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Bridgedogg because chuditch has already dry been drilled by shell. With 100% chance of success. And it’s proven to be over 3tcf gas.
Boil’s time will come very very soon. I’m loaded and waiting so I’m happy with my sp average
Fingers crossed , they had the routine weekly cabinet on Wednesday as usual
but no minutes yet and Extraordinary Meeting of the Cabinet was held
http://timor-leste.gov.tl/?p=29968&lang=en
They will also want things sorted long before the bid round closes, as also looming is
Election Day - 19/03/2022
Forget the upcoming presentation, charts and projections, the big news is that I'm still invested. Act accordingly. Good day.
Lol , round of applause emoji's
MP
;))
you heard it from MP , BUY BUY bye
Very much looking forward to next week! the start of the news flow! the single figure bargains won’t last for long. Very happy with my 0.07 average! I’m hoping that we get a rns with some juicy bits in before the presentation! we can only wait and find out! GLA
Fingers and toes crossed Rob
would like to see some meat on the bones from the Island, without it , its just shades
of Shell and others years ago WE PLAN to , only to get shot down by the Islands
IT WILL COME to us
Expect a pretty self pumping presentation on the 26th , should give us a boost , high
by MC is around 0.20p (only un researched will cry we where 0.6 etc )
So that's the first nugget to break and see what happens next lol
:))
MC always the key figure not SP
dilution moves the goal posts
Yeah let’s hope so.
But even if the island don’t get the plant built with a pipeline it’s not a big deal.
All they will need to do is get a FPSO built and have a LNG tankers for offload.
I work on a FPSO in the North Sea so it’s possible and with the asset we have it’s very much commercially viable.
.2 would be very nice to crack for starters. Would still only be 20mil MC 3 bags from here. Seems to easy haha
That's been the whole point for us for the past year and them for the past 20+ years
other options have always been available , the Island have not permitted them to
happen, clinging on to the Islands own industry and local manpower dream.
9th Sept 2021 , WE ARE looking to build Beaco , now using CHUDITCH , sunrise and Kelp
as a combined initial feed to the refinery via a pipeline HUB located at sunrise.
They still cling on to the dream even then , with the bid round not surprisingly being
extended again for lack of quality bidders.
Without their consent , we are in the same boat as Shell and others, all these years
WE ARE going to pipe to Darwin , FLNG Super-barge , then to be shot down by the
Island SAY'S NO
The sector know the score ,hence 9 pre approval bids and 4 under review in 2 1/2
years of a double extended bid round. Likewise the market knows the score
Without their permissions , it remains stranded and worthless gas, be it 3 tcf or 10 tcf
I know what your saying but I think this time over the past they have no other options to go with the flow with this now. They haven’t got many options left for the island’s income.
natural gas is in such High demand this can’t go in noticed any longer. Once we get the 3d results we will get plenty of offers on the table I’m sure ;)
give us a bump but unless they give a certainty , you can do , rather than you
can not , it makes no odds , we used Shells figs originally , they had 5+ TCF
poss double if all linked around CH-1 Discovery drill and more leads to the
South West , possible 10-15 TCF
Since played snail paced mapping and seismic catch up to cross 3 TCF and here
we still sit under £10m MC , that figure alone is 510 mboe, give that a low 20%
recovery rate 102mbo/e rock bottom £1 a barrel is a 10 bagger alone.
But here we still sit , like shell we can say what we like for OUR own plan , it matters
not if no back up from the Island, the sector and the market will just see it as same
old same old , especially with that 9th September presentation
The Gov WE ARE and Chuditch is included in that master plan as it stands.
They set the ball rolling with a joint 2019 SundaGas/Gov presentation , fingers crossed
they end it with another joint presentation, to confirm not only is Chuditch good to go
but HELLO SECTOR , come and get us and the available licenses.
;))
As for offers without some kind of certainty , we will not get the sort of
offers we would like to see , more likely other chancers looking to get
in cheap and look to sell if things do open back up
The 3 majors and osaka city gas that had sunrise originally spent $400m by 2010
with it being put on care and maint from 2004 due to the Islands no go anywhere
policy , how much is that in 2022 money
Billion dollar project to develop , needs a Major/Tier 1 or few knocking on our door
they all left, the island want them back, we need them back
a ten bagger will be fine but will be disappointed not to see that 50-100 bagger
it should be with the right partner and a permission to monetise the gas. GLA
;))
As said for a while , imo there will be a decision pre bid round this time
(or its toast again for a 3rd time)
Then what is the Sectors response , they did not like the additional costs of Beaco
last time v either current infrastructure or later when Shell proposed FLNG , which
even Woodside who had built facilities in Darwin specifically for TL ops agreed was
a financially much improved option for its own operations