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Is the delay in the signing of Permata linked to PM507 signing due February and or Temaris farm in?

Happy Xmas all. Hoping for a cracking end to the year and a lot more in 2026.

Excellence. Hopefully some decent terms/numbers.

Any rumours regarding Permata?

Cheers.

Looking forward to the RNS.

Hi ya, what’s your views with current state of play with Sea?

Possible 6 days for news for Permata.

December 19th, 22nd, 23rd, 29th, 30th, 31st..

I can sit on my hands a little longer.

News soon? Just digging around, doesn’t look like Petronas have any more meeting conferences for the rest of the month…

Nice time for signing ceremony?

£53m MC for UPL now…

Have I missed something? UPL up 25% last five days.

MC more than Sea’s

Going by this, Permata Cluster should have been awarded in October….

https://www.theborneopost.com/2025/01/20/sabah-fields-among-bids-for-upcoming-petronas-mbr-2025/

Hi Oiltdr,

Do you know why Vestigo Petroleum gave up the original PSC?

Some old new.

https://www.offshore-technology.com/news/vestigo-south-east-collins-petronas/

If we do get it. The PSC will signed this December.

Block PM507 deadline 01 December 2025 - Enhanced Profitability Terms

Location: Offshore Peninsular Malaysia, eastern side bordering Indonesia

Area: Approximately 3,500 km2

Water depth: 30 to 150 meters

Geological setting: Mature Malay Basin with established hydrocarbon reserves

Nearby discoveries: Malong-1, Anding-1, Sotong-1, Aji-Aji1-1

And you have block PM443 and PM444 old blocks P308B and A below 507

Block PM507 deadline 01 December 2025 - Enhanced Profitability Terms

Location: Offshore Peninsular Malaysia, eastern side bordering Indonesia

Area: Approximately 3,500 km2

Water depth: 30 to 150 meters

Geological setting: Mature Malay Basin with established hydrocarbon reserves

Nearby discoveries: Malong-1, Anding-1, Sotong-1, Aji-Aji1-1

And you have block PM443 and PM444 old blocks P308B and A.

Totally agree. With news on farm in due any time, we’ll see another move up soon. And we’ll have this up and down all next year. People can be inpatient, see other opportunities and then we have the disingenuous ones…

Thanks…

Do you think they’re stilling for a production deal? Or has their focus changed due to the size of Temaris?

INPEX likely begins with Block 4E, which must see activity before its first exploration period expires in February 2026.

If Petronas approval and rig contracting move quickly, Kertang could spud as early as June–August 2026 — effectively slotting it in just after 4E, ahead of the shallower Sabah wells.

I think Temaris farm in will be sooner that people think.

Throw in potential production deal too in the short term. But yes, plenty of other activities in the future that will take time.

No problem.

You mentioned how Petronas have been with the data etc… It’s definitely great that they have that relationship, I had poor signal but I’m sure I hear James say that they can approach Petronas about fields outside the bidding rounds.

This was interesting to look over.

https://gsm.org.my/wp-content/uploads/gsm_file_2/702001-101921-PDF.pdf