Member Info for feelinlucky

Buyer could offer 'free carry' on their 36% of Dunrobin.....then buy out BOIL's share of licence once drilled and proved up?

RBD upping its stake in Victory license of Corallion...the rest of Corallion's 100% working interest licences are being sold to a buyer but this buyer is also buying the Dunrobin/Inner Moray Firth licence, in which Corallion has a 36% working interest,....so once BOIL are finished analysing the seismic on that we have 3 likely scenarios: 1) BOIL drill and develop themselves with or without farmout partner 2) RBD take a shine to Dunrobin/Inner Moray Firth and buy out or farm in to it (they already like Victory and this is very similar) 3) the buyer of Corallion assets makes a move on Dunrobin/Inner Moray Firth to buy it (not part of the main deal as BOIL still interpreting/processing seismic, but likely to follow)

re. sale of North Sea assets imminent ....hope we follow with Corallion

I believe it's the currency conversion fluctuations you are seeing as it's dual listed

https://www.energyvoice.com/oilandgas/asia/406634/woodside-eyes-browse-and-east-timors-sunrise-gas-as-war-in-europe-tightens-energy-markets/
and https://www.energyvoice.com/oilandgas/asia/406610/east-timors-upstream-licensing-round-disappoints/

Spot-on!......the concern that China is wrapping it's tentacles around TL government and it's political stance and spending priorities...these may not be being made on a common sense business argument but an overly-influential political standpoint ....which may not serve the intended outcome for TL or make sense economically as China, wanting to extend economical power over TL, pushes it towards overspending/unwise spending, not the most business-logical spending in order to 'keep the fish 'on the hook'?

the deep ocean trench that passes to south of TL is essential to sneaking past of submarines past north of Aus...so TL, a small poor and let's face it,undefended, resource-rich counrty is in a very 'hot' position and must make wise descisions or another country could grab it and it's resources without paying

only want military bases not as interested in developing gas and USA military base just opposite in Aus would feel threatened by proximity...if the two were to 'go at it' poor old TL would have the 'carp' bombed out of it and no gas development possible

looks to be in the bag for Santos....which bodes well that they are keen to expand TL interests

still it would be a good thing if the politicians can slap each other on the back and declare their committed friendship whilst agreeing that the new guy 'has to make some changes so that things can progress', whilst remaining in awed admiration of each other's dedication to the progress of the island for the good of the people etc etc.... ;-)) we live in HOPE!!!!

also of why buying a second hand super barge off Shell isn't the best idea (too big and awkward to maintain, and has to be taken off site to harbour if power fails, as without power there is danger to the structural integrity of the very large vessel) I reckon smaller FPSO's are a much better plan to go with.....or series of offshore platforms https://www.energyvoice.com/oilandgas/385203/shells-prelude-flng-to-remain-shut-this-quarter/

a new puppet ruler can be used as convenient cover for an about-face move re. 'processing on island'....change of plan without losing face

...ahead of GMT (@3am now) less waiting for us :-)

I would let Australia take care of all the infrastructure, insurance of infrastructure costs and decomissioning costs, by not processing on the island and going with pipeline to Darwin....and get gas flowing pronto! or if they really don't want to wait for pipeline FPSO's....cashflow is what matters not talk! (and avoid the 'PRESOURCE CURSE' of spending vast amounts on infrastructure before you even have the money is a good tip to a small country)

good move, was expecting this for some time...lots of small oilers have backburner projects they end up dropping when they get more prospective ones ready to take forward... we now have TWO projects that are realistically worth taking forward

them....beware dealing one as with the other

...thought to have substantial stacked assets?

Ta, ....I Mmmmmmmmmay get your drift? turn up time for the herd?

N Sea or TL?

First rule on leaving port.... steer to Starboard! (from Fishermen's Friends the Movie)