RE:RE:RE:RE:RE:RE:RE:JOA martindale wrote: ark88 wrote: MJB4231 wrote: Based on required JOA for reserve & advancing partnership. JOA is the reason we've been sitting here waiting since we signed PSC. Jimmy's reluctance to commit and sign may still be the issue
Not sure I agree that the JOA is required first in order to complete the RR.
The June 20 NR clearly states Sonoro will commence immediately to complete the RR.
I believe the RR has been completed, once again. The previous hold up had to do with commercial and operational issues between Sonoro, SGE and
SKKMIGAS (as per NR of October 1, 2021).
Kirk gets another kick at the can with a new RR. Let's hope its agreeable this time with SGE. Time to sign and get on with it!!!!!
Also of note and I am guilty of not realizing it as well... the last release does state that the mou is Binding...as such there may be no need for a JOA depending on what is in the binding MOU..once again we are still in the dark but I hear mushrooms flourish best that way.. GLTA
If the Parties ever needed any reason to start Selat Panjang:
1. China 13+% world oil consumer in Covid lockdown.
2. USSR oil and gas embargoed for the forseeable future.
3. US Dollar 40+ year high. Any weakness will boost commodity prices.
4. US Stategic Oil Reserve nearly empty.
5. Supply dimishing as a result of decades of lack of investment.
Time to sign and get on with it!!!!!