Member Info for Alvernikov

JAllis

It stands to reason that if you have a regasification plant you must have storage tanks - both for the LNG (to be regasified) and for the natural gas (600 x the volume of the LNG) after processing). So, yes - we're talking about the same facility at Hera Metinaro.

Have a look at the webinar presentation from last month, 26 October, if you haven't seen it already:

https://www.youtube.com/watch?v=NDgIbTm7n94

I think you can be sure that BOIL would not be talking about FLNG/hybrid solutions at this stage of the proceedings (given the accelerated nature of events in recent times) if they hadn't been discussed in depth with the TL government and with some agreement in principle. So, I would say that FLNG as an option is very definitely on the table.

The Timorese government has been so far very coy about putting flesh on the bones, simply stating "Currently, there are 3 projects under the Oil and Minerals Resources Program, including: 3 projects under preparation" in their Infrastructure Fund statement. Your guess will be as good as anyone's as to how the island will obtain its supply of LNG. But if you read between the lines, a Chuditch FLNG/hybrid solution looks very likely. Timor Leste/ANPM/SundaGas /Timor Gap are all being openly referred to as partnering together re: Chuditch - https://en.tatoli.tl/2022/09/14/sundagas-company-and-dit-sign-an-agreement-to-strengthen-the-study-cooperation-in-the-oil-sector/09/

All we need is the RNA to confirm the strong suspicions!

HFB aka BFG

Didn't you know that smoking stunts your growth? lol

HFB

The plans certainly are coming together - full steam ahead with all the necessary regulatory, fiscal, skill base, and physical infrastructure for the development of the Timor Sea assets and the island's own gas supply - for which Chuditch is surely the prime candidate.

I can just picture Hannibal...I can also feel a Condor moment coming on (after the RNA):

https://www.bing.com/videos/search?q=condor+advert&&view=detail&mid=7851FF7964ED556526857851FF7964ED55652685&&FORM=VRDGAR&ru=%2Fvideos%2Fsearch%3Fq%3Dcondor%2520advert%26%26FORM%3DVDVVXX

https://www.bing.com/videos/search?q=condor+advert&&view=detail&mid=BFDF8C551210942F8245BFDF8C551210942F8245&rvsmid=7851FF7964ED556526857851FF7964ED55652685&FORM=VDQVAP

Looking at it again, I'm not sure about the timing of RHI being contracted.

But, yes - Hera Metinaro, 12km east of Dili, is the chosen site for the import facility...presumably because of its proximity to the port of Dili. Being on the north coast, a pipeline from the Timor Sea is out of the question to feed the facility - so offloading LNG from a Chuditch FLNG/FPSO to a transportation vessel seems to be the order of the day.

https://en.tatoli.tl/2022/02/03/wood-group-kenny-hera-metinaro-is-the-best-option-for-establishing-tl-lng-import-terminal/19/

Following on from Wood Group Kenny's LNG Import Facility feasibility study, RHI were contracted to "provide commercial input in terms of estimating and contracts support." The project timeline is simply marked as 2021-2022; with just one month left in 2022 a report is due now!

The facility is a regasification LNG import terminal, specifically purposed for the conversion of the island's three power stations from oil to gas.

It would surely be a nonsense for Timor Leste to import LNG from other parts of the world when they have such massive natural gas resources in the Timor Sea. So, RHI's remit regarding floating facilities fits hand-in-glove with a Chuditch FLNG/FPSO solution to supply LNG.

We are just one RNA away from lift off - BOOM!

https://www.rhi-group.com/projects/lng-import-terminal-project
https://domino.timorgap.com/databases/website.nsf/vwAll/LNG%20Import%20Terminal

Further strengthening of the LNG partnership between Australia and Timor Leste

"The fellowship program is introduced under The LNG Partnership between Autoridade Nacional do
Petróleo e Minerais (ANPM) and the AustralianDepartment of Industry, Science and Resources (DISR).
The objective of this program is to deepen trade and investment links between Timor-Leste and
Australia in oil and gas development, other downstream infrastructure development including carbon
capture and storage. With these principles, LNG Partnership will support visits by business and
government delegations between Timor-Leste and Australia, hold consultations and exchange
information on the oil and gas industry, minerals and energy to assist and support cooperation
between businesses of the two countries, support economic development by building stronger and
more sustainable oil and gas industries in both Timor-Leste and Australia.
Referring to the objective and principles above, ANPM and DISR invite Timor-Leste emergent leaders
to nominate themselves for the fellowship to enhance and further their skills, specifically in the LNG
energy sector."

https://timorleste.embassy.gov.au/files/dili/Emerging%20Leaders%20LNG%20Fellowship%202022%20Application-A%20.pdf

Where's Bob the builder when you need him? He can fix it!

Almost zero activity on the RBD and UPL BBs - so maybe it's Chuditch that is going to hit the headlines ;)

Come on, BoD - let's have an RNA on Monday!

If the UPL AGM on 8 December is going to bear some real significance the UPL shareholders are seemingly not aware of it - only 9 posts on the UPL BB since Monday.

LOL

I'll be in need of CPR if it keeps up like this today!

The UPL AGM on 8 December looks like being perfect timing for a Q4 JV announcement.

Worth reminding ourselves of the strong hint at the end of this week's UPL Sarawak update: "Separately, we also recognize the potential emerging from our UK North Sea P2478 Dunrobin Prospect and are working closely with the joint venture partners to realise value there as technical studies complete."

No movement on BOIL, UPL, or RBD so far today...the calm before the storm.

It looks like we're 2 weeks or less away from a significant RNS.

Christmas come early...put up the tree and the trimmings :)

Indeed, HFB...heading our way very soon. What's 20 years of waiting between friends! :)

MMs can't keep this down forever, no matter how many large orders they need to fill.

Should see a steady rise as the dust settles towards the 29th.

Any hint of a JV, drilling partner, buy out, or a named TR1 and we'll go into orbit.

Strap yourselves in.

GLA

BOIL Control says, "Majors, come!"
Commencing countdown,
Engines on
Check ignition
And may TR1s be with you
Ten, Nine, Eight, Seven, Six, Five, Four, Three, Two, One, Liftoff!!

Let's see the UTs stepping up 0.01p to 0.02p per day until this time next week. An SP double the placing price on the 29th would be a nice platform to build from :)

And that's just Chuditch.

10 bagger - absolute minimum

100 bagger - absolutely possible

Definitely as good as it gets...and not even Melvin Udall can screw it up ;)

UT 0.17p - onwards and upwards

Party poppers at the ready...

Both gaining good traction today. Come on, Dunrobin!

UTs edging up 0.02p every day this week...I'll be happy with that ;)