Central Sumatra Energy Inc. (CSE) is a wholly-owned subsidiary of Black Diamond Energy Inc. (BDE), a partnership with Fortress, an international investment group (www.fortress.com).
CSE established in year 2011, is focused on high impact oil and gas exploration in Central Sumatra, Indonesia, a world class basin where Chevron has produced over 11 billions barrels of oil to date. Strategically focused on onshore exploration near existing infrastructure which provides access to ready oil and gas markets. Two Production Sharing Contracts (PSCs) – (a) Mahato and (b) South Lirik – in prime Central Sumatra area, adjacent to Chevron producing acreage. Exploration portfolio includes multiple prospects in Mahato block with best estimate of over 100 million barrels of unrisked oil resources. CSE's investors and management team/founding stakeholders have collectively committed around $100 million of equity capital to fund the exploration activities. Experienced Board of Directors and Advisors a proven track record in the oil and gas industry.