Predicted and predictable. They sold Nido (which means SC6B Cadlao, SC54A, SC58 and West Linapacan). They no longer have any kind of control over the Philippine assets (I predict Nido will be kicked out of the JV). Kaput. Crappy working capital with the addition of another expense (Mr. Kane). No drilling rig booked and no need to since it is up to BS. BS will do nothing, will give up no cash to SGC, unless PNOC joins in. Do you see how wrong this is? Whatever happened to their "wonderful" timeline of milestones of June 2022? Too easy to dismantle. That they fooled some to purchase on the pump and dump is disgusting to say the least.
Ann: Philippines Assets Divestment Update, page-9
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