JAKARTA (Yosefardi) – PT Mitra Investindo Tbk (MITI), subsidiary of Interra Resources Ltd, mulls to acquire some oil and gas blocks in Indonesia this year.
Interra, affiliated to PT Saratoga Investama Sedaya Tbk (SRTG), is ready to help Mitra Investindo after acquiring 52.46% of MITI shares in August 2014.
MITI plans to raise funds through rights issue scheme and seek banks loan, to funding the acquisition. MITI booked net profit of Rp7.6 billion last year on sales of Rp169.3 billion.