RE: PSC to move along now that Sarawak has secured the continental shelf and everything below it?6 Aug 2024 16:53
Wait and see as whole things stink but you are in balls deep to tell the truth.Bod received and rejected a takeover off of 140 millions and did not reveal the identity of "buyer" amazingly a buyer was willing to payer 140 millions for a cash shell with couple of hundred thousands.But that "offer" enabled bod to raise 3 millions...what a "blessing in disguise" that offer was.Comedy did not end there,bod did not have any asset but nonetheless that did not stop it from booking/selscting a rig and it went as far as paying the deposit.It was only through petros that mug punters found that there is no such a thing as "exclusive PSC" .However all of sudden we have multiple "directors" buying to take advantage of "cheap" shares.There are hell a lot of coindidences here as it looks like directors have woken up to "potential of this asset" which was not visible to them before.