Encore Energy Systems Inc (ENCS): Let's see what the PR claims Encore Ener...

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Mr Wizard a1a

Re: yaadmon post# 17054

Tuesday, 02/01/2011 5:27:40 PM

Tuesday, February 01, 2011 5:27:40 PM

Let's see what the PR claims Encore Energy owns: a 50.7% stake in PT Medco Energi International Tbk A case of the flea wagging the dog! Must be so; it is in the sticky for all to see.

Medco Energi Internasional
MedcoEnergi is an integrated domestic energy company with international exploration and production.

Oil & Gas
MedcoEnergi oil and gas business operations are manage under PT . Medco E&P Indonesia for local operations and Medco Energi Global Pte. Ltd. For International for its international operations.

Power
In the Power industry, our subsidiary
PT. Medco Power Indonesia operates two gas power plants in Batam Island and an operation & maintenance contract for coal-fired power plant in Tajung Jati, central Java.

Downstream
Our downstream business, that is managed by PT. Medco Downstream Indonesia, consists of methanol, LPG and ethanol plant, as well as a fuel distribution company.

New Business Incubator
Aside from Oil and Gas E&P, Power and Downstream businesses, MedcoEnergi also have other business activities focusing in Oil and Gas supporting services and New Business Incubator projects.