The Gold, Copper, and Nickel that was allowed by Indonesia Government at year 1967 before Act of Self Determination in year 1969. Until now so many forest damaged, river pollution, and damaged environment near the area mining. Many Papua was killed the by Indonesia military, and the salary very small so Papuan protest and demonstration but some of the who demonstration was take out from Company and now they lost the job. So many Engineer only from Java and Sumatra.
Freeport Indonesia plans to ask for a contract extension until 2041. Since the previous contract was started in 1991 will expire in 2021, Freeport has the right to obtain 2 additional contract extension of 10 years each until 2041.
Before the contract expires, Freeport Indonesia wants to extend the contract because they know the exact amount of gold there. Freeport Indonesia has also just invested 125 million USD (approximately Rp 1.1 trillion) for exploration activities conducted in locations far from their current mining area, which include Puncak Sukarno.
Surprisingly, the exploration result is very promising. They found gold deposit far greater than what they have initially expected. Therefore, they definitely do not want to lose this very lucrative opportunity to seize it.
Last year Freeport hiding about Gold but now they said the big Gold in this world, so they gave name Tembagapura (Cu Lie). Eight mont have been exploited and now they found new Gold field in Serui Sea.
Freeport Movie :
And the now is the BP (British Petroleum or LNG Tangguh) wells in Bintuni Bay - West Papua. The total Gas Production is more then 14.2 TCF like the picture below :
Source: Exploration Map by Nippon Oil Exploration (Berau) 2007.
Gas Field in Vorwata 14.2 TCF, Roabiba 1.1 TCF, Otoweri 1.1 TCF, West Berau 1.4 TCF, Wariagar 2.4 TCF). The second target of BP is in Kaimana Block and Enanwatan Block and then in Fakfak area.
In BP, so many Papuan work as labor and peoples of Indonesia always discrimination to Papuan, always changed Papuan home base, not give Papuan compensation if they work in Java island, never took engineer from Papuan. But only took 6 Papuan Engineer and one of them had go out because discrimination in Geological Department and the other one from IT Engineering was took out by IT Department because he always protest about discrimination in IT Department to him. The geologist is Otniel Wafom and the IT Engineer is Yohanis Anari. The Building tax and Income Tax also for Indonesia Capital because the central office in Jakarta. But for Papua Regency never get it. (See : Letter Attachment)
Map of Bintuni Bay. (Click on picture to enlarge).
LNG Tangguh Planning Map in West Papua island
Exporing Map of LNG Tangguh
BP LNG TANGGUH IN WEST PAPUA
Nations owns 100 per cent of the Rombebai lease, an almost 12,000 sq. km parcel located onshore near Lake Rombebai on the northwestern tip of Paupua.
The Yapen lease is on the northern side of Papua, near the islands of Biak and Yapen, northwest of Rombebai. Nations owns 85 per cent of this lease.
Nations also has two farm-in agreements in Indonesia. One is with Australian-based Cooper Energy for a 60 per cent interest in their PSC on the south side of Madura Island. The other agreement is with British-based Serica Energy PLC for a 45 per cent farm-in on their Biliton PSC. The Biliton PSC covers over 3,900 square kilometers, and is located in the Java Sea between the Indonesian islands of Java and Kalimantan.
Rombebai PSC Location. (Click on picture to enlarge).
The Rombebai PSC covers 11,590 sq. km., (2.8 million acres) in the gas rich Waipoga Basin of Northern Papua, Indonesia. Rombebai PSC is a world class super giant gas source, strategically located to Asian - Americas markets. Complete technical work has been accomplished, amounting to over USD 60m by Shell with four wells having been drilled successfully with major gas finds. The entire coast of Northern Papua has a widespread distribution of seismically, “bright” gas charged sands. Major oil & gas companies have recently examined the Rombebai block technical data and have concluded multi trillion cubic feet of gas in the existing proven Shell anticlinal well test. The PSC enjoys the Frontier Fiscal Terms that guarantee 40% net contractor take for gas sales after full cost recovery and tax, the best gas fiscal terms available in Indonesia
Final results were received for the remaining two holes, ASD-29 and ASD-30, from the deep diamond drilling program completed by Anglo on the Aisasjur Prospect last year. Best mineralised intercepts were calculated by Anglo and are reported in the following table at a 0.1 g/t Au cut-off.
Table of Best Mineralised Intercepts from Late 2008 Drilling Program
The information in this report that relates to Exploration Results is based on information compiled by Mr. Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr. Wake has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr. Wake consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
Anglo proposes to undertake an airborne magnetics and radiometrics survey over the entire project area in the second half of 2009.
This report is dated 30 July 2009. For further information please contact:
Andrew J. Cooke
Tel: + 61 2 9419 8044
Email: [email protected]