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Boustead consortium to acquire Triangle Energy's Pase production sharing contract in Aceh

SINGAPORE (Nov 9): Boustead Singapore as part of a consortium with One North Energy Private Limited and Lamara Energy has agreed to acquire Triangle Energy (Global)’s 100% interest in the Pase Production Sharing Contract in Aceh, Sumatra, Indonesia. The consortium has agreed to the purchase consideration of US$3.9 million ($5.5 million). Boustead will have a shareholding of 83% of the consortium, which will incorporate a Singapore entity for the purposes of the acquisition in the future. ....

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