Author: Hatman Bintang

Challenger Place Out Shares for Indonesian Coal Project

Posted by | January 5, 2012 | , , | 0 |

CALGARY, Indonesia Today ??? Challenger Deep Resources Ltd is offering $800,000 private placement to support its Indonesian coal project. ?? Challenger offers up to 2.67 million units at price of CA$0.3 per unit. Each unit comprises one common share and one share warrant. Each warrant entitles the holder to purchase additional share at CA$0.40 for two years period. The proceeds will be used for permitting of Challenger???s Tabang Coal Project in East Kalimantan for the investigation and acquisitions of additional Indonesian coal exploration project and for general purposes. Challenger Deep Resources Corp. is an exploration company focused on the Indonesian coal industry. Challenger’s business plan is to acquire, explore and to bring its viable coal projects into production. Challenger has an experienced Indonesian exploration and mining team with offices in Calgary, Singapore and Jakarta....

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CBM Asia Might Build Small LNG Plants

Posted by | January 5, 2012 | , , | 0 |

TORONTO (Indonesia Today) – CBM Asia Development Corp is in discussion with engineering companies on the possible deployment of small scale LNG facilities of 250,000 tons per annum in Indonesia.?? CBM Asia said the small scale facilities will supply the growing need of small LNG contracts for regional power and trading companies.?? The company said CBM supplies from BP’s Sanga-Sanga PSC to existing large facilities such as Bontang LNG plant has been ongoing since March 2011.?? CBM Asia currently has working interests in South Sekayu (26%), Central Hulu (70%), Kutai-West (18%), and Kutai Besar (70%). The company also owns 80% interest in Barito Kuala Kapuas I PSC and in the process of arbitration on Kutai II block. (bintang@theindonesiatoday.com) ??...

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Lofin-1 ST Exploration Well Records Oil Shows

Posted by | January 5, 2012 | , , | 0 |

SYDNEY (Indonesia Today) – The LOFIN-1 ST exploration well on Seram Island in eastern Indonesia has reached a depth of 4,383 meters MD with trace oil shows encountered in the drilling mud across a cumulative internal of 117 feet of the 379 feet of open hole Manusela Formation.?? Lion Energy informed ASX Friday (Sept 21) that the first trace oil show was encountered at 4,267 meters and shows have continued intermittently to the current total depth.?? “The current operation is running DST string into the well to conduct open hole drill stem test across the open hole Manusela Carbonate Formation,” Lion said. Lion has retained a 2.5% shareholding in the Seram (non-BUla) block renewal production sharing contract. The major shareholder and operator of the JV is CITIC Seram Energy (51%). Other partners include KUFPEC (30%) and Gulf Petroleum Investment (16.5%). (bintang@theindonesiatoday.com)...

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Keller Williams Expands into Indonesia

Posted by | January 5, 2012 | , , | 0 |

AUSTIN (Indonesia Today) – Keller Williams Realty Inc, the second largest real estate company in the United States, has decided to expand in Indonesia. “We are excited to see how we’ll thrive in the Indonesian market with the support of our new Keller Williams partners,” said Tony Eddy, one of new KW Worldwide teams.?? Eddy, according to KW Realty Inc, is chairman and CEO of Tony Eddy & Associates with more than 14 years in the real estate project marketing consulting business, covering the Jakarta and Bali markets. Keller Williams claimed to have 675 offices and almost 77,000 associates across the globe. Other than expanding into Indonesia, the company also announced its expansion into South Africa.?? “Preparations for the newest international market centers are already underway and are located in Pretoria, South Africa and Jakarta, Indonesia,” the company said....

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CFS Competes in Paiton Project

Posted by | January 5, 2012 | , , | 0 |

JAKARTA (Indonesia Today) – Carbon Friendly Solutions Inc. (CFS) has received written confirmation from PT Pembangkitan Jawa Bali (PT PJB PLN) that its bid to design and install a MicroCoal facility at the 400MW coal-fired power plant in Paiton, East Java meets all regulatory standards and requirements and can now be advanced to the first qualification stage. “CFS is currently working closely with the an experienced Indonesian government contractor, PT Citicon Adinugraha to start analyzing data specific to the Paiton Plant and to prepare a more comprehensive construction and installation proposal,” the company said. Currently, there are only 10 other companies whose bids for the Paiton Plant project have been cleared to the qualification stage. Based on information provided by PT PJB, CFS is the only company among the cleared bidders that utilizes microwave technology as opposed to conventional steam and other thermal drying systems. CFS views this as a significant advantage and optimistically looks forward to the next round in the Paiton Plant bidding process. CFS, through its subsidiaries Denver-based MicroCoal Inc, Vancouver-based Global CO2 Reduction Inc., and Polish Carbiopel S.A., is focused on the development of clean energy technology, renewable energy and forestry projects....

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