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Hert
I took a punt because the Geologist is a graduate of CSM. Most are good men, and honest. It made me. We had great lecturers with real work experience and work ethic
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.
Great info HFB :)
Just helps reaffirm the position we are in and the potential this has!
I hope they're reading and watching...
Wronin
as long as it's a Whale Oil Beef Hooked of a name a nibbling and not a Shark lol
:))
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
https://www.aph.gov.au/.../timor/report/fullreport.pdf · PDF file
Farm in JV would be excellent..things seem to be taking shape nicely for BOIL. Lots of manipulation taking place and we can't be held back forever - definitley see a big fish coming for a nibble soon
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
:))
lol grind slowly
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.
Great find HFB.
That's 2 bargain giveaways.
One more for the hat-trick!
Cheers.
full article
https://www.greenleft.org.au/content/east-timor-australian-companies-plunder-oil
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).
enjoy the weekend