Post by
SlyFox1 on Apr 13, 2022 12:27pm
MD&A Update
From the last MD&A:
SKKMIGAS, the Indonesian oil and gas regulator, is aware of the situation with SGE and has formally advised SGE of their obligations to fulfill the PSC terms and to provide quarterly reports of their activities on the project. SKKMIGAS is aware of Sonoro’s frustration with the lack of engagement from SGE and Sonoro’s commitment to fulfilling the terms of the PSC. The project partners are currently in discussions to attempt to resolve this issue.
Wonder is these reports are being completed? Why hasn't management commented further on this yet?
Comment by
copperplay on Apr 13, 2022 12:34pm
great post Sly...short answer probably because Jimmy has been controlling things behind the scenes since the beginning. Corrupt country with a revengful partner rather give millions of dollars away then work with Sonoro sure looks like 2 cent financing with 2 million share bid yet no one wants 2.5 cent stock?????
Comment by
StratCap on Apr 13, 2022 2:47pm
Bids building at .02. Meeting agenda must be close. Stay tuned.
Comment by
copperplay on Apr 13, 2022 3:30pm
I think we get a press release first regarding the merger followed by the meeting agenda. Nothing like leaving it until the last minute maybe everyone busy doing other things ha ha
Comment by
StratCap on Apr 13, 2022 4:27pm
That makes sense. Hopefully an update is forthcoming that includes the loan to Jimmy as well. The maturity date was November 2021 and I'd like to know the status of that liability.
Comment by
Tree2tree on Apr 13, 2022 12:56pm
No comment = no progress. At least that has been the pattern for.. some years now.
Comment by
MJB4231 on Apr 13, 2022 12:58pm
Tree... Good or bad something is coming down the pipe before months end. Atleast we know this much
Comment by
copperplay on Apr 13, 2022 1:03pm
maybe it's because of Rhamadon or Jimmy is too busy at his other job