If anyone has the contacts to unlock the South Sumatra riches Saxon Palmer has. No better CV imo. Market has not woken up to this just yet.
Merric and PrabuEnergy have been led by Mr Saxon Palmer (see Annexure A), a highly experienced oil and gas Executive who until 2007 had previously been an Exploration Manager Australia/Asia and Portfolio Manager for BHP Billiton.
PrabuEnergy has developed key relationships with prominent oil and gas players in Indonesia, in particular with Mr Mochamad Thamrin (see Annexure A), a leading industry professional with a deep knowledge of the petroleum geology of South Sumatra. These relationships are important to understanding the petroleum geology of South Sumatra, acquiring assets and executing work programs in the area.
The subscription for up to 25% of Merric will provide Quest with access to significant oil and gas opportunities in a highly prolific oil and gas region in South Sumatra.
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