Source Pravda.Ru

Greka Closes Sale Of 75% Exploration Interest in Jatiluhur Block

Greka Energy Corporation has closed the sale of its 75% exploration interest in the Jatiluhur Block, West Java to Kumoco Energy Ltd. The terms of the sale provide for a $4 million production payment to the Company and a retained 5% overriding royalty interest in the Block. Pertamina, the Indonesian state-owned oil company, consented to the sale.

The Block covers 1.275 million of unexplored acres on the Island of Java near a number of producing oil and gas fields. A portion of the Block identified as the Jonggol area consisting of 500,000 acres has two prospects and eleven leads.

The Company acquired the Indonesia prospect in the 1999 Saba acquisition. More recently in March 2002, the prospect was identified as a non-strategic asset under the Company's restructured business plan that focuses on its Integrated Operations in Santa Maria, California, and its long-term interests in China.

Visit to

&to=http://www.grekaenergy.com/' target=_blank>Greka Energy

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA

Putin made his first public comment on the subject of the recent decision of US President Donald Trump to recognise Jerusalem as the capital of Israel

Putin makes first comment on Trump's Jerusalem decision
Comments
Putin's remarks about collection of biomaterials may bury genetics
Russia to rebuild its former Soviet naval base in Syria's Tartus
Russia to rebuild its former Soviet naval base in Syria's Tartus
North Korea declares victory over USA
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
The need for a Global Political Agenda 2018
Russia on the eve of another Crimea referendum
USA to try to arrange color revolution in Venezuela
Putin in Egypt: Who's the big player in the Middle East?
It was US and UK that sank Russia's Kursk submarine
Turkey's Erdogan urges others to recognise Jerusalem as capital of Palestine
Russia to rebuild its former Soviet naval base in Syria's Tartus
Putin in Egypt: Who's the big player in the Middle East?
Russia to rebuild its former Soviet naval base in Syria's Tartus
Putin in Egypt: Who's the big player in the Middle East?
Putin in Egypt: Who's the big player in the Middle East?
Putin in Egypt: Who's the big player in the Middle East?
Putin: Russia is ready to launch direct air communication with Egypt
Russia works on MiG-41 doomsday fighter jet
Russia works on MiG-41 doomsday fighter jet
Russia works on MiG-41 doomsday fighter jet