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Farm Out Opportunities

Bengkulu PSC

Ecosse Energy (Bengkulu) Pty Ltd is a wholly owned subsidiary of Ecosse Energy Corp and is looking to farmout up to 49% of its 100% interest in the Bengkulu PSC.

The Bengkulu PSC is located on the southwestern coast of Sumatra, and covers an area of 4102 km2  both onshore and offshore. Offshore water depths are generally 150ft or less over the identified prospects. The PSC was signed in October 2005 for a period of 30 years.

The PSC has better than normal production splits – 75/25 (after tax). There is also no cap on cost recovery.

Download our Bengkulu Farm-Out Flyer.

Manokwari PSC

Ecosse Energy (Manokwari) Pty Ltd (formerly Irian Petroleum), a wholly owned subsidiary of Ecosse Energy Corp, is looking to farmout up to 49% of its 100% WI in the Manokwari PSC.

The Manokwari PSC is located on the Bird’s Head peninsula of Irian Jaya, just north of the Tangguh gas fields in Bintuni Bay and covers 3902 km2. The PSC was signed on December 12th 2004 for a period of 30 years.

Ecosse Energy acquired CNPC’s 100% WI in December 2010, and have been granted an extension of four years to the initial 6-year exploration period.

The PSC has better than normal production splits – 75/25 (after tax). The cost recovery pool is currently in excess of $25MM.

This is an opportunity to farm into a proven oil and gas province with excellent potential.

Download our Manokwari Farm-Out Flyer.