Monday, January 18, 2010

Benakat eyes IDR 1 trillion from IPO

PT Benakat Petroleum Energy targeting to raise IDR1 trilion from initial public offering (IPO) and has picks PT Danatama Makmur as a underwriter.
The national integrated energy, plans to have stock listing at the bourse to meet investment and working capital needs.
Benakat focuses on Indonesia energy resource such as oil, gas and coal, and the innovation-based engineering, procurement and construction (EPC).
Benakat cooperates with PT Pertamina-EP through operational cooperation contract (KSO) to manage Benakat Barat block (Blok BB) in Prabumulih, South Sumatra Province. The company targets the block to produce 5,000 barrels per day next year.

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