Bukit Energy Press Release
June 15, 2011
Bukit Energy Completes Initial Financing
Bukit Energy Inc. has successfully closed its non-brokered private placement of units for gross proceeds of $16.5 million.
Non-management units were issued for $1 consideration and consist of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share of Bukit at a price of $1.50 for a period of 36 months from closing.
Bukit Energy will use the proceeds of this offering to continue to pursue onshore liquids rich opportunities in Indonesia, with a focus on Sumatra.
Macquarie Capital Advisors acted as advisor to Bukit for the offering. Bukit’s management team includes Jerry Sykora, President and Chief Executive Officer, Tim England, EVP Exploration and Production, Eamon Hurley, EVP Finance and General Counsel, and Gordon Begg, EVP Operations.
Bukit Energy’s corporate office is in Calgary (403-355-0459) and its operations office is in Jakarta. It will conduct operations in Indonesia through its wholly-owned Singapore subsidiary, Bukit Energy Indonesia Pte. Ltd.
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