Ramba Energy on Tuesday denied that it had sold its 70 percent stake in the Jatirarangon block in Bekasi, West Java, saying that the company had not made any decision regarding offers from interested parties.
The company’s non-executive chairman, Tan Chong Huat, said that while it had been approached by several parties interested in the stake, it had neither entered into any discussion nor accepted any offer or proposal from any of them.
“The company will make further announcements to inform shareholders of any updates when necessary,” Tan says in a statement sent to The Jakarta Post on Tuesday.
As reported earlier, Petross Energy said it had bought Ramba’s stake in the Jatirarangon block. The company said that the signing of the conditional sales purchase agreement (CSPA) will be conducted in the second week of this month.
The block produces 6.8 million standard cubic feet of gas per day (mmscfd) and 80 barrels of oil per day (bpd).
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