QPN 27.3% 0.8¢ quest petroleum nl

A bit of Google-ing: According to this report, the exploration...

  1. 16 Posts.
    A bit of Google-ing:

    According to this report, the exploration permit on Ranau lasts for 6 years from September 2011.

    Source:
    http://www.*.com.au/companies/news/...ransformational-in-company-history-32689.html

    But here, it looks like it's clarified that the September date was the announcement of the winners but formal sign-off was pending in the following quarter.

    Source:
    http://www.asx.com.au/asxpdf/20111027/pdf/4222f3clv98gg7.pdf

    It does raise the question of the start date of the 6 years of the permit.

    But, if we look at this Google Translate from a Migas-related website, it looks like the permit lasts for 3 years from November 21st 2011.

    Source:
    http://translate.google.com.au/tran...esdm.go.id/wap/?op=Berita&id=2494&prev=search

    Original page here:http://www.migas.esdm.go.id/wap/?op=Berita&id=2494

    This sign-off was performed by a person called Jero Wacik who in early September 2014 was
    "named suspect in an alleged extortion case linked with his position as a minister in 2011-2012 on Wednesday."

    Here is the source:
    http://www.thebalitimes.com/2014/09/08/energy-minister-jero-wacik-named-suspect-in-corruption-case/

    A few days later, the Jakarta Post reports that:

    "The incoming administration of Joko “Jokowi” Widodo looks like it will act tough on the energy sector as it weighs disbanding the Upstream Oil and Gas Regulatory Special Task Force (SKKMigas), which many have said is not doing its job well."

    Source:
    http://www.thejakartapost.com/news/2014/09/16/new-govt-put-skkmigas-petral-chopping-block.html

    November 21st 2014 is only a few days away. Just saying...
 
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