JSX Strikes Deal with Strategic Operating Partner

JSX Energy has signed a binding Letter of Intent with a farmin partner to jointly explore and develop the Mae Sot basin, located in JSX's Block L17 in Thailand. The identity of the partner and terms of the deal will be disclosed in the coming days upon signing of the definitive agreement being developed by lawyers representing both parties. It was confirmed however, that JSX will retain full use of its $25,000,000 "tax pool" during the first 10 years of production.

JSX's new operating partner on Block L17 is an experienced energy company with a strong balance sheet, excellent technical staff and several producing oilfields in Southeast Asia. Joint operations are expected to begin within a matter of weeks, starting with a thorough review of all technical data and optimization of work programs.

JSX Energy Inc. is an aggressive exploration company focused on high-growth opportunities in Thailand's petroleum sector.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Construction Contracts Analyst
Expertise: Contracts Administration|Legal
Location: Alpharetta, GA
Senior Construction Contracts Manager
Expertise: Construction Manager|Legal
Location: Alpharetta, GA
Production Control Coordinator
Expertise: Production Engineering
Location: Houston, TX
search for more jobs

Brent Crude Oil : $53.61/BBL 2.09%
Light Crude Oil : $50.33/BBL 1.98%
Natural Gas : $3.26/MMBtu 2.51%
Updated in last 24 hours