Kalimantan/Kutei gas basin:
    • A discovered gas resource (Lebah-1) which could be tied into the Jangkrik gas field development at a later date;
    • A largely carried well (US$13 mm carry) on a future exploration well which will likely be targeting updip potential in Lebah or Middle Miocene sands to be drilled in late 2019;
    • A reputable and proven Operator, Eni who manages the North Ganal PSC along with JV partners, Neptune and BPE.

Shareholders, Investors and Management

  • Founding Shareholders and an Investor group with the pre-requisite experience, track record and  leadership to successfully execute the Company’s business plan;
  • Senior personnel, advisors and consultants with proven exploration success in deepwater and shallow water exploration portfolios;
  • Directors with wide ranging expertise and a proven Indonesian track record in business development, exploration, gas marketing, Government relations, financing, accounting, tax, M&A and internal controls;
  • An extensive network of Indonesian Government and industry contacts to be utilized in developing the Company;
  • Former or existing reputable Joint Venture partners to assist in funding and evaluating existing and new exploration opportunities e.g. Eni, Ophir, Neptune, Equinor, and AWE.

Financial Capabilities

  • Investors who are globally recognized and financially capable of supporting future operations and activities;
  • A proven financial track record with over 8 years of operations having directly or participated via a Joint Venture in the drilling of five offshore exploration wells.