Do you know how much land costs in Indo?
That is what Anthony said to a friend of mine when he asked why buy it.
High risk....Thamrin derisked this stock with a 2 year study of this block when he was the head of the Geology Dept at Trisakti uni in Jakarta. Not totally derisked, but I haven't seen such a lay down misere in oil and gas before!
I hope that with the lengthy delay that Ken Bull has been busy honing his drilling skills, sourcing a rig and planning ongoing strategies. He may have been busy with Moyes and Co though we don't know.
Any way you look at it with yesterday's announcement we are on the way and considerably derisked.
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