RE:RE:RE:Indonesian CBM a "stealth sleeper play"As long as it is one of the sleepers that awakes sooner rather than later. The article seems to suggest that the world overall is not a believer yet in Indonesia CBM. Not sure whether it is the geology or the operating environment. Sounds like there was a good experience with Australia's geology but bad with China's geology and they are a bit shy about seeing which way this will lean. There are some big companies involved already, but still not enough for the significant money to flow. Otherwise we wouldn't have raising financing challenges and as one of a few players, there's no way we'd be sitting at a dime and a market cap of less than $20 million.
I don't get exactly what we are missing in terms of overall prospects in the region. From our interest here, the lack of closing the financing and the Exxon deal is surely a big drag on the share price.