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VT/ifiknewidberich9 - Why are you talking to your self?
Alright for you, you can sit on it , wait with your hundreds of millions of shares, not as cushy for some of us newbies looking for a winner to grow a retirement fund. Will give my punt only £1000, til finance or jv news and see what happens then.
It will , just needs Mr Market to wake up and read all the news
https://as2.ftcdn.net/v2/jpg/01/34/58/07/1000_F_134580747_XsWPGfGYU4l1LYfnufVE94qGvoDwXEIu.jpg
So if all this happening , how come its still not moving , keep also saying lots of other countries , want to throw endless cash to get it done but still , no movement , can't believe we will not rise from our own news alone ?
Hi HFB… Passiton… VT…
Losing track of how many hats you have
I have posted that many times, its all true , you just have to google , look at TL Gov web etc, Timor Gap web and others its all out there, as is all the latest moves by China , Indonesia and others, resources one thing, a way to monetise has been the missing link for decades, that's all changing , those values will find their way to Boil and return to Woodside (Sunrise on its books 0.00c for its 34%) once hundreds of millions, marked down year on year , the last one being a few years ago from $178m to ZERO.
Chuditch is a huge license 3,571 sq km, which boil has only scratched the surface of, its only going to grow , in GIIP , Reserves , other leads Quokka eg, the ones Shell in the 90's thought either Oil or even more gas over large condensate fields .
Now TL and it's infrastructure issues back in play, so is all the stranded and left behind oil and gas ( mostly) , those sorts of values will be recognised , one day Rodney , next year etc etc.
It's a massive project , which will attract , big players and long term FFD developers (26-28 wells like shell plan for sun by FLNG) Talking $50-$100 Billion to the developers over 30 year life cycle.
It will come with that progress both on and off the fields 🤔👍
Keep saying trade, took years for Shell and Conoco to leave , said leaving after 2008/9 FLNG plan was given the TL NO
Years later , their 56% was taken by a TL loan from the Sovereign petroleum wealth fund that pays 85-95% of the Island budget annually, for $650m, 2019 prices , pre gas boom. Making that deal 5tcf Sunrise a $1 Billion+ asset then.
Boil hold the other Shell departure , 60% of 3.5 tcf
The revenues illustrate how big this asset is on just one satelite. Our share will likely get bought out way before FID, if we hit commercial flow rates in Q4 any major we partner with will want our free carry at any cost as we don't bring anything to them or a consortium of majors. We'll be talking several hundred million $'s to make way, serious boom time at this point.
Our past TR1's were mostly from mass pi spreads on IG , like ROB, who was honest enough to call them
Most definitely Jarv, Yeo ho ho and co , needed two to keep shifting all the p&d confetti placings, if plan indeed to fund via non equity, do not need the second one for at least a year. Hopefully full stop.
Especially if as some of us suspect, the game has changed under AB and staying for revenues moving forward vice old Yeo ho ho's lack of vision, sell all pre drill or jv drill and sell the rest.
Stats strongly suggest, Chuditch CH1 area GIIP and the additional leads on the wider license, only going to keep growing 🤑🤑🤑
As in the recent RNA Message :-
However, no decisions on FUTURE CONCEPT SELECTION can be taken until the Chuditch-2 appraisal drilling results have been evaluated. With TL Parties.
We stay , we go , new senior partner/operator in play, we FPSO , FLNG or pipe, to Metinaro early doors, Beaco later FFD
Still lots of positive bump's in the road, before all revealed Q1 2025🤔
Personally thing we should also go down to one broker Cavendish to save cash.
VT they won't get any borrow on Spreadex its all been taken up. I expect new bod members to be financially astute and have tighter control of the purse strings.
Until AB says otherwise, revenues not a consideration, Boil is an investor in assets company , not an oil and gas company, the gone and absolutely forgotten BOD, had ZERO interest in going to production (Multiple presentations/podcasts)
AB , Colin and his Sundagas team ARE oil and gas people, our first big clue should come shortly with WHO is announced as the new additIon/s to the Boil BOD.
Their CV history , which always comes with new appointments, should give that subject a hint to this board. 🤔
AB, stated recently , we are now an Asia focused GAS company, oozes of name change and change to company profile.👍
Still only seeing well heeled PI trades, Rob our long time resident IG Spread better , use to call his £40 to £60k trades out to the board, ahead of their arrival. Last major move , we had many £75k - 100k+ and a whopping high of £364k.
Guess when they finally figure out AB is going to make it happen, those BIG trades will return with perhaps even our first real ii TR1 (IG don't count not an II ) 🤔
As at 31 December 2023 the Company had an available cash position of approximately £3.65 million + £3m raised Feb 12th + £260k in retail wrap offer 16th Feb. So thats a total of £6.9m, take off 200k to £300k for broker fees thats circa £6.5m + $1m of back costs from Timor Gap paid within 30 days of that completing so your talking not less than £7m in cash. The Bank Guarantee for $1m is an extra i've not included. We are loaded with cash right now.
Timor Gap Farm up is worth $8.5m to us, subtract that of the $31m. We need $22.5m for remainiing fund drill, we have 60% of the asset to farm down 30% to 40% and have ourselves a free carry of 30%-20%
Marc Howson, Head of Asia at Welligence Energy Analytics "Chuditch could supply around 300 million cf per day of feed gas into a 2 million tonnes per year FLNG vessel"
"Welligence expects Asian LNG prices to exceed US$9/MMbtu, which, supported by Chuditch's location close to several LNG-importing markets, incentivises the development."
Annual revenue from feed gas would be approximately $985.5M/ year
BOIL working interest 60% = $591 .3M per annum in revenues from Chuditch-2
If we retain 30% = $295.65M per annum to BOIL
If we retain 20% = $197.1M per annum to BOIL
If we retain 10% = $98.55M per annum to BOIL
Still low volumes but as you say , now picking up a little , was creeping early doors.🙄
aimx 161m and aqse 8m
shares in issue 25510m, its a drop in the ocean but floods start with a few raindrops😉😂
Monies held as security for the bank guarantee in Timor-Leste, would have to check back but that is 1m for the original and if I recall another 1m was placed in security for the extension (so 1-2m back up in that)🤔
Buyers are busy loading down here, 31m buy just in at 0.0687
The only thing silly around this board the past two days , is the silly putty between your ears Moamm. 🤡
Cash position circa £6.5m + $1m from back costs from Timor Gap Farm up so circa £7.5m. All in all not less than £6m right now.
In this interview, Dr Andy Butler discusses baron's updated financial strategy, emphasising the goal of securing project-level funding without diluting equity at the plc level.
16th February RNA
Placing and Subscription and the WRAP Retail Offer have raised gross proceeds of approximately £3.26 million for the Company.
8th February RNA
As part of the Farm-Up arrangements, TIMOR GAP will make a cash payment to SundaGas of c.US$1 million to cover back costs within 30 days.
25th Sept RNA
Available cash (excluding monies held as security for the bank guarantee in Timor-Leste) as at 30 June 2023 was £4,619,000
RNA 30th Nov 2023
Gas Development Options
The Company continues to evaluate all potential options for gas export from the Chuditch field in order to be able to fast
track the concept selection processes anticipated following a successful Chuditch-2 appraisal well. However, no decisions on FUTURE CONCEPT SELECTION can be taken until the Chuditch-2 appraisal drilling results have been
evaluated, and in full
collaboration with TIMOR GAP as joint venture partner in the Chuditch PSC, ANP and the Ministry of Petroleum and Mineral Resources of the Government of Timor-Leste.
So let that collaboration be , hey AB you got the gas, YES, ok can we have it for Metinaro, YES , But only if excess production can be sold on the world market , at the right price,, ahhhhhhhh okay dokey as its you AB We AGREE
If only Carlsberg did .......... 🤔
Nice buy just come in; someone's confident.
You're not answering my comments head on - links that dont mention anything about raising and cash and silly memes