Coro Energy (formerly Saffron Energy in Italy) has signed conditional agreements for its 1st Indonesian asset, a 42.5% stake from AWE in the 698-sq km Bulu PSC off East Java for USD 10.96 MM plus re-imbursements of ab. USD 1.04 MM. The block contains the Lengo gasfield, for which an FDP has already been approved by the authorities. Partners-to-be KrisEnergy (op), HyOil, Coro, Satria Energindo + Satria Wijaya Kusuma.
Coro Energy (formerly Saffron Energy in Italy) has signed conditional agreements for its 1st Indonesian asset, a 42.5% stake from AWE in the 698-sq km Bulu PSC off East Java for USD 10.96 MM plus re-imbursements of ab. USD 1.04 MM.