Member Info for CDF1

Fish123 -

Some here are using hefty profits previously made which is wise and also more of a calculated risk !

Others bought lower than .125 so already in profits.

And others are either conservatively invested or balls deep !!

As HFB as previously pointed out that is no guarantee with Timor-Leste, although it is more likely now to happen than ever before, having said that if not this time then will there be a next time ..

We know other news is imminent that is why the current SP is fairly static.

It's all about risk vs reward and no regrets ..

ATB GL

You are very much valued here HFB !!!!!

Please do not let the comments of the odd one or two drive you away.

On behalf of the majority of us I hope you will reconsider ?

But should you not return then I would like to personally thank you for everything, you are the most genuine person I've ever come across on any chat.

ATB

Everyone has something to add here, whether it be valuable info, views, advice etc

ATB GL

Woodside should respect Timor-Leste’s sovereignty. The time for inaction, more new studies, and
excuses has ended. The technology and skills are readily available to safely build a much-needed, worldclass, carbon-neutral, natural gas project in the Timor Sea and onshore Timor-Leste. In a Woodside Press
Conference, on Thursday, December 1, 2022, the CEO acknowledged that TIMOR GAP’s studies
confirmed the technical viability. She worried that the commerciality of a Timor-Leste-based project had
been Woodside’s primary concern but the use of modular LNG plants might improve that assessment.
TIMOR GAP has already been considering these modular designs. Furthermore, the States of TimorLeste and Australia share 50% of the net production after cost recovery, with 70% of that production
share going to Timor-Leste. When the value to the host nation is included, the commerciality model is
compelling.
TIMOR GAP will continue to push for immediate action, cooperating with the States (Timor-Leste and
Australia) joint efforts to complete the legal and fiscal regimes so that the new Production Sharing
Contract can be signed in early 2023.
Read relevant article on: https://www.reuters.com/article/idUSL4N32R1DA

NEWS UPDATE ON GREATER SUNRISE
2 December 2022
The Greater Sunrise gas field is 150 kilometres south of Timor-Leste and was discovered by Woodside in
1974.

Greater Sunrise is the largest known deposit of hydrocarbons in the Timor Sea and 70% of this important
resource lies within Timor-Leste’s territorial waters.

With nearly 50 years now having passed, the people of Timor-Leste have waited too long for this crucial
asset to be developed.

Timor-Leste’s future prosperity, energy security, and economic independence is intrinsically tied to
development of Greater Sunrise and bringing the gas to Timor-Leste’s southern coast. It is a technically
and commercially viable option - supported by independent technical studies produced by world-class
engineering firms and paid by TIMOR GAP because the Operator wasn’t conducting these studies.

Very recently, with pressure from TIMOR GAP to accept the results of these world-class studies,
Woodside proposed that new studies be conducted. However, as the Operator, Woodside has had more
than enough time and opportunity to update old studies, undertake new studies, propose options, seek
agreement from stakeholders, and prepare detailed plans for this project.
TIMOR GAP realises that Woodside has many other competing projects, but Greater Sunrise is TimorLeste’s only potential income producing project ready to develop. Timor-Leste cannot afford any further
unnecessary delays or be constrained by the actions or inactions of the Operator and minority
shareholder.

For the gas, after cost-recovery and before taxes, Woodside’s share is 16.7%, Osaka Gas is 5%, Australia
is 15% and Timor-Leste/TIMOR GAP is 63.3%. We believe that it is unreasonable for a small shareholder
to hold the major shareholder hostage to the small shareholder’s priorities and operational preferences.
For Woodside, this is just another project. For the people of Timor-Leste, Greater Sunrise is an economic
imperative that is desperately needed to provide revenue, education, jobs, infrastructure development,
and energy security. Therefore, bringing Greater Sunrise gas to Timor-Leste’s southern coast remains
the only acceptable option for TIMOR GAP and the Timor-Leste government.

On Wednesday, November 23, 2022, TIMOR GAP’s management team initiated a vote of the Greater
Sunrise Joint Venture (“SJV”) partners on its proposal to include a special provision in the new (under
the Maritime Boundary Treaty) Production Sharing Contract (“PSC”). This provision commits the SJV,
Australia and Timor-Leste to agreeing that the gas from the Greater Sunrise fields will be piped to, and
processed onshore, Timor-Leste.

Woodside and Osaka Gas voted NO. They claim they want more studies. TIMOR GAP believes this is a
classic example of a corporate bully holding a poor, developing country to ransom just to engorge their
balance sheet.

donotpanic - quadruple and some ;-)

Can't tell me all this effort being spent is purely a process ..

They know what is there, hence the eagerly awaited ERCE report, and the sniffing around from lots of whom are interested ..

It is simply a case of who negotiates hardest, and who eventually accepts what needs to happen to make this happen !

The 6 month extension awarded is to resolve all of the issues, then it will be announcements all the way :-)

ATB GL

tomhuk2000 - good to see Baron has caught up with what we already know, as HFB has said on numerous occasions they are very snail paced ..

And this is WHY some question their marketing strategy ;-) lol

ATB GL

HFB - wouldn't this put a different slant on China's potential involvement ?
https://www.reuters.com/business/energy/qatarenergy-signs-27-year-lng-deal-with-chinas-sinopec-2022-11-21/

Jarv55

Maybe they are of the opinion if they do more PR and gain more investors then lots more pressure upon them, answering calls, emails and having to do more webinars etc ..

If it were me I'd be shouting from the rooftops !

With the exception of Andy Butler of whom impressed me I throughout the other two were a bit John Deer pace mentality :-} lol

These guys honestly so laid back in their approach ..

ATB GL

The technology group Wärtsilä has been awarded a three-year renewal to its Operation and Maintenance (O&M) agreement covering two power plants in the Democratic Republic of Timor-Leste. The importance of ensuring operational reliability and efficient maintenance is emphasised by the fact that these two baseload plants supply electricity for the entire country. The contract was signed with the country’s state-owned utility Electricidade de Timor Leste (EDTL) and included in Wärtsilä’s orderbook in the second quarter of 2022.

The plants both operate with Wärtsilä engine generating sets, and have been covered by Wärtsilä O&M agreements since their commissioning. The Hera power plant, located close to the country’s capital Dili, operates with seven Wärtsilä 46 engines and delivers an output of 119 MW. The Betano plant, which is located in the south of the country, produces 136 MW from eight Wärtsilä 46 engines. Both plants have been in full operation since 2012.

A key element of the agreement is the continuous remote monitoring of the generating sets from Wärtsilä’s Expertise Centres. This service optimises both performance as well as maintenance planning procedures and ensures the security of Timor-Leste’s power supply by providing a holistic view of the plants’ operations. Wärtsilä also provides training for the locally employed staff as part of the agreement.

“We have been extremely satisfied with the reliability and performance of these vitally important power plants. This speaks highly of both the efficiency of the Wärtsilä engine technology, as well as the professionalism and competence of their O&M service. We are pleased to renew this agreement,” said Paulo da Silva, President of EDTL.

“The country’s electricity supply is very much dependent on these two power plants, and we are very proud to say that for the past several years, there have been no unplanned outages at all. The plants have performed at maximum capacity, even during the challenging Covid crisis, and for this we must pay tribute to the technical capabilities of our local team, and to the thorough training provided. We are proud to have been awarded a renewal of this contract, which is an indication of the customer value that we can deliver,” commented Kari Punnonen, Energy Business Director, Australasia, Wärtsilä.

Wärtsilä currently has ten Expertise Centres located in strategic locations around the world. Together, the centres support Lifecycle Solution agreement customers with advice and recommendations based on the analysis of data from monitoring the condition and performance of the specified installation.

"I love it when a plan comes together"

John "Hannibal" Smith

ATB GL

I don't need to respond to you antonvb but I will ! ;-)

I quoted the current TLW F.A.C.T.S of which clearly you know to be TRUE but can't accept !

Have read some of the previous comments others have posted on here in the past, and you have attempted to shoot them down in flames too, just because they had an opinion or quoted F.A.C.T.S again you did not like.

So the answer here is to clearly ramp this all day long whilst knowing it may take a long stretch just to clear the debt.

As for my other large investment two members here are already invested over there and more will come ..

I will not respond to you again, over and out !

ATB GL

I know capdailbrit - that was why I was laughing at 'YOU'

LOL

toptuf - I think the wording is 'expectation' perhaps I expected .16 to hold up after the placing, and not to drop back down to .14, especially as all were left to be cleared were as someone called it 'fumes' ..

I guess this is just those who got their .12 placing selling selling out or top slicing !

Have no doubt this will bounce back up and well beyond .16 over the next few days/weeks.

The all important 'RNS' could come at anytime for Dunrobin as we all know :-)

ATB peace and goodwill to all

I think you will find that I was responding to stuartv on the BOIL forum in response to his comment to me.

And I stand by what I said to him !

All my points were valid:-

A failed merger - F.A.C.T !

Awful communication from the board - F.A.C.T !

Still heavily in debt - F.A.C.T !
(commitments to the Banks)

Then there is the MM's and Shorters - F.A.C.T !

And the * year plan from Rahul, even IF he doesn't achieve his plan in his stated timescale he will still have a job - ALMOST CERTAINLY A F.A.C.T !

Then there is 'US' the one's that have invested our hard earned money - F.A.C.T !

At this rate I don't think my predicted 50p by Xmas Eve will happen - WE SHALL SEE IF THIS IS A F.A.C.T, and this was/is my opinion/prediction, just like when PPL say this will be £1 after Kenya or in a year or whenever they feel like saying it ..

Been invested here since 2019 - F.A.C.T think the time is coming to seriously evaluate whether TLW can reach the magic £1 by this time next year - MY OPINION and everyone else seems to say what they want, so freedom of speech allows each and every shareholder here whether they hold 1, 1000, or 1 million shares the same rights.

Very disappointing - MY OPINION and I'd guess I'm not on my own!!

End.

30-Nov-22 14:39:40 0.14 968 Sell* 0.14 0.145 1.36 O

Really .. Oh my days .. I mean c'mon really ..

Davies102 - don't think it is so much PPL being silly sausages (that made me laugh) but post placing I think most expected this to rise not fall, saying that yesterday's post about this being nearly a year off (Timor) has obviously evoked a number of larger investors (maybe) or collective small investors to take the profits and run, think that is all anyone is trying to say!

Not doomers, gloomers, or de-ramping, just PPL saying it as they see it.

Trouble is our marketing is very poor, lots of PPL who should be invested are not, that is not good, because the more invested the bigger the mcap, and larger the offer/s !

I'm holding a large some because I believe things will come good. It's just concerning when you see a dip from .17 to .14 one day after placing, yes it may well be those who got their magical .12 sold out or top sliced.

Am sure this will gain traction again once news of Dunrobin filters through ..

ATB

Exactly and thank you JMAX.

Some on here are very petulant and need to grow up !!

I just say it as I see it ..

IF my top-up target price comes then I'll add another 5 million.

Remember what they said about 2023 :-

https://www.share-talk.com/4-best-high-risk-high-reward-ftse-aim-stocks-to-consider-for-2023/

Baron Oil (LON: BOIL)
Currently the most highly traded stock on FTSE AIM, BOIL shares are waiting for a catalyst to rocket higher. The company owns a 32% interest in the UK P2478 licence at Inner Moray Firth, and a 75% interest in the Timor-Leste-based (East Timor) Chuditch product sharing contract (PSC).

Internal 3D seismic data surveys show that the Chuditch project has a best-case recoverable resource of 3.6 trillion cubic feet of gas, equivalent to the United States’ entire gas stockpile. This is an incredible resource for a relatively tiny company with just a £22 million market cap.

Having conducted a share placing recently, the stock is now significantly de-risked. Consultancy ERCE has been contracted to independently verify the internal survey, with a view to selling the asset to one of the global oil majors. This could send BOIL shares to new highs in 2023.