RE:RE:RE:Due for updateIf you read the latest news releases you'll find:
Pan Orient is currently in discussions on this matter with the Indonesian oil and gas regulator and working towards the drilling of a well in the area in 2014, subject to both the timing of forestry approval and successfully farming-out a 40% interest.
A good guess would be that the potential farm-in partner wants to confirm forestry approval before commiting. Those are some pretty flow rates Ramba came up with at Lemang, hard to believe they won't find a partner. As for the other farm outs, although the mention of a need for a second data room gave the impression that there was a lot of interest, there's been little follow-through so far. It seems some survey data is still in processing.
If you go back and read the news releases back a few years, you'll find that the company regularly pushes back when things are expected to happen. First oil from Sawn Lake is now something like 8 months behind the original schedule. It's not a great pattern but rarely in natural resources does everything stick to schedule. If they can prove commercial viability the wait will have been worth it.