Ramba Energy’s (R14.SG) plans to commence drilling work next year on 2 exploration wells in Indonesia’s Lemang oil & gas block fails to generate investor interest, with shares not yet traded.

Stock closed +1.4% at $0.365 yesterday. Local house trader says, while new drilling works are “promising, there’s also the risk that the exercise may not yield much, as oil and gas exploration is costly and takes time.”

Both wells are part of Ramba’s 41%-owned Lemang production sharing contract acquired this month, with company now unveiling plans for drilling.