Yes, I am really glad I have this AGUNGSS BUSINESS LAWYER NOTE Blog with the Content containing Articles covering legal aspects involved in the Business done in Indonesia particularly in the Oil Gas, General Mining Sectors. These includes Financing Engineering Mechanism arrangements how to raise funds, required to pursue business operational ventures in the Oil Gas and General Mining sectors covering the upstream activities from Pre - Operating stages, exploring, exploiting, producing, up to the Down Stream such as refinery, smelter and selling the Mineral and Carbon products.
- From my experiences as Independent Business Lawyer, we captured that getting funds during the Explorations stage where no yet Cash-in are generated, shall be the significant elements faced by Indonesian Companies.
Frequently, during this Commitment Expenditure Phase in the Oil Gas Exploration stages, after drilling several explorations wells, the Indonesian Companies will require more funds to perform their Exploration Drilling Activities, upon which they will seek additional funds from Investors to participate in their Exploration Drilling Wells. As we know the rule of thumb of success ratio in the Oil and Gas business is : 8 : 1 meaning after drilling 8 Wells only 1 Well is a Discovery Well and the other 7 Wells are dry Hole.
We can observed that the Indonesian Local Senior Professionals, who had experienced in the management, technical, economic, audit, human resources, legal knowledge and know how during their assignment in the various Foreign Oil Gas and Mining Companies operating in Indonesia, shall gather a Working Team and start to discuss, prepare and make proposals and presentations to several Indonesian Business Companies / Investors pursuing them to start venturing in Oil Gas and Mining Business Operations in Indonesia.
These Senior Professionals formerly had learned and gained knowledge and experiences from their former business pioneers originating from several American Oil Gas Companies such as Stanvac, Exxon, Mobil Oil, Chevron, Caltex, Vico, Unocal and several Australian Mining Companies who operates their business in Indonesia. Based on their experience they managed convinced the Indonesian Investors that a Prospect Oil Gas Discovery will be feasible based on their geological studies and reservoir engineer studies.
It was 500 Years later that the great European migration started to begin. You can imagine crossing the Atlantic will take over more than 2 to 3 Months with the risk of seasickness, lack of food, and diseases. But the high hope to gain political and religion freedoms kept the Europeans immigrating to America. In the 1820-1880 The Industrial Revolution had begun, where slave trade was nearly ending. Railroad was constructed, since America was pushing west, for which thousands of immigrants could found work on the trans-continental road, where many towns were settled along the way. The news of this California Gold Rush (1848-1855) had spread around the world, which attract immigrants from Asia and Europe. Gold was found by James W. Marshall at Sutter's Mill in Coloma, California. These Gold Rush News had attracted approximately 10 thousands immigrants not only from Asia and Europe but also from Australia also and Latin America. The Non-native population in California become 100,00 which pre-1948 the figure was less than 1,00. A total of $2 billion worth of precious metal was extracted from the area during this Gold Rush which peaked in 1852.As we noticed and understand from past histories, these American Oil Gas Companies had experienced conducting their Oil Gas and Mining Ventures in their Country, which started from the Early Gold Rush Ventures performed by their Ancestors who were American Pioneers Entrepreneurs originated from British and Scotland Immigrants who immigrated from the Kingdom of Great Britain, during the European colonization in America in the 17th Century. Actually the Spanish, French and Dutch came first as immigrant to America. Around the year 1000, a small number of Vikings also arrived in America.
Back to the British Immigrants, we understand that they left their original home town in the Kingdom of Great Britain in Europe to seek and become the Early Pioneer Large Immigrants and Settlers in North America, in their efforts to strive gaining Equal Opportunities Rights before the Law, freedom of religion and politics reason. They felt that were not treated equally, since they were not borne from the Aristocrat Blood as well as the Land Lords Higher Strata who owns lands in Great Britain. The Spanish came on the end of the 16th Century. The British settled in New England and Virginia, the Dutch in New York and New Jersey, and the Swedish in Delaware. We also noticed that immigrants from Africa and the Caribbean were brought by force in 1619. We observe from the data we gathered in the web source that among the British immigrants and settlers were indebtured servants willing to trade 4 to 7 years of unpaid labors for a 1(one) way ticket to the colonies and the so called promise land of America.
Thus, their goals and targets were to "boost and jack up" their hierarchies strata status from "Second Class Citizens" to become a more higher hierarchies status, which they are unable to reached in their original place in the Kingdom Monarchy of Great Britain; This is really similar with the Lower Strata Level of Society in the Hindu Culture in India called "Paria", where these group of people are automatically born to be the lower level class citizen since they were not being born as the Higher Brahma Strata in the Public Society.
The "Strong Popular Motto" which we understand and is frequently heard is that "North America is a "Free Country", where any person can achieve their Goals and Targets to the Highest Level in the Society; My understanding of this Declaration of Independence reflects Rebellion by the Immigrants and Settlers in North America against their Non - equal treatment politically, structurally and legally.
Well, folks these is part of my story as a Professional Blogger to write and share perceptions and understandings of the World we are living, where at this present moment Europe experienced the Massive Immigration Waved coming from Syria, Iraq, Afghanistan and all part of the Middle East through Turkey Entry Point, where we can observe, that there is a Huge Massive Change Happening taking place in such Region, due to the War Crisis, involving their people who also seeks to find a better quality of life to be freed from the Established Monarchies and Repressive Ruling, where many Big Countries are also having a Big Role involved in this War Crisis, effecting the Oil Gas, Energy Energy Prices and Supply due to Real Geopolitics Power Play.
Jakarta, 12 May 2016
Agung Supomo Suleiman
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