Ramba Seeking Partners for Lemang Block

Source: www.gulfoilandgas.com 4/28/2014, Location: Asia

Ramba Energy is pleased to announce that it had appointed Rothschild Indonesia and DMG & Partners Securities as joint advisers to conduct a strategic review of its interest in the Lemang Block, located in South Sumatra, Indonesia. The purpose of this strategic review is to enhance value for the Company and shareholders. Currently, Ramba holds a 51% working interest in the Lemang Block through Hexindo Gemilang Jaya, its local subsidiary.

Following a comprehensive strategic review and robust due diligence process (which are still ongoing), Ramba has received proposals from interested bidders for the acquisition of the minority interest in the Lemang Block. Ramba will continue to evaluate the proposals with the view of selecting the best bid which may eventually lead to the acquisition of the minority interest in Lemang Block.

The Company will make such further announcements to inform shareholders of any updates or developments.


United Kingdom >>  2/29/2024 - Highlights:
- London-based independent upstream company Viaro Energy now has 100% working interest of - Licence P.2593 in the West of Shetland t...

Ivory Coast (Cote D'Ivoire) >>  2/27/2024 - The Board of Directors of VAALCO Energy, Inc. notes the recent media speculation in Africa Intelligence and confirms that the Company is in discussion...

United Kingdom >>  2/27/2024 - Orcadian Energy (AIM: ORCA), the North Sea focused oil and gas development company, is pleased to announce its unaudited results for the six months en...
United States >>  2/27/2024 - RB Global, Inc. (NYSE: RBA) (TSX: RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehi...

United States >>  2/27/2024 - Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported and closed an additional investment in Ector County, Texas adding to cr...
Canada >>  2/26/2024 - Denison Mines Corp. ("Denison") (TSX: DML) (NYSE American: DNN) is pleased to announce that it has completed an acquisition of fixed and mobile MaxPER...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.