Of course there has to be some use for BS to partner with PNOC...

Of course there has to be some use for BS to partner with PNOC (clout?). However, PNOC got into trouble before with regards to the Malampaya Oil Rim project (granting it to Mitra Energy without a proper auction process). Thus, the passage of EO 55 (beware the Ombudsman). Regardless, the DOE will not do an unprecedented thing (this will be the first time an SC may be given a new lease on life...never happened before on a 50 year old SC) without proper DD. Two things to demonstrate Nido and BS deserve the resuscitation of bonita-cadlao: (1) a drilling rig contract that show rig mob at a certain target date and submitted before Feb 2024 and (2) proof of funding for Full Field Development (POD) (something Sacgasco claimed they had sorted nearly two years ago but clearly their bailing out of Nido is not a good look for them). Both these things have not yet happened and most likely will not happen prior to the Shareholders meeting in late Jan 2024. Tick tock goes the clock. That drillship must be getting anxious.