Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Guys/Gals we are sitting on a MCAP of 9.13M
we have just raised £3mil in a placing less than 6 weeks ago
We've then gone through >2weeks of high volume to confidently say those who wanted a quick buck with the placing shares should be minimal at this stage and those placing shares sitting in the hands of medium to long term holders
We have increased BOILs shareholding in SundaGas from 33.33% to 85% and increasing our indirect interest in Chuditch, from 25% to 63.75% for a reason and chose to do this now rather than sit on it longer and let someone else buy in
We have now funded the next stage of the project especially the critical 3D seismic reprocessing and other works required - no need for further placing as of now
Plus directors took place in this funderaiser - they have a good idea of potential of this investment.
To me we are litterally now sitting on a fully funded company with operations costs covered until November 2022.
We have directors who put their own money into the company (always a good sign)
We know from historic data we are sitting on a decent amount of gas - how much now is the question but on conservative estmates we look cheap.
Yes we take a risk on what is actually found but i think we are perfectly placed to sit this one out and see what comes up in the next 12-18months.
Once anticipation of results kick in we may move quickly from a mCAP of 9.13mil to anything upto 500mil (looking at 88e recent rise)
If no further placings then thats a potential SP rise from 0.09p to 4.93p over a period of 12-18months
What not to be excited about right now!
So anyone watching and waiting at this point there is very little risk especially with the recent placing.
Buying the dips is the game while we make our way up to the top!
Hope you all have had a good weekend so far :)
The original 3 years , when the license awarded in November does not call for a drill
if however Chuditch deemed viable , it calls for an immediate upgrade and a drill
The entire area 50,000 sq km ALL of onshore and offshore Timor Leste , conducted
last year by same TGS who hold the data from the 3d 2012/13 Kyranis survey , as
keep saying NOT NEW DATA, just being re run psDm vice psTm processing, now't
more than prettier pictures to assess depth uncertainties, the re run will not
reveal Chuditch is not there , its the same data and chuditch on it in 2012 as it
will be on the snail trail re run
Plenty of 2d and the 2020 2d cubed entire region also to evidence Chuditch as
it has on several other previous surveys, forget the seismic, its all about a
NEW field operator and drilling
Timor Gap/ANPM our local partners pushing for progress and already talking to
many sector players, do you really think they will not be looking to get the ONLY
known UNDEVELOPED, already drilled and discovered , high volume DISCOVERY
in the now defined JPDA TL owned area , into production ASAP to keep the
Sovereign wealth fund topped up once Sunrise depleted (2025 ish)
The current knowns are ex majors (BHP/NEXEN) Buffalo oil field to be REDEVELOPED
and (SHELL/CONOCO PHILLIPS left) Sunrise now to go to production, leaving the
ONLY one not in play CHUDITCH (SHELL GIIP 5 TCF+ +oil/condensate upside)
We are a minnow in a Regional Development area, now moving, as per the Australian
senators statement in Parliament just before the invasion , we are back to his 1974
statement
The Timor sea set to reveal assets to rival the MIDDLE EAST
Then the first lot of **** hit the fan
This is all about what OTHERS plan to do with Chuditch , NOT BOIL
a new majority owner operator , will set their own timetable and ours will be
thrown in the bin and doubt they will ignore SHELL £37m spend and development
mapping and discovery drill, or a Norwegian group who then planned PRODUCTION
in 2009 by floating platform recovery at CHUDITCH
before also leaving behind due to further problems, this is not a wildcat play, as
mulder and scully would cry the data is out there
Our plan will have the impact of a fly on an elephants backside to an upper tier
offshore operator GLA
:))
As said if they have an interest they will do their own thing, if it happened to be Woodside
the operator of Sunrise right next door
They can and will get the data themselves and they processed 3.200 sq km of SUNRISE in
a FEW HOURS, how quick can they do our little old immediate area 800 sq km an hour or
two if they wanted, they would not they would do the entire license area again in a few
hours
as posted earlier , OZ Senator 1974 Timor Sea set to be as rich in assets as the Middle East
and this another OZ Senator November 2019 when our license was awarded to SG
Perth, Australia:
An Australian senator says he is concerned that the country may be missing out on opportunities to invest in neighbouring East Timor‘s energy sector, and in the process allowing China to exert growing influence in the geo strategically important Pacific region.
So if this ends up in a battle to take over the company, I'd expect there to be a bidding war...between China and Australia?!!!
Bring it on!
https://www.energyvoice.com/oilandgas/asia/254153/sunset-at-east-timors-greater-sunrise-lng-after-woodside-write-down/
Woodside Petroleum said the carrying value of the Greater Sunrise project off East Timor is expected to be zero following a US$170 million write down announced on 14 July 2020.
try to keep up slow coach, TL Gov have since capitulated and cancelled plans that
have been the hold up for many years to build their own refineries and Woodside
and OZ happy they have finally got what they wanted all production to go to
Woodside own refinery in Darwin
$64B project like the area back on the move , try another rub of the two together
My apologies not $64b ITS ACTUALLY $65-$75 Billion - 25th March INTRO
Offshore Greater Sunrise: A $75 billion oil and gas giant?
Timor Leste is the majority shareholder in the Greater Sunrise fields, containing more than 5.13 trillion cubic feet of gas, worth at least 50 billion dollars. The blocks contain 225.9 million barrels of condensate reserves, worth over $15 billion
THATS this year 25th March 2021 maybe you ought to learn to read quicker and catch up with the
past years events
bridge NOUN
a structure carrying a road, path, railway, etc. across a river, road, or other obstacle.
and we all know what live under bridges
dog
NOUN
a mammal that typically has a long snout, an acute sense of smell, non-retractable claws, and a barking, howling, or whining voice.
synonyms:
hound · mongrel · cur · tyke · ***** · whelp · doggy · pooch · mutt · doggo · Rover · Fido · mong · bitzer
derogatory
an unpleasant, contemptible wicked man
Guessing the Oxford English Dictionary was not the source of your name then
You keep setting them up Bridgedog, and HFB will keep whacking them.
Bridgedog lace your hiking boots up, there's a steep climb ahead... If you can't stomach heights then stay in your kennel
Guys, while you are waiting for 'the Australians' and'the Chinese' to start a multi billion dollar bidding war for Boil, the management are trying to decide whether or not it is even viable to drill an appraisal well.
FROM THE RNS
"We are delighted that the Earn In arrangements have now been completed with the issue of new shares in SundaGas TLS to Baron and that the Company has secured a materially increased interest in the Chuditch PSC project. Everything is in place to allow SundaGas Banda to undertake the PSC technical work programme activities, especially the critical 3D seismic reprocessing. These works will enable an up-to-date assessment of the true potential of the Chuditch discovery and of the viability of drilling an appraisal well and further exploration wells in a timely manner."
That same article also includes two interesting nuggets- TL gov devalued the assets in the eyes of the majors by insisting on all gas be dealt with in TL and then on the other hand TL paid full value to acquire the assets - hmmm I guess TL know a good thing when they see it. Also, Woodside state they are not ruling out investing in the upstream. All sounding juicy to me.
just blah blah in the rna message, shell drilled and discovered, a norwegian firm made
plans to go into production in 2009, wake up and smell the roses, your head is stuck
in the compost patch
The play is the regional development and another OPERATOR , what boil a stringing
along is just bland standard blurb, that will be ripped up and thrown in the bin by
the new OPERATOR, that will set the timescales NOT BOIL or SG
Evening all, great info as usual HFB.
BD - Shell already drilled there and proved potential in 1998.
HFB - Where is the source that Timor Leste have cancelled plans for there own refineries and will instead be going to Woodside, Darwin? You've probably posted an article before but I can't find any info about this online, perhaps I'm useless at doing research haha! :'(
Eddy that is all ancient history, the $16.5 billion plans for refineries all scrapped
Woodside the operator now get to do what they wanted 20 years ago , send all
to their own facilities in Darwin, nothing that has gone on in the past 47 years
counts for anything
2020 onward , area and resources now moving on, as will THE biggest identified and
drilled DISCOVERY by Shell the only immediate license along with Buffalo re-dev
that is not a complete wildcat new license, 18 of them up for grabs, why fish in the
dark when you have a tank full of them
Woodside remained and are the operator of Greater Sunrise, they have wanted to take it
to Darwin since it was being built in the early 2000's , Its been in many of the news articles
I have posted but here's one to save you looking
16th October 2020
We at Fitch Solutions believe that the replacement of senior officials in Timor-Leste’s petroleum industry heralds a sea change in the government’s approach to developing the Greater Sunrise gas fields, and an end to longstanding ambitions to build onshore LNG processing and oil refining facilities at Tasi Mane. (South East Coast)
https://www.fitchsolutions.com/country-risk-sovereigns/timor-lestes-government-forsakes-tasi-mane-ambitions-16-10-2020
When East Timor got independence for the 2nd time in 2002, Woodside wanted to take to its
own being built section of the huge Darwin complex, its preferred option to link to the
Bayu Undan pipeline 500 odd km that already goes to Darwin, Bayu now depleted and both
Woodside Sunrise and Santos Barossa want to resurrect those plans to back fill the pipeline
HFB- I agree with all your analysis. I’m invested heavily in boil and just waiting on copl profits to then add more here. Hurry up copl :-)
always fact's over ****wit m8
The new coalition gov of TL recently agreed to scrap the plans to build their own O&G infrastructure, after the Chinese bank refused to lend them money to build one saying it would be uneconomic. They are now ok to send the gas to OZ, thus speeding up the monatisation of their natural assets.
Page 7 , as also suspected by Shell, Chuditch might be leaking and feeding Sunrise
Shell also suspected the Chudich , Chud North, SW, etc might also all be ONE huge
gas reservoir, that is one of the things the re run OLD 3D in psDm should clear up
see page 2 blow up of area around ch-1 discovery well and those to the left
What price if it is , link them together and their GIIP for those leads would be more
like 10 TCF (1.7 Billion boe) with still the possible additional Oil/Condensate on the
South West side of the license
https://www.laohamutuk.org/Oil/Project/SO-19-16/SundaGas9Jul2020.pdf
Chuditch developed during the 90's £37 Million (what that 30 years later) spent by Shell in development
and mapping and finally drilling DISCOVERY well in 1998
politics politic and more politics, moved on Minza had a look , then FLNG came in to have a look
with plans for PRODUCTION 2009
KYRANIS 3D survey in psTm oh shocker Chuditch present poor depth perception quality
psDm re run should give prettier pictures and OH another shocker will just like 2012
show Chuditch, its the SAME DATA, will just stand out better in a cleaner picture
2009
MELBOURNE, June 30 -- Flex LNG of Norway has entered an option agreement to acquire control of Jersey-based Minza Oil & Gas, which holds a 100% interest in permit JPDA 06-101A in the Joint Petroleum Development Area between East Timor and Australia. The permit contains the one-well CHUDITCH gas discovery made by Shell in 1998. Flex is a floating LNG specialist working toward commercializing gas discoveries
https://www.ogj.com/pipelines-transportation/lng/article/17276885/floating-lng-system-eyed-for-timor-sea-find
more politics ,license again stalled and area designated and returned to Timor Leste
ownership and the license number changed to TL-SO-19-16 from JPDA 06-101A
and eventually in November 2019 awarded to SundaGas, who since 2016 have been
assisting the locals to progress their own regional licenses, first applied for Chuditch
in 2016 also, suspect rewarded in 2019 for their efforts
Developed in the 90's , Sunrise was discovered in the 70's, Chuditch 1998 drilled
2009 to be in production by FLNG - Goalpost moved again
All the stumbling blocks now removed and Australia delighted, got what they wanted
since 2002 and the 2nd declaration of Independence, all Gas to Darwin, TL held out
looking to build $16.5b new complex at Tasi Mane on the East Coat, now cancelled
even the Chinese decided not to fund it as not economically viable
currently it would have had Sunrise under TL regional authority, THEN nothing
until new fields within the TL maritime boundary became available if any beyond
the only other known Chuditch
All else in the region and the rest of the Timor Sea under Australian or Indonesian control