Now happening: One local player (PT Enso) that could have played...

Now happening:

• One local player (PT Enso) that could have played the watch to pick up the pieces once the company would have gone out of business but prefers to make an offer for the prize asset anyway.
• An Indonesian region that is completely opaque to western understanding.
• Now this amazing deal from big shot Singapore investors with century old experience in Oil & Gas industry

There is a trail of clues/evidence that is leading me to think that there is much more behind this than just this little Australian company in Indo territory.

Also note the complete lack of interest for the well in Queensland in the offer’s highlights. This is reinforcing the sentiment that it is all about Pase PSC for the new investors.

It would not surprise me at all if the real potential is not in the projected production but in the exploration side (elephant field somewhere closer than we think?).

Looks like the tip of the iceberg when you look back at all the activity on this company.