85/15% with the Indonesian government under the PSC????
LOL you numpty where do you get that figure? OSUnds like it is made it up I think.
You are seriously incorrect
The PSC is with SPE for a start. And we are about to have approx 60% of it once the application is approved. Although we are currently looking to sell approx 20% of it.
If it was 85/15 with the Indonesian government it would not be feasible for any international investment in oil and gas to occur in Indonesia.
1200 bopd from one well with an extra 800 bopd from a second well expected.
We pay royalties to the Indonesian government (like most oilies do with governments in their respective regions they operate)
What you mean to say is what is the Indonesian royalty per barrel of oil sold? I would say approx 20% tops..
OEX Price at posting:
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