Brunei

Feb. 7, 2006
Brunei National Petroleum Co. Sdn. Bhd. awarded Block L in northeastern Brunei to QAF Brunei Sdn. Bhd. and Loon Energy Inc., Calgary.

By OGJ editors

HOUSTON, Feb. 7 -- Brunei National Petroleum Co. Sdn. Bhd. awarded Block L in northeastern Brunei to QAF Brunei Sdn. Bhd. and Loon Energy Inc., Calgary.

The block covers 2,253 sq km mostly onshore.

The award is subject to completion of a production sharing contract between Loon and BNP.

Loon began evaluating the block in mid-2005 and submitted a proposal for the contract on Jan. 3, 2006.