RE:RE:RE:RE:RE:RE:RE:RE:Maybe next week.martindale wrote: As per coppers reply to Georgia..
8. Selat Panjang, as of September 6, 2021, is managed by PT Sumatra Global Energi from previously managed by Petroselat Ltd.
in the real world time is money and not only have Sonoro shareholders suffered but also the Indonesian Ministry of Energy, government and Skk Migas as this PSC is a gross split which means profits help all involved. Now that two years are up I would expect a decision on the future of Sonoro and Indonesia this month. We are trading at 4 cents because a decision to pull the license is possible... but if they can get the JOA done and work program with our current partner or another partner will remove the risk and this stock will fly just based on the value of Oil involved. The fact that management have funded this company for 3 years doesn't mean anything just means if we lose it they need to find something else but will take many more months to get any value added not to mention raising money at these levels. If the stock starts to run we know the news is good if we continue trading at these levels not good. Our current partner have handcuffed this thing for 2 years and need to be held accountable for that
my opinion anyway