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What do we think the SP/ market cap could be on news?
Sky the limit on this one, now all depends on WHO turns up to be the actual field operator
and the deal we get, free ride drill program, cash and of course how much % we retain
Be surprised if Shell themselves return after the long saga of impasse , no production
as no refinery etc etc but would certainly go through the roof if they did lol
Also in the report referring to this
'As we have noted on previous occasions, the most obvious candidate is Santos Ltd, Australia’s second
largest oil and gas producer and arguably the most influential operator in the Bonaparte
Basin. The suitability of Santos as a partner reflects the proximity of its 26-inch pipeline
from the Baya-Undan field to the Santos operated LNG plant at Wickham Point near
Darwin. In principle, we believe a prospective Chuditch field development could easily and
cost effectively be linked to Santos’s 26-inch pipeline. As far as we are aware, there are no
major physical obstacles to overcome. Significantly, the Wickham Point facility needs new
feedstock supplies to replace declining output from mature gas fields of which BayaUndan is the key example.
Excluding Santos and Woodside Energy, the two leading Australian oil and gas producers,
we think the most likely farm-in partners for a prospective Chuditch development project
are East Asian oil energy companies and possibly utilities. In the former category could be
Korea based SK Energy, the Japanese operators INPEX and Mitsubishi Energy and the
Chinese major CNOOC (assuming no Australian involvement in the project). Interestingly,
SK Energy is a 37.5% joint-venture partner in Santos’s 62.5% owned and operated Barossa
gas field project in the Bonaparte Basin. SK also has a binding agreement with Santos to
acquire a 25.0% interest in the Baya-Undan field and Wickham Point LNG facility.'
Seems whoever it is, its a win win for us! :)
To answer your question though, if a JV with Shell were to go ahead.
50 - 100 bagger IMO!!! :)))
I'll bet it's between Aussies and the Chinese. It's likely CNOOC, i'd bet due to the relations between them and TL executive.
HFB Is currently busy reading the EUA board ( not a cross ramp to late for that) ;) :)
nope have not read that one in quite , a while was in for 6-7 years before it exploded
freebie plus some at 0.52 when it did and left some for others slicing out at 2p
4p. 8p and 12p, small token freebie riding left , just in case lol
once you hit such a high market cap, not much chance of another mega bagging
but sometimes lightning strikes twice on the way up without falling a long way
back in between lol
Think lowest buy in EUA was something stupid like 0.17p on a dip one day lol
Not sure about CNOOC as they wouldn't want to involve pumping to Darwin. Unless major investment from China and a quick turn around was possible. But sure they have already had a loan from PRC rejected.
TL needs the cash now before its to late. Australian infrastructure is in place and waiting.
Whatever happens, once something is confirmed, win win for us :) (the most positive being a deal involving Australia however!)
200 baggers
PG, tend to agree with you, but SK and JP, also have strong interest to secure future supply.
Anyhow, nice problem to contemplate.
Favourites in the area after last week probably are
NYSE listed ENI , just penned a new MOU with SANTOS for multiple things in the area
including possible new assets , covers both TL and OZ portions of the Timor Gap
seaway, they also main players at the nearing depleted Bayu Undan Gas field to the
South West of us and its pipeline all the way to Darwin
Chuditch the filling in a sandwich between old depleted Bayu and WOODSIDE operated
Greater Sunrise FID pending (2019 expected FID by end of 2021) valued at $64 Billion
Woodside also own facilities at the Darwin refineries complex
Then there is the matter of the 42 International oil and gas companies that attended the
oil and gas conference on the 25th March where Chuditch and High resolution seismic
where the big presentations alongside the promotion of the new 18 license bid round
that closes this October (another 223 regional companies also attended )
Do not think there will be any shortage of bidders once the East Timor Government confirm
late last Summers rhetoric that Tasi Mane no longer economically viable and they need
urgent replacements to revenues that stop in 2022, both remaining Oil Fields and Bayu
Gas depleted
20 years on from independence and still not broken ground on the plan (see earlier post
link TASI MANE onshore TL refineries etc)
So production must now go to other regional facilities , principally Australia and Darwin
refinery/LNG complex
Confirmation of being able to take production to a facility and not the 20 year figment of
their imaginations to be built on Island processing facilities, will herald the bidding rush
for the new licenses and currently stranded discoveries Sunrise (1974) Chuditch (1998)
Natural gas is used to generate electricity in all States in Australia, and it produces most of the electricity to meet peak demand. Natural gas provides almost as much energy as electricity to Australian homes. In 2016-17, natural gas and liquefied petroleum gas provided households with 181 petajoules of energy.
Our baby isn't going unnoticed, the longer the overlookers play then the better the outcome
No if CNOOC got involved and took over, with no refinery on the Island as a stumbling block
anymore, they could take production wherever they wanted to be processed
Several Indonesian refineries nearby if they chose to
:))
Rodge
I prefer follow the FACTS
Chuditch previously mapped and developed by Super Major Shell (as was $64 billion Sunrise next door)
Chuditch CH-1 DISCOVERY well drilled in 1998, indicated TCF of Gas
Shell for the immediate well area lead Chuditch/Wombat /Bilby the latter became Chuditch North
and Chuditch South West GIIP 5 TCF
Shell to the South West side of the license further leads 2 of which they thought where either
more gas over Condensate or Oil reservoirs
Sunrise next door same 5 TCF Gas and Condensate , same as Shell Chuditch
Sunrise currently valued at $64 Billion , Chuditch not so much lol
In between Shell and SundaGas ownership, north american holdings company
taken out by a Norwegian group planning Chuditch PRODUCTION using floating
platform (2009)
Plenty of Seismic already available for anyone interested, without waiting for our 800 sq km
snail pace re run of the same 2012/13 KYRANIS 3D survey in psDm vice the original psTm
Chuditch on the original , it will just be on the new one with prettier pictures
Woodside in December using AMAZON facilities to increase processing power completed
3d seismic for 3,200 sq km of the Greater Sunrise Field in A FEW HOURS not months
Big boy comes a knocking the current timetable, torn up burnt in the bin, the new FFD
drilling operator will dictate the pace and it won't be snail pace lol
:))
24th March Boil sudden raise to increase stake in SundaGas/Chuditch 85%/63.75%
25th March Oil and Gas conference Agenda
Timor-Leste Summit
Timor-Leste’s 2nd Licensing Round: Acreage opportunities and terms
ANPM’s instrumental role and jurisdiction in the country and region
Timor-Leste’s geology and available seismic data (by CGG)
Why to invest in Timor-Leste - Investor's perspective
Service provider opportunities in Timor-Leste
The Timor-Leste / Australia Maritime Boundary Treaty – the new framework
What are the best companies to partner with in Timor-Leste?
Exploration updates in Timor-Leste
The Chudith Gas Discovery and the PSC TL-SO-19016 license, SundaGas’ success and update
Bayu-Undan field updates and new opportunities
https://www.in-vr.co/timor-leste-online