KrisEnergy

KrisEnergy: Neon Energy (25% partner in Blocks 105 and 120, Vietnam) was issued default notice of outstanding unpaid cash calls amounting to US$22.1m. 30 days have since passed, hence Neon has to withdraw from the partnership. Neon Energy’s 25% working interest will be transferred to Eni (partner) and KrisEnergy, which will see their stakes rise to 66.66% and 33.33% working interest in these working areas.