Energi Losing Assets on the Buzi Block

PT Energi Mega Persada, Tbk (ENRG IJ) is losing its assets that exists in Mozambique, since its participating interest in Buzi Block disturbed. Management contract of the block ended this year, but Mozambique government is precisely not to extend the contract. For the record, Energi owns 75% stake of Buzi Block in in the year 2013. The remaining 25% stake owns by Mozambique Government and Empressa Nacional de Hidrocarbonetos (BNH).

To subscribe please click here