QPN Investors and management : Indo needs OIL and Gas yet another update from one of the top 15 wealthest countrIes in the world.
I guess we all wait for drilling update and prospect from QPN Management,With July nearly over soon QPN will have to update investors via the quarterly report.
Lets hope what QPN has underground can start assisting and helping with demand and output ref reports via their website http://www.questpetroleum.com
Lets hope the drilling is significant before wet season in Sept !
Refer Jarkata Globe
Indonesia Oil Output to Rise to 870,000 bpd in 2014 By Fergus Jensen on 2:54 pm July 5, 2013. Category Business Tags: Indonesia oil and gas industry, Indonesia oil production, SKKMigas Indonesia’s oil output is expected to rise to 870,000 barrels per day in 2014, up about 30,000 bpd from this year’s target, the head of the country’s energy regulator said on Friday.
If Exxon Mobil’s Cepu block starts producing by October, next year’s production could rise further to 900,000 bpd, SKKMigas Chairman Rudi Rubiandini told reporters.
The former OPEC member was once self-sufficient in oil and gas but has been struggling for years to attract investment to halt declining output.
Southeast Asia’s largest economy has often missed annual oil production targets, which have gradually fallen from a peak of around 1.6 million bpd in 1995.
Reuters
QPN Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
