Company Receives BPMIGAS Approval for Latest Work Program
CALGARY, March 1 /CNW/ - Ecosse Energy Corp. (CNSX: ECS), a company focused on oil and gas exploration and production in Indonesia, today announced its subsidiary, Endeavour Energy (Bengkulu) Pty Ltd, has received approval from BPMIGAS (the Indonesian Government Oil & Gas Regulatory Department) for its 2010 exploration and drilling work program for its Bengkulu PSC in South Sumatra Indonesia.
"The approval of our 2010 work program and budget (WP&B) by BPMIGAS allows us to move forward to tender the drilling for our onshore wells. Suitable drilling rigs have already been identified and are available at times to fit with our onshore drilling program targetted to begin in Q4 of 2010," said Alan Morrison, President and CEO of Ecosse Energy Corp. "This approval allows us to advance our 2010 strategy of proving our reserves on our existing blocks and expanding our oil and gas portfolio of acreages in Indonesia."
The Company also announced that it will now proceed to tender for the drilling and ancillary services for its 5-well on-shore drilling program in Bengkulu and is now actively looking at further acquisitions in Indonesia.
About the Company
Ecosse Energy Corp. was incorporated under the Canada Business Corporations Act and is a reporting issuer in the Provinces of Alberta, British Columbia, Manitoba, and Ontario. Its wholly owned subsidiary Endeavour Energy (Bengkulu) Pty Ltd. ("EEB") is a private Australian company, operating in Jakarta, Indonesia. EEB owns a 100% working interest in the Bengkulu PSC ("Production Sharing Contract") in Sumatra, Indonesia which allows it the rights to explore and exploit the hydrocarbons within the PSC. The Bengkulu PSC covers 4,101.92.94 km2 (1,013,602 acres) and consists of both onshore and offshore portions. EEB is currently planning to drill 5 onshore exploration wells in the Bengkulu PSC in 2010.
Further information concerning the Company can be found at www.sedar.com.
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SOURCE ECOSSE ENERGY CORP
For further information: For further information: Alan W Morrison, President & CEO, Ph: (416) 815-8311, Ecosse Energy Corp., E-mail: firstname.lastname@example.org