Member Info for Alvernikov

is predicted to be 25 May

https://www.marketbeat.com/stocks/LON/BOIL/earnings/

The conditional offer to buy out Corallian must be completed by 31 August 2022. If it goes ahead, that should have a significant impact on BOIL's SP. With the current political climate, it's unlikely that the North Sea Transition Authority will fail to approve the sale. Dunrobin looks like being first in line, with the massive Chuditch prospect to follow on its heels.
It's taken many years, but now we're counting down in days. GLA

https://www.energy-pedia.com/news/united-kingdom/corallian-energy-receives-conditional--non-binding-offer----reabold-resources-to-acquire-corallians-exploration-and-appraisal-licences-186703

It's not General Shipping...it's President Xi Ping ;) lol

Xi said he attaches great importance to the development of China-Timor-Leste relations, and stands ready to work with President Ramos-Horta to bring the comprehensive cooperative partnership of good-neighborliness, friendship, mutual trust and mutual benefit between the two countries to a new level.

http://www.chinadaily.com.cn/a/202205/03/WS6270f876a310fd2b29e5a7ba.html

Much less than 10 years because they'll lose the $1 billion, as of this year, Bayu-Undan revenue contribution to the annual budget after next year.

More than $3.2 billion, a $1.13 billion increase to its 2022 budget ($2.4 billion from the Petroleum Fund - that's quite a hit).

More than 4 times the Estimated Sustainable Income. They will have to pull that back from somewhere.

https://www.independente.tl/en/national/timor-leste-plans-1-1bn-increase-to-2022-budget

lol, HFB - I keep singing rugby songs now..."Dinah, Dinah..." :)

There was a young bar(r)on from Dunrobin
Who dipped in his bit for some probin'
"He's drilled the wrong hole,"
Quipped an idiot troll;
But now he's more gas than was hopin'

I've got all the empty bags and a very large pair of boots out from under the stairs - ready to fill them up!

The troll stood on the burning deck,
His legs were all a quiver.
He gave a cough, and then fell off,
And floated down the river.

It's all coming nicely to the BOIL

And it looks like I bought into RBD at just the right time after someone had a word in my SHELL-like. I've put my TOTAL ENERGIES into this, so I think I need to check my BP. I can't think of ENI more...

TL are doing a good trade in coffee, but to produce more gas I think I'll be drinking TIMOR from now on....

Good day for Vast holders. It just goes to show where BOIL will be with news of a similar or greater magnitude.

Ignore the naysayers - BOIL will come good. I'm happy to wait for another year or two if necessary.

Liquefied natural gas (LNG) developer Woodside (ASX:WPL) is considering new investment opportunities, including the Browse and Greater Sunrise fields, on expectations that new supply will be needed to alleviate global energy market tightness.

The lead contender is the Browse development, Meg O’Neill, chief executive officer of Perth-based Woodside, told Bloomberg. The multibillion-dollar collaboration with majors including BP (LON:BP) and Shell (LON:SHEL) has struggled to make progress with a previous plan to develop it into a floating LNG (FLNG) project abandoned in 2016 due to poor economics.

However, the war in Ukraine, which has led to nations avoiding purchases from top exporter Russia, the energy transition, as well as surging demand, are creating a period of upheaval that has seen an unprecedented tightening of global natural gas supply. Woodside and other Australian producers are joining their peers from the US to Qatar in exploring ways to boost exports and bridge the worsening deficit.

https://news.writecaliber.com/oil-gas-gulf-woodside-eyes-browse-and-east-timors-sunrise-gas-as-war-in-europe-tightens-energy-markets/

There is about $20 billion left in the sovereign fund. Bayu-Undan will bring in about $1 billion this year, but then revenues are expected to fall due to the depletion of the field.

At best, TL will survive until about 2028 with the support of the sovereign fund - that's not much in terms of a nation's revenue contingencies, especially with TL's development plans and its commitment to lifting the people out of poverty. LNG production is going to be essential - and it needs to get under way this year.

Time waits for no man.

If not now, when?

"On April 19th José Ramos-Horta won the second-round run-off of the Timor-Leste presidential election with 62.1% of the vote. He will take power on May 20th and is expected to push for an early parliamentary election. He is expected to focus on bringing the Greater Sunrise offshore gas condensate field into production, with the hydrocarbon piped onshore to a proposed refinery on the southern coast."

"Mr Ramos-Horta may negotiate an agreement with parties in parliament for an early election in the second half of this year, which would stand a good chance of bringing the CNRT to power as part of a new governing coalition. He is expected to appoint Xanana Gusmão, a former president and prime minister, as prime minister, with a brief to bring the Greater Sunrise field into production. This would be likely to require large-scale Timorese investment in a refinery on the southern coast, essentially gambling the nation's financial assets on the project."

http://country.eiu.com/article.aspx?articleid=202046003&Country=Timor-Leste&topic=Politics&subtopic=Forecast&subsubtopic=Election+watch

The hope is that Australia will react to what must be very obvious concerns about China's expansionist ambitions, fill up the LNG Partnership Fund, and broker a deal with the TL government that they can't refuse.

https://udumbara.net/beijings-indo-pacific-arc-of-power-crystallizes

"The Asia Times on April 20 noted: “A change of government [in Timor-Leste] could lead to renewed enthusiasm for a seemingly stalled onshore gas processing megaproject that would likely only find China wanting to assist financially with its development.”

“On the face of it, Timor-Leste’s cooperation with China is limited. In 2020, Timor-Leste ex- ported just US$1.1-million worth of goods to China, and imported US$190-million from it. … But China has built the presidential palace, foreign ministry, and defense buildings in Dili, the capital, and friendly overtures have been made by both sides.”

Ramos-Horta has repeatedly scoffed at suggestions that China was gaining strategically significant leverage over Timor-Leste in recent years. However, the reality is that he will be approached about financing not only the stalled Greater Sunrise gas field project, but the related issue of onshore processing of the liquefied natural gas."

Awake, dear Chuditch, awake. Thou hast slept well.
Awake!

It's a month old...but good to review it again:

https://www.energynewsbulletin.net/policy/news/1428908/sunrise-lng-champion-to-return-as-timor-leste-president%C2%A0

It's time for action! It's time for Ramos-Horta to make the dream a reality and wake up to the Sunrise! We've been waiting too LoNG...

"The industry assumptions of 2019 were that the only place Dili was going to find finance for the project was China. Ramos-Horta did not confirm or deny but suggested anti-China sentiment in general was counterproductive.

AIM-listed Barron Oil, via subsidiary Sunda Gas, is currently undertaking work to reprocess seismic and other data from a development Shell looked over in 1998, where it drilled a single successful well but never properly tested it.

The Jurassic-level Chuditch gas discovery is in shallow water and could be suitable for a floating LNG development, Sunda has said."

https://globalvoices.org/2022/04/26/on-timor-lestes-20th-independence-anniversary-former-president-ramos-horta-makes-a-comeback/

President from 2007-2012

Ramos-Horta, IMHO, hasn't got any choice but to compromise this time around. The petroleum fund has kept the TL economy afloat but cannot do so for much longer with the Bayu-Undan field soon to be decommissioned.

I still favour Australia to seal the deal. What is the point of announcing an LNG Partnership Fund if it is not for the purpose of achieving a very significant compromise. OZ put up the readies in return for a percentage of the revenues, Horta gets his processing plant, jobs, better trained work force, taxes, and a lion's share of the revenues.

It's a no-brainer...