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Shuston m8 worth sticking with imo
Price on the ground floor and we do have other assets Dunrobin and Peru
Any approach by a big name for talks pre Islands Beaco Studies results and actions
Any that move quickly to take advantage of situation knowing if Beaco fails again
the other options must have to come into play or Timor Leste in limbo again
this time knowing they will be broke by 2028-2030 and cannot stall another
10 years for another run at finding Beaco a funder
The new 3 field plan imo a winner financially 25-30 TCF plan v old 5-8 single field and whatever
turns up after plan
Darwin/FLNG or Beaco one will arrive this time
For certain we will!
We will reach that moutain-top!
It's a proven asset, one of the simplest multibaggers in AIM history :)
yes Ron
pre t he 9th zero options post one if not the ideal some of us looking for in place TICK
Financials for the new Beaco push 25-30 TCF against the original plan sunrise only 5-8 TCF
3 Fields versus 1 so see no reason why they would not get a funder with those metrics this
time
Previous studies all said could be done , even the pipeline across the trench, no reason for
new not to say the same , the pipeline extra expense offset by the much improved supply
to and processing from the get go at Beaco LNG/Export multiple string refinery
all Gas pre 9th Island announcement stranded and worthless without a processing option
post 9th a viable option now has the wheels rolling again and as said before if it fails to
find a funder this time surely they wont try a 3rd time and allow the Industry to do what
it has wanted for 20 years Darwin or 10 years FLNG
Think there will be an option one way or the other at the end of this current scenario
all we can do is keep waiting for the day they permit one of those 3 options or an early
mover knocks on the door
:))
Everyone is, 6 months from now we will have a shed load of experts
Groverlad. Had a look at your posting history after that comment, couldn’t find a positive word about anything or a word of fact. Try the Samaritans, everyone deserves to be happy. Hope you will be ok.
Carry on HFB. I’m listening.
Still optimistic @HFB?
you wana look at CEG thats the worlds worst
The biggest dog on aim that’s why there’s No interest
Yes the Island's greed and only on the Island policy has held them back for 20 years
Australia even agreed to a both in favour of the Island split 80/20 (island) 70/30 (Darwin
or FLNG) for Greater Sunrise
On the 2018 Maritime border agreement it was a 50/50 split as the reservoir is across the
boundary line, Australia even agreed not to issue a new exploration license on their side
of the border where they could drain it all off themselves
9th September made a move but it is still we want BEACO tasi mane with much improved
financial metrics from 3 fields this time vice only Sunrise last followed by anything else
that comes along
They have it all and still want more, the lack of bids , resulting in a covid excuse and round
extension for a second time
Fingers crossed they will now take a cold hard look at reality and discuss a way forwards with
the industry , they even said you are the experts WE WILL NOT INTERFERE in the bid round
notes inferring however the bid/operators want to do things , its up to them
come the closing here we go again another extension and no progress in the one issue that
has held it back all these years , giving the industry players a path to monetise and also
make a buck in the process
They now have another 6 months to put that right and convince the likes of Shell , Conoco
BHP and Nexen who all left frustrated they will not be stranded again after spending hundreds
of millions in development
“…general terms call for full cost recovery, 5% royalty, 60-40 profit split in favor of operators, and 30% income tax”
Not much left for the operator, almost 60% of your revenue gone. No wonder there isn’t any interest.
https://www.ogj.com/general-interest/article/14210802/east-timor-extends-oil-and-gas-licensing-round-a-second-time
Sept. 22, 2021
East Timor has extended the deadline for its onshore and offshore oil and gas licensing round
for a second time in an effort to capture interest from international and national oil companies
They have the right headline , they did not get the bids due to uncertainty not covid now going
into extra time , hopefully no penalties and some bids at the end of it all lol
:))
http://www.tatoli.tl/en/2021/09/21/anpm-extends-2nd-oil-and-gas-licensing-round-until-march-2022/
local rag putting the to give them more time spin, vice the other articles they did not turn up due to
the production uncertainty angle
http://www.tatoli.tl/en/2021/09/22/ppn-embassador-of-indonesia-discussed-the-future-cooperation/
Mending fences with Indonesia who invaded in 1975 a day or two after East Timor gained independence
from Portugal , UN peace keepers came in and 2nd Independence ratified from Indonesia in 2001 so
can see why they where insular and its ours we will do it attitude back then
Indonesia suspected to have invaded for the oil and gas with Sunrise discovered in 1974 and others
being developed , they have a huge industry and pipelines and refineries of their own from their
part of the Timor Sea , so could become another option for a funder and operator of Beaco ?
back on the snooze button lol
:))