PT Leo Investments, an Indonesian investment company, said it plans to buy PT Permata Selaras Mandiri, which operates three oil and gas drilling rigs. Leo and Permata Selaras owner, Harun Abidin, signed a memorandum of understanding for the planned purchase today, Leo said in a statement filed to the Indonesia Stock Exchange. The three rigs have a book value of about $16 million.
Wednesday, October 7, 2009
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