CLOs on the Move

ACL International Ltd. (ACL on the TSX-Venture) is an Oil and Gas exploration and development company situated it the prolific Indonesian North Sumatra basin. ACL International Ltd. has made two recent acquisitions: A 50% interest in the Langsa TAC concession located offshore, North Sumatra, Indonesia The Langsa field is an offshore 77 square km concession (“Langsa TAC”) in 300 feet of water depth. Initially discovered by Mobil in 1980 with current daily production around 1,340 BOPD