What’s people’s thinking that PT Pertamina (JV partner) would be the company supplying the rig?
Seems a bit left and right hand to me, but is likely the reason for noting the approval. With PT Pertamina being effectively the gov’ts oil company they’re going to be slow and allocate rigs for best return or where there is a very squeaky wheel. Hopefully BAS is shaking the right hands. Also it’s the Indonesian presidential elections on the 17th of April. If the incumbent stays it would mean minimal change for govt contracts. So hopefully all going well there should be some traction once the election results are in.
BAS Price at posting:
0.3¢ Sentiment: None Disclosure: Held
