Member Info for dougb189

88E’s Paul Basinksi (RIP) was central to their cult following. A CEO that named his companies and drills after his favourite wines & was accredited with a lot of the Texas shale boom. A visionary…

COPL with 20 strong Pi LTH who are also following a… visionary .
Lol indeed but it is true.

Is the passiton TA ‘5th wave’ at play ??!

‘BOIL is not the operator, nor do they want to be.’

But only since 2021.
At which point yes, they prioritised on equity investments.

Then raises the question, who is on the board that still retains O&G experience & straight away the name Jon Ford ex-Shell, crops up..

Guessing though that he like myself would very very ‘appily take a back seat if the offer of $1B for Chudditch was given, which then gives BOIL c.thruppence per share. Fingers crossed.

Lol but as guesses go, try :

The benchmark for Chudditch appears to be close to $600M
As per Jarve’s twitter link.

& Using the Shell figures 5.3Tcf x 26% for $300M
gives $300M for 1.378Tcf.

Connoco at that time were driving a flash sale of a lot of their overseas assets which then slightly corrupts their sales figure.

Chudditch best case resource estimate of 3.6Tcf whilst awaiting further CPR
& BOIL’s 75% gives 2.70Tcf, so approximately twice the Shell 2019 figure.
Quite close to $600M (£485) giving c.2.5p
so certainly not too shabby.

These though are the 2018 & 2019 figures from Sunrise next door,
but would still be a good benchmark for any ‘cheap’ offers
that might then tempt the board / shareholders.

And quite correctly is just a guesstimate but with using historical data.

I think we still have some on the board Mike, who might again revert to active NOP status. Not too sure though on Andy Yeo.

Off the charts for revenue sounds good Mr.T!

Darwin appears to have big problems soon, with obtaining supplies for its asian clients. Bayu-Undan adjacent to us is due to close within a few weeks and the Barossa field told to stop developing.

‘partnering’ would be very ambitious..
They’ve previously suggested asset sell off,
so peeps then looking at multiples of 1p.
Staying on as an NOP might then see serious multiples of 1p
say somewhere between 10% & 35% of 3Tcfg.. quite serious numbers.

It makes the Sunrise developments central to here where a major there could take control of Chudditch, laying an extra 100km of piping (very cheap) & then installing a few wells (fairly cheap c.$25M/ea). And that might then be obtained for say 50% of Chudditch & so giving BOIL a retainer 35%

An exploratory well due within 5 months could perhaps see Santos or ENI take a controlling interest. Hinges again on Sunrise.

Wild card?! Might be JP Morgan or similar financial ii.
JPM’s asset division just taken delivery of a new build LNG ship as jv with Shell. Could see similar.

Meg also suggesting a possible modular design:

‘…Willingness by Woodside to re-engage in PSC negotiations with a government that sees local development as a nation building venture could essentially have been tacit acceptance of an eventual greenfield development.

O'Neill confirmed this today.

"The cost of LNG processing capabilities is that you have a longer pipeline (to Darwin) but you just have to build a train and not all the associated green field equipment, which would have to be built in Timor," she said.

"That said, there's been a lot of work over the past several years and things that have been done in the Gulf of Mexico, for example. Look at modular construction."

Modular LNG facilities are typically quicker and cheaper to build and can be scaled up more quickly. She noted Commonwealth LNG, which her company signed an offtake agreement with for portfolio gas this year, is developing its plant this way….’

https://www.energynewsbulletin.net/on-the-record/news/1444335/woodside-will-re-open-the-gas-to-timor-studies%C2%A0

As Ouz points out, it’s rare to see 5 days of consecutive rises,
& is bolstered by some heavy purchases, totalling c.£540k
Bad boyz cartel (as per TG opinions) who are looking at a P&D
or perhaps someone/s looking at a possible catalyst..

Jan 23rd & c.£200k

Jan-23 17:07:57 0.176 5,500,000 Unknown* 9,680
Jan-23 16:36:06 0.175 27,000,000 Unknown* 47.25k
Jan-23 16:35:02 0.176 15,000,000 Buy 26.40k UT
Jan-23 16:31:12 0.176 50,000,000 Unknown* 88.00k
Jan-23 15:47:24 0.1794 24,667,759 Unknown* 44.25k

Jan-24 & c.£190k
24.01.23 16:31:12 0. 18 GBX50,000,000 88,000.00
24.01.23 16:36:06 0.18 GBX 27,000,000 47,250.00
24.01.23 17:07:57 0.18 GBX5,500,000 9,680.00
24.01.23 15:47:24 0.18 GBX 24,667,759 44,155.29

Jan-25 17:08:14 0.187 38,500,000 Unknown* 72.00k

Jan-26 17:08:15 0.21 37,850,700 Unknown* 79.49k

Some recent articles highlighted that TL were actively looking at a ‘modular design LNG plant’ some of which are done by Baker Hughes & by Air Products. Generally quite small around the GM at 1M tons/year each. These would be a quicker solution. Chinese modular LNG systems are reckoned to be able to handle up to 7M tons/year & with Sunrise provisionally estimated at c.4M tons/year, then leaves spare capacity as another export avenue for Chudditch.

Oops, the 30 minutes should read as the last 90 minutes.
Well spotted Mr.S

The last one a buy c.£80k
but the previous 30mins was predominantly sells totalling c.£120k.
MM’s appear to be allowing for some in-depth strength..

Lol, a teaser indeed..
A few bailed in the last 30mins with some big sells totalling c.£120k
But the sp didn’t even blink. A leak ?

Cheers Filthy., counter is always good and if this includes valid negative argument, then so be it. There was though nothing valid in JAllis reasoning other than that peeps should be cautious, this being the market.

Was a good thread similar to this a couple of days ago asking if peeps would accept a buy-out. I think it was passiton who then knocked it on the head saying that Sundagas would get sold off & that BOIL would remain, but is then leading into todays thread of ‘special dividend’. The posts on dividends tax were a bit over the top of this wee guy’s head.

Lol , but from reading the initial thread & was just kinda hoping for a simple step-change… an RNS in the morning & then multi-zillionaire Pi’s in the afternoon rather than have to put with the numerous neurotic posts by somewhat deranged day traders.

Filthy., is wrong in saying “this is silly” at the responses to JAllis, when the lack of any valid argument in any of JAllis posts ‘we had serious bb discussions in November’ that takes no account of the latest engineering assessments of piping direct to TL (only slightly more expensive than hdg south to Darwin) and does not take into account the latest political machinations, which is what has got many Pi’s thinking there may soon be a resolution on the adjacent Sunrise.

To be a wee bit more precise, it is estimated it will then cost $12B to develop if going via Beaco, which is pretty reasonable considering She’ll spent upwards of $17B developing the FLNG Prelude ?!

One export strategy even showed the ‘SM1’ aka Subsea Manifolds..
& of course, not forgetting it was feeding TWO standalone options,
in addition to further TWO pipeline options..

So you have just confirmed JAllis,
that you are not the most observant of Pi’s ?!

As per jme., the MM’s will reject it. But that’ll only be for me and you. The MM’s will bend over backwards if there is an ii putting in an order and holding down the price until any non-compliant MM’s have sold their stock. With an mc >£100M it then tends to get difficult for them to manipulate.

Perhaps though could ask parkez how he then bought his >38.5M shares ?

He states that his trade has not been published ‘nothing showing’ during the time slot that passiton has mentioned is the normal period for the spread bets to then get summed together and published [17:00 - 17:30] & the only way that parkez could then validate his argument is correct is for him to have had a spread bet trade greater than the posted accumulated total of 38.5M shares… otherwise, a smaller trade would then fall into passiton’s theory.

What was you quoted the last time bud …

‘.. just waiting on David Attenborough to report on the lesser spotted TRI's appearance..’

lol. & the fingers are crossed.