This project is being undertaken in Central Java, Indonesia and involves the management and operation of oil wells by PT Basic Energi Solusi, the company registered in Indonesia, as the operating arm of Grandway Group Ltd., the joint venture between the Company and Petrosolve Bhd Sdn.
PT Basic Energi Solusi acquired the rights to manage ten (10) wells in the area, with the objective of rehabilitating these wells for possible limited oil production. Drilling operations are on-going to target maximum depths of 390 to 400 meters.
