Energi Mega Persada secures $43m loan

Sat, 29 Jan 2005, 00:00 WIB | Source: JP

JAKARTA: Publicly-listed PT Energi Mega Persada (EMP) has
secured a US$43 million loan from PMA Advisors Investment Limited
to develop the Brantas oil and gas block in East Java.

According to a statement sent to the Jakarta Stock Exchange,
the company said the loan facility came through its subsidiary
Lapindo Brantas Inc., and the documents were officially signed in
January.

EMP is a local oil and gas firm controlled by the Bakrie
Group. Its shares ended Rp 10 higher at Rp 850 on Friday. -- JP

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