October 23, 2016 8:07 AM ET

Oil, Gas and Consumable Fuels

Company Overview of ACL International Ltd.

Company Overview

ACL International Ltd., a natural resources company, engages in the acquisition, exploration, development, and production of oil and gas properties in Indonesia. It owns 50% working interest in the Langsa TAC concession that covers an area of 77 square kilometers located North Sumatra, Indonesia; and 38.25% working interest in the South Block A, which consist of an aggregate 1,582 square kilometers of exploration acreage located in North Sumatra, Indonesia. The company was formerly known as Anthony Clark International Insurance Brokers Ltd. and changed its name to ACL International Ltd. in May 2014. The company was founded in 1989 and is based in Calgary, Canada. ACL International Ltd. is a ...

144-4 Avenue SW

Suite 1600

Calgary, AB T2P 3N4


Founded in 1989

Key Executives for ACL International Ltd.

ACL International Ltd. does not have any Key Executives recorded.

ACL International Ltd. Key Developments

ACL International Ltd. to Drill Amanah Timur-1 Well in Prolific North Sumatra Basin, Indonesia

ACL International Ltd. announced upcoming spud of the Amanah Timur-1 well within its South Block A PSC located in the prolific North Sumatra Basin. The Block is operated by ACL's subsidiary Renco Elang Energy Pte Ltd. The well-defined prospect is situated within a highly productive hydrocarbon trend and is covered by recently acquired seismic, hence the good probability of success. The target Keutapang play has delivered over 600 mmbbl oil, 2.2 tcf gas and 50 mmbbl condensate in the basin to date. The shallow objective (with a planned total depth of approximately 550 metres) has already proven oil productive in pre-WWII wells and is close to oil and gas infrastructure with potential to deliver near term cash flow. The well is expected to cost USD 1.2 million (representing approximately one-third of 2014 cost estimate) and includes completion and planned cased hole testing. The 300 mmbbl Rantau Oil field is located approximately 30 km to the southeast and the 400 mmsfcgd open access gas pipeline serving Medan runs within several kilometres of the location.

ACL International Ltd. Appoints Aqeel Virk as Vice President of Commercial and Business Development

ACL International Ltd. announced the appointment of existing director Aqeel Virk as Vice President of Commercial and Business Development. In his capacity as a director of ACL, Mr. Virk has been essential to ACL’s growing operations and is responsible for developing a strong presence for ACL within Indonesia.

ACL International Ltd. Announces Executive Changes

ACL International Ltd. announced the resignation of Mr. Harvey Lalach as Chief Financial Officer of the company effective December 31, 2015. Mr. Lalach has resigned to pursue other business ventures. The company’s President, Mr. Mohammad Fazil, will take over as interim CFO until a replacement has been found.

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