Member Info for EyeGuy

Well have to see. Looking good though. Re rate in progress

That’s still 3-4p per share

That’s from 14 months ago

HOUSTON – ConocoPhillips (NYSE: COP) today announced it has entered into an agreement to sell to the government of Timor-Leste its 30 percent interest in the Greater Sunrise Fields. The total sales price of the transaction, which is conditioned on the government receiving funding approval from the Timor-Leste Council of Ministers and National Parliament, as well as regulatory approvals and partner pre-emption rights, is for $350 million, prior to customary adjustments. Proceeds from this transaction will be used for general corporate purposes

They have circa 400 BCF net with geological success at 100%. It’s also a shallow target.
NPV should be 100’s millions dollars.
And then we know that neighbouring plays snapped up. I think this is just the start

LB- yep. Bet you wish you were hammering the buy button at 0.11.

https://www.baronoilplc.com/projects/timor-leste-tl-so-19-16-psc/

offer could come in at $300 million. lets see

aron Oil Plc (AIM:BOIL) is pleased to announce that it has updated its website (www.baronoilplc.com) to include information on the TL-SO-19-16 PSC (the "Chuditch PSC") that has been derived from publicly released reports on the area prepared by Shell Development (Australia) Pty. Ltd. ("Shell") in 1998 and 2001 following the drilling of the Chuditch-1 discovery well. This well, was drilled in 64 metres water depth in a total of 25 days for US$8 million and encountered a 25m gas column in the Jurassic Plover formation on the flank of a faulted structure. The reports include estimates of gas in place and percentages recoverable that were defined by Shell's internal analyses and are therefore not compliant with the 2018 SPE PRMS Prospective Resources standard

25% of this. Value? COS 100%
Key Points for the combined Chuditch, Chuditch North and Chuditch South closures ("Greater Chuditch") within the Chuditch PSC:
· Total gross estimate of Mean gas in place (GIIP) of 2,320 BCF
· Gas recovery expected by Shell to be in the range of 55% to 75%, leading to gross estimates of Mean recoverable gas of 1,276 to 1,740 BCF, considered by Baron to be Prospective Resources
· Risks associated with trap, reservoir and charge for the Greater Chuditch closure were considered by Shell to be zero (that is, the Geological Chance of Success is assumed to be 100%), remaining uncertainty being on the volumes in place
Baron intends to invest in the Chuditch PSC project through its entitlement to a one third shareholding in SundaGas (Timor-Leste Sahul) Pte. Ltd. ("SundaGas TLS"), equating to an indirect net 25% interest in the Chuditch PSC.
Dr Malcolm Butler, Executive Chairman of Baron, commented:
"The information from the Shell reports gives a clear indication of the substantial potential for hydrocarbons within the Chuditch PSC and the reason that Baron has maintained its entitlement to invest into SundaGas TLS since 2016. Now that the Chuditch PSC has been confirmed and the guarantee bond posted, the work programme over the next three years is designed to further define the size of the Greater Chuditch accumulation and the potential of nearby untested prospects, through seismic reprocessing and drilling, in order to formulate plans for commercialisation. The figures computed by Shell clearly indicate the size of the potential prize.
"Much has changed in Timor-Leste since the late 1990's, including the declaration of independence in 2002 and ratification of the Maritime Boundary treaty with Australia in 2019. In addition, gas markets have grown tremendously in Asia Pacific and, in the Timor Sea region, gas infrastructure and associated LNG facilities have been established."

https://www.offshoreenergytoday.com/shell-exiting-greater-sunrise-fields-sells-stake-to-timor-leste-for-300m/
Shell sold off its part of the license for $300 million.
Conocco phillips sold 30% for $350 million
http://www.conocophillips.com/news-media/story/conocophillips-announces-agreement-to-sell-interest-in-greater-sunrise-fields-to-government-of-timor-leste/

still a big value discrepancy imo. could go well and truly bonkers.

im still here. took some more today

another 100% tomorrow very possible

And I’m not being quiet. I’m loving it. 1p soon imo

Well I bought at 0.13 so I’m right.

??? Depends what it has risen from and what the perceived value is.
Churditch appears analogous with recent transaction of $300 million. Mcap £5 million. Can you not see that?

I love the “experts” predicting sp fall.
They are not experts. They are jealous non holders.
Not too late. Could still see multiple pence here

Could still go up 20 fold from here

Funny how people who don’t post here come on and say placing. Like they are experts. If they were that good they would have bought shares before the rise after researching. They didn’t.