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2 big finance guys on board that look like they know how to raise a few quid! Theres the brains to the dilution
Market cap high , which is always the true high, never sp, is £49.85m which is basically 0.2p with current new expanded share base, we hit that MC , on a something might eventually happen, would on progress, expect that old high to be left behind on a SOMETHING HAPPENING RIGHT NOW DRILL event.
Same as last time , same range the high MC was 0.17p, it cracked and did another 100% on top, same again on a much higher profile event and that is 0.4p just under £100m, many a minnow chasing much lower bo/e have soared to MC's of £250-£500m on drilling events.
Chuditch limited area GIIP and reserves will rise after the drill CH2 149M v 25M ch1 well site reservoir, £100m not a lot for an asset , by the TL Ambassadors comments recently , worth over $10 BILLION to TL, at the time TG NOC only held 25%
making the limited area in play (minus quokka other shell leads) alone worth over $40 billion to a long term developer.
When it goes, it will go big, especially, if AB achieves what TL Gov have long sought, a return of the big boys, a JV with FilthyLucres wish list INPEX (or similar) will cause an explosion across the market and various herd winds. GLALTH 💥
Interesting analysis Santiago. Thanks for the insight.
On Friday, deputy PM Lay , was given FULL authority by the TL Government , to sign on their behalf, another TL-BRI signature.
China now has committed to fund TL via BRI , using CPLP , ASEAN and Directly with agreements MOU with TL and it Strategic Planning and Infrastructure Ministry.
As far as TL concerned , Sunrise set in stone for the Southern Project (ex Tasi Mane) which leaves our Chuditch FPSO plan front and centre for the Northern Project , Metinaro Gas/LNG plus emergency 90-120 day domestic security , tank farm.
3 Island power stations set to be converted to Gas/LNG from Diesel.
Time lines still fit like a glove, Metinaro FID overdue (was down as by end of 2023 or IN Q1 24) Original timeline PM Rauk, hoped all completed by 2025/26........Chuditch driling a shell rated 100% cos CH2 Q4 (20th Dec? slot)🤔🤑🤑🤑🤑🤑
With a bot of patience this will zoom pass 0.1p soon.
AB will deliver value here for shareholders imo.
0.20p is my target by well spud.
The 6th Ministerial Conference of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao), also known as Forum Macao, was held on Monday, which clarified key areas of economic and trade cooperation between China and PSCs and reinforced Macao's role as a commercial and trade service platform.
Wang pointed out that as most of the PSCs HAVE SIGNED documents related to the BRI
MOFCOM will promote the connection between Forum Macao and the BRI.
China is ready to work with PSCs in facilitating trade and investment, opening up the industrial and supply chains, increasing support for livelihood promotion projects, improving the Forum Macao mechanism, and forming a diverse and new cooperation pattern, said Wang.
Representatives from nine PSCs - Angola, Brazil, Cabo Verde, Guinea-Bissau, Equatorial Guinea, Mozambique, Portugal, Sao Tome and Principe and TIMOR-LESTE - attended the forum and delivered speeches.🤔
http://en.people.cn/n3/2024/0423/c90000-20160400.html
Well that was short and sweet, volume stalled and died 130m after 40m , currently 132m after 70m🤦♂️
130m first 40 minutes, most days lately barely scraped 200-250m, the exception being the other days RNA inspired 1400m
time for some old style boil 3-5 session simmer , bubble and boil over, to a new higher trading range. 👍
Wrong BB Buddy
Strong sell
Keeps that up and its a pace maker for a 1995m ,nearly 2 billion share day and we all know, Boil loves a boom, on a series of billion/s share days 😜🤑🤑🤑🤑🤑
115m shares in the first 30 minutes , come on..........time for Boil to bubble all over the market 😉😅
Imo funding news is very near. Appointing such experience to the BOD of an AIM minnow speaks volumes.
Jarv & VT totally agree the emphasis on the new arrivals is heavily weighted towards the financial aspect which suggests Andy Butler is very comfortable in overseeing the decision making of everything else, a sure sign of strength of leadership in his own ability.
atb.
Sharp start aimx 87m v 2m aqse in the first 20 minutes, big volume day coming ?????????? 👍
Yes Jarv, its a mixed bag, strong financial and investment, plus the M&A, so AB could still choose to go in either direction , after the 100% cos CH2 drill, either way another box ticked, new proactive boss , new bod , new vision for the future, all the things the gone and gladly departed, did not have. 🙄 GLALTH
Good to see these appointments financial backgrounds and Oil and Gas they can keep an eye on the spending.
Weirdly , the Timor Gov Web ,no longer displaying that Monday, Extraordinary Cabinet meeting for 4pm local at the Horta Presidential Palace, presume cancelled or needed more time to prepare, 🤞🤞🤞🤞 something Electricity/Gas related in Wednesdays 9am weekly CM. 👍
Good appointments, said he would move quickly, he as posted many times, has endless contacts and contact with industry players, from background and vice presidency of Seapex, wanted him in charge long ago, wish granted, now has his baby back , very strong ties with the Island, if anyone can , AB can 🤔👍
Our TG Web page still way out of date 🙄
https://www.timorgap.com/our-business/upstream/offshore-blocks/
A new and strong management team has been built in literally less than 2 months. Butler not peeing about!
So much for previous statements by Woodside the new studies would be with a bias to TL Onshore processing, this clearly states ""The Study will be conducted in an impartial manner"" , is Meg still stalling ? 🙄
https://www.timorgap.com/media-release-april/
Multiple previous studies have shown , in order of cheaper development plus more profit, FLNG , Darwin , TL
It’s all looking very positive 🤞🏻
GLA
Chudditch will be drilled expect new funding partners soon