Thursday, February 16, 2006

Energi Mega appoints E&Y as merger advisor

The listed oil and gas company PT Energi Mega Persada Tbk has appointed PT Ernst & Young Advisory Services as the independent advisor for a merger plan with PT Bumi Resources Tbk.
"The independent advisor has started to review the (merger) plan on February 7," wrote Yudi Soedargo and Thomas Leo Soulsby, Energi directors, to Jakarta Stock Exchange (JSX) yesterday.
Asked whether the merger could be done next year, Energi said it's depend on the advisor's review.

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