Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Started: Corporatejoke, Today 08:18
Last post: Meadow1948, Today 09:36
Good to have you back-HFB-Passion-VT
Https://www.laohamutuk.org/Oil/PSCs/10PSCs.htm
Local ngo ahead of the game, no change in the text within but take a look 9 down under contents, already has Chuditch license as Sunda Energy and Timor Gap.
The Company will hold its AGM on 21 June 2024 at 11 a.m. BST
By lunchtime we will be officially called Sunda Energy, next week we will be Trading as SNDA, some brokers may have teething problems with current holdings being updated, so if Monday is SNDA day, do not expect all to be back in the game until late Monday or beyond.
28th May , BOD gave an update, so could go smoother than expected, preparations well advanced but brokers are brokers and will do it all in their own sweet time.
At the Company's 2024 AGM, a resolution will be put to shareholders to approve the Company's proposed change of name to Sunda Energy plc. In connection with the proposed name change, the Company's TIDM is expected to change to 'SNDA'. The ISIN (GB00B01QGH57) and SEDOL (B01QGH5) of the Company's ordinary shares will remain unchanged. Shareholder documents of title will be unaffected by the proposed change of name and existing share certificates should be retained and remain valid. Any new share certificates issued after the proposed name change becomes effective will bear the proposed new name, Sunda Energy plc.
Our only asset is owned by SUNDA gas, named after the regional geological group of Islands, SUNDA Energy makes perfect sense, could also be a heads up on Andy's big ambitions, maybe (not oil) other future regional green Energy projects in mind.
Name change is as we no longer have or are interested in Oil (Baron oil) and are now a focused Asian GAS company, our holding company Sundagas which hold the Chuditch asses is gas, with Andy having plans to grow into a regional mid tier player in GAS assetS.
Andy has said many times he is looking for NON EQUITY finance for the drill.
Free ride and cash from a Major for X percent of Chuditch
Bank , non bucket shop Finance sector debt based loan
Production offtake companies
Any or a combination of the above , read the rns's and listen to his words.
NON EQUITY ------------- GAS COMPANY.
Started: ifiknewidberich9, 20 Jun 2024 19:43
Last post: Robocop_iLikeIT, Today 08:33
Filthy, every time I read your posts I smile. Happy Friday everyone 👍🏻
Extract from longboat RNS pivot to SE Asia demonstrates why it’s such a good region for us to focus on:
‘In contrast, Longboat's entry into Malaysia last year coincided with a proliferation of opportunities across Southeast Asia and a positive and supportive attitude of the host governments towards small-and-medium sized companies which are now viewed as crucial to maximizing value from their maturing basins. Further, this positive industry sentiment is set against a macro backdrop of growing economies with increasing energy demands, benign operating environments, a structurally lower cost base and an opportunity to help reduce carbon emissions through the development of indigenous gas resources to displace coal fired power generation.’
That was a great watch. Question session very interesting. AB impressive again in telling the story. The potential is off the scale. Funding discussions almost complete. Confidence brimming. The risk factor gets lower with every presentation.
So would I be right in saying on the production share 60/40% split, it's a case of if they JV with someone, it's how much of that 60% they would be willing to trade. Big bonus is the immediate recovery costs to a JV partner i would thought.
Should be plenty of more dips to buy due to the timelines.
Cheers.
Very good presentation and interesting that we can get our costs back pretty quickly.
Started: ifiknewidberich9, Today 07:52
Last post: Odins, Today 08:12
From reading the RNS, it looks like the name change with be announced at the AGM, but the actual name change will happen at a later date.
Admittedly, that could be Monday, but the wording makes it sound like it is some way off.
Sunda , Sunda
Sunda Gas floooooooooooow
AGM today and Sunda Energy at the end of it.
Https://timor-leste.gov.tl/?p=37904&n=1&lang=pt
In his intervention, the Governor highlighted the strategic importance of infrastructure for the sustainable development of Timor-Leste, stating that the country is “at a crucial moment in its development journey”.
Https://x.com/Jarvy55/status/1804044218442117511 Anyone atttending? Would appreciate some feedback please.
Started: Corporatejoke, 20 Jun 2024 19:20
Last post: Corporatejoke, 20 Jun 2024 19:20
Great interview - so basically were sat on £\$ 50 Billion gas - mmmmmm now that’s a nice position to be in xxxxxxxxx
Started: Troajan, 20 Jun 2024 15:25
Last post: ifiknewidberich9, 20 Jun 2024 16:07
AGM
Friday, its a new day , its a newco and SUNDA's feeling fine
B Oil r.i.p
Started: ifiknewidberich9, 20 Jun 2024 10:36
Last post: Chrismills, 20 Jun 2024 15:20
Yeah I’m sure the new board just bought a ton of shares in preparation for a placing. Makes total sense.
You’ve clearly done absolutely zero research on this share.
Why would he need a placing soon , he does not, as at February had around £6 million on the books, Andy has also stated many times, he is looking for and engaged with potential partners (various) for NON EQUITY funding for the drill.
As for a sale , unless its a big price, imo Andy not interested, he plans to build a new mid tier Asian Gas company, the only reason he might place, would be if he and his wide range of regional contacts , have another gem like Chuditch hidden in the background and he is forced into an acquisition move earlier than he would like.
It’s days like these, you begin to think a total takeover might just be the best option.
AB will have ample opportunity tomorrow to reemphasise, no placing. I hope he takes it and closes down these agitators.
Andy Butler has already stated there will be no placing... so deramping b@ll@cks
Started: TheHoopedBaron, 20 Jun 2024 13:03
Last post: TheHoopedBaron, 20 Jun 2024 13:03
There is some real bo###cks getting written on the board.. full of the 2 day 10% ers.
I wish they would F@@@ Off as they are killing this board for meaningful discussion / info.
GLA LTH's
Started: ifiknewidberich9, 20 Jun 2024 08:45
Last post: Eddie563_1, 20 Jun 2024 08:59
Won't become active until trading monday though, finish the day as BOIL
Proposed Change of Name AGM Friday 21st June 2024
At the Company's 2024 AGM, a resolution will be put to shareholders to approve the Company's proposed change of name to Sunda Energy plc. In connection with the proposed name change, the Company's TIDM is expected to change to 'SNDA'. The ISIN (GB00B01QGH57) and SEDOL (B01QGH5) of the Company's ordinary shares will remain unchanged. Shareholder documents of title will be unaffected by the proposed change of name and existing share certificates should be retained and remain valid. Any new share certificates issued after the proposed name change becomes effective will bear the proposed new name, Sunda Energy plc.
All in the rns's
Started: stevieboy11, 19 Jun 2024 12:22
Last post: Rak0328, 20 Jun 2024 08:41
I have been here nearly 2 years and don't mind holding on for another year. Unfortunately I bought in October 22 where there was a big spike @ 0.00286 so I have a long way to break even. I have no option but be patient lol
Our time will come and hope that will be soon !
I agree.
Patience is required, a phase of rebranding is upon us, new chief, name change. The price will gain traction but it may take a short while yet.
GLA
We are plagued by short term profit takers who rail at the slightest delay or uncertainty. Expecting a monumental rise in every news release. It’s always going to be that way. In the end they’re the losers if AB can deliver what’s on the table. Face to face Q&A can reveal more than expected. Looking forward to AB giving out some positive vibes.
I wouldn’t worry about the daily movement just keep eye on the prize any intelligent investor will see the potential here.
I read RNS and thought nothing really new expected side wats move or maybe a drop
Either because of the usual sell on news
Or MMs just taking advantage of no real solid dates or info
I was surprised to end up negative today however especially as we obtained another solid positive with the increase to £2m from the government bank
I mean how much more confidence is needed mr MM
Government fully behind this
So lucky AB driving he knows the scenario and the big boys inside out I am very confident and so should imo all genuine investors just patience required Iv basically bought as much as I can and over exposed here but it’s inevitable that a big rerate is due along with extra booster when we get to production
6-12 month I believe we will be in the pennies
Holding around 37m wish could add more but I am as heavy as I can afford to be in this atm
GLA
By Friday lunchtime, AGM approval and newco SNDA, Sunda can give it some Thunder next week.
Started: 22Starship22, 19 Jun 2024 19:29
Last post: PottyTime, 19 Jun 2024 21:13
Yes rich9 as you say s.e asia is where the action is nowadays hence to my mind plenty demand for Chuditch et al. I for one am looking for oppo's in that arena- pah- Europe is out for me i'm afraid, at least in the current climate.
V. exciting times here. This time next year Rodders. imho GL
Nothing to understand , your fine Jelly, some can't let baron OIL history go, as of Friday Baron and the oil gone, welcome ASIA Gas company Sunda Energy, new superior BOD/CEO, new regional and assets focus, Asia and Gas.
Friday leaves Baron , legacy North Sea Oil and Britain behind in a very distant rear view mirror. Only its association with the London Market will remain.
ASIA , ASIA , South East ASIA , Sunda to give it some Thunder, from next week. Andy has big plans beyond Chuditch.
Sorry, I may be a bit thick, but I do not understand the relevance of Sunda Energy and British politics. I believe we have given up any rights or involvement in British waters.
If there is a direct correlation that effects Sunday energy , British politics and Timor Leste I stand corrected. If there isn't then there is no need to use this board to discuss British Politics.
The rich do not think so, they are leaving in droves, know a numpty Labour/Reform lack of financial acumen, will result in more numpty policies to be funded from fresh air, oh no that would be higher taxes, probably all round, as due to covid etc the Tories have already raised maxed out the borrowing ceiling , the Labour leadership traditionally look to cripple. Running away with their swag bags intact.
https://fortune.com/europe/2024/06/18/record-9500-millionaires-expected-leave-uk-bid-protect-wealth-political-upheaval/
Sunda energy get my vote 👍
Started: Sharealot, 19 Jun 2024 20:24
Last post: Sharealot, 19 Jun 2024 20:24
@ 22Starship22. When will the British public wake up and see they are voting only for the one who will screw us the least. Politics is setup as a safeguard to stop the rich from losing power.
Just topped up again, price here is to cheap to ignore. Good luck guys
"Funding initiatives progressing"
"These parties include potential strategic investors into the Chuditch project and enterprises with an interest in developing and / or taking the gas resources to market."
" parallel initiatives around funding for drilling and subsequent activities are advancing at pace."
Ergo
Not just funding for the drill as I read it - thats now a complete given imo - but negotiating the percentage of the lease they are prepared to farm out now - to then be carried for the development of the field to production.
If they retain just 20%, its still worth $Billions on full eventual sale.
However, multiple options now it appears TL are finally moving forward - Baron could sell say 15% following delineation and build out - retain 5% for production revenue going forward - multiple options to discuss takes time - no single preferred bidder implied yet means Baron are holding out for the best deal.
The deal secured could well be with the winner of a protracted bidding war ongoing in the background - If so - the longer it takes - the better deal gained for Baron.
Only Andy and the board know , the who's after getting in on the action and at what cost, he has firmly set out his intent, to grow Sunda Energy into a leading Asian Gas company, that takes money and foundations.
Which deal or deal/s, will give him what he needs moving forwards, what percentage Chuditch production revenues, maybe a nice royalty over production, with a cash influx now, selling down a higher portion to a new major operator.
WTIA, only he has all the facts and background future asset expansion plans to hand.
See it as a nice problem to have, a straight deal with say Inpex or ENI, or could go large Bank/Financial house, non equity debt based finance to retain a higher portion of Chuditch, or even a multiple deal, with say, lets stick with Inpex moving in as operator and Japanese offtake companies like state JERA, grabbing a slice of future production.
Andy Butler’s energy and thrust since getting full control has been a real boost to LTH’s.When the agm is over and done,it’s a must that we get real news.We have had the “Talks with founders progressing well” for a long period now and if the well drill is to proceed as is mooted something needs to be signed on the dotted.If this doesn’t happen much sooner that later we’ll be back in the market play section.Also Andy’s honeymoon period will soon turn round.
I,like most holders hope this doesn’t happen,that is why it mst be soon
MD
Can not see Timor stalling, they had a 25% free ride , recently farmed up to 40% and paying their way, seems like they are pressing for things to move on asap. If as Andy says, many and varied options on the table, only right he takes his time assessing the benefits of each proposal.
Started: miker444, 19 Jun 2024 14:06
Last post: miker444, 19 Jun 2024 14:06
The new ticker name For Sunda Energy will be SNDA and yes your broker will automatically update your account putting your share holding under the new name.
atb.
Started: Kylie1, 19 Jun 2024 11:51
Last post: ifiknewidberich9, 19 Jun 2024 12:10
Proactive also spreading the word
https://www.proactiveinvestors.co.uk/companies/news/1050133/baron-oil-on-track-for-appraisal-well-at-chuditch-1050133.html
Https://www.tipranks.com/news/company-announcements/baron-oil-advances-timor-leste-gas-project
This one flagged as US press.
Nice to see it in the mainstream press and official channels to back up yesterdays link though.
Same one, think it was Filthylucre posted yesterday on that meeting. But still lots of rising sun movement towards Timor, Inpex tip of the iceberg, other Japanese sources and UN , posted yesterday, all good stuff , Japan looking to engage the youthful Timor population and help develop the countries progress across the board.
Can only be good for us, Japans Inpex one of the leading production operators in the region, Japan the 2nd highest for gas consumption behind China.
LOL.
Started: Spawart, 19 Jun 2024 11:33
Last post: Spawart, 19 Jun 2024 11:33
Let's all stay calm and awaits the name change 👍.
Started: ziquarat, 19 Jun 2024 10:39
Last post: AimingHigh2021, 19 Jun 2024 11:06
I like the use of the word additional in the RNS statement. sounds like he has options but is exploring further or perhaps looking into a combination of funding options. can only be positive in my book.
"The Company continues its discussions with additional potential funding partners regarding participation in the drilling of the appraisal well in Contract Year Three. These parties include potential strategic investors into the Chuditch project and enterprises with an interest in developing and / or taking the gas resources to market. Whilst there is no certainty of any of the discussions reaching a completed transaction, the progress is encouraging, and the Board is confident of the financing being in place in time to enable drilling of the Chuditch well as planned in early 2025."
What gives with the SP, all i see is good news?
Started: SuePud1, 19 Jun 2024 10:53
Last post: ifiknewidberich9, 19 Jun 2024 11:04
Seems like it has always been a one or two well appraisal, to PRODUCTION plan, even under the old BOD.
Shell drilled ch1 well and gave all following wells 100% cos.
Is that breaking NEWS!
@BaronOilplc is conducting preliminary work, including site surveying, rig contracting, and permitting for the Chuditch gas discovery in Timor Leste #BOIL The objective of the "appraisal drilling" is to validate the resources identified in a gas field discovered by Shell with the Chuditch-1 well, based on interpretation of reprocessed 3D ‘Kyranis’ seismic data https://x.com/ABMckinley/status/1803362460369371571
Started: Bargain_Seeker, 19 Jun 2024 08:34
Last post: AimingHigh2021, 19 Jun 2024 10:51
Caught a bit under water here now never mind just have to sit and wait don't see any difference here from last week
It's dropping due to corruption and manipulation by the LSE Boiler room scan artists.
This will rise and rise and eventually these clowns will have to play ball.
Not sure why this is dropping as a very positive rns
Great to for the RNS to confirm something huge is about to happen.
Started: nidgeyr, 19 Jun 2024 10:28
Last post: nidgeyr, 19 Jun 2024 10:28
Buy the dips!
Indeed, not sure why the sellers around .085 didn't take advantage in the 0.1s. Certainly we await the drill, but some (potential in RNS speak) momentum left in 2024. We watch and wait.
Anyone invested here for more than a couple of months knows the score. An approaching RNS sees a spike and then the news is sold. This was and still is a long term hold. We may see real price action in 2025 but for now it is bottom drawer. All the .15 by end of day nonsense is frankly laughable. With no jeopardy, people can and do say whatever comes into their heads.
Started: Chrismills, 19 Jun 2024 09:55
Last post: Chrismills, 19 Jun 2024 09:55
“Additional funding partners.”
Interesting 🤔