DIVIDEND and INDONESIA Although I m not surprised by todays drop as the oil production has been reduced a lot, I wonder about the drilling results in Indonesia. Are there any adjacent producing lands or POE is the first one which tries to de-risk the area ?
VST.V in Kurdistan, Rodinia in Australia (ROZ.V) , Torquay, Sterling Resources, all plummetted after some disappointing drilling results in NON OIL PROVEN lands.
Disclosure : I prefer established but undervalued oil producers with ZERO DEBT like CZE.TO (C&C Energia) . I also like EQU (Equal Energy).