Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Finance or partner for that rig required before they can firm up the slot we hope they manage to hold onto, see Ed post earlier provisional slot December 2024 for 40 days, sadly been in others that have had provisional slots disappear , one multiple times as they did not get the finance in time.
As posted earlier AB and co at Sundagas when floated in 2019 , just prior to the NON TENDER award for services rendered to TL since 2016, also had a $22m Singapore bank loan attached to the float, unlike Yeo ho ho, he is very well connected in the region and likely to have little trouble raising the readies required again from Singapore/other regional source.
But would imagine his focus will also be on getting a regional Industry mogul onboard, to reduce our financial load and likewise % field development costs.
As said on many a previous post , Yeo ho ho and co boil not an oiler, investors in assets, no remote interest in development, looking to cash in early be it by JV or outright sale, the SG crew ARE Oilers, the game has just changed guys, AB and co had big plans and ambitions , now lets see if they can get quickly back on that track.
Do not rule out a total change, now genuine oil and gas people in charge, perhaps sticking around for production and profits to build a new multi stream company or Group, will become the long term regional plan and focus.π€
imho, the game has changed and its now GAME ON π
0.06 goes for good next week imo. I think we'll be back in that 0.08-0.10 channel quite quickly now and then as news lands some big moves after that. 0.20++
Visit Timo Say itβs a STRONG BUY which loads of thisπ€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π
Stovemocal
Two bits of great news in one day!!!
You having a laugh Mate
Yes all π€π€π€π€π€π€π€π€we have FINALLY reached the end of the beginning. As posted Andy , Colin and co, have built the locals from a handful across TG and ANPM, to help them establish their own industry (sunrise and metinaro news both due soon) with a workforce now in the HUNDREDS, with nothing yet operational.
He can now talk to people he has worked with since 2016, to give them guidance and how to push on now, long before Sunrise/Beaco if ever becomes a reality (tenders 2030/31)
Chuditch drilling late this year, Metinaro Gas/LNG PIT and 90-120 day tank farm(parliament 2025/26 operational and supplying 3 diesel power stations being converted ready for that switch, announcement imminent. FID listed in many places as by end of 2023 BUT found one on linkdin, that had or IN Q1 2024.
Well 2023 has gone and Q1 is drawing to a close, the timelines for the two , have always appeared made for each other, Island wants Gas and stable lekky for all ASAP, PM Rauk said it was fast tracking and ploughing ahead, to both save millions per annum on unreliable and expensive diesel shipments and the tank farm 90-120 days ALL fuels, to prevent the chaos and distruption , during covid and the following tropical storms disasters being compounded again.
Sure AB, will be only to willing to help them make that a reality, 1 well FPSO will be good enough to supply them with domestic security, with their own gas, for 5 years or more before Beaco if ever becomes a reality. π€
Site survey results likely next week and a rig announcement will not be far behind that. Next week could be start of the sustained move up.
Atb
Good riddance to them, totally out of their depth. As already suggested no great news on its way as they would have held on. Let's hope Andy Butler steps up to the plate and takes this where it should be.
you've got to break eggs to make an omlette. they've gone. we've now got a secure platform to build from. a great asset and a talented and visible ceo. hopefully no more **** placings. instead, plenty of great comms and a steady rise up.
Other scheduled events
---Date--------Days-----Event
13 Mar 2024 3 AOG Energy Perth DIVCOM aogexpo.com.au
23 Apr 2024 3 13th Asia Pacific Energy Summit Singapore DMG asiaenergysummit.com
14 May 2024 3 48th IPA Convention & Exhibition Jakarta (BSD City) IPA convex.ipa.or.id
15 May 2024 3 Future Energy Asia Exhibition & Summit Bangkok DMG futureenergyasia.com
14 May 2024 2 Advanced Geological Solutions for Complex Geological Settings Kuala Lumpur SEG seg.org
20 May 2024 4 APPEA 2024 Conference & Exhibition Perth Australian Energy Producers (APPEA) appeaconference.com.au
3 Jun 2024 3 Japan Energy Summit & Exhibition Tokyo DMG japanenergyevent.com
18 Jun 2024 2 Asia Pacific Conference London GESGP & SEAPEX asiapacific.ges-gb.org.uk
31 Jul 2024 3 China Energy Summit Beijing DMG
Following the success of previous conferences in 2018 and 2022, GESGB and SEAPEX have again joined forces to bring this exciting event to London in June 2024.
'AP2024: Exploring Asia Pacificβs Energy Future' will aim to present high quality insights into wide ranging aspects of geoscience in the energy sector of the worldβs fastest growing region
Conference themes will include basin to reservoir scale case studies, frontier exploration to developments and mature fields
Https://asiapacific.ges-gb.org.uk/
Exploring Asia Pacificβs Energy Future The Kia Oval, London | 18 - 19 June 2024
Looking at the new org list, looks like AB has stood down from his VP role at Seapex, to concentrate on his bread and butter Sundagas, still lists Colin under latest listing.
GESGB London Chairman - Colin Murray, colin.murray@sundagas.com
Informal meetings are held periodically by SEAPEX Chapters in Bangkok, Jakarta, Houston, London, Kuala Lumpur, Manila, Perth, Ho Chi Minh and the more recently with the new Chapter in Bangladesh.
SEAPEX publishes every quarter, a newsletter/bulletin, the SEAPEX Press, which is distributed worldwide to members and to some non-members. It also publishes a monthly E-Bulletin to keep members informed of events.
SEAPEX organises every second year an exploration conference in Singapore. The last one was held in March 2023. SEAPEX publishes Proceedings of its Conferences, books, and/or maps and reports of general interest dealing with the upstream sector. In June 2022 SEAPEX held an Asia-Pacific conference in LONDON in partnership with the GESGB (GESGB London Chairman - Colin Murray, colin.murray@sundagas.com)
and the next one is PLANNED IN JUNE 2024.
SEAPEX is an Affiliate of the AAPG. SEAPEX also has an arrangement with AAPG Datapages which was put in place in 2015, and has close relationships with other societies and organisations including the GESGB and, the Energy Council, the SPE and the EAGE.
It also works closely with National Oil Companies (NOCs) and government bodies in the Asia-Pacific region.
As said AB was a VP for a long time and very well connected, with Industry leaders, he and Colin's names on many Singapore events including , on the Golf Course networking weekends for CEO/Directors of all the leading regional players.
In AB, we now have a CEO who is also the face of the company. This makes such a difference...
Just expects some MM games today while the chickens head for the door
Iβm with you there, FlipFlop. Seems everyone else has forgotten all about the fact our investment was worth @34% less, overnight.
Hoping we hear from the horse's mouth soon JC , proactive interviews etc, AB can stand up and inspire confidence, unlike the now gratefully departed. He has been a regular presenter at many Asian presentations and conferences, many of which he is involved with through his Vice Presidency of Seapex - contacts galore. ππ€
it great to see those **** wombles leaving but what an absolute mess, they were both saying comments such as "pregnant with news`and all sorts not long ago and now they've left right after shafting a placing on shareholders. terrible.
i cant see any solid news soon otherwise they wouldn't have left and waited it out to look like heros.
andy butler at the top now which is good but i still think andy yeo and john wakefield have ****ed this with the dilution. both of them absolutely useless.
good luck all
Great news everyone. Good times ahead, load up!
On floatation of SG , they also picked up an Indonesian license from TOTAL, as said big assets and big ambition, were the order of the day for AB and co.
Quite apt China this year, we have had the years of the SNAIL, enter AB and the year of the Dragon, lets get this show and snail moving, my very best wishes and GL AB.......
https://media1.tenor.com/m/F16o_Vgss4sAAAAd/schnecke-speed-snail.gif
if only Carlsberg did ..........π€£ππ€£
First thing AB needs to do is sort out comms and appoint a new PR firm
AB had far bigger ambitions for Sundagas originally, think 3 of the 4 original SG Directors associated with Mitra, Shell gave up on Chuditch not due to the price of gas, due to the local politics and having been given a NO by Gusmao and Horta for both Darwin and FLNG for its two projects Sunrise/Chuditch.
Took 10 years to leave Sunrise when declaring leaving and getting combined compensation with Conoco Phillips of $650m for their 56%, Chuditch they quickly moved over to Mitra, still under JPDA and an Australian license, Mitra also announced an FLNG plan for Chuditch , all fell off.
Then as part of the first TL 18 license bid round, Chuditch (not sunrise) was showcased and NON TENDER awarded to Sundagas , who had been assisting TL in growing its own industry and training staff for TG ANPM etc since 2016 (still do to this day) Boil later joined the party taking 33% SG / 25% Chud in early 2020 and SNAIL PACED and confetti fed all.
Mark then ceo of Sunrise 3,200 sq km re run of seismic 12 hours of a single day and follow on analysis with AWS support
Yeo ho ho almost 2 1/2 years for 800 sq km just to get a hold of it and re run part of the 3,571 sq km license. Said using AWS would save up to 2 years on all Woodside future projects. π²
in addition unlike bedroom presenter and his ever increasing confetti and crushed sp finance, when ab and co floated sundagas in prep to get freebie award of chuditch for services rendered since 2016, he had no problems bringing a $22m singapore bank loan with it, on floatation to the singapore stock exchange........contacts are all and ab has them in abundance , unlike **** poor performing yeo ho ho and co...........glalth. π€ππ€π€π€π€π€
That's worth 10% on the share price today.
πππππππ
Absolutely nothing , not so sure about you though πππ€£ππ€£ππ€£ππ€£