Investment in oil and gas properties The company is currently evaluating the viability of investing on a oil and gas concession in Indonesia. The concession known as offshore Tarakan is operated by Provident Indonesia Energy, covers an area of 639 square kilometres. On 25th June 2007, Provident had announced that the first exploration well drilled, “Bayan A-1”, had made a discovery. Testing and evaluation of the well are still ongoing. |
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Drilling Rig  “Movie clip-01” (test zone a1 - layer 3 well test.wmv/8.8MB) Test Zone A1 - Layer 3 well test “Movie clip-02” (Bayan A-1.wmv/1.5MB) Gas discovery at “Bayan A-1” (Photographs and movie clip provided by Provident Indonesia Energy) |
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