The company revealed it had beenawarded a 95% operated stake in Sakti PSC off the coast of East Java,Indonesia, with Golden Heaven Jaya holding the remaining 5% interest.
The PSC carries an initial three-yearterm which will require KrisEnergy to shoot 1200 kilometres of 2Dseismic and drill at least one exploration well.
"Sakti is a good fit with our gasaggregation plans to supply the thriving East Java market,”KrisEnergy's director of business development, Richard Lorentz, said.
“The
