Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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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.
Meadow - it was an observation. I'm aware of the news we're waiting for, thats not to say everyone does or buys on news days. Now that the overhang has gone the book is actually quite light i.e. not heavy on the ASK side. Knowing that maybe useful to someone looking to position, as it will move quickly both ways on buys & sells.
It’s not going lower
We have seen something like your post so many times with no effect on the sp we all know what we are waiting for.
Kever
Richard Branson was involved in many failed companies, Virgin Cola, Virgin Cars, Virgin Publishing, Virgin Clothing and Virgin Brides.
Does that mean every time he is involved in a new company it's destined to fail? This appears to be your thinking.
Enough now. If it's a red flag for you, then don't get involved in Boil.
Theres not a huge amount of stock under 0.07. Won't take a lot to shift it.
Kever you are like an ear worm for goodness sake give it a rest
MD
"Kever, you seem fixated on Victoria Oil and Gas and Boil's new CFO, Boil is a different company to VOG and it has a serious asset"
I know BOIL and VOG are very different companies. I am merely pointing out that Collins was CFO of VOG when it went bust. He set up no contingency plan if VOG lost the RSM arbitration. He was 100% sure VOG would win. He was wrong. He is incompetent. His appointment is a massive red flag for BOIL
JARV
According to companies house Rob Collins is still a VOG Director
Https://find-and-update.company-information.service.gov.uk/company/05139892/officers
Keep your nerves and stay focused
Sorry fat fingers should read corruption. If you actually did some dd here Kever you would see just how silly your posts are.
Kever you really should read barons Corruprion and anti bribary documents as well as the policies they have in place for Corporate Governance.
At present, the Company considers its principal risks - business, financial and operational – to be
the following:
• Management of liquid resources and cash flow
• Exchange rate fluctuations
• Cost overruns and delays
• Exploration and drilling uncertainties
• Oil & gas market conditions
• Government, regulatory and community actions
• Management of fiscal regimes and free movement of cash
The Company adheres to its financial position and prospects procedures memorandum (FPPPM),
which sets out a framework of internal financial controls, the effectiveness of which is reviewed
by the executive management, the Audit Committee, and the Board in light of an ongoing
assessment of significant risks facing the Company.
The Board is responsible for reviewing and approving overall Company strategy, approving
revenue, capital budgets and plans, and for determining the financial structure of the Company.
All material contracts and expenditures are approved by the Board. Monthly results and variances
from plans and forecasts are reported to the Board, together with forecasts for the current financial
year and the following year.
The Audit Committee assists the Board in discharging its duties regarding financial statements,
accounting policies and the maintenance of proper internal business, operational and financial
controls.
In addition, Directors are covered by the relevant Directors’ and Officers’ liability insurance and all
drilling operations are appropriately insured.