Have to check but are they letting a couple of underperformers...

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29/08/16

11:15

Post #: 18759069
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Originally posted by PalmTree ↑

Back from holidays and EWC continue to have issues in Indonesia.

Does anyone have any idea what the below article means re permits and is it as bad as it seems.
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Not Extend Permits, PT SSLNG Wajo (EWC) questioned

22 August 2016 14:13
22 August 2016 14:13

RAKYATKU.COM, Wajo - Provincial Legislative Council (DPRD) Wajo warns of delays in the gas company in Langkenna, District Keera to immediately complete its obligations toward local governments. Chairman of Commission II DPRD Wajo, Asri Jaya A Latif urged PT SSLNG soon complete its obligations in terms of license renewal disorder (HO), which was over six months ago. "Based on the Regulation No. 18 of 2011 on the levy, permits
interference PT SSLNG already expired since February 13, 2016 and then," he said.

Further legislator of the Democratic Party, cotton area moving company ekspolrasi the natural gas area of 201 800 square meters with the amount of costs Rp908,195 million."Before the decisive steps, the PT SSLNG please complete its obligations, because until today (08/22/2016) the arrears have not been paid," he said.
Meanwhile, the Head Office of the Licensing and Investment business Wajo, Samsu Alam also confirmed the delay in the PT SSLNG complete its obligations by sending the form of a letter of reprimand.
"It's too late, because since 2 months ago HO permit his own ends, but until now there is no clarity sequel. We have already affirmed by sending a letter, but still there was no response from the SSLNG," he said.

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Have to check but are they letting a couple of underperformers leases slide?

EWC Price at posting: 27.5¢ Sentiment: Hold Disclosure: Held
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Have to check but are they letting a couple of underperformers...

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