Reuters, Mon Apr 5, 2010 7:26am EDT
JAKARTA, April 5 (Reuters) - PT Bhakti Investama (BHIT.JK), an Indonesian investment company owned by tycoon Hary Tanoesoedibjo, said on Monday that it had acquired an offshore Papua oil and gas field with 1 billion barrels of oil reserves.
The company in a statement did not provide financial details or give the exact location of the block or clarify whether the reserves were all recoverable or not.
The firm also said last month it had acquired an oil and gas field in South Sumatra.
Shares in Bhakti Investama closed up 24.39 percent to 1,020 rupiah on Monday, while the broad market .JKSE increased 2.02 percent.
(Reporting by Janeman Latul, Editing by Ed Davies)
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