Member Info for maestro1

Another interesting point, Isran Noor said he was tricked into signing the exploitation documents, he said he didnt look at documents and passed them along to Djaja Putra to process, this is where something awry happened according to Indonesia. Now Putra has seen the exploration licenses they have been written by something like an autopen device, he doesnt seem to think this raises a flag so doesnt Noor as he signs the new upgraded Exploitation licenses. Roi say Putra was in on it, but this guy still works for the govt in another regency since. Under indonesia law there is no precedence where if old licenses MAYbe tainted with forgery that the upgraged licenses once obtained become invalid, Indonesia conceded this at the hearing. This doesnt make sense at all, this tribunal totally screwed up, the guy who susposedly committed forgery and tricked Noor into signing those licenses still works for govt and to top it up Noor fails to show up at the tribunal to tell his side for signing the exploitation licenses and the old ones which they claim he didnt have authority to do so. A very bad bad decision, UN, Worldbank run by biased leaders...

bdog51 that will be the most likely case if we lose, but if you read the award the arbiters dont want to look at motive why Nusantara and Noor may want to take away our licenses but are happy making motives about us. Fact is what chl are saying both the exploration licenses and the exploitation licenses were properly registered by the east kutai regency govt, with regards to these two licences chl believe the signatures and Regency chops were applied by Isran Noor when he was deputy regent (under Awang Faroek Ishak) as the authorized delegate of Ishak when Ishak was away from the Regency office on other business or campaigning for the position of Governor of East Kalimantan. Mr Noor failed to come to tribunal for cross examination this should have put a major doubt into the tribunals conclusion, but they plain right ignored this, they relied of auto signatures, the bewasda report deemed the licenses were genuine and accountable for but the tribunal said they didnt use forensic expert in the report. This is absurd now all docs signed around the world need forensic experts to examine before you deem they are valid? Now with new revelations of putra the tribunal will have to agree in our favor. Isran Noor and Putra are key to this scam.

if we lose the appeal then we have lost everything, boom or bust now thats the reality. Im hoping we will get the annulment.

no price predictions from me, at the moment we need to come out of this deep hole first, annulment is priority and we need a successful outcome. Once that is achieved then we can talk numbers.

darrenbiggs the asset is large they cant just pop it under the carpet, its needs developing, why no news on the issue. The good thing is our appeal will be put in shortly.

2nd largest undeveloped resource in Indonesia, has anyone heard when they will put it in production? They have won why are they so quiet regarding this asset, you would assume to hear something in the news by now.

onlooker the Indonesian have gone really quiet, in the beginning when they won they were chest thumping and saying we wont allow foreign companies to take them for a ride blah blah blah. What ride has chl taken, they explored an area and found world class resource. Just on procedural breaches any court viewing this award will have overturn/annul it, we shall see what icsid does. Not long now...

onlooker you wont continue to employ the so called "insider" would you, a criminal, but these lying so and so have still been employing him since. That is strange and doesnt add up. acquiescence applies to our case, and we deserve compensation. I hope we prevail! imho

jamesss If you read the award, the insider got the licenses registered with forged docs according to indonesia. It is disgraceful, the foreign company invests and finds the resource and then roi shaft them, i hope freeport prevail...

really hope chl nail them.

The ironic thing is if Freeport do take Indonesia to arbitration roi might counter and use forged documents as their excuse to throw case out.

jamesss, so many possible scenarios, one possible scenario the hierarchy at world bank wanted this to go in favor of Indonesia, the case was passed down to junior assistants to write up the award. Im hoping chl give us detailed report of the appeal.

Its just makes you think how a former High Court judge and two senior law professors would make such fundamental errors, for example directly referring to and relying on witness testimony that they themselves had ordered be struck from the record. This is not the sort of thing you would expect from them, it just makes you think the decision was made prior and the case was passed down to their junior assistants to write up the verdict with reasons. Odd thing is CHL say that Noor signed both exploration and exploitation licenses, indonesia claim that the exploitation licenses were validly signed it just that Noor didnt have authority to sign the previous exploration licenses. With Noor refusing to testify this should have put the case in chl favour but the tribunal still believed he was tricked.

wrong thread. doh!

PW very confident of success in SQ region after the potential oil find. http://www.proactiveinvestors.co.uk/companies/news/167166/sdx-energy-sees-fantastic-and-unexpected-oil-at-egyptian-project-167166.html But Welch today added that the newly confirmed oil plays, unanticipated in this area, are prolific in the western desert region. “It allows us to pick [drilling] locations based upon both oil prospectivity and gas prospectivity,” Welch said in an interview. He added: “It is giving us a lot more confidence that we’ll have success in this area, on multiple levels.” “The fact that we can image it now and we can see clearly prospects and structuration down deeper has definitely got us excited. “And when I say deeper, it is not hugely deep here. We’re talking about 10-12,000 feet so it is clearly achievable at very reasonable prices to drill.” SDX is now building a prospect inventory and is looking at possible locations for new drilling, the company added. Its participation in an exploration well would be fully carried. So far, it sees fifteen leads, of which two are already deemed ‘drillable’. Further analysis and interpretation will continue ahead of the drill programme, slated to start in late 2016 or early 2017.

Uncanny On average around a year, I'm hoping mid way through roi give up and settle. They have lied there way through the case, I hope that is proven.. Putra thing is not made up he still works for govt..

benton whats your "a dvfn" username, i'll drop you a message. i cant send you one here as you are not premium member.

Uncanny Its looking like chl will go for annulment application which has to be submitted before the 6th April. Once that app is submitted a provisional stay of cost is put in place. Roi can challenge that but most of time stay of cost stays in place till the conclusion of annulment app. Chl think they have strong grounds to annul this award, if I was chl holder I would wait for what chl has to say before writing off your investment. Last update was worded strangely compared to other two, I know chl will appeal, this is with 100% certainty.

well those three alias's are off my screen, i can no longer see them... :-)) Very coincidental all three toeing the same line, its evident also by the number of post they have posted here.

well all my post are on the BB why dont you read them.