re: Ann: Triangle signs agreement with Aceh g... PSC statusThe...

re: Ann: Triangle signs agreement with Aceh g... PSC status
The Pase PSC expired on 22 February 2012 and Triangle Energy was advised by BPMIGAS to continue to operate the Pase Block for a further six months while a decision is made on the PSC

THEN.....
Triangle signs agreement with Aceh government owned PT Investa Aceh

So what ?
It has been well known the Aceh Government supported project.
What has that to do with BPMIGAS & the Indonesian Government ? They are the trump players.

It just does not sit right with me.
They have been trying to get this renewed for what ? Last 18 months ?....and now this............almost seems like a Government stalling tactic.

Why a "fourth" party so late in proceedings ?

Why no formal agreement, only a MOA, this is going to go on another six months or more.

Something more definitive should have occurred after all this time & "SUPPORT" they say they have.

Does not feel right to me.