The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
With the kind of deal or take out, that should be on offer here
should be thinking in 1000's % rise not 100's %
WRN came out of suspension on a multi company deal , went in at 3.25p
3 sessions back out and it kissed £3.30p
That is the potential here, sunrise and chuditch when shell operated both
rated of similar size and earlier stage dev , chuditch prob larger
Sunrise ended up at 8 TCF plus 250m barrels of condensate, last valued when
the price of gas was much lower at $65-$75 BILLION over its operational life
currently on Woodside books at $0
Where do you think , they an us can go , when value returned to the gas and
reserves values back in play.
NOW look at our sub £10m MC
;))
Its a MEGA Bagger not a mere 10 bagger with the right news
sat in a few , held the assets for years , then the key trigger
EUA , GGP had the assets and fraction prices , the triggers came , one a bidding war
for EUA and the other the owner of the nearby 17m oz gold mine telfer, came for a
look , GGP had stated for years , we think we have up to 18 telfer lookalikes on our
land, sat in them for 6 or 7 years , while already holding their monsters
Trigger arrived , just like our Green Light will one day , what ever method it ends
up being, Patience , Patience , Patience
;))
Most of my holdings are in the red. But they are mostly exploration as oi like high risk high reward.
Great to see the board in a positive mood.
HFB you have have some great historical insights into this one. Been very interesting reading your analysis of the situation.
I'm Holding and hoping to add a few more shortly. Would just like to say good luck to you all.
Fingers crossed.
Manic
Never seen L2 like this before... 4 deep and only one Ask and one Bid price ...
Fingers crossed the door knockers , not grabbing their coats
as leaving , frustrated by no assurances , what can be done
will be. lol
:))
Come on MM's play the game 14% rise on a 28% spread
on that RNA message , others would be flying with a tight spread.
HFB, I've done away with my coat and donned a corked hat in your honour! :-)
YES but remember about 4 months ago also made a statement, we are HOPING
to commence JV talks soon.
If assurances given , SG/Tgap offices on the Island would need protection from the
herd hammering on the door
The island itself also stated before the last , multi country presentation tour, had
had talks and inquiries , STILL nothing concrete has come out.
The bid pre-qual is only 30m , the likes of our asset are a $ billion development cost
and only 9 pre-qual says it all with 4 others under review , all still hanging back for
bets.
Another step forward , SHOULD be made soon , the new Beaco studies now approaching
5 months in , the original's longest piece was only 6 months and this version should just
be tweaking
Beaco with more than one string operational from the start , original build one , then
more up to 3 if/when required
The rest remains pretty much the same , Sunrise HUB , was planned pipeline from there
long ago, so only difference is access for others to feed into
Study results SHOULD be pending, all given favourable , CAN DO , feedback last time
even the tricky pipeline across the Timor Trench, rated as challenging and expensive
but very much , could be done.
:))
ADV do not enter into things, they are Oil , an Oil refinery been operating on the
Island for decades BETTANO on the south coast
ADV where also NOT drilling and undisturbed large reservoir, just hoping to hit some reserves
Buffalo field , main Reservoir DRAINED , years ago first by BHP and then sold on to Nexen
Lol Howey
and being an Aussie/Geordie hybrid
Howey the lads and Baron
;))
They have tried Beaco before and the INDUSTRY has said NO, too expensive
and not competitive with other available methods
Shell 2008 proposed its new invention FLNG Super-Barges built in Korea , with 26/28
wellhead connections on site and a capacity of 4 million tons per annum production
Woodside so impressed , they switched their primary option (own Darwin fac) to FLNG
the ISLAND again said NO it will come to BEACO
Shell , conoco and others fed up and frustrated , departed, so only REAL ASSURANCES
will bring them back , after all that went before.
The old Beaco plan , was based on Sunrise only and hammered by all , offered to the China
BRI who also opted out of their very generous offer , to pay to build it and operate Beaco
Their September 2021 plan is to use Chud, sun and kelp together , with much improved
financial projections
That's all we need a positive statement ITS BEING BUILT , stranded gas now has a home
or its failed again , or until built do what you want, ALL give the GREEN light -Monetisation
While they are still publicly pushing their own plans , like shell before them what baron says
and what its allowed to do, are two different things GLA
;))
HFB's response was slightly more detailed than mine!
Mistrust on both sides , the Island gained independence for the first time
just after Sunrise was discovered 1974, then after Portugal granted it to them
Indonesia INVADED 3 days later 1975 , UN peace keepers etc
Until 1999 just after Chuditch successfully drilled , Independence provisional ,
ratified 2000/01?
New revolutionary leader , even declared in parliament , we do not need the outside
world , we can do it all ourselves , with our own resources and even had it placed in
the minutes , what is ours is ours and it WILL come to the Island
Force Majure on the area , the industry tried to get things going , with other options
but the Island said NO , plus the infamous OZ spy scandal, so mistrust on both sides
e.g. Shell the operator of both Sunrise and Chuditch back then , had customers for the
Gas in 2001 to commence production with its partner Woodside from 2003 , at Woodside
being built own facilities in DARWIN , told NO your not , we want it all at BEACO, its other
partner USA Giant Conoco Phillips had a jv within the jv with Shell and customers for the
GAS alongside remaining partner Osaka City Gas company who would get some product
Beaco has still to break ground all these years later and the ISLAND stated 9th Sept 2021
we are conducting new studies for BEACO , to be based on CHUDITCH, sunrise and Kelp
developed together as an initial production base for BEACO , via a to be built, pipeline
HUB to the Island from Sunrise (GOVERNMENT STATEMENT)
Unless that 20 year dream goes away or this attempt they get a funder and build it
those that left are wary of not becoming Shell , holding 2 huge assets and no where
to go. Plenty of options but the Island singing the same song NO it will come to Beaco
Because they want to process it themselves but need to build the facilities to do so.
Why has the government been so reluctant in giving permission if they have all that amount of Gas ???
1998
Substantial gas discovery
CH-1 Well drilled estimated 5+ TCF poss double if Chudich, Bilby and Wombat all linked (10 tcf)
with more upside and leads on the OTHER side of the license, suspected Oil or large condensate
reservoirs
The world and its mother , have know HOW much bigger Chuditch is for decades
vice snail paced catch up on just one side of license being dragged out by Baron
and like the two other major finds in its maritime area , remain unloved and with
zero value attached - YOU all know WHY
Island GREEN LIGHT is the only thing that changes the past 20+ years
OZ pipelines DENIED , Floating platforms DENIED
One hint and we are pennies, not struggling with fractions and sub 0.1p
;))
The Summary worth posting:
Substantial gas discovery on a proven trend with upside
• Seismic reprocessing and other studies progressing well
• final 3D PSDM on track for delivery in Q2 2022
• Q4 2022 decision point for high impact drilling in 2023
• Multiple export solutions for gas identified
• not dependent on any single concept/route
• ability to move forward with standalone solutions • development strategies for handling CO2 and CCS
• Farmout initiative ongoing
Don’t forget what happened to PPTEE or ENI
Don’t forget what happened to. A. D. V
we are in the process of getting JV partner. any hint and our sp will multibag from here. opportunity to buy sub 10m mcap !!