Member Info for dougb189

Indeed my bad. Your cheap throwaway ‘it was a freebie’ being totally devoid of any context, did rather dampen the parade. Lol.

And would you care to then create some enhancing value to that… intriguing snippet of information ??

Double dare then?

& that you then name exactly WHO gave away the asset…

At least try to make the snippet… interesting.

Bearing in mind that there’s already one well which has been proven as 100% COS

“..no further raises..” is a difficult call as it might happen, or as many suspect likely not, & that a JV may pick up the small tab, for say 30% of the field and so offsetting the requirement for a placing.

Timor Gap received an absolute bargain, having previously paid c.$600M for a similar size 40% share of Sunrise. As highlighted previously, the TL funds are running very low, hence the suspicion that TL have supplemented the meagre sized cheque & possibly provided a sweetener eg. a partner to come onboard.

“… january 30th, the head of state will sign the business accord ceremony between sundagas and timor gap p****ria in the timor-leste coastal region..”

On completion of the signing, then should see the cheque for $1M get moved across the table.

A very very minute, almost paltry figure, in the overall scheme, which then imv suggests there was quite a decent sweetener that came with it. Perhaps TL have got a significant other-half waiting in the wings, hence the talks next week with an oil refinery FEED developer..

lol but half expecting some director buys to come from that wee cheque ?!

A wee bit excited on next Wednesday’s meeting, as spotted by Filthy : “… on the 31st of january, there will be a meeting with gemcorp capital llp and altus group regarding the existing and potential investments in timor-leste..”

For reference…

“..Cabinda Oil Refinery Angola : Other development details..

..Gemcorp completed the front-end engineering and design (FEED) on both the Inside Battery Limits (ISBL) and Outside Battery Limits (OSBL) components for the project.

The ISBL area is dedicated for the crude distillation unit and merox unit of the refinery, while the OSBL area includes the tanks, power and supporting infrastructure.

The company also completed the initial design of the conventional buoy mooring (CBM) system for which it received a licence in May 2020. The design includes three export lines, of which one is reversible to facilitate crude imports. The CBM will also allow large Suezmax-size vessels to service the oil refinery…”

Should be an interesting week.

*Following on from his meeting the day before [31st January] with some real-estate agents [Altus Group] & the refinery financiers [Gemcorp].

Next Friday’s BBC Hardtalk interview could be quite enlightening, perhaps showcasing Horta’s oft expressed frustration at global green ethics v economical survival.

Only then becomes ‘hardtalk’ when one is going against the grain ?

Following on from his meeting the day before with some real-estate agents & the refinery financiers.

Gemcorp the financiers with experience in the setting up of a new refinery :

https://www.gemcorp.net/news/angola-s-oil-refinery-can-strengthen-public-finances

Cheers bud, 2024 shaping up to become very good.

Suspecting we will perhaps lose 50% of our current holding on a farm-out, then resulting in 30% of Chudditch which ain’t too shabby.

Both these stocks should kick off quite soon. AB appears to be playing the political spectrum over the next week and will then hopefully get recompensed for his efforts.

These boards are indeed for all opinions, both poor & good. If you then fail to understand what classifies as ‘poor form’ with respect to posting negatively immediately prior to the market opening, then that’s a self-induced folly, that fools know one but the poster.

UPL is indeed also expecting good news. So why wet one’s pants and then recommend that the poster Pinocchio should be green-boxed, when all that he/she is doing is highlighting the obvious ie, the required waiting period between directors buying & directors posting good news….

Poor form across several boards.

“.. The reason the SP isnt moving is due to placing fear….”

Very poor form though, when posting of perceived possible negativities on a stock being ‘allegedly’ held, and posting those negatives immediately prior to the market opening. Very poor form bud.

One could just as easily talk of ‘the impending time’ it will now take for UPL to post their next RNS, seeing how they just released an RNS stating director buys. You then can’t reasonably expect any decent &/or ground-shaking news within a few days of an RNS highlighting directors buying ?

Personally and any thoughts of a placing are misplaced.

“..once the one point is ticked off..” would be reasonable to say that has been completed:

Courtesy of, that Baron is now hosting TL’s heid honchos in front of both political & financial mandarins in the UK.

Cavendish Sept 2023:

“- Valuation: We maintain our post farm-out valuation of Baron at cf90m or 0.45p/share (0.92p/share on a pre-farm out basis), 5.6x the current share price. Unrisked, we value Baron at c£615m or 3.0p/share..”

Trying to remember, was this the same Cavendish report which highlighted ‘can provide 10% of the UK’s LNG requirements’..

Interesting week coming up, with TL head honchos in UK

Appreciated Crofton. Thanks.

If MM’s reckoned there was sufficient market then would be price increases followed by tree shakes.

Suspecting though that peeps are still cautious of Alex’s priorities ? Initially chasing rare earths, then chasing copper, now chasing…

Guessing though that Mr.BHP will now have top priority, on Alex’s latest.. priority list.

Lol, but is very true Mr.S, i know nothing in comparison to HFB and Filthy.

Albeit, i doz know the name of the helicopter service provider that provided the coverage during the initial developments, a decade or TWO ago. And who still operate around the Indonesia region, with the O&G players mentioned below by VisitTimor.

But as yet, we still ain’t on their list of clients. Guessing though we will be getting penciled in.

Lol, but that then could easily be rewritten :

“…Filthy…, roughly at what stage does the pain in your… head… become too much that you have to announce you’re leaving this bulletin board? I wouldn’t want to miss out on all the plaudits and heartbroken posts. Usually a week before you miraculously recover, ego reinvigorated to assault with more of the same tired and exhausting posts…”

Loving all those exclamation marks “yea, yea, yea !!!” Lol.

There is indeed though some interesting coincidences. A wee bit of clarity on some minor points :

Hadron Capital initially had 11% holdings having bought $2M in the very 1st placing of $6M in January 2020. Then in March 2020, AM did another placing of $14M & Hadron’s 11% was now 5%. They then started selling. This was the same Hadron Capital who invested a similar sum of £2M into ARB c.2018/19 at 5p and then stayed with ARB till 2020 having seen the sp rise to £2.80. Hadron were thought to have pocketed c.£40M. With COPL and all they saw was book-builds & AM’s ‘secondary’ placings a week or so after initial placings, where he let his ‘VIP O&G player’ friends in.

AM & Ryan’s lack of any financial planning then saw the following 2 years where an annual RNS was posted, only for yet another placing to be raised less than a month after, & when each RNS had seen massive drops in the sp. Poorly planned financials. On reduced sp.

Did suspect last year that AM’s brutal treatment of Cuda’s creditors, who lost c.$70M worth of loans when AM bankrupted Cuda, might come back and haunt him.

Anyone remember the name of the Cuda CEO, who was accredited with the resurrecting of 7 collapsed O&G companies prior to him unfortunately going into JV with AM in Wyoming ? Just wondering who the engineering consultant is that Anavio recently brought in… Karma perhaps.

“… the company may (if they choose) release the report to interested party or shareholders after they sign a waiver, but to my knowledge COPL never gave any shareholders that option...”

Might be an avenue for RBM to chase.

Certainly ties in their allegations of company impropriety.