Member Info for filthylucre

MD, the helicopter fiasco is well known but how could we have booked the rig with no environmental permit in place? We’re still waiting. The rig is sold.

Considering the knocks shareholders have taken in recent times, this board remains an oasis of optimism and civility. Remarkably so. Long may it continue.

No argument. Opinions. No stress. Regret but keeping the window open for a turnaround. I’ve been here since Gold Oil. You get a little jaded.

I’m about 80% down. I’m struggling with my faith and possibly need an amazing unexpected and share changing news announcement to still believe.

CDF, spare a thought for those holders (vast majority) whose average is much higher than yours. Those holders who you would describe as genuine holders who didn’t sell and didn’t have the luxury of re-entering at these levels. Much more difficult to be optimistic of ever getting their money back let alone making a profit. Thats where most of us. Knee deep in the red.

This terrible share price unchanging and untroubled is sucking the life out of even the most optimistic holder. Trying to think of what might propel us forward but coming up a blank. Three times this price is still useless and no doubt will ignite the sellers. The company messed up and we need a reprieve to stem an exodus. I’ve considered taking a monumental loss and trying another share myself. Never thought I would think like that after all this time but what the hell.

We’re caught in a trap. I can’t walk out.

Two major issues. Can we get funding and can TL do a deal with Woodside? If so, can TL develop large and complex infrastructure onshore, pay for it and bring it in without years of delays. Apart from that, this is easy.

Dili, 12 Agostu 2025

His Excellency Minister of Petroleum and Mineral Resources, Francisco da Costa Monteiro presented the policy on the development of the oil and minerals sector in a television program promoted by the Ministry of the Presidency of the Council of Ministers and RTTL, E.P... and this program will be broadcast in September this year, on all accredited media institutions in Timor-Leste. The talkshow program began with the development of the South Coast and His Excellency the Minister of Petroleum and Minerals presented the government's strategic focus on the creation of facilitating infrastructures such as Suai airport, Highway, Suai Supply Base that will allow the industrialization of the petroleum sector in Natarbora. For the development of Greater Sunrise, it also refers to the conclusion of the study for the selection of the concept by the company Wood which confirmed that the pipeline from the Sunrise Field to Natarbora is a technically viable and commercially better option. It also updates the legal and contractual framework such as the Production Sharing Contract, the Petroleum Mining Code and the Tax Regime that will help development in the South Coast. In addition to Greater Sunrise, the government continues with the development of the Bayu Undan Field through the Carbon Capture and Storage (CCS) program, together with other fields such as Chudich, Jahal Kuda Tasi and others, to ensure gas production and also bet on onshore oil exploration, contributing revenues to the state. The strategic vision for the coming years according to His Excellency Minister Monteiro, is to ensure the development of the oil and minerals sector to contribute significantly to revenues to the state, boost job creation and socio-economic and also project for the energy transition in the future.

https://www.facebook.com/share/p/16zFuBhA6a/?mibextid=wwXIfr

We might get a proactive interview later. That might give the update a little more shine.

The more I read about the Philippines blocks, the better it gets. A big win for Sundagas if a little long term.

Philippines Oil and gas industry receiving attention. New wells in the Malampaya gas field and Triangle Energy lined up to gain two gas blocks in the Sulu Sea.

https://bit.ly/4lFpLmu

Oil & gas found in the Philippines: What you need to know. Other potentially huge fields has been earmarked within the country’s “undisputed” territories — such as Sulu Sea and parts of the Celebes Sea, in the vast seas off southern Philippines.

https://lnkd.in/gpHhSGVD

Offshore Philippines Satellite Oil Seeps Prospectivity

https://www.linkedin.com/posts/cl%C3%A9ment-blaizot-297192129_exploration-energy-satellite-activity-7310276817901309954-y3-G?utm_source=share&utm_medium=member_ios&rcm=ACoAABH65KoBJzcC1pLX5i3mwzbCvbjspz8sRBc

Looking at the picture of Andy and Gerry with the minister. The love in is back on. There was never any choice really but it needed to be said. Helicopter aside, we were never going to have the environmental permit in time for the rig. I find it strange this is never mentioned and surely a gaffe on the company’s side. This RNS is good news and needed saying. Maybe not share price moving but should calm a few nerves going forward.

Dili, 08 Agostu 2025

Ministry of Petroleum and Mineral Resources together with institutions such as ANP, I.P., TIMOR GAP, E.P., ANM, I.P., MRT, E.P. and IGTL, E.P., presented the proposed General State Budget for 2026, to the Budget Review

Commission - KRO, with a value of about 50 million US dollars, based on the budget ceiling distributed by the Ministry of Finance. However His Excellency Minister Monteiro admitted the need for an increase of nearly one hundred million US dollars to finance a mega strategic project in Tasi Mane, which can help collect revenues for the country in the long term, but the fixed value of the increase will be published after approval in the Council of Ministers. Regarding priorities for 2026, MPRM and its trustees continue to bet on the continuation of oil and gas exploration onshore and offshore (Jahal Kuda Tasi, Chudich and others), securing and taking pipelines from Bayu-Undan and Greater Sunrise which are in the negotiation phase for the Mining Code and ensure the implementation of the Suai Supply Base and the Highway.

The tendering process for Suai Supply Base has entered the final phase, from technical evaluation will proceed to commercial and Highway in the phase to open technical proposal.

https://www.facebook.com/share/p/16uEdLU18C/?mibextid=wwXIfr

I think patience isn’t a word I would use. Years of patience is enough. It’s run out. I’m hoping for a run of luck. Of unexpected positive developments and a turnaround. But I’m done with patience.

Or... we could have a very busy next couple of months.

The Philippines News could be tomorrow but certainly very soon. We could announce new exploration bids.

Woodside might make a decision on Greater Sunrise. A new funding deal could be ready and waiting to go. The company and AB will be keen to claw back some credibility and I don’t believe they will settle for stasis and continued share price decline.

Reposting the Energy Circle article. Greater Sunrise is a game changer and Woodside have never sounded as agreeable to a TL pipeline as they do now. Hard to see them walking away with engagement in the negotiations continuing to progress.

Sunda Energy acknowledging progress on Greater Sunrise on their LinkedIn page, repos

Should do some research on this guys. It’s over 2 Tcf,

Sunda Energy’s wholly owned Timor-Leste subsidiary SundaGas Banda Unipessoal Lda. (“SundaGas”) is the Operator of and 60% interest holder in the offshore Timor-Leste TL-SO-19-16 PSC. The remaining 40% interest is held by a subsidiary of the Timor-Leste state oil company Timor Gap, E.P., whose interest is carried by SundaGas to development.

Timor-Leste is moving forward with its LNG ambitions.

On July 28, Minister of Petroleum and Mineral Resources Francisco da Costa Monteiro met with Julie Fallon, Executive Vice-President at Woodside Energy, to discuss the Greater Sunrise gas fields and the Timor-Leste LNG option — now seen as the most commercially and strategically viable path.

🤝 Both sides committed to work together under good faith, collaboration, and shared goals.

The talks were followed by a two-day visit to the South Coast — from Suai to Natarbora — to see existing infrastructure and future sites for LNG processing, petrochemical, and refining facilities.

🛠️ Negotiations are ongoing between Timor-Leste, Australia, and the Greater Sunrise Joint Venture partners (TIMOR GAP, E.P., Woodside Energy, Osaka Gas Co., Ltd.) to finalise the legal and fiscal frameworks for the project.

This initiative will be a cornerstone of Timor-Leste’s industrial future — boosting infrastructure, creating jobs, and driving sustainable growth.

https://www.linkedin.com/posts/the-energy-circle_timor-leste-is-moving-forward-with-its-lng-activity-7358216323350388736-p-d3?utm_source=share&utm_medium=member_ios&rcm=ACoAABH65KoBJzcC1pLX5i3mwzbCvbjspz8sRBc

Julie Fallon (Executive Vice President Technical & Energy Development at Woodside) on LinkedIn.

This past week, I had the privilege of leading a large Woodside delegation to Timor-Leste, which even after all my time in the industry was a new highlight. 

I was extremely honoured by the warm hospitality extended to us by His Excellency President José Ramos-Horta, Prime Minister Xanana Gusmão, and Minister of Petroleum and Mineral Resources Francisco da Costa Monteiro. Our visit was an important step in deepening our collaboration with the Government of Timor-Leste as we work together to progress the development of the Greater Sunrise fields. We appreciated the opportunity to see firsthand the preparations and aspirations of the Timorese people for a potential Timor-Leste LNG development on the South Coast, where the Timor Government is pursuing its Tasi Mane Project, which aims to include a supply base at Suai and LNG plant, refinery,and petrochemical complex at Natarbora. The positive sentiment from the community and the strong engagement from national leaders reaffirm the shared commitment to unlocking the benefits of Greater Sunrise for Timor-Leste. I look forward to sharing further updates in the future.

https://www.linkedin.com/posts/julie-fallon-5586a17a_this-past-week-i-had-the-privilege-of-leading-activity-7358040807020400640-AURC?utm_source=share&utm_medium=member_ios&rcm=ACoAABH65KoBJzcC1pLX5i3mwzbCvbjspz8sRBc