Sonoro Energy Provides an Update on Activities in Indonesia

Source Press Release
Company Sonoro Energy Ltd. 
Tags Strategy - Upstream, Strategy - Corporate, Upstream Activities
Date October 30, 2018

Sonoro Energy Ltd. ("Sonoro" or the "Company") (SNV) announces that the Joint Cooperation with an affiliate of one of the largest private companies in Indonesia, submitted a bid for the Selat Panjang production block in the conventional Oil and Gas 2nd Bidding round on October 12, 2018.

Local news reports have indicated that the Indonesian Ministry of Energy and Mineral Resources, will retender the block within the next two weeks. The Joint Cooperation will carefully review the tender requirements and procedures set by the Government of Indonesia for the forth coming 3rd bidding round.

Mr. Chris Atkinson, CEO of Sonoro commented that "Sonoro through the Joint Cooperation continues to be interested in the block and we look forward to assessing the terms of the 3rd bidding round in order to progress our bid for the Selat Panjang assets". The Joint Cooperation is also continuing its efforts to have the Budong-Budong PSC reinstated.

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