Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Top Links You Must Click On


PT Benakat Petroleum Energy (BIPI) to Complete Acquisition of AMI

Jakarta, Indonesia, Nov 23, 2012 - (ACN Newswire) - PT Benakat Petroleum Energy Tbk (the "Company"), an integrated company led by a consortium that consists of Mr. Omar Putihrai and Mr. Halim Jusuf among others, will finally complete its acquisition of PT Astrindo Mahakarya Indonesia, a company engaged in the field of integrated coal chain services with ownership of coal mining infrastructure, such as coal port and over-land conveyor infrastructure.

This acquisition is a realization of the Conditional Sales and Purchase Agreement dated December 19, 2011 between the Company and PT Indrokreasi Nuansa Sejahtera, a company under the control of Sennelius Thong, a member of the Lippo Group companies.

For the purpose of this acquisition, the Company shall hold an Extraordinary General Meeting of Shareholders (EGMS) and a Public Expose on December 14, 2012 to request the approval of the shareholders. The Company made the announcement and conveyance of acquisition information disclosure on November 14, 2012.

"After undergoing a long process, the Parties reached an agreement on the acquisition of AMI and with the consent of the shareholders at the EGMS on December 2012, we shall soon complete it," said Michael Wong, Director of the Company.

The value of the AMI acquisition is USD 600,000,000 (six hundred million United States Dollar), which under the regulation of Bapepam, constitutes a material transaction that requires the prior approval of the shareholders, as its value exceeds 50% of the Company's equity.

Furthermore, Michael added that the acquisition of AMI would contribute significantly to the Company's growth with the increasing earnings and profitability of the Company and increase the value for shareholders.

"With the acquisition of AMI, the Company shall have participation in the integrated coal mining infrastructure assets in the form of coal port with a total capacity of 48 million tons per year and over-land conveyor infrastructure to provide integrated coal chain services with an estimated total capacity of 73,5 metric tons per year, so that the earnings of the Company are projected to drastically increase from USD 40 million in 2012 to USD 415 million in 2013, while the Net Income will jump from USD 3 million in 2012 to USD 159 million in 2013 and EBITDA in 2013 will increase from the estimated EBITDA 2012 of USD 9 million to USD 365 million" said Michael Wong.

"In addition, ever since listed on the Indonesian Stock Exchange, we have made several strategic acqusitions to fortify our business model, inter alia, through the acquisition of 37,67% of shares of PT Elnusa Tbk (ELSA), 10,3% of shares of PT Buana Listya Tama Tbk (BULL) and 100% of shares of Patina Group Ltd," concluded Michael Wong.

About PT Benakat Petroleum Energy Tbk

PT Benakat Petroleum Energy (IDX:BIMI) is an integrated energy company, which has investment and asset portfolios in the mining and energy sector, and supported by integrated oil and gas services. The Company listed its shares on the Indonesian Stock Exchange on February 10, 2010, and currently the total amount of outstanding shares of the Company is 35,043,851,428 with a total market capitalization of Rp. 7,7 trillion. For more information, please see www.benakat.co.id.

Source: PT Benakat Petroleum Energy Tbk

Contact:

Dina Andini
Corporate Secretary,
PT Benakat Petroleum Energy Tbk.
Tel: +62-21-576-4661
Email: dina.andini@benakat.co.id




Copyright 2012 ACN Newswire. All rights reserved.

About ACN Newswire
Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Enterprise Open Source Magazine Latest Stories . . .
The recent trends like cloud computing, social, mobile and Internet of Things are forcing enterprises to modernize in order to compete in the competitive globalized markets. However, enterprises are approaching newer technologies with a more silo-ed way, gaining only sub optimal benefi...
The Eclipse IoT community is growing community of open source projects focused on providing the building blocks for the IoT industry. The goal of the community is to provide open source implementations of important IoT standards, frameworks that implement key services for IoT applicati...
In his session at 15th Cloud Expo, Mark Hinkle, Senior Director, Open Source Solutions at Citrix Systems Inc., will provide overview of the open source software that can be used to deploy and manage a cloud computing environment. He will include information on storage, networking(e.g.,...
StackIQ offers a comprehensive software suite that automates the deployment, provisioning, and management of Big Infrastructure. With StackIQ’s software, you can spin up fully configured big data clusters, quickly and consistently — from bare-metal up to the applications layer — and ma...
In a very real way, everything they do at iXsystems helps the cause of open source. From the engineers who write code they contribute back to FreeBSD, to the testers who give feedback on open source drivers back to vendors, to the marketers who travel around the world to promote FreeBS...
More and more Web sites and applications are being moved from Apache to nginx. While Apache is still the number one HTTP server with more than 60% on active Web sites, nginx has now taken over the 2nd place in the ranking and relegated Microsoft’s IIS to 3rd place. Among the top 10.000...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE