Author: Equicom

MNK (Non-Conventional) Kisaran PSC Awarded to Bukit
First Industry Unconventional Tight Oil and Gas PSC in Indonesia

June 19, 2014

Bukit Energy and partners New Zealand Oil & Gas and Pacific Oil & Gas have been awarded the first industry unconventional Production Sharing Contract for shale gas in Indonesia. This contract underlies our existing conventional Kisaran PSC in Central Sumatra, which contains the Parit Minyak light oil discovery, and includes contract terms and tenure for both shale and tight sand reservoirs. This award marks a major step towards the development of Indonesia’s unconventional oil & gas business, and positions Bukit at the forefront of this emerging industry.

Bukit Energy Press Release
March 14, 2014

Bukit Energy Announces New CEO

Bukit Energy Inc. announces the appointment of Sean Guest as the company’s new chief executive officer.

Guest was most recently the CEO of Pexco Energy, a privately held southeast Asian exploration and production company that held assets in Indonesia, Malaysia, Australia and East Africa. Pexco had production of just under 10, 000 boe per day during Guest’s tenure and he led efforts to successfully develop the Budi oil field in South Sumatra. Guest has held senior roles with Shell and Woodside Petroleum Ltd. and has lived with his family throughout Southeast Asia including in Jakarta.

Bukit Energy is an onshore Indonesian focused exploration and production company that has a portfolio of conventional and unconventional land assets. “The addition of Mr. Guest aids Bukit in its progress from land capture and initial drilling to development drilling and transaction driven growth, ” the company said in a news release.

Jerry Sykora, Bukit’s departing CEO, will be staying with the company as its president and continuing to serve as a member of its board of directors.

© 2014 Copyright Nickle’s Energy Group. All rights reserved.

 

Bukit Energy Palmerah Baru Pte. Ltd. and partners NZOG Palmerah Baru PTY Ltd. and PT Surya Selaras Sejahtera have been awarded the Palmerah Baru Contract in South Sumatra. The contract, signed in Jakarta on February 26th 2014, is a 30 year contract and Bukit Energy will be operator. The Palmerah Baru Block lies adjacent to the major producing acreages of Corridor and Jambi Merang in an area with over 1.5 billion BOE of discoveries and currently producing 200,000 BOEPD.

Bukit Energy Press Release
October 17, 2013

Bukit Energy Closes Private Placement

Privately-held Bukit Energy Inc. says it has successfully closed a brokered private placement of Series B convertible preferred shares and closed its warrant amendment offer to its warrant holders for gross proceeds of $13.17 million.

The private placement was completed at a price of $1.25 per Series B share and the amended warrant terms afforded an effective $1.25 exercise price per Series B share. Each is convertible into one common share of Bukit at a value of $1.25 per common share, subject to certain adjustments and additional rights and restrictions attached to each Series B share.

Calgary-based Bukit, which has an operations office in Jakarta, Indonesia, said it intends to use the proceeds of this financing to continue its onshore Sumatran drilling program and to further advance its targeted conventional and unconventional land capture. Through its wholly owned Singapore subsidiaries the company holds interests in the Kisaran, Mahato and Bohorok production sharing contracts and various other conventional and unconventional Indonesia joint study agreements.

Macquarie Capital Markets Canada Ltd. acted as sole agent for the brokered private placement.
© 2013 Copyright Nickle’s Energy Group. All rights reserved.

Bukit Energy – Bukit CEO presents at Asean Energy Business Forum
September 24, 2013

Bukit CEO presents at ASEAN Energy Business Forum in Bali on September 24th

SE Asian Energy Ministers and invited CEOs at the ASEAN Ministers/CEO Dialogue.

Download Gasification of Western Indonesia (PDF)

Bukit Energy – issue date of 13th July 2012
July 13, 2012

I’m pleased to announce that on July 6th 2012 at our Calgary Board of Directors meetings, Mr. Don Hansen was appointed Chairman of the Board for Bukit Energy Inc.

Don brings a wealth of experience in value creation in oil & gas companies in both Alberta and internationally and will be a significant contributor to Bukit Energy’s ongoing strategy and continued growth.

Please join me in welcoming Mr. Hansen into this position.

Regards,

Jerry Sykora
CEO & Managing Director
Bukit Energy Inc.

Bukit Energy – Bohorok and Mahato PSCs signed
July 11, 2012
Bukit Energy entered into two oil and gas Production Sharing Contracts in Jakarta on July 11th.

Bukit Energy will operate the Bohorok PSC in North Sumatra with a 45% working interest. Bukit Energy (37.5% working interest) will partner with Central Sumatra Energy in the Mahato PSC in Central Sumatra
July 2012 PSC Signing Ceremony in Jakarta

 

Regards,
Jerry Sykora
CEO & Managing Director

Bukit Energy Inc.

Bukit Energy Press Release
June 7, 2012

Bukit Energy Closes Financing

Bukit Energy Inc.  has closed its brokered and non-brokered private placement and Series A convertible preferred shares for gross proceeds of $16.16 million.

The offering was completed at a price of $2.25 per share.

Each preferred share is convertible into one common share of Bukit at a value of $2.25 per common share, subject to certain adjustments and additional rights and restrictions attached to each preferred share.

Bukit intends to use the proceeds of this offering to continue its pursuit of onshore liquids-rich opportunities in Indonesia, with a focus on Sumatra. The company conducts its operations in Indonesia through its wholly-owned Singapore subsidiary, Bukit Energy Indonesia Pte. Ltd.

Macquarie Capital Markets Canada Ltd. acted as the agent for the brokered portion of the offering.
© 2012 Copyright Nickle’s Energy Group. All rights reserved.

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.
© 2011 Copyright Nickle’s Energy Group. All rights reserved.