RE: Reminder what is for Sale/Sundagas18 Apr 2023 16:41
The Island is now moving to the precipice of a fiscal cliff, so now have to
make something happen, Bayu -Undan , its majority source of revenues
depleted, the cash stops flowing around NOW
They are throwing money at both projects, so it's now down to them, gone
cap in hand again this past few months to , USA , China , OZ and others.
Think all now awaiting what Woodside says, back them or not and if not will
as TL have threatened, will they go to the China BRI/Others.
The 2 1/2 year lame failure of a bid round, showed the mistrust the industry
have, taxes etc were lowered from what they had in place, to encourage them
to return, they did not and the few that did get involved, still have not signed
off their PSC's
They were to be signed off by Jun/July 2022, last ANPM announced in November
to be done by February.......no news since.