Indus ditches Indo

INDUS Energy, which was known as Quest Petroleum until its recent swerve into Canadian oil sands, has decided that the Ranau PSC in South Sumatra that it has spent the last four years involved with is no longer of interest.

Indus secured an 80% holding in Prabu Energy in 2011 via former BHP Billiton executive Saxon Palmer's Merric Capital, but the company has now decided to divest its share.

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