Mudflow well owner try to bails out

THE owner of Lapindo Brantas, operator of the Banjar Panjir-1 gas exploration well, has tried to sell the company to a British Virgin Islands-registered group in what could be a move to avoid further financial responsibility.

Mudflow well owner try to bails out Mudflow well owner try to bails out Mudflow well owner try to bails out Mudflow well owner try to bails out Mudflow well owner try to bails out

But Indonesia’s Capital Market Supervisory Agency (Bapepam) has nullified the sale of Lapindo Brantas to the Freehold Group, as already carried out by PT Energi Mega Persada Tbk.

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