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Hi Standokin, Interesting I am also in GWMO, similar play to this with a March placing being churned, and multiple Gold and Copper drills already started, once the placings are flipped in both here and Great western, i expect to see huge increases in our respective market caps.
A long read on the provisional treaty between TL and OZ back in 2002, lots of blurb in it but the politicians seemed happy with things, disagreement continued , finally maritime sea bed borders agreed for the JPDA area in 2017, the who will process the production waged on and Woodside WROTE OFF Sunrise on its books as the incumbent President of TL , wanted a full up/downstream TL sector in place (like yesterday lol) with $16.5b to be spent on new on the island Refinery/LNG plant and infrastructure , with mass TL local employment
This was recently abandoned and OZ and Woodside delighted as all TL area production now to go where they wanted for decades , Darwin, our Chuditch sits between Bayu Undan (almost depleted) and Sunrise , now to go to production but expected to also be depleted by 2025
TL Gov's only real source of funds the proceeds of the 3 previously developed Oil Fields , which they stated also all nearing depletion, leaving Sunrise and Buffalo oil field to be drilled late 2021 (adv - London + oz partner)
They have also stated even taking into account the above , they expect, the Sovereign Wealth fund to also be depleted within 10 years, so are through both Timor Gap (NOC) and ANPM working hard , events, presentations , home and abroad, to get new projects up and running
Well we all know one already Identified UNDEVELOPED giant gas field, waiting to help LOL
National Interest The Australian Democrats acknowledge that the Committee’s function is to consider and report on treaty actions with respect to their effect on Australia’s national interest. In this instance, we are persuaded by the weight of submissions which argued that Australia’s national interest is inherently related to that of East Timor. East Timor is a near neighbour of Australia and the world’s newest sovereign state. It is clearly in Australia’s best interests for East Timor to evolve into a strong, prosperous, democratic nation with proper regard for the rule of law
Cheers HFB I was invested in Rainbow about 18 months ago, made 20%, and moved on. Looking now it was a mistake because from memory I bought at 8p and sold at just under 10p A mistake with hindsight, but I think it's time to dabble again. I'm in Great Western I'm which should be interesting
yes tend to agree with that summation, its a massive asset BUT either way its win win for Boil, the history says , if you want it make a SENSIBLE OFFER
So be it a Farm in JV and we take it until , first well drilled and volumes confirmed then sell the remainder of holding at NPV 10% rates would still be a vast fortune for Baron may tell them to get knighted and hold for production revenues
All at the moment stands on WHO comes knocking at the door and the deal on offer if an outright take out, Baron could find themselves cashed up for Peru , UKCS and any new acquisitions for years to come, as said a win win position
only question now will it be a GOOD deal or a GREAT deal lol
Stand a few of them on aim BUT keep half an eye on Main Market Listed RBW has a trial mine dev currently and the grades are highest on the planet some other assets to back it up BUT being Africa , TIA applies, the wheels gring slowly , very slowly LOL
HFB Many Thanks for your hard work. To share knowledge is a rare commodity in this Theatre of the Hope and Dispair. My take on the future of Baron is that it will be swallowed up pretty quickly. Oil and Gas are in big demand again as we fight our way out of Covid-19. Governments are encouraging Big Business to invest and spend massively to boost economies around the world to stop any chance of recession So, I think we are quids in. Onwards and Upwards. After this, I am looking for a aim with rare earth potential, but copper maybe the best bet. I love this game. You see the best and worst in people and realise how different we all are.
Came across this little titbit , from 2000 , before the politics etc dragged on further, Sunrise to be fast tracked LOL , 21 years after this Australian Gov report, it is going to productions and Chuditch could end up just as big, as the article yesterday a Norwegian firm had a plan in place for PRODUCTION from Chuditch, before they departed on the maritime boundary issue so we have a drilled and discovered by shell asset that also previously had production plans thought Arty's Atomic deal was a steal, now thinking the SundaGas boys jumped to No1 this gives some perspective of the potential size of our project moving forwards, the article also has BCM not BCF or TCF , use Kyle's Calc or others it bigger than more recent figures and shell left this monster also due to the politics and decades of delays, Phillips also
Straddling the eastern boundary of Area A is the Greater Sunrise field, which holds a massive 259 billion cubic metres of gas — more than twice that of Bayu-Undan. It is being developed by Phillips and the Northern Australian Gas Venture (NAGV is a joint venture between Shell and Woodside). According to the Northern Territory government's Office of Resource Development, the development of Greater Sunrise and associated infrastructure will involve a capital cost of $10 billion, the largest ever capital investment in the NT. It is envisaged that gas from Greater Sunrise will supply a synthetic gas plant to be built near Darwin by the Canadian fuel corporation Methanex, the world's largest producer and marketer of methanol. In June, the federal government afforded the Greater Sunrise and Methanex development "major project" status, ensuring that it is fast-tracked and faces less-stringent environmental and native title requirements (the area earmarked for the Methanex plant is located on land administered by the Northern Land Council). Both Phillips and NAGV initiated feasibility studies in 1999 on the supply of gas from the Timor Sea to markets in Australian eastern seaboard and southern Australia. NAGV linked up with the large US conglomerate, Duke Energy (10th largest energy company in the world) while Phillips teamed up with Australia's largest pipeline specialists, Epic Energy (which owns $3.5 billion worth of pipeline assets).