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The well will now be situated 5.1km from the site of the original Chuditch-1 discovery well in a water depth of 68m. Based on 3D seismic mapping and the results of Chuditch-1, the planned vertical appraisal well drilled at this new location is expected to encounter gas-charged reservoirs 16m shallower than at the initial location and, as a result, SundaGas now predicts a taller 149m gas column in the reservoir target versus 133m predicted at the initial location.
Drilling Planning Preparations
In parallel to the recent Site Survey operations, drilling planning has continued at a good pace. SundaGas' experienced in-house drill team has further refined the well design, enabling the process of tendering for essential materials that have long procurement times such as well casing to have commenced. Design work on a Chuditch-2 well test (DST) is ongoing, led by SundaGas' well test engineer.
SundaGas is in discussions with drilling rig contractors and other third-party service providers in support of well construction plans. The Company is also liaising closely with other operators in the region that are expected to drill wells in locations relatively nearby.
Detailed workshops are being held on a regular basis with joint venture partner TIMOR GAP and government regulator ANP, whose input to operational and logistical planning is continuing to prove invaluable.
SundaGas and its joint venture partner TIMOR GAP are working on resources to ensure successful delivery of the upcoming Chuditch-2 appraisal drilling campaign. Discussions with a number of potential funding partners are ongoing and further announcements will be made at the appropriate time.
Should know by June 19th if the have secured a rig.
Baron is currently party to other Farm-Out and funding discussions which are ongoing and where progress continues. In addition, the Directors believe that it is an opportune moment to re-invigorate Baron's Chuditch Farm-Out programme, emphasising government validation, partial funding from the Farm-Up and operational progress, in order to add impetus to other funding discussions. The Directors believe that Baron's large remaining interest in the PSC is attractive to various types of potential Farm-Out and funding partners.
Https://www.energyvoice.com/oilandgas/asia/395942/chuditch-gas-discovery-stirs-excitement-offshore-east-timor/
Shell previously collected an enormous amount of technical data on the find. This covered everything from coring to running all sorts of logs that give Sunda a good basis of understanding. But Shell did not test it. They drilled in 1998, when there was no gas infrastructure and nothing like the gas markets today. Therefore, Shell, which was hoping for an oil discovery, let it go. “For us it’s a much more interesting commercial opportunity today,” he said.
“It’s a good discovery and it’s the same plover reservoir system you see in everything from Bayu Undan to Abadi, going through Barossa and Sunrise. The reservoirs encountered by the Chuditch well are very good. We are confident of very good flow rates,” added Butler.
To avoid confusion i'm referring to this one dated todays date 26/04/2024.
https://www.energynewsbulletin.net/exploration/news/4201600/location-chuditch-gas-probe-timor-leste-lng-potential-eyed
Its a new article dated 26th April. It was released today. ENB are very reputable outfit and well regarded in the O&G sector so when they say the super majors are interested it isn't to be taken lightly.
I always give credit to people who post links on here I didn't this time because it had already been posted in the telegram group on the 18th April.
No biggie ED, said long ago , I only post here , do not do twitter or the rest anymore , so have at it , spread the good word to all and sundry 😂🤣😂
But your right , those days have long gone, back in the day , scientists thought our Sun was the centre of the Universe, now we have half the planet , that thinks they are the centre of the universe and all revolves around them 😂🤣😂
Reality TV , what a fcuk ed up bunch of role models that brings, for them to aspire to be , paid loads to be laughed at and do not have two to rub together to realise it, no wonder half the world is grey cell limited, with a, I thunk therefore I must be a genius disorder. But pretty sure I have an app for that. 🙄🤦♂️🤦♂️🤦♀️🤦♂️🤦♂️🤦♀️🤦♀️🤷♀️🤷♂️
And it's not a pop at you, nor Jarvy, it's just the fact of what happened 🤷
Tradedesk
Posts: 9,129
Price: 0.0675
No Opinion
RE: Rig Contract & JVToday 15:13
No Eddie that isn't the reason. It's because i didn't scroll down to check. You can think what you like though.
Well it is the reason though, and im guilty of it too. Jarvy copied VT's link to TG and didn't credit him, if she had of, you would of known it came from LSE, you took it from TG and posted it on LSE not knowing it came from LSE originally.
thus, it happened because we have forgotten about the the politeness of giving credit and as i said, i hold my hands up to doing it myself, we are all human after all, and likely because we lead busy lives.
They are still only well heeled pi trades at these prices , last big run , we had many £75-£100k+ and a whopping £364k trades , our resident spread man (our TR1 IG stuff) Rob B, would often call his £40k - £60k trades early doors, before they turned up in the 1700-1730 XOFF spreads Trade drop.
Even dog of the decade , ukog had 3 for £2m , back on its legendary floor to kiss 12p (whole pence rise) , see some real big trades and we know its on , like DK. 😜🤑 GLALTH
📰👀👁🗨👁🗨👀👁👁👀😜🤪
28m over ask again today at 0.069, there was a 47m at 0.069 yesterday as well. Someone is accumulating and they don't mind paying premiums.
No Eddie that isn't the reason. It's because i didn't scroll down to check. You can think what you like though.
Thanks Meadow & no worries.
Will slice 50% at at a £50M mcap at 0.2p and hold the rest
Suddenly more than doubled volume in the last half hour , from 46m to 108m aimx
fledgling , lesser spotted FOMOF ? 😲
Meadow1948
Today 13:49
Posts: 647
Price: 0.065
No Opinion
Tradedesk-This was posted by VT at 13.05 TODAY
It's because we've forgotten the politeness of giving credit.
I have a feeling we will break 0.07 before we break 0.08! keep posting your crap Mystic Meg is 0.08 your selling price? if the news we all want on the funding breaks 0.08 won't come into it.
Added a few million more shares today.
Common baron oil ( sundagas energy) let's get that funding news out soon.
Great article, I feel a break of 0.08 can't be far off now.
Tradedesk- I do agree it was a good summary and read well
Treading as healthy as I am 😷 at the mo, not much chance of a FOMOF today, everyone's taken the day off. 😂
aimx 46m & aqse 327k
😴😴😴😴
Thats fine. I didn't check. Dated today and a good write up. Interest from LNG investors/super majors is awesome. Lets bring it home.
Tradedesk-This was posted by VT at 13.05 TODAY
New article out on Chuditch!
https://www.energynewsbulletin.net/exploration/news/4201600/location-chuditch-gas-probe-timor-leste-lng-potential-eyed
"Significantly, the exciting opportunity is thought to have attracted interest from LNG investors. Baron Oil is seeking investors to back the relatively low-risk appraisal drilling campaign at the Chuditch gas field offshore East Timor. Possible suitors include Eni, Inpex, Santos, Petronas, and even Chinese national oil companies (NOCs), for the potential LNG project, as ENB reported last November."