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Trade
its part of the first phase PSC requirement , told us it would be with us soon
Jan 2020 and has been extended out time and time again since, we all know
why
Without the other factors (change) we could say its 25 TCF and like when we used
the Shell figures back in Nov 2019 (immediate RTO Nepotism related Dr Buttlers
on the two BOD)
Baron COULD NOT raise the finance to do it, ending up taking 25% initially , world
and financiers know the history of force majure/impasse and the Island saying NO
to other than what they want.
So its all been going through the motions playing catch up with already know figures
by a Super Major at a snails pace on ONE SIDE of the license only , according to Shell
some serious upside over on the South West
From day one , the market has given zip to our MC , so as said hoping is hoping it gives
us a lift when if finally gets off the snails back and as you say prompts someone to take
an early mover status on us, likewise hoping , this time the words BEACO is Funded or
YES you can, come out of the Island............GLA
:))
Hi Penny , you been tanning somewhere ? lol
not seen you post for a bit but things have changed, China BRI and the Quad
now having a tug of love for the Islands , they have all known for over 20 years
what our Island covet , WILL the give it to them, BRI biggest budget in the world
in the $ Trillions annually , petty cash for them..............GLA
;))
Hopingforbags - presumably its needed to engage with farmout partners. There must be a good reason for having undertaken it, lets hope it bags us a major partner ;)
25/26th March 2021 , the Timor Leste Oil and Gas conference
270 companies registered in a total of over 1,500 registrations
The 2 1/2 year bid round , 3 conferences and 4 world presentation tours
resulted in 9 bids on 18 licenses , in the same period Nigeria held a bid
round 57 licenses and over 1,600 BIDS
That should have woken them up to where the Industry views things
until the Politicians get their **** together..........
Woodside CEO and Horta both made statements a week to 10 days ago
the partners , still disagree on the CONCEPT (as past 20 years , what the
Island want Beaco and what the industry want backfills and FPSO/FLNG
Woodside web on Sunrise
the establishment of a new maritime boundary treaty between Australian and Timor-Leste in 2019,
negotiations between the Governments and the Sunrise Joint Venture on a new Greater Sunrise
Production Sharing Contract have been ongoing.
The Sunrise Joint Venture remains committed to the development of Greater Sunrise PROVIDED
there is fiscal and regulatory CERTAINTY necessary for commercial development to proceed.
:))
You tell 'em, HFB!
Nice to see slow Eddie back, and behaving himself.
seismic might boost but Chuditch has been known as a probable 10 TCF to the
East of the license with multiple leads (not in Baron plans yet) on the South
West of the license
Seismic has been done to death , Shell said of its own in the 90's suspect Chuditch
Wombat and Bilby , probably all linked and 10 TCF plus that side of the license alone
(renamed Chud S.W and North by SG in 2019) also mapped several large reservoirs
on the other side of the license they thought , either OIL or large condensate with
even more gas over.
Based on Sunrise and Troubadour (large condensates) collectively known as Greater Sunrise ,
offset in a similar manner and Shell should know , they developed both fields as operator back
then.
The seismic has been snail paced and multiply extended for a reason , when it might have impact
Woodside did the ENTIRE 3,200 SQ KM 3D of Sunrise a couple of years ago IN A FEW HOURS OF A
SINGLE DAY....................with Amazons advertised computer support, Woodside ceo challenged
his team to bring it down to 10-12 weeks , then Amazon arrived and it exceeded his wildest dreams
Said afterwards , I was only joking with the target , if they got it down and saved 6 months to 2
years on future projects.......
Without something else , the seismic may give us a boost only.......
Kelp the largest in the TL inventory is 14.5 TCF and has sat for years with
neither an operator or license........like the rest , stranded , unloved and
valued at $0.00 until the Island BUILD , or give a first ever permit to do
something else............GLA
:))
Baron/Sundagas presenting:
http://www.energyglobalnews.com/timor-leste-energy-mining-summit-14-16-june-2022/
https://asiapacific.pesgb.org.uk/files/2022/03/Asia_Pacific_2022_Programme_23.03.22.pdf
June is days away now. Baron seems likely that it will break cover in the coming days, Chuditch-1 is being presented by Sundagas CEO Baron NED at an Exxonmobil sponsored event on 29-30th June. Lots of majors in attendance there.
Chuditch-1 is also being presented on 14th-16th June at the 4th Timor-Leste Energy & Mining Summit under the sponsorship of VdA, WestStar Aviation and SundaGas. In attendance H.E. Victor da Conceição Soares, Minister of Petroleum and Mineral Resources, Florentino Soares Ferreira, President, ANPM, Mateus da Costa, Executive Director Explorations and Promotions, ANPM, Rafael De Araujo, Director, Mining, ANPM, João Afonso Fialho, Head of Oil & Gas, VdA, Dario Bongiovanni, President, Energy Club WA, Andy Butler, CEO, SundaGas.
3D Siesmic and Farmout are the next catalysts. Baron could be the O&G play of the summer, i'm getting COPL vibes 0.08 to 0.50. Atb
I make it circa 12.2 billion shares traded since the placing (29th April).
2.75 billion shares were issued, it's traded over 4x times that in under 4 weeks. Rule of thumb is usually 3 to 4 times, should be done or very very close to now.
Nice to see the market positioning. Volumes should pick up further into June. Theres maybe some overhang still but I see that really thinning out now looking at the volumes traded since placing.
Should be an interesting few weeks ahead for Baron - 3D siesmic and a farmout will unlock this.
Wise to be taking positions now in my view. Atb