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"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Friday, December 25, 2009

Vietnam: Mitra Energy group completes seismic acquisition (the land was last licensed in the 1970's)...

"03 Sep 2009  ...Two wildcat exploration wells are planned for the PSC in 2010. In January 2009, Mitra farmed out 50% of its 100% equity in the PSC to BHP Billiton, while continuing to operate the PSC. Vietnamese Governmental approval of the farm-in was granted on 19th August 2009.   A consortium consisting of Mitra (40% equity and Operator), Kuwait Foreign Petroleum Exploration Company 40% and Singapore Petroleum Corporation 20% was awarded the Block 19 PSC and Block 20 PSC, following the 2008 Nam Con Son Basin bid round. Each PSC covers approximately 4,500 square kilometres"....Source: Mitra Energy

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