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One wonders did he address the helicopter issue in this interview.

https://youtu.be/i5wdL7yzQCU?si=vJDeTlfbI2fqXNTp

I had to look that one up. Very interesting turn of events over there. Anything is possible right now. The word acquisition comes up a lot. Santos /ADNOC gets mentioned a lot. Maybe goodbye Timor is on the cards.

CDF, I’m sure AB appreciates your incredible support. This wouldn’t be the first share to pull things around in a major way. You’ve bet big. Keep your nerve.

Thanks for the reply. That’s a bizarre watch. Crazy dive. Crowd watching an almost suicidal dive. A metaphor for us right now. On TL, they are very unlikely to change direction. Sunda knows it and they cannot get involved in local politics as AB has already said. We answer to them. The last thing we need is a poor relationship. We need Chuditch, the pipeline, the drill and their development plans to work. Otherwise, I may quit now. Wrong share. I was looking for renewed optimism and confidence moving forward on Chuditch mark2. I suppose he’s limited in what he can say. Past the point of recrimination now. I want to see progress. How it happens I couldn’t care less. The wider picture is outside the remit of Sunda Energy and its investors. I hope share holders left the meeting with something to hang on to.

I’m still in. Sometimes you’ve got to take a leap of faith.

Thanks for the feedback SH. “Company is preparing its response to our JV partner to restart the ball rolling”. What exactly does that mean? Was future funding discussed. An air of optimism from our CEO looking ahead?

SL, just reading your post now. Thanks for that. You certainly get fast and detailed responses. His comments are pretty reassuring. Nothing to see here. Eddie, yes, I could book a flight. I decided not to. Always think these type of meetings are geared more to those who can attend via road or rail.

It certainly is and CDF could have made the investment choice of the year. We all hope so. It is in bargain basement territory for a reason. My worry would be we are starting to see the first murmurings of discontent from the TL population about the entire petrochemical policy. Driven by the failure to deliver on Greater Sunrise. Villages being raised to the ground for infrastructure development with no certain economic benefits. Chuditch caught in the crossfire. So many questions for Andy Butler. Wish I could be there. Definitely need to see a breakthrough on Chuditch working in harmony with Timor Gap and hopefully a surprise partner.

Timor Gap were showcasing their offshore blocks at the Tokyo Energy summit a matter of days ago. They can easily throw these recommendations in the bin. Until we hear such the uncertainty will grow. Is the government speaking with one voice on Chuditch or are they pulling back on their involvement?

This is what happens when you have delays. The vacuum is filled with stuff like this. A drill now would have turned this report into irrelevant nonsense with a positive result.

A clear commitment to Chuditch now and in the future from Timor Gap will settle nerves and improve our share price.

Are these helicopters real? Things are becoming a little clearer. Are am I losing it?

A financial monitoring group. Simply that. Can be easily countered.

Before committing to further investments: " The government must prioritize fiscal prudence as its main principle. Every decision on public investment should be based on comprehensive feasibility studies, not merely on optimistic projections," he emphasized . CGT-TL ( Core Group Transparency Timor-Leste) is also committed to continuously monitoring and overseeing investment processes in strategic sectors such as oil and gas, ensuring that national development policies are implemented fairly, transparently, and sustainably.

Could just be a pressure group against oil and gas.

https://www.facebook.com/share/1Air7bAT1H/?mibextid=WC7FNe

Yeah. But it’s out there and if it’s not shot down. Well, then. What’s going on?

The Chuditch Field remains unclear regarding its proposal. Without a strong study, this project could increase vulnerability to the General State Budget (OJE) and national economic stability "** said the Coordinator for CGT-TL, Jemicarter Monis dos Reis, during a press conference in Caicoli this Wednesday. The organization also highlighted that Timor GAP has yet to generate its own revenue and remains entirely dependent on the state budget for operations. Therefore, decisions regarding investments in large-scale projects must be carefully considered.

Earlier, in December 2024, the Government of timor-leste → Timor-Leste"> Timor- Leste, through the Ministry of Petroleum and Mineral Resources (MPRM), signed a Memorandum of Understanding with Timor GAP and SundaGas regarding the development of gas resources in the Chuditch PSC (Production Sharing Contract) area. The memorandum outlines plans for developing the gas field through the drilling of the Chuditch-2 appraisal well, as well as the export of gas via pipeline to the Bayu-Undan facility and subsequently to a planned LNG terminal located on the southern coast of Timor-Leste, specifically in Natarbora. Although the gas potential in this area has been previously announced through technical reports, CGT-TL emphasizes that the country's financial commitment should not proceed without concrete results from technical testing. CGT-TL reminds that while the development of the oil and gas sector is crucial for the future of national energy, a rushed approach without valid data and transparency poses risks of increasing the country's fiscal burden. They urge the Government to wait for the results of technical studies and an assessment of commercial viability .

Company must respond to this stuff.

The Civil Society Network, through the Core Group Transparency Timor-Leste (CGT-TL), has expressed concerns regarding the planned development of the Chuditch gas field. CGT-TL considers the project to carry significant fiscal risks and urges the need for further review before the government proceeds with deeper commitments under the public-private partnership scheme. In a press release issued today, CGT-TL highlighted the government's decision to invest through the state-owned company Timor GAP, in partnership with SundaGas an state-owned c, for the exploration of the Chuditch gas field as well as the development of gas facilities at Bayu-Undan. According CGT-TL, the project lacks clear technical and economic justification, particularly concerning the certainty of existing gas reserves.

Gets to a point where disappointment turns to weariness but I’ve invested too much to lose interest. The asset is still there and still in play.

I still get the feeling they have been approached by a previously interested third party. Something is being hatched in the background.

Agree. Possibly pilots union up in arms about their patch. The need to assert independence with GS talks stalled. Whatever. We are inextricably linked to TL and it should be our USP not an impediment to progress. Preempting this stuff is what counts. Credentials checked well in advance. Let’s see if a better deal can rescue our share price.