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Apart from some pretty serious sport sanctions, we also can ban you and report you if things get out of hand.So play fair and have fun, and thanks for your contribution.oil and gas E&P company focused on Indonesia, with two conventional PSC's.One M capped oil and gas producer and explorer is just a few days away from spudding a well offering near term production potential in a highly prolific onshore hydrocarbon region of Indonesia.
The well is within the company’s South Block A PSC (40.7% net to this company), will be drilled to a depth of 530m, and will target sandstone reservoirs which have delivered over 600 mmbbl of oil, 2.2 tcf of gas, and 50 mmbbl condensate in close proximity.
LIO looks to be bucking this trend, viewing Indonesia as an opportunity-rich country in which social and economic climates are positively aligning.
LIO has a mixture of conventional and unconventional projects located close to world renowned conventional oil and gas deposits in the most resource rich reserves per sq km in the Asia-Pacific region.
With energy demands increasing for both oil and gas in Indonesia, and with the current global climate buoyed by OPEC’s decision to cut oil production for the first time in eight years , this company is well located to supply the local market should its portfolio of prospects progress further. position by 2030 with a GDP of US2BN (AU63BN).
Yet as it stands, Australia does little business with its neighbour.