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China visit should keep the pressure on Australia. Plus investment from Brunei company on the South Coast industrial development projects shows real progress from the TL government.
๐๐๐๐, ๐๐ ๐๐๐๐๐ ๐๐๐๐ - STRATACOM GLOBAL INVESTEMENT accompanied by its local partners and H.E. Ambassador of Timor-Leste to Brunei Darussalam, Mr. Abel Guterres held a technical meeting with the Investment and Export Promotion Agency, I.P. (TradeInvest Timor-Leste) in the TradeInvest meeting room Colmera, Dili.
The objective of the technical meeting was to discuss about the plan to submit the investment plan and other necessary documents to TradeInvest Timor-Leste.
STRATACOM GLOBAL INVESTMENT is a Brunei based company and plan to invest in the tourism sector, industry, fish and aquaculture which would be located in the municipalities of Baucao, Manatuto, Dili and Atauro.
Brunei Darussalam has expressed interest in investing in the minerals, petroleum, and tourism sectors in Timor-Leste.
https://m.facebook.com/story.php?story_fbid=pfbid02CXoZGYxtCSCqUTEY5g3sa4Q46gYRYXaCf1Eqi7QmUJvKE2ZVX5RS1hLW8x68bDVWl&id=100064824159804
๐๐ถ๐น๐ถ, ๐ ๐ฎ๐ฟ๐ฐ๐ต ๐ฎ๐ฑ, ๐ฎ๐ฌ๐ฎ๐ฐ โ The Minister of Foreign Affairs and Cooperation, ๐๐๐ง๐๐ข๐ญ๐จ ๐๐จ๐ฌ ๐๐๐ง๐ญ๐จ๐ฌ ๐
๐ซ๐๐ข๐ญ๐๐ฌ, held a meeting with a team from the Embassy of the People's Republic of China in Dili, led by Counsellor, ๐๐ฎ ๐๐๐ง๐ ๐ฒ๐๐ง๐ , to discuss the preparation of arrangements relating to the Minister of Foreign Affairs and Cooperation's' visit to the Peopleโs Republic of China in the next month.
The visit itself will take place on April 3 this year, It was invited directly by the Minister of Foreign Affairs of the People's Republic of China, Mr. Wang Yi.
On April 3, 2024, the MNEK will carry out a meeting with his counterpart, Minister Wang Yi, in the city of ChongZuo, China.
The meeting will discuss important issues relating to the interests of both countries. Among them, the issues to be discussed include: H.E. President's state visit to China, the Belt and Road Cooperation Plan, the position of China on the South China issue, reiterating the support of China for Timor-Lesteโs accession to ASEAN, the cooperation of Portuguese-speaking countries (CPLP) with China, the Air Service Agreement, and other related issues.
https://m.facebook.com/story.php?story_fbid=pfbid02YZ6LpkRZKGaXh4VP2Ppq41pD3BnVHxBf4BgC7GyJeqoproXdJMPDET2TBkYqU9el&id=100093943536549
Strong buying at close yesterday, momentum continues today as key news draws near.
Australia's Woodside to boost North America LNG purchases 5-fold.
Australia's Woodside Energy Group plans to significantly step up liquefied natural gas (LNG) purchases from North America, as rising costs and other issues make procurement in its home market more challenging.
The company currently procures LNG from a project in Texas, and plans to start buying from Louisiana in around 2028 and Mexico's west coast in around 2029. It expects to source 4.7 million tonnes of LNG annually from North America at that point, five times current levels and equivalent to almost half the capacity of the production rights it holds in Australia.
https://asia.nikkei.com/Business/Energy/Australia-s-Woodside-to-boost-North-America-LNG-purchases-5-fold
Cant really compare them, what you can compare is official statements, Shell the original owner of both Sunrise and Chuditch , had Chuditch over the whole 3,571 sq km license at over 5 tcf (Chuditch , Bilby , Wombat with multiple other leads to the South and South West
Those 3 became Chuditch, Chuditch North and Chuditch SW (Bilby/Wombat) when Sundagas non tender awarded the previously Australian Chuditch license. The only area 800 sq km Boil have touched of the overall 3,571 sq km.
So in theory taking Super Major Shells evaluation over our minnow, Sunrise and Chuditch on a pretty level playing field.
Oil and Gas conference 2021 , Greater Sunrise valued at pre gas price boom , $65 BILLION to the developers over an expected operational life of 30 years. (headline has $75b - then quotes Gas $50b plus condensate $15b)
https://www.in-vr.co/timor-leste-online
Offshore Greater Sunrise: A $75 billion oil and gas giantโ
Timor Leste is the majority shareholder in the Greater Sunrise fields, containing more than 5.13 trillion cubic feet of gas, worth at least 50 billion dollars. The blocks contain 225.9 million barrels of condensate reserves, worth over $15 billion.
As the project is developing, major partnership opportunities are created in upstream and midstream. These
opportunities will be discussed in detail by Timor GAP on the first Timor Oil & Gas Summit, following the highly successful $20 billion Bayu-Undan offshore field.
Minnow holding 60% of a much larger developed by Super Major asset, a path to monetise becomes clear, permit for FPSO/other or onshore facilities built (Metinaro and/or Beaco) and its
KAAAAAAAAAAAAAAAAAAAAAAABOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM Re rate , market correction and Mega multi bag time, until then, its same old same old, rangebound and spikes.
Drill finance , JV , official backing , Metinaro and/or Beaco to be built this time. ALL CHANGES ๐
Our day will come , when a path to monetise Chuditch becomes a reality, denied others for two decades. Currently thrown in to Boil MC as FREE , Dunrobin's over 200mbo (66m to Boil) more than covers the current market value. ๐ค
Metinaro Gas LNG P.I.T. , fid down as by end of 2023 or in Q1 2024, into the final week of that statement. Chuditch has to be a prime candidate to supply the Island with Domestic Gas - Metinaro - 3 Power Stations and TL sdp 2011-2030 plan , cheap and plentiful Electricity for all Timorese by 2025/26. (Outgoing PM Rauk 2021 Parliament speech)
http://timor-leste.gov.tl/?p=29021&lang=en&lang=en
https://www.timorgap.com/newsroom/press-releases/timor-gap-signed-a-contract-on-the-18thjanuary-with-pt-tripatra-engineering-for-the-f
easibility-study-and-front-end-engineering-for-the-metinaro-petroleum-import-terminal-project/
https://www.linkedin.com/posts/timorgap_english-news-update-9-june-2023-activity-7074198156971782144-KJa4?trk=public_profile
And all you need to know of local planning,with
Chuditch pages 42-43
Metinaro pages 58-61
https://www.timorgap.com/wp-content/uploads/2023/09/AR22_English_Web.pdf
Facebook ยท TIMOR GAP, E.P.
6 reactions
timor gap metinaro plan from m.facebook.com
METINARO SITE SURVEY CAMPAIGN UPDATE 3 August 2023 โ TIMOR GAP President
& CEO with its management visited Metinaro site survey to observe the survey operation ...
UN reporting the TL SDP 2011-2030
https://wedocs.unep.org/handle/20.500.11822/9800;jsessionid=13D16F982FD1127571A606280CC5512A
As said many times , need to hear positive from other than TL end, they have been in local press and oil and gas magazines , many , many times since 2001 , with Sunrise to our shores , imminent or we have agreed with (total tosh) since 2002.
In the same , would do our negotiations with a real offshore player, a real boost, if they came out and supported Sundagas plans, last official statement was the Sept 9th 2021 , we have initiated new studies for the Sunrise HUB and Pipeline, using co-ordinated development of Sunrise , Kelp and Chuditch.
Straight after we said , looked at many options, now settled on Chuditch via FPSO
Kadoras in Portuguese GIFTS , in some other languages LOVE
Time they realised the early GIFT Chuditch and be and gave it some public LOVE. ๐๐
๐ ๐คฃ ๐คช
Easy answer go somewhere else
Itโs been at this level for so long now canโt even do a daytrading just barely breakeven
We will see
"Furthermore, Vice-Minister of Parliamentary Affairs รderito da Costa Hugo, who attended and participated in the plenary of the National Parliament, said that the IX Government has promised to develop the Greater Sunrise field, so there is no doubt that kadoras will come to Timor-Leste."
I can't help but think 'or what'.
So much ground to make up CHAR currently valued at ยฃ95m they have 2C contingent resources at Anchois of 637 BCF vs Barons Chuditch 1.1TCF. They're prospective is circa 1.4TCF vs 3TCF at Chuditch.
We're currently sat at ยฃ7m valuation for the asset. Mkt cap is ยฃ14m with roughly half that in cash.
Crazy disconnect and upside now
Who promise
Little boxes on the BB
Little boxes made of ticky-tacky
Little boxes on the BB
Little boxes all the same
There's a green one and a green one
And a green one and a green one
And they're all made out of ticky-tacky
And they all look just the same
If I was you at 0.15 I would be out
Hello my friends I hope you all had a wonderful weekend.
Eat well, sleep well, get up at appropriate times and sleep accordingly.
Na,that would be too good , that would be 30%
I donโt know about news but may be a bit of movement up from the slow , maybe 0.07
Theyโve promised to deliver. Theyโre under huge pressure to deliver. They deliver. We win.
Debate in parliament. Apologies for the ropey translation.
On March 25th, 2024, the FRETILIN Parliamentary Bench made a political statement in the National Parliament plenary session to present their doubts and question the Greater Sunrise project, which until now has not been finalized. FRETILIN Bench member Antoninho Bianco declared the FRETILIN Bench's political decision regarding the Maritime Border Treaty that delivers 30% of Greater Sunrise to Australia, making Timor-Leste unable to make a final decision, but must consider the preferences of the Australian government. "FRETILIN asks the 9th government to explain, why did we win the Maritime Border but not all of Greater Sunrise? Did we truly win or are we still missing out, while the public thinks we won?" stated member of parliament Antoninho Bianco about the FRETILIN Bench's political statement.
He explained that the VIII Government started from July 2020 until 2023, with positive progress because draft documents of the Production Sharing Contract (PSC) and Joint Operating Agreement (JOA) are now highly advanced. However, 80% of legal terms in the Petroleum Mining Code (PMC) and PSC have already been aligned between the Sunrise Joint Venture (SJV) and the Australian Government with Timor-Leste. "The service of the IX Government aims to finalize the remaining 20%, but until March 2024, these two important documents are not yet finalized. The FRETILIN bench questions the team's capacity to work at the Ministry of Petroleum and Mineral Resources," he lamented. He added that in 2021, TIMOR GAP completed the technical study of the Competent Person Report (CPR) to confirm the petroleum resources (2C Resources) in the Greater Sunrise field. "The uncertainty for the Greater Sunrise field also arose because the IX Government changed its plan regarding the Tasi Mane project. Studies are being conducted for explanation." He, as a member of the CNRT bench, Gabriel Soares, considered this statement false during the Lenten season, because the IX Government is committed to attracting investors to Timor-Leste.
"That which is like a song only during Lent is said by demons to be a cry for help and to draw one towards the cross, but the people already know this, therefore they appreciate PM Xanana for convincing the entire nation to win. CNRT has promised how to bring kadoras to Timor-Leste," He commented on the political statement of FRETILIN's bench in the National Parliament. Furthermore, Vice-Minister of Parliamentary Affairs รderito da Costa Hugo, who attended and participated in the plenary of the National Parliament, said that the IX Government has promised to develop the Greater Sunrise field, so there is no doubt that kadoras will come to Timor-Leste.
https://m.facebook.com/story.php?story_fbid=pfbid02oAwXrZYVjW1jnWm5U9pEDcrESh1hrZ6X1zVpTEYuxVR7PRRK41LSydgCF8XT9QS6l&id=100071171537997
Timor the place to be - ๐คฉ๐คฉ๐คฉ
Well, they keep having meetings, so good news I guess? ๐