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In the grand scheme of things. We’ve seen some changes in leadership and IMHO we have the right CEO at the helm, we now have sole focus in the region and the right assets. Noted re: CFO from people but I believe in AB. This will be a very different SP in 6 months. GLAH
Australia has announced it will ramp up its extraction and use of gas until "2050 and beyond", despite global calls to phase out fossil fuels.
Prime Minister Anthony Albanese's government says the move is needed to shore up domestic energy supply while supporting a transition to net zero.
But critics argue the move is a rejection of science, pointing to the International Energy Agency (IEA) call for "huge declines in the use of coal, oil and gas" to reach climate targets.
Australia - one of the world's largest exporters of liquefied natural gas - has also said the policy is based on "its commitment to being a reliable trading partner".
Released on Thursday, the strategy outlines the government's plans to work with industry and state leaders to increase both the production and exploration of the fossil fuel.
The government will also continue to support the expansion of the country's existing gas projects, the largest of which are run by Chevron and Woodside Energy Group in Western Australia.
It argues these moves are needed for Australia's domestic energy supply as it tracks towards its targets of delivering 82% renewable energy to the grid by 2030, and achieving net zero emissions by 2050.
Currently gas accounts for 27% of the country's existing energy needs. But the bulk of what is produced domestically is exported to countries such as China, Japan, and South Korea.
Why are you all still feeding it? Report it as libellous and leave him in an echo chamber every time he posts. Same with santiago. That’s where they need to live. Don’t feed the gremlins after 16:30 or any time of the day for that matter 🤦🏼♂️
Why are you still here the Kever ????????? If the CFO is going to bust us ?
Zzzzzzzzzzzzzzzzzzz
Rob Collins , what a fabulous guy he is 👌😉
Is this breaking news or have I heard it somewhere before! YAWN
Seems folk don't like hearing the truth about Rob Collins the new CFO of BOIL. He was CFO of VOG for nearly 2 years before it went bust. As CFO he set up no contingency if they lost the RSM arbitration. He told me to my face at a VOG AGM that he was 100% sure VOG would win the arbitration. He was wrong. He was a disaster at VOG. It is a massive red flag now he is at BOIL
1948 (a good year). Per Oscar Wilde, '.......sarcasm is the highest form of intelligence.'
Shiny- I know but can't help myself sometimes.
Dax1-Great post- Great research-no one on this board knew anything about that!
You just can't tell some people Meadow, they will prattle on regardless because it gives them some sort of thrill. As I've said before, the best way is not to feed them and to just green box them.
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.
Kever come back where are you hahahahh
Santiago- I'm not being rude but go and have a brain scan because you are obviously not right.
Jarvy wholly agree,
"Liaising closely with other operators in the region" was stated by Andy Butler and one of the reasons our recent seabed survey came in 'well under budget'.
Just ask the question why other operators are so willing to help / advise when in theory they would not want other operators taking the spoils.
The obvious answer is because they are already in talks with us and wanting to become a joint force.
atb.
I guess he’s not very helpful
Well you’ve got to look at some pictures here keep changing my mind as you can see.we will see .09 at some point and retrace to 0.07 and then shoots up big time or go to 0.09 slowly and then going through the ⚙️ a bit
Http://www.anpm.tl/wp-content/uploads/2023/12/PSC-BLOCK-P-1.pdf
Think about it, it is in Eni's interests to pay attention to what is happening with the geology at Chuditch it could help them derisk when they drill.
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. You can't get any nearer than block P.
Miker the rns have talked about about synergies with other players in the area they can't name them due to nda, but think we could be sharing the Valaris rig with Eni. Don't outrule Santos being interested or Inpex could also be other utilities players. We know that 3d needs doing in Chuditch NE and 3d needs doing in Eni's block P for their Psc, it makes sense to do it all at the same time and share those costs. Remember Andy said the talks were at an interesting stage, the government will be deeply involved in this. Like one article said Eni don't pick up a licence for the fun of it.
Jarv excellent post mate particularly your last sentence which is pertinent to the last sentence of the recent rns.
I can't be the only one that believes Andy Butler's comment on a pipeline of material ( means they exist ) new venture opportunities is also connected to his recent comments on 'very interesting talks regarding funding' or words to that effect.
I think now that he has been approached, more likely in my opinion by ENI due to their license next door, with suggestions of not only going in with a JV for Chudditch-2 but to then 'partner' ENI or whomever to continue a 'relationship' in working together on other projects seeing as, and agreeing with your comments, we will have a shed load of revenue at our disposal to be able to commit to such a programme of works.
I think we are much further advanced than just in talks of JV Funding. ENI do not know what they have yet in their license next door but they certainly know what Baron has in theirs and will see a huge opportunity in getting a foot in the door as a means to the start of a lot of activity, with us, in an area very rich in hydrocarbons.
atb.
Spot on Meadow, for those of us who have researched properly, we know the risks and the potential rewards.
Boil are not producing any revenues at the moment they may never produce revenues, Trp are no different, they have placed time and time again, Boil has just under £7mill in cash, has a Ceo who is a geologist and who is very passionate about Timor Leste, he also owns a fair amount of shares and has options that can only be exercised if he gets Chuditch drilled . We already have a 26m gas discovery found by Shell. We are on the path to getting PROJECT funding to drill a second well, Baron are in talks for the JV . Baron have 4 assets in Chuditch, NE Chuditch sits right next door to Eni's asset Block P, Boils block of assets could of fed the Greater Sunrise project with Gas. The value of gas and condensate resources in the Sunrise field has been estimated at more than $US50 billion ($70.2 billion). Let that sink in.
We have many majors surrounding us Eni, Santos and Inpex to name a few, the reason we are here is that Chuditch could be worth billions of dollars so for us it doesn't matter if Rob Collins was a Cfo of a company that didn't win an arbitration award. What matters is that we get funding to drill this well. Andy Butler is a man of integrity if anyone can get this deal done he can. If we can prove gas is in Chuditch2 and its commercial then Baron may possibly sell the assets, then move on to buying others in the region.
Worth a listen https://www.youtube.com/watch?v=KJ8cJxJhMIE
6 million is not showing yet
....before the ASK was reloading because the MM's had a lot of placing stock. Not the case now. It's a square book. Buys and sells will set the direction. ASK is thin, we should head higher.