Member Info for Eddie563_1

👌🏻

Long day. Just got home from picking up a new to me Tesla from eglandshire 😫

We all seem to forget the slides !!!

Then we seem to start to wish things 🤷🏼‍♂️

Rig was penciled in for us (yes that’s provisionally booked and we could be scuppered).

Our provisional drill slot was pushed out because another operator got their environmental’s which we were hovering over, nothing else has changed.

AB still states early 2025 drill, slides allow that. We have all seen them. Don’t try and speculate otherwise as until an RNS that contradicts that, we would only be wrong.

Stick to the news thus the facts!

There are some that are worth responding to because there could be at least some kind of conversation to be had. But that clown is simply best ignored because it knows nothing never mind why.

Never rule out a placing, although there is cash at bank, but it will never be that low.

That’s just stupidity that needs scrolling past or responding to something else and burying into oblivion.

I agree

In a previous job you had to look at the environmental atmospherics to understand what was really happening and gain a true picture of what was happening behind the scenes.

In this game nothing can be said until it’s 100% done and you have to place all the caveats that it may not happen because of the legal But…..

The atmospherics tell me so much more.

Type of company/asset the investor goes for

We are still ploughing on with all our drill plans

Government are now moving ahead with a new location for LNG facility

All separate streams starting to move all at the same time that have dependencies in the future that if kept on track will interlink at the right time.

It may have been suggested by the Gov on how production would be acceptable from Chudditch to the island as part of the DD questions, which would come to fruition once/if it is found to a have commercially viable flow rate.

Environmentals

Long lead items

Asset investment

More than happy to wait, everything else is happening in the background and Rig was penciled in for us.

I’ll skip pass all your guessing waffle to the end and address your communication piece as you’ve clearly forgotten that there is environmental approval outcome news and operational update on long lead items that will likely be notified to the market. Those are all being worked on currently by the in country team.

These items of news will cause anticipation which will blow your guesswork away so dropping those numbers serve no purpose unless you have an ulterior motive behind doing so?

THE FACTS.

12 Aug 2024 07:00

RNS Number : 0498A

Sunda Energy PLC

12 August 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310

12 August 2024

Sunda Energy Plc

("Sunda" or "Sunda Energy" or the "Company")

Operational and Corporate Update

Board Appointment

Sunda Energy Plc (AIM: SNDA) is pleased to provide an update on its operational and funding planning with respect to the TL-SO-19-16 Production Sharing Contract (the "Chuditch PSC") in Timor-Leste. The Company is also pleased to announce the appointment of Rob Collins to the Board of Directors with immediate effect.

Updates Relating to Chuditch PSC:

Drill Funding

As previously announced, Sunda has been engaged in discussions with a number of potential funding partners with an interest in participating in the Chuditch PSC project. As a result of these discussions, the Company has entered into an exclusivity agreement (the "Exclusivity Agreement") with a privately-owned Singapore investment company (the "Investor"). The Investor, Pacific LNG Operations Pte Ltd, has a track record of value creation in resource projects in Asia-Pacific.

A meeting was held where the exclusivity agreement was signed by all 3 parties!!!!

The Exclusivity Agreement enables a period of mutual due diligence relating to a potential strategic investment into the Chuditch PSC project that would fund the planned Chuditch field appraisal well. It is anticipated that such investment, should it occur, would be through an equity issuance in a Sunda subsidiary company and not at the Sunda Energy plc level.

Yup, pump and dump 101

And what a stupid title for a thread!

Or,

They have been in talks for months to get to the the point where an exclusivity agreement could be signed.

To sign the exclusivity agreement, all 3 parties had to be together to do so........... at your "key meeting"

Now the agreement has been signed, the due diligence can begin as the RNS said so, that is the fact.

The due diligence will take as long as it takes, and it does not necessarily mean it's close, although we would like it to be.

It’s the island changing its plans on where it’s looking to put its LNG facility. (Now strategically thinking differently).

It’s an actual step by the government not just talk.

It’s in a far better location to get the gas to by what ever means is feasibly agreed, especially for Chudditch.

It’s the Chinese, who will make things happen quickly!

Thanks Kylie 👏🏻

Yes it constitutes running low for a country that wants to grow.

At their current budget it’s estimated and has been stated by many different people here a number of times that it will likely run out by 2030 and becomes a failed state, that’s without a lot of the plans they want to do on the island. So 5 years worth of money left given the asset that filled that pot is now done.

Coffee export is only going to bring in so much along with any other resource they can bring online between now and then.

Agreed Filthy, it wasn't my research to share of course, I just perused it in the group, they obviously see something in Sunda that they have seen in other investments that they have made and they must see the gains to be had, just need the DD out the way and the Ink on the paper.

Yeah, i'm not even going to engage in that conversation Ian.

It's a shame you left the telegram group, this was all discussed days ago mate. Your next logical step should be to look at his Son and what he has done/is doing 😜

Yeah was a buy.

👍🏻

Equally the fact that everyone has been happy to be seen together publicly could mean that the DD is simply with the legal team doing the finals on the contracts and the next notification could be just around the corner.

So many experts on these boards that simply although intelligent, don't have a clue because it's all behind closed doors and it will be release and ready when it's ready. Stating October/November (November first, indicating you believe it to be longer) is factually nothing more that a personal stab in the dark, as is my flip of the coin.

What does seem different to all the other agreements I've seen on other shares, is there are smiling faces with the government on this one, why go to that effort if there was not an advanced deal on the table that just needed the legals completing??? If it was simply still in the discussions stage, there would be no point putting them in front of the Minister of Petrolium.

Those appear in all agreement RNS, what is different is not all other RNS are accompanied by social media releases with the government.

You do get some people trying it on don't you 😂

I see what you did there Filthy 😜