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Winchester Joins Offshore Indonesian Oil Study with 24.5% PSC Option

8:30am on Monday 23rd of March, 2026 AEDT Energy
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Winchester Joins Offshore Indonesian Oil Study with 24.5% PSC Option

8:30am on Monday 23rd of March, 2026 AEDT
Key Points
  • Binding term sheet signed with Triangle Energy and Tetragon Energy
  • Joint study coordinated by Indonesian SKK Migas to last 6-8 months
  • Winchester and Triangle each hold option for 24.5% PSC interest
  • Study cost approximately US$300,000, funded proportionally
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