Member Info for CDF1

Pump could be over for a while ..

Lots have dumped today by the look of it !

That was a pointless post if I ever read one !

But thanks for the heads up ...

A failed merger attempt ..

Awful communication by the board ..

Still heavily in debt ..
(commitments to the Banks)

Then there is the MM's and Shorters ..

And the * year plan from Rahul, even IF he doesn't achieve his plan in his stated timescale he will still have a job ..

Then there is 'US' the one's that have invested our hard earned money ..

At this rate I don't think my predicted 50p by Xmas Eve will happen !!

Been invested here since 2019 think the time is coming to seriously evaluate whether TLW can reach the magic £1 by this time next year ..

Very disappointing !

the real question is how many already heavily invested investment companies will top up ..

ATB

donotpanic - some are now playing games for sure !!

Maybe another top up if can find any surplus anywhere else ..

An early selfie Xmas treat perhaps :-)

ATB

Now that is the million dollar question !

Investors invest and traders trade, simple as that ..

ATB GL

.12
.13
.14

To me that is not important as fully loaded.

What is important is where is the top ?

0.01 - 0.02p

0.03 - 0.05p

HOLD FOR GOLD !!

But as Baron said they are not concerned with the day-to-day SP /mcap.

Their attention is on the bigger picture, a picture that some fail to see ..

Each to their own, do what is right for you at the end of the day, no regrets they don't work ..

ATB GL

More will sell but more will invest too.

Some will trade, some will make a small profit, others will wait ..

There is no right and wrong, just 'YOUR' way, and we are ALL here to do what best suits 'US'

Don't like disingenuous PPL though and most on here know who these are already so GL with the de-ramping :-(

ATB GL

The Australian Government's special representative for Greater Sunrise, in the Timor Sea, was optimistic today that an agreement on the project will be reached next year, stating that there is a short window of opportunity to make it viable.

"I would consider it a success if we get all parties to agree that this project has to go forward. I have a finite position. I've been in these roles for one year and I'm only going to take over one year, so I want to close this by November of next year. If I can't , I will be very disappointed", he said in an interview with Lusa. Steve Bracks, who is visiting Dili, was speaking to Lusa in his first interview since in October he was appointed special representative of the Australian Government to help unblock the impasse surrounding the Greater Sunrise project.

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Would imagine there will be lots of PPL loading up between now and then, some will also slice profits and rightly so.
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As many have already said it makes absolutely no sense not to move forward with this, to pay more for the say product from elsewhere, and for as long as it will be needed, that to me is commercial suicide especially when the Timor can be self sufficient and cash rich for decades to come.

In the meantime there is always Dunrobin, albeit that wouldn't achieve all our expectations but it is a start all the same ..

ATB GL

ripley94 - I too am down in this dog of a share, still looking for 0.045 just to break even !!

Think I've got more chance of seeing another decade out before that happens ..

I'll personally never invest in anything JP or SK are involved in ever again !!

To say I wrote the 4.5k off is not a lie :-(

https://au.linkedin.com/in/shane-gaddes-4b288397

https://www.facebook.com/AustralianEmbassyTimorLeste/posts/2119149964980553/

Ok, so I'll type out what it said as they've locked the document so unable to copy :-(

24 November 2022

The Greater Sunrise Governance Board, established under the treaty between Australia and the Democratic Republic of Timor-Leste establishing their Maritime Boundaries in the Timor Sea 2018 (the Maritime Boundary Treaty) met today for constructive discussions on the Greater Sunrise Special Regime.

Comprising one representative appointed by Australia and two representatives appointed by Timor-Leste, the Governance Board provides strategic oversight and approves key governance arrangements for the Greater Sunrise Special Regime.

The members of the Governance Board, Ms. Cristina Yuri Rebelo dos Santos Costa and Mr. Juvenal Dias from Timor-Leste, and Mr. Shane Gaddes from Australia's Department of Industry, Science and Resources received a joint briefing on the progress Timor-Leste and Australia have made, together with the Sunrise Joint Venture, to develop the governance arrangements for the development of the Greater Sunrise fields. The Governance Board recognised the parties' significant effort throughout the year to progress these complex arrangements and welcomed the ongoing commitment by all parties to finalising the arrangements in due course.

The Governance Board also welcomed the recent announcement by the Australian Government that the Honourable Steve Bracks AC, has been appointed as Australia's Special Representative for Greater Sunrise. Timor-Leste's Governance Board members will meet Mr. Bracksduring his visit to Dili next week.

Pursuant to the Maritime Boundary Treaty, the objective of the Greater Sunrise Special Regime is the joint development of petroleum in the Greater Sunrise Fields for the benefit of both Timor-Leste and Australia.

20 people were in the picture at the bottom of the page.

End.

Loaded up with 30 million shares over the last few weeks, and whilst I already show a four figure profit sum the thought has never entered my mind to cash-out.

To be out now would be unthinkable!

Imagine IF that one ‘RNS’ landed that could turn this into a multi bagger.

Personally I’d be very happy with 3p, anything more would be amazing :-))

If I was advised now that in a year I could be wealthy enough to achieve self sufficiency and enough free time
to go fishing twice a week I’d be very grateful.

ATB GL

That was dated :- 29 November 2022 @ 00:48

"I understand that determination and that is very important," he said. The former adviser to the Timorese leader Xanana Gusmão says that the current "window of opportunity" created by the current energy crisis, "will not be open forever", and could last only two years. "We hope the war in Ukraine ends quickly, but even if it does, we will have supply issues for some time and the two-year window is one where there is an opportunity for this to move forward," he said. "After that, it is very possible that economic viability will no longer be favourable. All countries are looking to invest in zero emissions and this will affect the price of gas in the medium term", he considered. Furthermore, and beyond this critical scenario of two years to move forward with the development project, Bracks recalls that it would still take an additional three years for some return on investment to begin to be generated. "Hence, timing is especially important", he noted, referring that the urgency intensifies taking into account the risk of a financial precipice in Timor-Leste in a few years. Considering having the confidence of both Governments, Bracks said that no scenario can be excluded including the possibility that Woodside's stake is bought by other companies, as occurred when Timor GAP bought Connoco's and Shell's stakes in the consortium. "Often, in this type of project, there are significant dynamics before the project moves forward, whether in ownership or in operation. A credible and competent operator is needed", he said. "Anything is possible. There are many companies that are looking at Sunrise and they consider it to have great potential. It is possible, but let's not assume anything. Woodside has a financial interest in the project and they are the operator, and it's with that, with the current situation, which we have to work on", he said.

Timor-Leste, he recalled, is betting on a gas pipeline for his country, and "he is of the opinion that he wants the transfer of technology, the added economic value associated with employment by having it in the country", something he considers "understandable" despite the fact that there has already been pipelines from the Timor Sea to Darwin and that option is potentially cheaper. "In any case, a decision has to be taken. My role is to try to overcome the impasse, reach an agreement between everyone, the two Governments, the consortium, on where the gas pipeline will reach, and start negotiations for that to happen", creased. In recent months, contacts between the parties have intensified, with the 2019 treaty that defined the maritime borders between the two countries providing for the signing of a production sharing contract, in addition to other technical staff. The project has become particularly urgent given the risk that Timor-Leste may face, as early as 2034, a fiscal cliff with the end of the Petroleum Fund that currently finances almost the entire State Budget (OGE). Bracks recalls that even if today that agreement may seem complicated, Timor-Leste has already managed to achieve several "impossibles", first the country's independence itself and then the permanent maritime border with Australia.

and 70% if it is channeled to Timor-Leste", he recalled.

The Australian Government's special representative for Greater Sunrise, in the Timor Sea, was optimistic today that an agreement on the project will be reached next year, stating that there is a short window of opportunity to make it viable.

"I would consider it a success if we get all parties to agree that this project has to go forward. I have a finite position. I've been in these roles for one year and I'm only going to take over one year, so I want to close this by November of next year. If I can't , I will be very disappointed", he said in an interview with Lusa. Steve Bracks, who is visiting Dili, was speaking to Lusa in his first interview since in October he was appointed special representative of the Australian Government to help unblock the impasse surrounding the Greater Sunrise project.

"The mandate I have from the Australian Government, which I was given by Foreign Minister Penny Wong after my appointment is very simple: Australia wants the project to go ahead. We believe it will be of great benefit to the people of Timor-Leste for this project to move forward", he said "We know that revenues from the [oil well] Bayu Undan are ending, we need a new source of revenue for the country and this is something that can finance the country for the next 20 years", he considered . Located 150 kilometers from Timor-Leste and 450 kilometers from Darwin, the Greater Sunrise project has been involved in an impasse, with Dili defending the construction of a gas pipeline to the south of the country and Woodside, the consortium's second largest partner, lean towards its connection to the already existing unit in Darwin. Bracks said that Canberra "does not have a position of defending one or another option" only intending that "the best option, the most economical and most beneficial" go forward and that the essential objective is "to get the project to move forward" and not to stay "paralyzed". About Woodside, with whom he met last month, Bracks explains that the partner of the Timorese oil company Timor GAP and Osaka Gás in the project "declared to have an open position". Formally, and currently, it is still the operator in the consortium -- although there is currently "a dispute over who is the operator" -- and, according to Bracks, "at the meeting they did not indicate that they have a final position on where it should be developed" , showing willingness to move forward. Bracks - former Prime Minister of the State of Victoria and considered a "friend" of Timor-Leste - was nominated by the Australian Prime Minister, Anthony Albanese, in October, following conversations that the head of the Government of that country held with the President Timorese, José Ramos-Horta, on his state visit to Australia. "It's a challenge. This is the last piece of the puzzle. We have a permanent border, the old treaty is gone, the new border is in force after the UNCLOS negotiations, which gives 80% of the resource to Timor-Leste if the gas is channeled to Darwin

I thought today would be 'interesting' !

So much hype, with good reason, but it will take time ..

I don't expect to see any fireworks or celebrations until the new year !!

ATB GL