Reason for delay........As we all know that the agreement has been finalized, "could" this be the reason for the delay.
Just wondering if they have put an offer in for SNV's 25% and operatorship or have they submitted an offer to our partner for the 75% WI of the Selat PSC, of course i am just totally questioning this......................
Their competitor has updated their recent investor deck (also recent virtual roadshow) and outlines their "acquisition strategy"..... Look at their investor deck here:
https://s3.amazonaws.com/cdn.irdirect.net/PIR/1322/4443/INDO%20Company%20Investor%20Presentation%20May%202020%20[1].pdf Note location of their assets and proximity to Selat..........
Also note their directors and their area of specialization
Experienced senior financial executive with demonstrated track record of building teams and managing financial operations in high growth environments, raising debt and equity capital, negotiating and structuring
strategic merger and acquisition and commercial transactions, and implementing investor relations programs
About Indonesia Energy Corporation Limited Indonesia Energy Corporation Limited (NYSE American:INDO) is a publicly traded energy company engaged in the acquisition and development of strategic energy projects in Indonesia.