Sonoro Energy Ltd. V.SNV

Update - Jakarta Indo

[copperplay]

61 The process of offering PI 10% of oil and gas blocks is still ongoing until November 2021 Friday, 26 November 2021 | 10:05 PM Reporter: The Great Philemon

Artikel ini telah tayang di Kontan.co.id dengan judul "61 The process of offering PI 10% of oil and gas blocks is still ongoing until November 2021", Klik untuk baca: https://newssetup.kontan.co.id/news/61-proses-penawaran-pi-10-blok-migas-masih-berlangsung-hingga-november-2021.

Editor: Handoyo . |Reporter: The Great Philemon

 

 

KONTAN.CO.ID - JAKARTA. Special Task Force implementing Upstream Oil and Gas Business Activities (SKK Migas) noted that until November 2021 there are still 61 10% PI bidding process underway. Head of Legal Division of SKK Migas Didik Setyadi revealed, of these, as many as 36 Working Areas (WK) entered the Plan of Development (POD) I stage and as many as 25 WK were transfer of management or extension.

Didik continued, specifically for the North Sumatra region so far there are 12 WK who are taking care of the process of transferring 10% PI for BUMD. The 12 WK include, Rokan, Bentu, Malacca Strait, Bentu, Tonga, Siak, Tonga, Siak, North Sumatra Offshore, Selat Panjang, Mahato, South West Bukit Barisan, Kisaran and North West Natuna.

[MJB4231]

Great DD Copper... Solid post. Im reading it as Selat Panjang management is undergoing a change.

[SlyFox1]

Great find copper. Have to love that MIGAS is stating selat will have an ownership change. Time for them to give jimmy that last little push to sell. Then once he is gone we should be in shape for a great 2022 

[john2305]

Anyone know what PI means ?

[SlyFox1]

Partnership Interest

[john2305]

Thanks for that

[copperplay]

Start reading between the lines here.  Selat Panjang still alive and well.  Look at insider transactions all buys no sells.  In fact these 7 cents warrants just extended and re prices are mainly owned by insiders  Going to be a happy ending for Sonoro shareholders after all this 

[MJB4231]

What you state is true regarding insiders. But like you know how many times we have been here only to hit another road block. Until news comes of a new partner I feel buying will be modest at best

[copperplay]

true but at 3 cents and down and out only up from here.  Next news will double or triple stock price 

[Tekeela1]

Everyone has been hoping for news for years on this stock!  It will be probably many more years of waiting!  However, if for some reason you are right, the tequila is on me in Mexico!

[MJB4231]

What's refreshing is the article Copper posted wasn't an opinion but fact from Indonesia. It proves that a change is underway officially. Question is how long til we hear something. On that note anything material we will be instantly and without warning halted

[ark88]

.."underway officially." I wish it was but it's not. Please share your reference. TIA

[MJB4231]

I read this as officially underway: Head of Legal Division of SKK Migas Didik Setyadi revealed, of these, as many as 36 Working Areas (WK) entered the Plan of Development (POD) I stage and as many as 25 WK were transfer of management or extension. Didik continued, specifically for the North Sumatra region so far there are 12 WK who are taking care of the process of transferring 10% PI for BUMD

[ark88]

Where did you get this excerpt from? Source?

[MJB4231]

FYI Copper found and posted earlier. Here is the Indo link. You'll have to translate https://newssetup.kontan.co.id/news/61-proses-penawaran-pi-10-blok-migas-masih-berlangsung-hingga-november-2021

[ark88]

Do you believe everything you see on the internet? Do you even bother to click the link and read it yourself? If you have read it, what does it say?

[MJB4231]

Lol... Give me your interpretation of the article how about that

[ark88]

There's no interpretation. Here's the actual excerpt. Didik continued, specifically for the Northern Sumatra region, so far there are 12 WKs that are currently managing the process of transferring the 10% PI to BUMD. The 12 WKs include Rokan, Bentu, Malacca Strait, Bentu, Tonga, Siak, Tonga, Siak, North Sumatra Offshore, Long Strait, Mahato, South West Bukit Barisan, Kisaran and North

[MJB4231]

F#&ck... Your right Ark. When I translated it did read differently without Selat Panjang. I have no idea wtf going. I copied translation and pasted and I hope it reads correctly. I did open original link but it didn't read the same as this. My apoligizes https://newssetup.kontan.co.id/news/61-proses-penawaran-pi-10-blok-migas-masih-berlangsung-hingga-november-2021

[MJB4231]

In this link I posted it states Selat Panjang

[ark88]

You're right. It only appears when you load the page in Indonesian. If you auto translate while loading the page, it doesn't appear.

[MJB4231]

Good thing it's the Indonesian version I care about... But it's in B & W. Legal stuff changing hands in Selat.

[copperplay]

Ark what you think is happening with our loan due and looking 19 million shares?

[ark88]

Well, one has to assume given that management hasn't issued a press release, that the matter is open and on-going.

[copperplay]

  long straight is Selat Panjang 

[MJB4231]

Thanks and correct Copper. Appreciate the clarification