reference Jarkata Post Debnath Guharoy, Roy Morgan | Business |...

reference Jarkata Post
Debnath Guharoy, Roy Morgan | Business | Tue, February 26 2013


The below confidence from Government and support over the next 2 - 5years to grow Indonesia is a positive outcome I feel for QPN.

Especially around their oil and gas land holdings. Note comments the government is desperate for fuel supply and once QPN can spudd,we know they have a potential to untap vast reserves (as per their records)this will be a positive aspect for all QPN Investors and their stakeholders.


Reference:
Commenting on the latest ratings, KADIN Chairman Suryo Bambang Sulisto put these heady developments in perspective when he said: “Who needs yet another world record? For everybody’s sake, we need to take advantage of this unique level of confidence. This is a good time for investors to plant more seeds locally, in our consumer economy. It is also a good time for the government to withdraw the fuel subsidy. We need more and better infrastructure, urgently. Cutting the subsidy will unlock the required funds. Such a decision would have an impact on the consumer economy, but we will recover from the jolt quickly, as we have before.”

Despite the global odds, the local economy is in unbelievably good shape. But the irony in the comment could hardly be more poignant. More than any other factor, it is the fuel subsidy that is depriving the economy of the fuel it desperately needs. More infrastructure. Not only will infrastructure development combat the strangulation looming ahead, it will also create more jobs and even more spending. Is anybody listening? More pertinently, are the political leaders of this confident nation listening to the pleas of leading economists, bureaucrats, academics, bankers and industrialists?

We all wait for Quest Petroleum updates...