Ramba

Ramba: Completion of deepening of JRR-1 production well at the Jatirarangon TAC located in Java, Indonesia. The well has produced up to 5.5 MMSCFD of gas and 265 BOPD of oil since completion of deepening work. Share price of Ramba had been lacklustre after the conditional partial offer of 51% was made by Sugih Energy @ $0.65/share on 6 Sep. The offer document should be released before 27 Sep (21 days from offer announcement).