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When the SundaGas guys (Dr Andy Butler and Paul Ebdale) were at Mitra Energy they had a London based chairman that was managing the city based financing. Its possible that a similar setup will be used temporarily or permanently. In any case the SundaGas prospects being brought to the party far outweigh anything BOIL bring.
We will be in a marriage of convenience for all parties.
Lots of things that are written on these boards could influence the way people vote on the EGM resolutions. So comments may not impact the share price, they could determine the outcome of the RTO.
Telen is going to be drilled in the first nine months of next year. By the time the RTO is completed and the new company (SundaGas Plc) is formed the information of drill dates will either be under way or a near term prospect. Which means the sp will climb as soon as the SundaGas Plc shares are available.
Gkb47.
You seem to have overlooked the other SundaGas assert. See below from RNS.
2. Telen Block, offshore Indonesia
SundaGas Indonesia Telen B.V. (a wholly-owned subsidiary of Target) operates with a 100% working interest the Telen Production Sharing Contract (the "Telen PSC"), offshore Indonesia, containing the Hiu Marah drill-ready prospect, which has independently audited best estimate prospective resources of 126 million barrels of oil and 208 billion cubic feet of gas. The Telen PSC was acquired from TOTAL in March 2018. SundaGas is currently running a process to farm out the drilling of the proposed Hiu Marah well which is currently required to be drilled by 8 October 2020. The exploration phase of the Telen PSC runs until 8 October 2022.