Putting it all together...
I expect a great week ahead and I think there are enough bread crumbs out there to make some predictions. First, look at the activity of Sonoro's twitter. https://mobile.twitter.com/sonoroenergy?lang=en Since the start of January the tweets have promoted: - the level of investment being made in the Indonesian oil and gas sector, - specific activities of various oil and gas entities (Petro China, Shell, Bass, and Santos) - Specific areas being targeted for development by Indonesia What does this mean? Why am I going on about this? First, remember who ended up buying Bankers Petroleum? That's right, the Chinese. Interesting that Sonoros tweets are tagging Petro China all of a sudden... Second, recall the NR Sonoro put out on 23 November... Specifically the part that said: Mr. Wadsworth further stated The team has continued to review and evaluate new business opportunities targeting near-term production opportunities. As a result we have recently signed non-binding memorandums of understanding with independent third parties to acquire and farm into two attractive new production sharing contracts in proven basins. These opportunities follow a similar philosophy of approach as with Budong Budongin that discoveries have been made, and further geological interpretations advanced, with further drilling needed to confirm the commercial potential of these high-impact opportunities. Final due diligence and definitive agreements are being completed, and further information will be announced upon their conclusion. So, what do you think? Why would the corporate twitter account suddenly start name dropping and promoting the activities of these other "independent third parties" if there wasn't something more going on? I think the answer has been staring us in the face the whole time... I hope I'm right!