Revisiting Bakrie-Mitsubishi at Kangean Block

Shares of Energi Mega Persada (ENRG), an oil and gas company controlled by Bakrie Family, jumped 7.64% Wednesday (Jan 31). At the last quoted price, ENRG had market capitalization of Rp1.04 trillion or around US$78.2 million only. ENRG is co-owner of Kangean production sharing contract (PSC), which hosts Terang field, one of the largest gas producing fields in the country.

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