JAKARTA (AFX-ASIA) – Oil and gas company PT Medco Energi Internasional is likely to raise its price offer for a 100% stake in Australia’s Novus Petroleum Ltd to above A$1.77 per share to beat a rival bid, Medco chief operating officer Rashid I. Mangunkusumo said. (US$1=A$1.3) “Right now we’re under intense discussion with Medco’s three…