Have you heard the chinese fable of the village idiot who found a buried treasure chest in a deserted piece of land? The treasure chest was too big for him to carry alone, so the idiot decided to go and get some help.
To prevent others from finding the treasure, he came out with this smart idea. He put up a sign on the very spot where the treasure was located warning everyone…
“There is no treasure here, go look for it somewhere else!”
Now we have the malaysian version of this story or is it just me that is reading too much between the lines?
You read and draw your own conclusion!
Straight Times 30 Nov 2006 headlines
“Johor & Petronas deny report of oil discovery”
but a few days earlier…..
lifted from malaysia Bernama news agency…
|Petronas Finds Oil And Gas Reserves In Johor Waters
By Mohd Haikal IsaJOHOR BAHARU, Nov 28 (Bernama) — National oil company Petronas is believed to have made its first discovery of oil and gas reserves in the waters of Johor.According to reliable sources, Petronas made the discovery of the two fuel resources in a coastal area east of Johor.The sources said that Petronas recently had a briefing with Johor Menteri Besar Datuk Abdul Ghani Othman on the findings.Abdul Ghani made an unofficial announcement of the findings during a Hari Raya gathering last week, organised by Umno (Pengerang Division), the sources said.“The area (where the oil and gas were found) is believed to be more than 1,000 hectares. According to research, the oil and gas reserves from the area were of “significant amount,” the sources told Bernama here Tuesday.According to the sources, the whole area of the oil and gas discovery is divided into two areas coming under the jurisdiction of both the federal and state governments.“The whole area is situated in Malaysia. It does not involve the waters of Indonesia or Singapore, and therefore the issue of ownership does not arise. It is ours,” the sources said.The discovery is believed to have been made following a comprehensive geological study undertaken by Petronas on the coastal areas where the oil and gas reserves were.“Johor would make gains from the discovery, and among them would be the payment of royalties, as well as other ensuing economic benefits such as the establishment of oil and gas based industries and employment for the local people,” the sources said.Prices of land in the affected areas are also expected to go up significantly following the discovery.
SINGAPORE BECOMING AN OIL PRODUCING COUNTRY? mind boggling isn’t it? considering the proximity of Johor and Singapore, can’t rule out the possibility. I can think of a name for the new singapore oil company…
PAP Oil Limited, PAP stands for pump and pump muahahaha!!!
Brudders all, please load up on SRC (spore refining company) shares.
Don’t tell people you hear it from burung pipit!