Member Info for shamI89

Apart from money,psc and asset.Where is Psc,aaset and where is money to fund drilling would come from?

Problem is whole investment case is based on nothing but hot air.You have got to be stupid to believe that Sarawak goverment would chose this minnow which has neither technical ability nor finanicail resources to develop these assets.BOD has milked this situation really well and a few mug punters have done really well .Remaining mug punters are sitting on 60/70% losses.BOD is trying to drag it out until August 2025 and knows fully well that it would be game over by then.Bigger fool theory on display here.

They have already rejected application for exclusive Psc and whole investment case(if mug punters believe there is a one) is based on that government of Sarawak overturns this.

Https://www.upstreamonline.com/politics/petronas-mulls-court-injunction-as-sarawak-seeks-greater-control-over-hydrocarbon-assets-report/2-1-1707401?zephr_sso_ott=guZXMT.

I bet next RNS would be a "takeover bid" offer which BOD has refused as 140 millions is far too low for these "assets".

BOD is getting innovative as before it used to be "rig " news and that rig news was meant to be used on asset that is going to be tendered through competitive bidding in Auggust 2025.Then we had "Tr1" and now these "meetings RNS".

Lol I have never ever worked at Network Rail,is it another imaginary story like "PSC".

Lol we all know who is having a "break down" .All the way to 0

Is no psc here as I have asked mug punters countless times.If there was a PSC these mug punters would have produced an evidence.

Where is psc and where is asset?

Lol just a matter of time before it heads for zero.There is no psc, no asset and not enough funds to drill to fund an exploration drill.

They have no control of timing of psc and they have no cobtrol over PSC.Lets put it this way Petros want to tender it through bidding and PSC will go to bidder who has more to offer to government.Why would they want to give it to a minnow which has no money,no experience and above all no integirty?

Dont worry about me pal, being "negative" and "positive" is part of investing.So if someone gets offended it is his problem not mine.

So dumping begins.That is market's way of giving that shut up call to BOD.It can only drift down from here!

What sort of material news are we expecting when Petros authority who deals with this psc application has said that it does not intend to offer this block until August 2025.This company has acknowledged that article and that indicates that article is right.In my opinion Petros have rejected application for "exclusive Psc" as why would it want to offer it to a company who bribgs nothing to table.

Following the completion of the Joint Technical Study in December 2023 the Company has been in communication for some months with the Sarawak government and Petros pursuing the Company's interest to participate exclusively in a production sharing arrangement in respect of Block SK334. We are in continuing communication with the Sarawak State Government, the final authority for awards of Petroleum Sharing Contracts for Sarawak Onshore Assets.

Company was in discussion with Petros and Gocerment of Sarawak for sometime and is now only talking to 'Government of Sarawak"...why?

Hahahhaha you have got to laugh when Petros authority who will grant this psc is saying that ut will tender this psc through competitive bidding and our mug punters dont believe it.Company had a chance to deny it but it did not so we there is no reason of not believing that article as if it contained wrong information company would have denied it.It is mug punters against whole world.

Goernment has certaintly turned down its application for "exclusive psc", as far as competitive bidding is concerned it will be after August 2025.

I knew it as Obtala resources and it had some amazing assets.Since then it has lost 99.5% value.

Lol what is "investment case " here as there is no asset/psc and not even enough money to fund a drill?