Member Info for Alvernikov

I'm going to be really surprised if the LNG Partnership Fund is not primarily to build a pipeline to Darwin in the first instance and then the Beaco facility - and I imagine the fund will be almost entirely, if not completely, provisioned from Australian coffers!

What I like about the two PMs online meeting today is that there are no ifs or maybes.

The dialogue indicates a definite commitment from both parties to work together to monetise the Timor Sea gas - acknowledging their mutual dependence on each other as well as the mutual benefits that will be derived. This is no longer a Timor Leste government that is just sitting on a treasure trove - this represents a sea change (pardon the pun) that will soon bring some reward, IMHO, to long-suffering BOIL holders.

Onwards and upwards...

Frustrating day on (mostly off) LSE...

But, today's meeting between the two PMs looks very promising for continuing developments. I wonder how large the LNG Partnership Fund will be and just what they are committed to achieve with it? Not enough flesh on the bones as yet, but it's a strong move in the right direction.

We'll see what the bid submissions bring next month.

Exciting times ahead!

I topped up with another 10m this morning - rude not to at 0.00074... ;)

It's clearly not oil or gas related - but everything that helps to strengthen the Australia/Timor Leste relationship has to be a good thing in terms of up-coming LNG agreements and co-operation...and all helps to maintain stability in Timor Leste, politically and fiscally.

Meantime, BOIL is brewing nicely...I can read it in my tea leaves ;)

Another brick in the wall...

https://www.medcom.id/english/world/eN4GR92K-australia-timor-leste-enhance-cooperation-on-economic-recovery

Yes, those figures are the wrong way round.

We could finish up with both - a pipeline to Darwin to expedite the monetisation of Greater Sunrise and an LNG plant eventually at Beaco.

Hold onto your hats and enjoy the ride :)

Prime Minister Taur Matan Ruak is scheduled to fly to Australia to officially announce the agreement of Qantas flights between Australia and Dili on 27 March - but I would expect the postponed 09 February meeting to be rearranged before then. I guess we'll soon find out.

All in all, it's good to see a growing relationship between Australia and Timor-Leste. Let's hope the Timorese Prime Minister can be persuaded to get the Greater Sunrise party started!

“So far the dialogue between Australia and Timor-Leste regarding a number of documents for the development of Greater Sunrise is going well. These documents include petroleum mining code (PMC), production sharing contract (PSC), and greater sunrise special regime.” Timor-Leste Minerals Minister, Victor da Conceicao Soares.

Timor-Leste needs a face-to-face meeting to discuss the development of a deeper Greater Sunrise agreement between Timor-Leste and Australia. Following this, further discussion will be held together with Timor Gap, Woodside Petroleum, and Osaka Gas.

DILI, 02 february 2022 ( TATOLI)

I've always been wary of things that are stamped 'Made in China'.

COVID, for instance.

"It is better to remain silent at the risk of being thought a fool, than to talk and remove all doubt of it."
Maurice Switzer

Sorry for the spelling mistake - the first, not the second ;)

One this is for sure, I'll learn a lot more from one HFB post than I will from thousands of Tittobeobjective posts.

The Australian government will be very keen to keep China out of the equation. China are not interested in revenue from TL assets - they'd be happy to see involvement in fast-tracking Beaco as a loss-leader in order to gain political and strategic advantages.

With the right decisions made, we could see this fly in the next few weeks - or we may find ourselves in much the same position 2 years from now. In as much as we can be certain about anything, this will come good somewhere down the line.

It's time for the TL government to act. Impatience on this occasion is very much a virtue.

Totally agree. But I think you can tell that my comment was very tongue-in-cheek.

But this is an industry where an SP is not always based on market capitalisation - or at least, there are brief periods when rumour and sentiment have their sway and MC takes a temporary back seat.

For those brave enough, I suspect there will be opportunities for a bit of day trading over the next few weeks.

TL's backs are against the wall. More than 90% of their revenue comes from gas and oil and the Bayu Undan field is fast depleting. Building the Beaco LNG plant is an admirable aspiration, but they don't have the money for it and they are running out of time.

Assuming the postponed visit is still to go ahead shortly, it will be interesting to see what comes of the talks between the prime minister, Taur Matan Ruak, and the Australian government.

If TL would just swallow a bit of pride, a pipeline to Darwin would be the most sensible and expedient option. With 40% of its population below the poverty line, the TL government might do well to invest time and money in other means of revenue diversification within its economy instead of the hither-to non-starter at Beaco.

100-200 bagger? I'd be more than happy with a 10 bagger ;)

The SP was 17.25p back in November 2006. Imagine that, a 250 bagger!! That would be a Mega Multi Bagger!!!

Money for nothin' and your Easter chicks for free.
Maybe I'll trade in my chocolate egg for a Faberge one.
It's coming nicely to the BOIL.
We just need TL to pull an Easter bunny out of the hat.

Good Friday could turn out to be a VERY GOOD FRIDAY.

https://theworldnews.net/pg-news/timor-leste-oil-gas-saga-takes-new-twist

If they have any sense, the Australian government should drop the prosecution and continue to rebuild relations with Timor-Leste.

And they know they can't lie about the positive SARS-CoV-2 test or they'll get shoved in a quarantine hotel and subsequently deported ;)

Hopefully, the visit will go ahead next week to put the ball in court and battle it out in the first set tie-break :)

https://www.geoexpro.com/articles/2021/12/timor-leste-exploration-renaissance