I had missed this post since it came late in day Friday after the close. Wonder if everyone caught this:
kommonsents
Member
Posts: 72
Joined: Nov 2012
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RE: Pertima the NOC of Indonesia, Are they in??
Indonesian interest, says source Blair Price Friday, 17 May 2013 INDONESIAN LNG powerhouse Pertamina is rumoured to have made a bid for InterOil’s Elk-Antelope discoveries in Papua New Guinea.
An industry source said the leading LNG producer and exporter was bidding for a stake of the Elk-Antelope field.
Whether the bid is for an operating or smaller stake is not known. The source said the Indonesian state-owned company needed to import LNG to meet existing export commitments because its production was falling.
There is no other confirmation at this stage and PNGIndustryNews.net’s questions to Pertamina have gone unanswered for a week.
InterOil cannot legally reveal which parties have made bids, but previously signalled they had come from supermajors, and national oil and gas companies.
Pertamina raised $US3.25 billion through an Indonesian record bond issue this week and yesterday announced it signed a production sharing contract for a shale gas block in North Sumatra, with $7.8 billion to be invested over 30 years.
Various reports indicate that at least three supermajors have made bids for an operating stake of the Elk-Antelope field, which underpins InterOil’s Gulf LNG project that targets at least 3.8 million tonnes per annum but has scope for expansion.
Thanks for posting Kommon.