Oil and gas producer, PT Benakat Petroleum Energy Tbk seeks up to IDR1 trillion funds to finance the due date loan September 12, 2010.
The loan is used for outstanding and interest rate of debt refinancing to the holding company which formerly provided IDR894.3 billion loan facilities, PT Indotambang Perkasa.
The loan is used for outstanding and interest rate of debt refinancing to the holding company which formerly provided IDR894.3 billion loan facilities, PT Indotambang Perkasa.
The Swiss-based finance institution and regional office in Kuala Lumpur usually involved insome corporate actions in Asean. The company also established Tael Capital Sdn Bhd based in Malaysia.
Some corporations or projects done by Tael in Asean include power transmission tower inIndonesia worth US$39 million, steel factory debt financing in Malaysia cost US$220 million, debt financing for Thai's industry tycoon worth US$400 million.
Responding to Elnusa acquisition, the company has enured to finanlize an acquisition of 12.55 percent shares of PT Elnusa Tbk from PT Tridaya Esta early July as from the total of 37.15 percent shares to be taken over.
So far, Benakat has possessed 24.6 percent of Elnusa shares. The other shareholders of Elnusa here include PT Pertamina (Persero) with 41.1 percent ownership, PT Tridaya Esta 12.55 percent, and public 21.75 percent. The target should have been accomplished last month.
This year Benakat allocatedUS$40 million capital expenditure mostly allocated for oil and gas business sector. Benakat also plans to enter coal mining sector.
Relating to oil and gas business, this year Benakat targets to produce 3,000 barrels per day oil which is targeted to reach 6,000 barrels per day next year.
Benakat general meeting of shareholders yesterday agreed the resignation of finance director Michael Rusli. Shareholders appointed Firli Ganinduto as the director and Andi Ach-mad Dara.
GMS also decided not to share any dividend from last year net profits. In 2010, Benakat listed in the bourse early the year targeted to record DIR300billion net profit and DIR1.7 trillion revenues.
Some corporations or projects done by Tael in Asean include power transmission tower inIndonesia worth US$39 million, steel factory debt financing in Malaysia cost US$220 million, debt financing for Thai's industry tycoon worth US$400 million.
Responding to Elnusa acquisition, the company has enured to finanlize an acquisition of 12.55 percent shares of PT Elnusa Tbk from PT Tridaya Esta early July as from the total of 37.15 percent shares to be taken over.
So far, Benakat has possessed 24.6 percent of Elnusa shares. The other shareholders of Elnusa here include PT Pertamina (Persero) with 41.1 percent ownership, PT Tridaya Esta 12.55 percent, and public 21.75 percent. The target should have been accomplished last month.
This year Benakat allocatedUS$40 million capital expenditure mostly allocated for oil and gas business sector. Benakat also plans to enter coal mining sector.
Relating to oil and gas business, this year Benakat targets to produce 3,000 barrels per day oil which is targeted to reach 6,000 barrels per day next year.
Benakat general meeting of shareholders yesterday agreed the resignation of finance director Michael Rusli. Shareholders appointed Firli Ganinduto as the director and Andi Ach-mad Dara.
GMS also decided not to share any dividend from last year net profits. In 2010, Benakat listed in the bourse early the year targeted to record DIR300billion net profit and DIR1.7 trillion revenues.
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