indonesia pgn: in initial lng deal with energy, page-4

Hey All,

I think this link gives a slightly better explanation -

http://www.thejakartapost.com/news/2009/09/08/pgn-signs-initial-lng-contract-with-eees.html.

The lng recieving terminals are separate projects to Sengkang LNG.

It all sounds great.



Anyone have any ideas why the market is so unimpressed by the news?

Maybe Palm Tree is right and we need some official approvals from the Indonesian Govt to get the bounce ( and then the official ASX announcement by EWC !).

The right people in the Government are certainly sounding keen so its hard to understand why shareholders would be selling now with major developments seeming so close?

Regards Shamish