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LOL not a seismic buy no but a MEGA MULTI BAGGER BUY
on a Government clarity statement or Sunrise FID
:))
You wouldn’t recommend a strong buy then HFB ??????
Nope excitement faded in January 2020
As soon as the license was highly surprisingly allocated to SundaGas , probably for assisting the
locals since 2016 to establish its own infrastructure Noc , presentations , Oil and Gas conferences
etc all done suddenly with hey look at us we are open for business with a new 18 (7/11 on/off)
license bid round
Our related Dr Butlers on each bod (nepotism) immediate RTO offered to Baron , Boil could not get
the ackers together , RTO fell through and we took 33% SG aka 25% Chuditch
But regionally not a lot of interest and the 1st Timor Leste Oil and Gas conference had a massive 19
in attendance
Excitement last June , the new Gov made nice words but again nothing DEFINITE so all remains in
Limbo for Gas/LNG assets
The Gov extended the bid round from 15th? Oct 2020 to 1st Oct 2021, excuse given not Covid but
to give time to bidders to review the entire on/offshore 50,000 sq km 2D Cubed (presents like 3D)
time to review data via a state of the art DATA Room funded and arranged by ANPM
The 2D/C first deliverables where listed on the TGS website from end of July but all data would not
be available until sometime in October which would be far to late for a closing also in October
Excitement again when out of the blue Boil raised to increase holding in SG/Chuditch 85/63.75%
the DAY BEFORE the 25th March 2021
This time with 42 International Oil companies , 229 other companies and an additional 1,500 other
sign in's for event hosted online by IN-VR (a tad more than the 19 total of 1st event)
The co sponsors of the first 2 events CGG 2 presentations and our own SundaGas one on the
CHUDITCH DISCOVERY and the wider license development
CGG one of its presentations HIGH RESOLUTION SEISMIC and the secrets revealed !!!
as said many times you could drown in the available seismic available from both CGG
and TGS on request and it all has no bearing without TL Gov Green light to actually
be able to produce and process for £££££
We at some stage will benefit from a decision , even if that is WE ARE STARTING TO BUILD
the 20 year talked about project , break ground this November - EST ready for operations
2024/25
Even that would do, a you will have somewhere to go but back in the day all the big boys offered
it , if they would like to pay the $16--$20 BILLION to build it all and run it ( China BRI was a poss )
SURPRISE SURPRISE - they all declined, so do not see the big boys being totally happy on a plan
to still build (maybe) unless a solid message with it like CHINA ARE going to build it
They and Woodside continue to wait for that monetisation path to be revealed after 20+ years
and must be hoping the word in the bid round
""you are the industry experts , we will not interfere""
herald success soon and a Woodside ga we approve FID and do your FLNG or Pipeline back fill
after all you are the industry experts lol
:))
And me lol.
Payday Tuesday for me so will be topping up again.
If that day comes the 11 new licenses and the ONLY other KNOWN mapped and drilled
multi TCF asset in the TL Maritime boundary area becomes very very HOT property
So based on Shell's mapping (Boil/SG figs slowly catching up but only 1 side of license)
if Sunrise worth $65 BILLION in development
HOW MUCH is our 75% of Chuditch worth to a REAL offshore player or players (sunrise x 4)
for an outright take out or Majority ownership and a free ride drill program plus perhaps some
cash to Boil to move it forward (Given it will cost 1/2 billion to develop to sunrise scale) lol
:))
Boil are just one client in the Kyranis 2012/13 re run, TGS do surveys and processing
worldwide BUT all the data can be purchased by Industry players
It will tell nothing more than stated by Shell in the 90's just with more certainty on depth
perception both Shells original 2d and the original processing of Kyranis in psTm which
had many patches of ghosting and depth anomalies
In the 90's Shell "we suspect all the leads Chudith various , Wombat and Bilby (became
Chuditch N and SW) around the CH-1 Discovery well could in time be proved to be a
single very large Gas reservoir"
Boil/SG ONLY looking at that area and in the recent RNA message passed over the rns
exchange newswire, they wow stated a similar thought
Shell also stated BIG upside to the other side of the license with reservoirs they suspected
to be LARGE reservoirs of either Oil or Condensate with more Gas (not in Boils working
thus far)
The 90's 2d MANY large leads ,drilled CH-1 DISCOVERY
The Kyranis 3d shocker in 2012/13 CHUDITCH still their and that is also another thing
the new snail pace won't clear up in an area that has 50-100 under sea quakes per year
IT WAS on the original and WILL be the snail pace rerun, will not prove its remained
intact 2013-2021
SHOULD BE as Chuditch sits between Bayu and Sunrise and neither have ever reported
any related problems in the intervening years
So when and if , Boil snail pace ready it will have zero boost to the watching industry who have
KNOWN since the 90's exceptionally big Gas reservoirs throughout the Indonesia/TL/Australia
Timor Gap seaway
UNLESS , they have words and deeds THEY CAN MONETISE, as also said many times the house
of Sunrise next door had FOUR , Shell , Conoco P , Woodside and Osaka and spent over $400m
in development - Shell/Conoco left having had customers to take the gas since 2002
Woodside - REMAIN STRANDED - value on its books $0.00 until a monetisation path available
for a mere 8 TCF ( 1.3 Billion BOE + 230MB Condensate)
The deep pockets REAL offshore operators, ALL KNOW what is there , both Sunrise and Chuditch
reported , seismic 2d , 3d drilled and mapped by Shell and others
NOTHING will move Sunrise and Chuditch in the eyes of the deep pockets required to develop
such a huge offshore project until that STRANDED AND WORTHLESS tag is removed
Then watch with your jaw around your ankles as our tiny Market Capital plays catch up with
""shell Chudich could be as big as Sunrise""
""shell in the 90's mapped both Chuditch and Sunrise 5 TCF plus condensate
plus much upside to the South West of Chuditch license
Sunrise valued earlier this year as a life time operational value of $64 - £75 BILLION
as said Woodside accounts written off $0.00 (latest reserves 8 TCF 230-250MB Cond)
FID decision due by TL Gov per a 2019 statement BY 2022, FID and a monetisation path
for Sunrise could come anytime , IF it does value comes back to Woodside accounts
The 11
No need to contact me , its advertised and Woodside are not the only ones to have
done it, AMAZON just sped up timeframes for all, wait a year of do it this week
your choice
:))
Are you hard or reading as well as learning
TGS are doing the entire 9k+ Kyranis not just our 800 sq km snail paced, IF a player wants to
do the entire license themselves 3,571 sq km themselves they can as it states on TGS website
get data on request (and a fee) AND DO IT THEMSELVES
Just as Woodside DID 3,200 3D for SUNRISE next door in "" 2 HOURS"" Linking up with AMAZON
support services which they advertise now to the Industry , its the equivalent of a stack of
Laptops 4.2 km high and a massive step forward for data processing in the sector
Boil are just snail pacing the around the 1998 ch-1 Well discovery area as its a requirement of
the Nov 2019 issue of the PSC to reprocess
They have zero interest in paying now for a quick result as without a monetisation route Chuditch
remains worthless just like sunrise on Woodsides books at $0.00 when recently valued at $64-$75
Billion over its life if it ever gets into production
Boil could do the same THEY CHOOSE NOT TO
As said a gazillion times for the hard of reading and learning , IF a REAL OFFSHORE operator
that has the finances to develop such a big project want to IT can get the data and do the
entire 3,571 sq km of the Chuditch license IN A FEW HOURS not part of the license in 6 months
to a year using the OLD ARCHAIC METHODS
Amazon's new all singing all dancing support services AVAILABLE to ALL to save MONTHS-YEAR
on projects
(WOODSIDE) Gregory mentioned in most cases, processing such information takes round 12 months.
However I challenged the workforce to cut back it to 12 days
On a big seismic quantity of 3,200 sq. kilometres, the Woodside-AWS workforce finished
that 10-day inversion run in simply 90 mins.
NINETY MINUTES FOR 3,200 , so our 3,571 CAN be done in ""2 HOURS""
using the new and available TECH, as said snail pace as without a REAL OPERATOR
after they get a MONETISATION route ZERO point in doing it any quicker
Think its time to start calling you JOEY - GET THEIR QUICKER JOEY (friends the one,,,) lol
:))
https://thelatestbreakingnews.com/woodside-uses-cloud-to-reduce-seismic-data-processing-time-down-to-90-minutes/
https://tolfeminvestments.blogspot.com/2020/12/woodside-cuts-seismic-processing-time.html
https://www.newsbreak.com/news/2117772762590/woodside-cuts-seismic-processing-time-from-weeks-to-hours-with-amazon-web-services
https://www.worldoil.com/news/2020/12/3/woodside-cuts-seismic-processing-time-from-weeks-to-hours-with-amazon-web-services
HFB - you have claimed many times that Boil could do their own seimics in a day if they wanted right? But in the article you just posted it states:
"Full-volume fast-track data should be available next March, with final data expected in October 2022"
Why dont they contact you and get the inside track on 1 day seismic processing?
Timor Sea gets an entry in Norway's world leading Seismic support company TGS
report issued today
Offshore Australia, TGS completed acquisition of three 3D multi-client seismic surveys from Polarcus
covering 12,200 sq km (4,710 sq mi) over prospective offshore basins.
And the company is reprocessing Kyranis 3D, a 9,024-sq km (3,484-sq mi) cross-border multi-client seismic
survey over exploration blocks offshore Timor-Leste and Australia.
This should provide 3D broadband PSDM imaging for the first time over an area recently re-opened for
exploration following ratification of the Maritime Boundary Treaty.
https://www.offshore-mag.com/geosciences/article/14207347/tgs-updates-progress-on-frontier-brazil-timor-sea-3d-campaigns