January 20, 2017 1:57 PM 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

Canada

Founded in 1989

Key Executives for ACL International Ltd.

Chief Executive Officer, President, Chief Financial Officer and Director
Age: 53
Total Annual Compensation: C$85.6K
Compensation as of Fiscal Year 2016.

ACL International Ltd. Key Developments

ACL International Ltd. Announces Resignation of Harvey Lalach as Director Effective Immediately

ACL International Ltd. announced that Harvey Lalach has resigned as a director of the company effective immediately to pursue personal business ventures.

ACL International Ltd. Update on Drilling of Amanah Timur-1 Well

ACL International Ltd. announced that drilling of the Amanah Timur-1 well at South Block A (SBA) has been delayed due to the earthquake in Aceh province on December 6, 2016 as well as heavy rainfall. The drilling rig and equipment have been affected by the recent earthquake and the rainfall. The site and equipment are being inspected by team and a new spud date will be set based on the team’s findings.

ACL International Ltd., Annual General Meeting, Dec 22, 2016

ACL International Ltd., Annual General Meeting, Dec 22, 2016, at 11:00 US Mountain Standard Time. Location: Main Floor, Standard Life Building, 639 ­ 5th Avenue S.W Calgary Alberta Canada Agenda: To receive the financial statements of the corporation as at and for the year ended March 31, 2016, together with the report of the auditors thereon; to fix the number of directors to be elected at five; to elect Mohammad Fazil, Harvey Lalach, Robert Sadleir, Robert Tjandra and Aqeel Virk as the directors of the corporation for the upcoming year; to appoint MNP LLP as the auditors of the corporation for the upcoming year and to authorize the directors of corporation to determine the remuneration; to consider and, if deemed advisable, to pass, with or without variation, a special resolution to approve the change of name of the corporation from ‘ACL International Ltd.’ to ‘Bow Energy Ltd.’; to consider an ordinary resolution, the full text of which is set in the accompanying management information circular and proxy statement, re-approving the stock option plan of the corporation; and to transact such other business as may properly come before the meeting.

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