Ramba: Co's subsi has completed workover on well at the Jatirarangon Block yielding 0.5m std cubic feet of gas daily vs expected 2.0m as announced on the 3 Nov 2010. In addition co has discovered oil in the deepest formation within the Block…
Further studies and tests are being considered and will be made in consultation with Pertamina before co can determine the true potential of the discovery. Current oil production is approx 90 barrels per day but reserves are unknown. May see some interest in stock upon discovery of oil. Current P/E is irrelevant at 90x
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