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

Asset Portfolio

  • a well developed highly prospective Indonesian oil and gas exploration portfolio  consisting of 6 PSC’s with a large footprint of 6,900,000 acres of gross undeveloped acreage with over 15,497 kms of 2D and 11,950 sq kms of 3D seismic in proven hydrocarbon basins with near term drilling of at least seven exploration wells over the next 12 - 36 months;
  • exploration assets which can be easily monetized/ developed if successful, due to the proximity of existing infrastructure which provides ready access to export and domestic oil and gas markets (Bontang and Bintulu LNG plants, the West Natuna and East Java pipelines);
  • a significant oil and gas exploration portfolio located in a stable environment, Indonesia, which has been active in the sector for over 125 years and provided a sustainable, secure and profitable environment for investors whilst being integrated into its economy;

Shareholders, Investors and Management

  • founding shareholders and a investor group with the pre-requisite experience, track record and  leadership to successfully execute the Company’s business plan;
  • senior exploration personnel, advisors and consultants with proven exploration success in deepwater and shallow water exploration portfolios (Northeast Kalimantan and East Java);
  • a technical exploration team comprising of employees, consultants and investors with an extensive knowledge of Indonesian petroleum systems and associated technologies needed to be applied;
  • an executive management team with wide ranging expertise and a proven Indonesian track record in business development, exploration, gas marketing, government relations, financing, accounting, tax and internal controls;
  • an extensive network of Indonesian government and industry contacts to be utilized in building the Company;

Financial Position

  • a largely fully funded exploration program consisting of at least 7 wells over the next 12- 36 months (as a result of completing two private placements totaling $92 million in addition to founding shareholder contributions of $11 million);
  • farm outs on a number of its existing assets generating carried interests of over $30 million and has other farm-out opportunities in the asset portfolio available to generate further value and/or cashflow whilst still retaining significant value and reducing risks;
  • existing reputable joint venture partners to assist in funding and evaluating existing and new exploration opportunities;
- ENI - MITRA ENERGY
- NIKO RESOURCES          - GDF SUEZ
- AWE - STATOIL