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JARV-I'm hoping that they are at a stage where we still have more than one potential funding partner , all the indications from AB are that is the case I wouldn't like this to go right up to the drill or drop decision on the 18th June and find we are in a position of having one funding offer which is take it or leave it. I would hope we will get news on this before we head into June, I'm sure any potential funding partner would want to seek assurances from TL about our route to market before committing themselves , that's hopefully where our 40% partner
Timor Gap will be the key.
Hmmmmmmmm, Another one with both AB and Woodside together.
Woodside Japan/INPEX/offtake companies +bank funding mou
Could live with that , what an RNA Message that would be π€
Great turnaround in a short space of time.
Https://www.aien.org/forms/meeting/Microsite/AP19April2024
Educational Seminar on Legal and Contractual Aspects of Natural Gas Projects
Ricardo Alves Silva, Partner, Miranda & Associados, AIEN President
Andy Butler, Managing Director, SundaGas Banda Unipessoal, Lda. **********
Caleb Jongeling, Senior Commercial Manager APAC for Exploration & Development, Woodside
Carlos Alves, Executive Director for Legal and Commercial, Autoridade Nacional do PetrΓ³leo
The Timor-Leste Petroleum Sector and the Timor Sea in the Aftermath of the 2019 Maritime Boundaries Treaty
Gualdino do Carmo da Silva, President of the Timor-Leste National Petroleum Authority (ANP)
David Perks, Partner, Dentons Perth
Ricardo Alves Silva, Partner, Miranda & Associados, AIEN President
Andy Butler, Managing Director, SundaGas Banda Unipessoal, Lda. *************
Did not expect value in 2020 , region still locked down and nothing happening, NOW do expect some value long before the drill, area changed , others also now moving, infrastructure coming, China BRI/GDI Mega Wonga in play , others like Qatar and Kuwait as well as other regionals, made statements about investing in TL Oil and Gas sector.
Area changed
Sector changed
Boil leadership most importantly CHANGED
Time they changed our valuation, long breathing with a snorkel in the flooded , rock bottom basement.π²π
π°πππππβπ¨πβπ¨
βve = β½β½β½π₯π₯π₯ππππ°π°π°π°π°π°π°π°π°π°π°π°π°π°π°
The Yeo ho ho snail , is now coiled by AB
https://media1.tenor.com/m/jGV5ABX10Z0AAAAC/snail-super-snail.gif
ππ
Some good general info in to how things work.
Nice find Jarv55
Funding and a senior JV player, should finally wake up Mr Market but not holding my breath on that one, since the seismic etc as since day 1 Jan 2020, we have been given zip value for our gas, same as Boil's snail pace , started to catch up with the 5 tcf+ and more leads, it was brought to the market with originally on old Shell mapping and discovery drill metrics.
Time Mr Market gave Chuditch some love and a re rate , not another spike, at least from a kids choc bar per boe, to say a Thornton's Easter Eggπππ
Wonder if that is what prompted the news earlier this week , Gusmao in London and moving on to Greece and Italy, talking about ISSUES with their Maritime borders, garnering international support, to have those boundaries tweaked again, squeeze out OZ , if they do not come up trumps , this time in Q4π€
As said before , do not think as in the past, we are still chained to a sunrise resolution, still imo we will get that first ever TL yes for alternate method FPSO and with it a supply/offtake deal with TL for the Metinaro PIT and Power station project, PM Rauk said asap and hoped all completed by 2025/26.
Our methods and timeline , fit like a glove, long before the other project becomes a reality.
As that extract I posted yesterday from one of the recent RNA Messages, clearly states options not set, to be selected after full analysis of CH2 and after discussions with , T/Gap and the TL Ministry
More dots that fit for , we are at the heart of TL's more pressing immediate need for Gas and domestic security NOW/asap not 2030/31 when the other project can feed them.
Talking of feed, that commenced for Metinaro PIT , last October, FID stated as by end 2023 or IN Q1 2024 Latest, well its beyond latest, just had the meet with the money men in China, hoping that FID comes soon, that should give us a boost as , it instantly gives the market , a visible path to monetise , long denied in the area, which will be acceptable to the demon duo, regardless of what may of may not happen Q4 Sun/JV/Beaco/Darwin/other.
If that gets resolved bonus, two acceptable routes to market for G & H BEFORE we drill, can't keep valuation of our Gas at a price of a kids chocolate bar per boe, with options clearly in place. π€
Howey-Going out shortly watching Racing and Golf this afternoon thought I would have some
fun when the usual suspects reappeared !
It is good to see they have included the risks as well eyes wide open on this one. The reason we are so low is the funding if they get that at project level expect a serious re-rate here.
BIG RNS. I DID SAY 0.010p+THIS WEEK AND THAT'S WHERE IT GOES
Bargain_Seeker 16th April 07.17
WELL DONE
Jarv another page link attached to that Woodside Q results, posted earlier on it, dated 17th still says looking at both options
when we know , TL only looking at one, put up or shove offππ
Meadow, if I didn't know better I'd swear you were getting frustrated with some of the newer posters! It's only because I know you are so very tolerant that I know this isn't the case!
The trend is up
Presentation today by Andy Butler https://twitter.com/BaronOilplc/status/1781243264642793490
I have been in and out of boil many times over the last
few years . Mostly with profits but took a few losses too.
The Company had good assets in Peru, UK and only one remaining now is Chuditch. Its s huge company maker asset to have and located close to major gas markets.
Andy Yeo former ceo I never had confidence in, imo him and the former chairman wakefield were using boil as a lifestyle company.
Since AB took over as ceo , I have invested in boil ( instead of trading as in the past).
I hold at about 0.055p average and imo if all goes to plan this could 10 bag from that level this year.
I have confidence in AB that he will deliver here finally. So far he is doing a brilliant job.
All imho.
Picture has Horta at the head of a very large table, the words investing and in the title investmentu (investment) easy to pick out as is ASEAN, the site English option ,not working, and today for some reason my own translator will not deal with it eitherπ Dated 17th.
https://www.independente.tl/en/ji/pr-horta-ho-cci-tl-diskute-dezafiu-ba-investimentu-iha-tl
Another who clearly has no clue what deramping is. Predicting a 500% rise is hardly talking down a share to secure a cheaper entry.
Good to see Woodside mentioning Sunrise in their results this morning.
Sunrise
Β· Subsequent to the quarter, the Sunrise Joint Venture awarded the Greater Sunrise Concept Study contract (the Study). The Study will consider the key issues for developing, processing and marketing gas either via Timor-Leste or Australia and is targeted to be completed by no later than Q4 2024.
David that's deramp as 500% takes this to 0.39p from here but the fair current value given by the broker note states 0.52 and we know this is based upon the present and not future value of the asset.
David-You back out of the woodwork as well