Big problem for this company is they are basically insolvent and...

Big problem for this company is they are basically insolvent and depending on the good will of the creditors to stay in business. On top of that the one producing well on the field is already watering out after only four months.

Schlumberger have estimated a cost of USD19 Mill to get production back to the 10,000 bopd level it was allegedly going to be at from November last year - even if the creditors do agree to defer current payables AND fund the reinstatement program, how much upside does anyone think shareholders are going to see out of it all?? Remember that Pertamina take BIG royalty payments off the top of all production as well.