Member Info for adamrlowe

Apologies Jstar - you are 100% correct. Poor skim read from me - i.e. requiring additional funding within 12 months.

Will be tight on time / money for the JV and cash. However, they have said wheels are in motion so we will see...

What do you all think? Another small raise? Problem being that we would ideally want a catalyst to bump the SP higher or we are doing that lower than £0.001....

Agreed. Need something to come online and provide income. Accounts state latest raise will.vober us for 12 months running (but no money for anything else). Need Thar to generate revenue or a partner to come in and take a % for decent chunk upfront!

I think 0.08 / 0.079 is a support line.

As per the recent updates from Filthy, me and others that definitely know more than me!:

#BOIL

Further developments as Timor really push the oil & gas industry:

https://twitter.com/bigguyad/status/1680568430116630529?t=XXaVtqyfO0gvqvhtBxhSuA&s=19

Just a misuse of symbols - 0.9p = £0.009.

Type of companies wanted....:

- newcomers (BOIL)

- First movers (BOIL/Sundagas)

- Companies willing to build a project (Chuditch / BOIL/Sundagas/projects on the island) and a reputation in the region (Sundagas and Andy Butler).

I was just reading this interview and was going to post it here.....but you beat me to it!

https://www.in-vr.co/

Just look at their partners.....very impressive and it really is great to have Andy Butler presenting at the Timor event.

This really does feel important! I might be wrong (and I regularly am!!!), but Timor are desperate for this to work. I really think that even if Sunrise goes wrong, we could be green lit to get the gas (and money) flowing.

It's worth remembering the below from Shell's Chuditch 1 discovery well 2001 (ish) that they found a 25m gas column and:

·   Risks associated with trap, reservoir and charge for the Greater Chuditch closure were considered by Shell to be zero (that is, the Geological Chance of Success is assumed to be 100%), remaining uncertainty being on the volumes in place

Https://investingstrategy.co.uk/stock-tips/baron-oil-shares-brief-update-for-q3-2023/?amp=1

Https://www.energynewsbulletin.net/on-the-record/news/1449946/timor-leste-petro-chief-surprises-with-joint-use-pipeline-plan-for-sunrise%C2%A0

Good post Juggerhowe. Although that quote is from March this year, it's clear what Timor's thoughts are.

Never great that Woodside didn't have a clue....BUT, with the discussions now going on, you'd have thought this would be clear to all!

.... and JC's find:

https://www.aman-alliance.org/data/newsDetails.php?id=65770

Chuditch also has CCS potential....

Looking forward to the next few months. It's Glgreat to get Gusmao elected, basically on the Sunrise and Oil & Gas platform - he's firmly on board and lots of news due.

Genuinely positive potential, a clear news flow...... and a massively undervalued share price 😁 👍👍

https://twitter.com/bigguyad/status/1675551476368936960?t=Te1GNpORUuMyseiiKodCIg&s=19

Agreed.

I would hope, a JV drill partner announcement (to boost SP) and then announce the raise.

However, I have absolutely no idea or insight into this!

Completely agree. Raise to fund our share of a JV to drill to prove it up. That sounds like the plan.

We're certainly bottom drawer material - park and hold if you can.

We know the potential (albeit quite well buried!) Timeline now is:

June 29: AGM

July 14: Dunrobin drill or drop

June/July: TL target for agreeing new PSCs

August: concept report for Greater Sunrise due.

November: target for Greater Sunrise decision.

We are somewhat linked to GS and what happens. However, we also have a lot going in our favour in terms of possibly going alone with FLNG.

The board are very tight with details something could progress at any time. We will see.

I thought it was "known" that the gas was there (i.e. when Shell drilled, they hit it and found it)?

I'm not ramping 5p.....but tbf, they want to sell both for the right price! Maybe Dunrobin sale to finance staying in for the Chuditch drill....and then sale?

I echo this. Was just saying somewhere else that I feel the initial CPR impact might not be massive. BUT - would gradually build with JV, planned drill etc. Then, IF, TL finally say "Yes please - go ahead", that's when rockets come.
Overall, very net positive and will hopefully grow and consolidate in a slower non-spikey way.
GLA

Here's a question though.....how many share holders would take a guaranteed $300 million tomorrow?

I think the actual chat is that they were sales and placings.

Good points.
I'm finding it hard to differentiate genuine "this is different / a step change" information from my own "delirium excitement" about anything TL related! Maybe it's just me, but it sort of feels like something is changing for the better (for us). Fingers crossed!