Jul 22, 2011

Bormindo seals US$4.9 bio contract

Drilling operator PT Bormindo Nusantara, a 60%-owned subsidiary of PT Ancora Indonesia Resources Tbk (OKAS), secured a US$4.98 million drilling contract from PT Chevron Pacific Indonesia.
In an official statement submitted to Indonesia Stock Exchange (IDX) today, Ancora however did not mention about the contract period.
Ancora is scouting a Rp27 billion net profit this year, up from Rp18.9 billion.
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