re: tastarga-current indon attitudes TasLots of talk on the...

re: tastarga-current indon attitudes Tas

Lots of talk on the street. No-one really cares about the bali drug thing very much, there are bigger issues.

Seems by all accounts a bombing against a western target is a near certainty unless authorities intercept. Never seen the local uniformed/non uniformed cops so active.

As mentioned in earlier posts would not be punting indo outfits at the moment till this thing is sorted out. Not sure if will effect aussie companies - but you just dont know. Watch Thiess, Clough,Leighton,BHP and Santos they all have billion+ contracts/exposure. HER is vulnerable as North Sumatra has been repeatedly mentioned in warnings.

Otherwise and somewhat paradoxically confidence is high (relatively!). It seems the Cepu oil field imbroglio may be resolved (for Exxon - 2 bill barrel onshore field) and there is a definate surge in O&G exploration. Tangguh is steaming ahead and will be a significant challenge to North West shelf when its producing. Already talking about accelerating 2 extra trains. It will be massive. I believe Total have hit a deep water 1bln find in NW Kalimantan - not long before Malaysia tried to double stake with Shell, fun and games up there. TNI have stationed thier fighter jets in Balikpapan in case any more sabre rattling is required. lol.

So much ado - but all it takes is one major security event and it can all turn to sh*t. I have no understanding of the ins and outs of copper supply/demand but China is not the only one on the march- the govt here is pushing to build immediatly some 20 power stations and 17 major transmission lines. When 264million get access to cheaper power there is a lot of catch up for things that need copper wire. I amagine India is no different. BTW watch Leighton/Petrosea increase their order book.

cheers