The investment will be used to accelerate the implementation of the Company's business plan and to aggressively pursue additional oil exploration and production opportunities throughout Thailand. A portion of the funds are earmarked to expand JSX's property holdings in the region and to fund projects on new concessions to be granted by the Thai Government on April 20th, 2007. Future operations may also be financed through joint ventures with other oil companies currently operating in Southeast Asia.
JSX presently has 1 million acres under exclusive license and will soon be granted two more concessions for an additional 1.5 million acres, in an under-explored and highly prospective region of northwest Thailand. JSX's exploration licenses are valid until 2015, while production permits span 20 years with an additional 10 year extension.
JSX Energy Inc. is an aggressive exploration company focused on high-growth opportunities in Thailand's petroleum sector.
Most Popular Articles
From the Career Center
Jobs that may interest you