Member Info for filthylucre

Certainly CCS is of vital importance. Chuditch itself has been touted as a possible location for CCS.
Getting the gas from Chuditch to Timor via modular LNG is according to Sundagas very doable. How much of this is tied into the bigger picture of Sunrise development, I’m not sure. ANPM certainly appear to wrap them all as one in their dealings with international companies. Or do they? A pity Andy Butler couldn’t be more involved. Movement of some sort appears to be on the cards and an investor with deep pockets could take out Boil at any moment.
I think, I’m turning Japanese, I’m turning Japanese, I really think so.

Agree with that. I suspect with O Neil’s U turn statement, TL will now double down on their preferred option. It’s up to Australia to move.

Interesting to note Horta has previously said he was confident Sunrise would be developed, possibly in tandem with the Abadi gas field off Indonesia. Japan's Inpex Corp, operator of the Abadi gas project, declined to comment on Ramos-Horta's remarks.
Inpex is leading the investment into Indonesia's Abadi LNG project that had previously been expected to cost around $20 billion.
The purpose of the recent meeting with APNM was: (translation)
“To present to INPEX the Strategic Plan linked to the oil exploration power in the Timor Sea related to the development of the industry in the South Coast of Timor”
This meeting has been kept quiet for over a month. Possibly released now to put pressure on Woodside ahead of their meeting with Timor Gap.
Speculation on a mild Saturday morning.

Also met with Osaka Gas (net $6 billion) on the same trip. (Inpex, net $18B).
Japan has been mentioned as a possible investor with Soares berating Woodside. Who knows?
The word potential. Means a lot. Also means nothing.

May be of little relevance to BOIL, but simply to pass the time. Noted a meeting between ANPM/ Timor Gap with the company Inpex Global. In Japan, Oct 22.
Translation: “INPEX has a plan for the future with the potential to invest in the oil sector in Timor Leste”
Inpex, leaders in the field of LNG technology and currently working with Santos on CCS.

Should be a fun meeting with Woodside next week. East Timor has had enough.

You can call me filthy

They could do. But it makes more sense, politically and economically to work with your closest neighbour who have a significant presence in the area. Anyway. Big meeting next week. It appears Woodside do not want to lose operational control. Pressure is on.

Victor Soares said that the statements are "a good sign", stating that he hopes to make progress in the negotiations next week when a visit by a Woodside team to Timor-Leste is expected.
“The Woodside team will travel to Timor-Leste next week. Let's sit down at the table, with Timor GAP and its peers”; stated.
“It is the first time that they have shown this openness, of sitting around the table and discussing this option. It is a good sign for the people of Timor-Leste”, he said.

O'Neill told investors that the modular LNG [Liquefied Natural Gas] processing facilities are now cheaper and faster to build than in the past and could be used for potential project development in Timor-Leste.
The company official said that Woodside has once again put the development of the Greater Sunrise and Browse fields on the agenda, citing the need for a long-term supply of natural gas, especially in Asia.
So far, the company has insisted that gas processing be done in Darwin using a pipeline that already exists in the Timor Sea and that was 'fed' by the Bayu Undan well, whose production is now about to end.
The company, stressed O'Neill, “now recognizes the importance of an onshore development in Timor-Leste for the development of the country”, so Woodside reopened the dialogue on the potential options for developing Greater Sunrise.

This is why I think we might see a resolution

Timor GAP wants to replace Australian oil company as Greater Sunrise operator

?Dili, 02 Dec 2022 (Lusa) – The Timorese state oil company Timor GAP, majority shareholder of the Greater Sunrise consortium in the Timor Sea, has communicated to the Australian Woodside its intention to replace it as operator of the project.
According to sources linked to the process heard by Lusa, the matter was discussed at an internal meeting of the consortium last week, during which Timor GAP confirmed this intention to Woodside, which, days later, announced a change of position on the development of the project, admitting the possibility of building a gas pipeline connecting to Timor-Leste.
Victor Soares, Minister of Petroleum and Mineral Resources, confirmed to Lusa that the matter "is on the table" and that it was discussed at the last meeting, stating, however, that the decision rests exclusively with the consortium partners.
“It is on the discussion table, but we will try to overcome this situation. The two Governments, of Australia and Timor-Leste, will only have a tripartite meeting with only one operator”, he explained.
“This is an internal matter of the consortium and that must be concluded between them. The Governments of Australia and Timor-Leste will facilitate only so that they can reach a consensus”, he explained.

Urged today by Lusa to comment on the case, the president of Timor GAP, Antonio Loyola de Sousa, refused to give any details, sending statements for later.
It was also not possible for Lusa to obtain a comment from Woodside.
It should be recalled that the Timorese oil company Timor GAP owns 56.56% of the capital of the Greater Sunrise consortium, in which Woodside (which is formally the operator) also participates with 33.44% and Osaka Gás with 10%.
The permanent maritime boundary agreement between Timor-Leste and Australia stipulates that the Greater Sunrise, a shared resource, located 150 kilometers from Timor-Leste and 450 kilometers from Darwin, will have to be divided, with 70% of the revenues going to Timor -East in the case of a pipeline to the country, or 80% if the processing is in Darwin.
On Thursday the head of Woodside admitted, in a conversation with investors, that she is reconsidering the possibility of a gas pipeline from the Greater Sunrise fields to the south coast of Timor-Leste, in what represents a turning point in the company's position, following position of the government of Dili throughout this process.

Over the years we’ve looked at several different shapes for Greater Sunrise. We carried out technical studies to understand the feasibility of crossing the gap” in the Timor Sea, said the company's executive director, Meg O'Neill, at a meeting with investors, reported the Energy Voice portal.
“These studies have always indicated that, with the right will, the right engineering, the right execution plan, this work could be done. The challenge was econo

Absolutely it would. That’s a lot of “if this and that happens”. My take on it, and only my opinion, is, the entire region benefits with Australia and Timor cooperation to pipe or liquefy gas. The decision is close. The share price needs a boost. Right now.

I think you’re correct. However, you can be sure if Australia walks away from Greater Sunrise, our share price will be hammered. Hence the Baron Oil tweet. They know just how crucial this is.

It would now appear that the future development of Greater Sunrise and with it our Chuditch prospects is in the hands of Australia. It’s a bizarre situation. Australia can green light this at anytime. Certainly, decision time is drawing close. Further high profile meetings very soon. Will have a huge bearing on the sp, one way or the other. Recent noises give me some optimism.

https://en.tatoli.tl/2022/12/02/woodside-reopens-talks-on-potential-development-concepts-for-sunrise-in-timor-lestes-onshore/15/

That’s hardly PR. Simply posting a link which has been all over twitter and beyond for the last 24 hrs. No comment from the company. They might very well argue the conference presentation video on YouTube tells us everything we need to know.

https://en.tatoli.tl/2022/12/01/australia-greater-sunrise-development-in-onshore-tl-depends-on-joint-ventures-decision/17/

Meeting today with Steve Bracks and Timor officials. Sounding very positive and more meetings involving Woodside coming up.
Maybe real movement is starting to happen.

DILI, 1st December 2022 (TATOLI)
The Australian Government is committed to the development of the Greater Sunrise field. This, in the
words of Steve Bracks, Australia's Special Representative for the Greater Sunrise Project is mutually beneficial and commercially viable for Timor-Leste and Australia.
"It is a very important project for Australia. We want to see Greater Sunrise move forward to be economically viable and to be a productive contributor to the economy of Timor-Leste and to Australia", informed Steve Bracks, on the sidelines of the meeting with the Minister of Petroleum and Minerals, Victor da Conceição, accompanied by the President of the National Authority for Petroleum and Minerals (ANPM),Florentino Ferreira, in Bebora, Dili.
Steve Bracks praised the work done by the Timorese Executive to advance the project in question for the common interest of Timor-Leste."We want to see the project come to fruition in the best possible way and, obviously, work in cooperation with all parties to make it happen" he guaranteed.
The Minister of Petroleum and Minerals, Victor da Conceição, defended, in turn, the development plan for the Greater Sunrise project in Timor-Leste. "We maintain our position and the project development plan must be in Timor-Leste. We have made several efforts and, so far, the dialogues between the two governments on a series of documents for the development of the project are going well. These documents include the Mining Code.
The official also declared that the Timorese and Australian executives agreed that the discussions would be completed soon, as next week the Woodside representative will visit Timor-Leste to discuss the development of the Greater Sunrise project "The negotiations will take place if the two countries mutually agree, if there are differences of opinion, we will continue to have discussions until a solution is found and an agreement is signed. I am certain that the joint venture companies will present proposals, carry out discussions and economic and technical analyzes to reach a decision", assured Steve Bracks. Victor da Conceição also informed that the meeting with Steve Bracks had the objective of carrying out consultations with the Timorese leaders, the President of the Republic.

Nothing on it

Thanks Davies, that’s an excellent find and very encouraging.

Apologies. Multi-bagger certainty . Back to 0.2’s by Friday. Is that better? Or maybe, cannot hold 0.16 for five minutes. I’m invested. Hoping for great things but I’m realistic about the risks and currently frustrated and concerned about the intractable negotiations surrounding Sunrise development. I would have thought most investors would share those concerns. Or maybe we just kid ourselves it’s all plain sailing from here on in. Grow up.

That’s a disappointing update on Greater Sunrise. No breakthrough on the horizon and the same arguments repeated over and over again. Time is running out. Renewables gaining strength and a future moratorium on new O&G exploration can’t be ruled out. Another year of extreme weather events could soon change thinking. Especially with the Australian public.
Timor Leste government officials seem to be pretty good at being photographed attending meetings. Getting out of official cars like Reservoir Dogs in their flashy suits and shades. Nothing ever gets done. Meanwhile the population lives in abject poverty. The whiff of corruption is strong with this lot.

Andy Butler met directly with Timor’s President Horta last May. An opportunity to show how Sundagas can make a positive contribution to the East Timor economy.
Excellent close relationship with the political leaders.

https://stlnews.co/nasional/horta-sorumutu-ho-ceo-sunda-gas-andy-butler/