Cempaka Business and Economy: Pertamina May Be Ready for Share Sale by End of 2008

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Saturday, January 27, 2007

Pertamina May Be Ready for Share Sale by End of 2008

By Arijit Ghosh and Wahyudi Soeriaatmadja

Jan. 26 (Bloomberg) -- PT Pertamina, Indonesia's state oil company, said it may be ready for an initial public offering by the end of 2008 after weeding out corruption and improving accounting procedures.

The company would have a market value of $30 billion, making it the biggest stock on the Jakarta Stock Exchange, company President Ari Soemarno told reporters yesterday. Pertamina hired McKinsey & Co. to improve corporate governance and tapped Schlumberger Ltd., the world's largest oilfield- services provider, to evaluate exploration capabilities, he said.

``Investor appetite would obviously be great as Pertamina still holds monopoly rights,'' said Andi Nugroho, who helps manage $22 million of bonds and stocks at PT Cipta Dana Asset Management as investment director in Jakarta. ``The question is how the management is willing to commit to transparency, a weak area that state-controlled companies typically have.''

Pertamina's market value may exceed PT Telekomunikasi Indonesia's 193.5 trillion rupiah ($21 billion) as of today. The oil company wants to raise money to fund its oil and gas exploration and reverse a drop in output.

Pertamina, which plans to double output in the next four years, forecasts $40 billion of revenue this year.

A share sale has to be decided and approved by the Indonesian government, Soemarno said.

The government, which runs 141 companies, will keep its stake in 50 of them in sectors such as energy, transportation and telecommunications, and sell part of its holdings in the rest, Indonesia's Vice President Jusuf Kalla said in an interview in November.

Preparation Time

The Indonesian government in 2003 had planned to sell part of its stake in Pertamina by 2006. The company at that time said it needed more time to prepare for the sale.

``Before an IPO our accounting, financial and corporate governance system has to be proper,'' Soemarno said yesterday. ``We want a transparent system that will create value for the company.''

Pertamina asked the government to reduce the amount of dividend taken from the company because the oil producer wants the proceeds to fund exploration, Soemarno said. Last year Pertamina paid about 45 percent of its profit to the government.

The oil producer expects net income to rise 10 percent to 23 trillion rupiah this year, Soemarno said yesterday.

Joint Ventures

Pertamina, which was formed by the merger of three state oil companies in 1968, is planning to partner with companies such as Norway's Statoil ASA in $18 billion of projects to boost production and fuel refining.

Indonesia, Southeast Asia's only Organization of Petroleum Exporting Countries member, needs to use new technology to extract more oil and gas from its aging fields and raise production after a decade-long decline in output. The government wants to find new reserves in untapped areas, mostly in deep seas and the eastern part of Indonesia.

Pertamina and Statoil are bidding for a deep-sea license in the Makassar Straits, part of 20 drilling areas offered this year by the Indonesian government, Soemarno said.

Indonesia pumped 855,000 barrels of oil a day in December, according to Bloomberg estimates. That's the lowest production among OPEC members after Qatar's 800,000 barrels a day.

To contact the reporters on this story: Arijit Ghosh in Jakarta at aghosh@bloomberg.net ; Wahyudi Soeriaatmadja in Jakarta at wahyudi@bloomberg.net .

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Saturday, January 27, 2007

Pertamina May Be Ready for Share Sale by End of 2008

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