Talisman ASIA LTD has secured the Andaman III working area.

Consortium of PT Pertamina and Petronas Carigali Overseas Sdn Bhd have secured the West Reed Kambuna working area.

Consortium of Black Gold Energy LLC and Niko Resources Ltd. have secured the three working areas comprising of Halmahera Kofiau, East Bula and West Papua IV.

These companies will explore the areas for a period of three years period. The companies will conduct exploration geology and geophysical studies of $5,500,000, 2D seismic survey along the 9500 kilometers of $8,000,000, 3D seismic survey along the 28,50 kilometers of $25,000, drilling exploration wells and three wells with an investment of $53,000,000. Meanwhile, government will pay signature bonus (signature bonus) of $20,000,000.