Member Info for mikemike

?? They are playing at politics in SE Asia it is a deadly game. They have little intention of playing anything other than the man, the ball is just an excuse. Do not mistake the vacuous smiles of insincerity as anything other than what they are. Very much their, country their rules. How this affects things remains to be seen

Jiving thanks for those posts Seems to me that Najib had agreed to let the sarawak Tun keep a good deal of the petro dollars for his political support. I suspect the agreement to devolve the petronas holdings to sarawak is going to be on hold for a time whist this sorts itself out. This action is long over due as both Sarawak and Sabah have been looted by a few The politics has yet to begin More convinced than ever that the SP has not fully factored this in

Does look like a case of ''use it or lose it'' is now in place. i wonder why we have not lost hanetti, not complaining, just wondering.

pauly perhaps the other way to look at this is why would the other 85 want a license without the power to get it working. I suspect energy as a strategic national resource is going to be first focused and that the 3 SML will be top priority

'But there is a difference from contrarian views to vouching for someone on a bb you more than likely don't know because you both have a vested interest in the SP doing good. ' Not sure how you have come to this conclusion ''Last time he was in power there was corruption, as a result he has been voted out for the past 63 or so years. Does he want to be in one term then voted out the next 60+ year'' Completely confused me with this one. Anyway. My contrarian view at this time is that there will be a further retrace whilst political uncertainty prevails. The prevention of travel on Najib and wife is going to fuel the politics as those who received his Bung in Sarawak are going to be looking over their shoulders and wondering if their lear jet is going to get off the ground. I am not going to predict the bottom of the retrace as bottom picking is a disgusting habit. I expect downward drift for the next few weeks

Worrying about Fc is the least of my worries:))

trade i suspect that political uncertainty, may see the sp continue to slide until either Wick or the NA come in to play. The sp will turn back up just i suspect not this month. then again i have been wrong before and may be wrong again. truth is no one knows for sure

jiving i understand that you are an old malay hand. I spent many early years in JB at school there. Wonderful country i still live and work in Se asia and get us much Malay time in as I can

Finncairn Just because a person has a contrarian view does not make them poorly researched, nor are they just spoon fed. They are investors who understand that the SP does not go up in a straight line and when a retrace has been observed are happy to accept that there may be good reason other than the usual cry of 'mates rates'. I am not unhappy with my investment purchased at 1.278. may top up some more by end of this month. I am also not 100% bought into the idea that there will not be political horsetrading that may or may not come in to play with Federal? states interests not being entirely aligned. that is the very nature of politics. Like Others, I also invested because the risks in UPL are spread as well as the fundamentals of Wick and Asian potential. Not so sure about the N Africa side of things. I will continue to be contrarian, if I see it as being a potential factor affecting research.

Did his lips move then he must be truthfull. This will be thrashed out, do not expect it to be sooner than later. once politicians get involved time scale slippage is the usual order of the day. Does not mean plans will not go ahead, just may get delayed.

You know far less, which is why you are not allowed out anymore

??

The day you get a grip you will have shipped out

Notes from an expat in Sarawak ''I haven't seen much celebration or mourning, though. The Malay Kampungs across from my condos in Kuching are oddly quiet tonight, usually a lot of motorbikes zipping about, some karaoke, but that may be because of the holidays that were called. Or maybe they went to bed early after staying up late. The whole city is actually pretty quiet. Sabah and Sarawak States politicians don't know what to do. Those in the BN coalition parties have said "you have to be part of the Federal government to get what we want back in Sarawak/Sabah"...but they are now on the outside. One would think if they really believed that then they'd leave BN. They still have the majority in the State legislatures, and in Sarawak the still have the majority of Federal Parliament seats. But they've lost their Ministries and their capability of giving out cash at election time. In Sabah it was perfectly split, but a tiny party that won two seats went over to BN, while at the same time calling for the BN Party to form a "Sabah Independent Party"? Crazy times. But interesting.''

I agree there is no status quo for Sarawak Dr M will not accept any deals that Najib did because the rule of law will declare them corrupt and null and void. Federation comes before states rights, the Feds will not give up control of O & G to the States. Sabah should be the richest of all the sates based on their resources yet is the poorest. Brookes will follow what DR M tells them. Probably why we have seen a mild retrace in the SP since the election. The retrace may gather some short term momentum until we get to the tipping point for The August drill.....if the SNP does not declare UDI!!

''To reinstate the rights and status in Sabah and Sarawak as enshrined in the Malaysia Declaration 1963.'' I suspect that is the point as the good Dr m had since 1963 until 2003 when he stepped down to do this and did not. I also suspect that no one expected him to win this time around. Time will tell.

http://transportationandstorage.energy-business-review.com/news/bp-alaska-agdc-sign-binding-gas-sales-precedent-agreement-080518-6143205

ralph there is nothing to stop rkh making an offer and nothing to stop that offer being rejected. if it goes hostile Noble will not sit back and watch

How will RKH pay for that as Noble are very heavy into Argos?

I wonder what tariff rate is charged by Songas