A whisper from Indonesia is that the Walawi gas/oil project sought by AEM, after floundering in an ocean of red tape for 18 months, may be about to conclude. It must be very hard to get deals done in Indonesia but it may also be worth it. There is a lot of work to be done on this project but there is also a lot of existing infrastructure on the ground. With the current SP where it is one would expect it to only go up and quite substantiall relative to its current position. Thats just MO, do your own research. Time is always a detriment and one thing to company needs to do now is to hit the ground hard given the delays in getting the project appovals to date.
CWG Price at posting:
6.9¢ Sentiment: None Disclosure: Not Held
