Oil Sands, page-37

Reading between the lines on the Indo situation - it looks like QPN took some calculated risks, but ultimately the situation didn't play out the way they expected. To me, it reads that Thamrin came on board to expedite the drill. Ultimately he resigned for non-professional reasons, which reads as if he was unable to get the necessary traction amongst the other stakeholders in the drill (locals, government, contractors etc). If you believe what you hear about doing business in Indonesia, then you'll have to fill in the blanks for how Thamrin was supposed to get things moving and this should prompt you to think that maybe QPN couldn't be straightforward about this in the announcements.

I'm not a management apologist - I am down 86% on the Louisiana duster prior to the Indonesian adventure. I don't see the point in selling now - might as well go along with whatever comes next.