The decrease was primarily due to the decrease in average unit sale price from a different sales mix, as well as the Company's minimal operations in the Arafura
Sea during the first quarter of 2015 in compliance with Indonesian government's efforts to combat illegal fishing in its waters, which resulted in decreased sales volumes.
Shrimp from Arafura
Sea is first quality in the world, in terms of taste and appearance, which explains why Japan buys all the DGS products.
These 12 anomalies include known mineralization at Redtree and the Sue prospects on Laramide's Westmoreland tenements and at Mageera, Cobar and the El Hussen Trend on Arafura
and Hartz Range joint venture areas.
As a result, all licensed fishing vessels, including the Company's fishing vessels operating on the Arafura
Sea of Indonesia, have been informed by the Indonesian government to only operate within strict guidelines in order to avoid potential enforcement actions by the Indonesian Navy such as boat seizures.
says the impact of higher prices is not significant as rare earths constitute only a small portion of the cost of finished products.
It gas the Arafura
Sea Block to ConocoPhillips, the offshore West Papua-I and -III blocks to Chevron, and the offshore North Sumbawa-II block to Husky Energy.
On the Kai Block in the Arafura
Basin, The Barakan-1 well tested a major prospect on the southern region of the block.
Nasdaq: PME), ("Pingtan," or the "Company") a global fishing company based in the People's Republic of China (PRC), today announced that the Company acknowledges recent measures taken by the Indonesia Government to combat illegal fishing activities on the Arafura
Sea of Indonesia.
The Barakan-1 well on the offshore Kai block is testing a giant prospect along a Mesozoic trend in the Arafura
CanadianOxy enhanced its portfolio of high potential exploration projects during the first quarter through a farm-in on two production sharing contracts in the Arafura
Basin of eastern Indonesia.
In addition, the competitive environment in our industry remains favorable due to high barriers to entry associated with the Ministry of Agriculture that restricted the issuance of new fishing licenses in the Arafura
Sea in Indonesia during 2013.
The licences will consist of six prime Makassar Strait blocks, six Arafura
Sea blocks off southern Irian Jaya, Nila and Anambas working areas in the Natuna Sea, Biga and Segaf in the Seram Sea, Polewali and Enrekang in South Sulawesi, and Bangkanai, Tigau and Mentana in Kalimantan.