RE: rmp also own 37.5% in Block SC5518 Feb 2019 21:06
Sorry, but Bandy has sat on this for years, don't get your hopes up about it.
SC55 plugged RNS - 17th Aug 2015
SC55 Two-year moratorium - 22 Dec 2015 with the following "did not encounter gas in commercial quantities, it proved the presence of an active petroleum system"
SC55 28th Jan 2016 - Otto Energy Leaving JV
SC55 14 March 2016 - No news, waiting for DoE
SC55 12 April 2016 - - No news, waiting for DoE
SC55 17 June 2016 - SC 55 Moratorium Granted with "conduct specialized geophysical studies"
SC55 28 July 2016 - No studies, nothing
SC55 29 Sept 2016 - No studies, nothing
SC55 25 Oct 2016 - Increase of equity in SC55, no activity
SC55 26 Jan 2017 - No studies, nothing
This continues upto now, all the Year Half Reports, Annual Reports, Quarterly Reports, its a copy and paste
each time with SC55.
"Red Emperor also holds an equity interest of 37.5% of Block SC55, which is located in the southwest Palawan Basin. SC55 covers an area of 9,880km2 and was awarded to Otto Energy Investments Ltd (formerly NorAsian Energy Ltd) in 2005. It is a deep-water block in the middle of a proven regional oil and gas fairway that extends from the productive offshore Borneo region in the southwest to the offshore Philippine production assets northwest of Palawan."
The bloke has had 3 and a half years since Hawkeye was pluged to do something, but dosen't.
Just forget about it..he has.