RESERVES HIKE TO BUOY BONTANG LNG

A redetermination of reserves in an Indonesian production sharing contract (PSC) will boost liquefied natural gas sales for an Indonesian joint venture (IJV) of Lasmo plc, Union Texas (South East Asia) Inc., Chinese Petroleum Corp. (CPC), and Japex Rantau Ltd. The Indonesian reserves increase involves the Sanga Sanga PSC operated by Virginia Indonesia Co., a 50-50 joint venture of Lasmo and Union Texas. Union Texas holds a 38% interest in the IJV and Lasmo 37.8%, with remaining interests held