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So, if no need to wait to be connected to OZ via sea floor to start commercialisation, then we could not only drill this year but also chart a very quick path to monetisation, with low environmental impacts.
Sounds good to me,
A set up like this and we are off....
https://www.oilandgasiq.com/fpso-flng/articles/guide-to-flng#:~:text=How%20does%20FLNG%20work%3F,being%20stored%20in%20the%20hull.
Shou', HFB
Thanks for your insight, which is another tick in my box as I try to understand risk.
HfB , sharing your in depth research is very much appreciated.
At current market prices, the LNG would be worth almost $50 billion. Like most gas fields in the wider region, including Papua New Guinea’s and Australia’s huge liquefied natural gas (LNG) exports facilities, Greater Sunrise also contains significant amounts of condensate, an ultra-light form of crude oil. Its 225.9 million barrels of condensate reserves at current market prices would be worth over $15 billion. Woodside and its partners have long said they would prefer to develop the fields using a floating liquefied natural gas (FLNG) platform, considered the most cost-effective option
https://www.bing.com/newtabredir?url=https%3A%2F%2Fwww.reuters.com%2Farticle%2Fus-timor-australia-lng-idUSKCN1GJ0L8
Darwin itself is a massive complex of multiple refineries, Woodside has it's own refinery
there, as did Santos until recently sold their bit on, many many different players in
Darwin, still growing and only a week ago the OZ Gov threw another $250m into Darwin
part of plans to make Darwin also the biggest clean Green Hydrogen HUB in the region
The main thing is for new licenses or existing like Sunrise and Chuditch to officially
announce the 20 years in waiting Tasi Mane for all Timor Leste area processing is now
as per comments late last Summer , no long a viable option, is now TS is scrapped
Do not think it features here 007, OZ is spending big on developing it income from natural resources.
If it were an issue, the gas platform piloted by SL100, could then directly load gas tankers for shipping anywhere around the world.
GLA
Sure seems a while away while we are in the dark waiting for news but its completely achievable IMO mid term.
BOIL undervalued as it is, this price is ridiculous! :) Just need some good news as a catalyst.
Allenby capital (baron nominated advisor) report from 25th March
'We see two key potentially influential share price catalysts over the next year or so. These
are positive news concerning progress, firstly, on the TGS seismic reprocessing and
evaluation study and secondly, on securing a farm-in partner for Chuditch. We think
ground-breaking news on these fronts is unlikely before the third quarter or indeed the
fourth quarter of 2021. Although of less relevance than Chuditch, a decision to go ahead
with the drilling of El Barco 3X well in Peru could also be a catalyst for the share price.'
Q4 is 6 months away. Great mid-term investment at these prices. Top up if you can. Remember you're only losing value, not actual money during short term SP falls.
Also in the report is the risk analysis for Barons Timor Leste investment. They expect good news on the seismic data as has already been mentioned by HFB, its already there and proven. They also expect that, all going to plan a JV partner should be announced before or early 2022, to allow planning for drilling :)
Im in for thong term and HFB's.
Just wondering with all the gas in this area (actual & potential) if the OZ gas processing plant in Darwin has the capacity? And if not is this holding up Boils plans?
Any thoughts on this ?
Love the 2p talk but it seems a million miles away right now
SL100, can you pilot a floating gas platform..?
2p my gawd.....
Cannot hide my excitement for the day positive news drops. That warm feeling when you consistently see over 30% in a day on a fast but steady rise!
Dreaming of 2p+.. :)
I hope it’s only half a parabola
Don't worry, when the sp goes parabolic, we'll buy out the pc brigade, and restore order. Haha.
ah political correctness, invented by ill educated fools, to ruins the fine
art of taking the **** and kill 90% of all comedy lol
Haha. Young pea is a term of deference in my culture. We got rid of 'old bean' when the politically correct wing of our tribe gained power.
I can see an extra zero on that with the right news lol
we are holding the cards for a potentially mega $ billions asset previously developed
and discovery drilled by Super Major Shell
Now check how low our market capital is, Chuditch reservoir like next door Sunrise been
stranded waiting decades for a home to go to, looks like Australia have got their 20 year
plus wish to take all the production to OZ
Sunrise 5 TCF gas and some condensate valued at $64 Billion
Shell GIIP
Chuditch 5 TCF gas with more plus oil/condensate to the South West of CH-1 area
NOW spot the difference - that's right there isn't one, so if Sunrise going to production
is valued at $64 Billion , fag packet for Chuditch is ?
Not forgetting before it was moved under East Timor ownership, after Shell departed
a Norwegian group was planning PRODUCTION from Chuditch using floating platforms
Sunrise gets the nod finally after 47 years of waiting, just watch , wont be a knock at the door
it will be the Italian Job, blowing the bloody doors off
For twenty years since the latest independence , the finally the maritime boundary agreement
Woodside and Australia who laid claim to Sunrise as mapped reservoir is more their side of the
boundary than TL side but agreed on a 50/50 split as part of the agreement, have always wanted
Sunrise production to go to its was being built for purpose own refinery in Darwin
The TL Gov , wanted onshore TL at new facilities to be built on the South Coast and a new pipeline
laid to connect to Sunrise, to date , neither facilities or pipeline have commenced
Doubt they will get many bids for the predominately gas charged 18 new licenses in the bid round
if the bidders are not assured , they will be able to take their production to processing at Darwin
or elsewhere and not have to wait until well into the 2030's for facilities that have not even started
and now it seem will never be built on the island GLA
:))
Frustrating but I can see this doing 200% to 300% one day when the news hits
Still ten times a good day pre announcement volume today
208m Shares
lse 170m and Aqse 38m
haha
calling me young is more like taking the P
lol :))
Hoping, a good day to you, young pea.
Where do you see this heading over the course of the next year? I'm having a look, and going to very generously move some of my KOD millions, haha, over here pretty soon. No
Patience, that blending of moral courage with physical timidity
Thomas Hardy
Warren Buffett on being asked the 3 main ingredients to successful investing replied
Patience , Patience and oh yes Patience
:))
Most shares are down today so it is buying opportunity
That would coincide nicely with COPL relisting, it would be a great month indeed.
I personally do not believe all of the churn was bought by pi's.
Lets have more patience for the TR1 RNS.
PS, 0.008p looks like a strong support level, so hopefully the SP does not run below todays value.
GLA
Top man HFB...Excellent as ever. I do sink a bit when I see the SP dip red daily...but...Boil is a long term investment so I guess the idea is to be patient and trust the process.
Thanks for your excellent work HFB, I guess without news, we will move when the MM’s want it to.
Could be a nice May/June