“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Tuesday, December 15, 2009

EMP plans $196m investment in 2010

The Jakarta Post, Jakarta | Tue, 12/15/2009 10:09 PM

PT Energi Mega Persada (EMP), the nation’s second-largest publicly listed oil company, is targeting capital spending of US$196 million in 2010, derived mostly from a planned rights issue to commence in January.

The rights issue is expected to raise Rp 4.8 trillion ($502 million) in proceeds.

Of that amount, EMP vice president for capital markets Herwin H. Hidayat said Tuesday, $111 million would be used to help finance the company’s capital expenditure, while the rest would come from EMP’s internal cash flow.

“The capital spending will be allocated for operating expenditure for all our operating blocks,” EMP president director Imam P. Agustino said during a public exposĂ© in Jakarta.

He added the company was also looking to acquire more assets in Indonesia and abroad, but did not elaborate.

EMP’s blocks, which include the Kangean block, Malacca block and several others, produce a total of 13,000 barrels of oil per day (bpd) and 88 million standard cubic feet of gas per day (MMSCFD).

“Thirty to 50 percent of the capital expenditure will be spent on the Kangean and Malacca blocks,” Herwin said.

He added the money generated from the planned rights issue “would change the faith of the company” that has seen year after year of losses. (adh)

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