SINGAPORE (Yosefardi) – KrisEnergy Ltd., an independent upstream oil and gas company, has today, with Neon Energy and Natuna, executed a deed of assignment to formalise and effect the transfer of Neon Energy’s 42% working interest of Tanjung Aru PSC, Indonesia, to KrisEnergy.
This was made pursuant to the default and subsequent withdrawal of Neon Energy.
The completion of such transfer is pending government approval. Upon completion, KrisE
nergy will hold 85% working interest in Indonesia Tanjung Aru PSC.