jatEnergy Ltd Signs Conditional Agreement For Sale Of Katingan Asset

jatEnergy Ltd announced that it has received a Letter of Offer, and has accepted this non binding offer for the sale of its 80% ownership of Indonesian concession known as the Katingan asset in South Kalimantan, Indonesia. At this stage, the Company is awaiting formal conditional share sale and purchase agreement to be signed. Final pricing is subject to further negotiation. The sale is conditional upon the Company procuring the sale and purchase of the remaining 20% of the concession on behalf of the purchaser.