Ann: Philippines Drilling Update, page-8

Good catch ItalianoNero on that 12-month from Agreement Date tidbit. I missed that one. But here again the company is already preparing the market, albeit piecemeal, that (a) we are not able to get Cadlao POD financed (six months on from the Manta deal), (b) best case to drill anything in the Philippines is mid-2023, and (c) we are only signing Term Sheets of Intent because we are still awaiting Cadlao and Nandino FIA approvals.

I wonder if those photos are stock photos from the first SC 54 campaign. Bangchak claimed that they had some "stuff" leftover from their Nido purchase which was related to the Yakal and Tindalo attempts. And if that is true then you should consider them past their sell-by date (i.e. useless).