Singapore-listed Ramba Energy to farm out 25% interest in Lemang contract worth $128m

Singapore-listed Ramba Energy to farm out 25% interest in Lemang contract worth $128m

Photo by khunaspix. Image ID: 100301036 (freedigitalphotos.net)

Singapore-listed Ramba Energy Limited has entered into a memorandum of understanding (MOU) with a strategic investor, termed their “Farm-in Partner”, to farm-out a 25 per cent working interest in the Lemang production sharing contract from the Company’s majority-owned Indonesian subsidiary, PT Hexindo Gemilang Jaya.

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