"Quest has received formal confirmation from the Indonesian oil...

"Quest has received formal confirmation from the Indonesian oil and gas regulator SKKMigas that the land transfer has occurred."

Herein lies why this has taken so long.

Thamrin knows what lies beneath...management knows what lies beneath.

It was a strategic move to purchase the land. They could not do another thing until SKKMigas notification was received. Clearly the Indonesian land transfer system works differently from ours.

I expect a follow up announcement imminently with the date of rig mobilisation and proposed spud.

Perhaps we might even get a BRR as the news machine cranks up.

Kiril.

I hold.