The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Same being reported by the local Timor Leste NGO Lao'Hamutuk , as posted Friday
Baron Oil is seeking investors to back a 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. Significantly, the field, discovered by Shell in 1998, is expected to be larger than initially thought, following modern seismic interpretation work, Baron Oil told Energy News in a recent interview. The mean contingent resource is now estimated at 1.16 trillion cubic feet (cf) for Chuditch, up from around 700 billion cf previously. Adjacent prospects offer an additional 2.1 trillion cf of prospective resource potential. Baron expects to drill a Chuditch-2 appraisal well in late 2024, subject to drill financing. "We have several discussions with various parties for financing and we are working on all aspects of funding. However, we are very confident that we will drill, hence preparations are already underway," Andy Butler, Sunda Gas, told Energy News.👍
As I first posted Friday , ,ENB also reporting , we could be looking at some real up market partners. 👍
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.
https://www.energynewsbulletin.net/exploration/news/4201600/location-chuditch-gas-probe-timor-leste-lng-potential-eyed
DHAHRAN, Saudi Arabia – Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500 million. MidOcean Energy is a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors.
https://midoceanenergy.com/aramco-to-enter-global-lng-business-by-acquiring-stake-in-midocean-energy/
That behind a paywall, ref's to Saudi Aramco getting a foothold in OZ Gas/LNG through MidOcean Energy
here's their own article, looks like they are on the hunt for more in the region also, links with Japan supply.
https://midoceanenergy.com/eigs-midocean-energy-completes-acquisition-of-tokyo-gas-interests-in-portfolio-of-australian-integrated-lng-projects/
Our focus on integrated projects is central to the strategy and affords MidOcean the opportunity to capture value across the full LNG value chain.”
“The acquisition of these high quality, cash flowing LNG projects is a significant milestone in MidOcean’s strategy to build a diversified, global ‘pure play’ integrated LNG company that supports the world’s transition to a low-carbon future,” said De la Rey Venter, MidOcean’s CEO. “This transaction accelerates our ambition to be a leading player in the global LNG sector for decades to come, and we look forward to servicing key LNG customers in Japan, Asia and across the globe.”
ENB , now the Saudi's moving into the Australian LNG Arena........ 😉👍
https://www.energynewsbulletin.net/markets/news-analysis/4200792/deep-dive-saudis-taste-australian-lng-projects
DEEP DIVE: Saudis get a taste for Australian LNG projects , Saudi Aramco is presenting itself as a trusty ally for Australia’s LNG growth plans
Yes, lets see what this week and the period ahead brings. ENB are a well researched outfit. The super majors are circling, which one will it be. We are cashed up to the tune of £7m. Keep an eye out for the rig contract.
From the earlier superb article from a reputable source.
"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."
Who do you fancy?