Member Info for filthylucre

Pictures on Facebook (private account) of the second public consultation held today. Let’s hope Timor Gap and Sunda have patched things up.

Timor-Leste Sailors Association (AMTL) Participates in Public Consultation on the Declaration of Environmental Impact and Environmental Management Plan for the Chuditch-2 Well Drilling Project, organized by the National Petroleum Authority of Timor-Leste, SundaGas, and TIMOR GAP, E.P.

Strategically, this is about diversification — ADNOC gains exposure outside the Middle East, in a stable regime, non-OPEC, non-conflict gas exposure with direct access to Asian markets. For Santos, this offer arrives at a critical juncture. With multiple capital-hungry projects and investor pressure to unlock value, deep-pocketed backing from ADNOC could unlock long-stalled growth. For ADNOC, this is in line with their aggressive growth plans," said Kaushal Ramesh, vice president, gas and LNG research, at Rystad Energy. What ADNOC really wants is the LNG assets, since they are inside the Asia Pacific basin. Since their plan is to expand in LNG, they will want assets close to where the future of demand lies," Rystad's Ramesh said.

https://lnkd.in/g2qhffP6

𝐌𝐈𝐍𝐈𝐒𝐓𝐄𝐑 𝐌𝐎𝐍𝐓𝐄𝐈𝐑𝐎 𝐌𝐄𝐄𝐓𝐒 𝐉𝐀𝐏𝐀𝐍’𝐒 𝐌𝐈𝐍𝐈𝐒𝐓𝐄𝐑 𝐎𝐅 𝐄𝐂𝐎𝐍𝐎𝐌𝐘 𝐀𝐍𝐃 𝐈𝐍𝐃𝐔𝐒𝐓𝐑𝐘 𝐀𝐇𝐄𝐀𝐃 𝐎𝐅 𝐋𝐍𝐆 𝐂𝐎𝐍𝐅𝐄𝐑𝐄𝐍𝐂𝐄 𝐓𝐨𝐤𝐲𝐨, 𝟏𝟗 𝐉𝐮𝐧𝐞 𝟐𝟎𝟐𝟓

His Excellency Francisco da Costa Monteiro, Minister of Petroleum and Mineral Resources of the Democratic Republic of Timor-Leste, met with His Excellency Muto Yoji, Minister of Economy and Industry of Japan, during a courtesy visit ahead of the LNG Producer–Consumer Conference in Tokyo. Minister Monteiro outlined Timor-Leste’s strategic outlook on energy development, highlighting the country’s intention to fully utilise its cumulative recoverable gas reserves, estimated at approximately 10 trillion cubic feet, over the next decade. Minister Monteiro described Timor-Leste’s efforts to position itself as a reliable gas producer and invited the Government of Japan to encourage Japanese investors to explore LNG and petrochemical opportunities in Timor-Leste. Minister Monteiro added that Greater Sunrise remains a priority but not the only available resource, referencing Chuditch and Kelp Deep as additional offshore opportunities.

https://www.facebook.com/share/p/1B3gUabhXh/?mibextid=WC7FNe

A rather disheveled AB engaging with the Energy Minister overseeing the licence awards.

The Ministry of Environment, Natural Resources, and Energy (MENRE) of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) proudly participated in the Asia Pacific (APAC) Energy Capital Assembly 2025, held on June 9-10 at the Pan Pacific Hotel, Marina Square, Singapore. DOE Undersecretary Alessandro O. Sales delivered a comprehensive update on the Philippine energy sector, focusing on the country’s oil and gas landscape. His presentation covered the Philippine Power Outlook, recent regulatory issuances from both the DOE and MENRE-BARMM, and progress in petroleum service contract applications.

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

I’m bored reading my own posts let alone others. Time for a break. Lovely weather.

I want to see Chuditch ASAP. This is exhausting. Pull a funding rabbit out of the hat and bring some cheer to us all.

Not as if the government are in a rush

FRETILIN criticizes weak budget execution and warns of an imminent fiscal crisis.The government must explain about our Bayu-Undan well which is dry, and the Greater Sunrise negotiation process that is not yet certain, so that the entire population can follow along.

https://www.facebook.com/share/v/1Bv7jyvujQ/?mibextid=KsPBc6

I would caution against running a major social media campaign against our partners. No matter what you think. This could rebound on Sunda. We need a positive working relationship or else we won’t be working there. Questions at the AGM on this for sure. But TL needs Chuditch and we still have it.

Worth taking this section from oiltdr’s post.

“ they seem relaxed about funding. Since the CLN there have been parties approach them about follow on development funding in the hope of getting in early pre drill. They believe , although they have not tested, that these can be expanded to cover wider appraisal early next year. Given the CLN was done in a rush when the terms re timeframes from their preferred party were unacceptable they believe they have plenty of time to come to a much better funding deal when there back isnt up against a 2 week wall (which is what they were left with to stay on track)”

Looks like oiltdr’s post was accurate. He mentioned some good stuff. I’m here for Chuditch. Other assets would be welcome but I’m not going to live that long. I would hope Sunda still have a good working relationship with Timor Gap. Nowhere without it. HelicopterGate. I suppose better than Dressing gown Gate.

Agree. Might have precipitated tearing up the agreement with Timor Gap. I just hope we are back on track and can reset and even get a better deal.

Thanks SL. Is the refusal not coming from the TL side?

Anyway, a total shambles and here we are

Not in English. But Minister emphasising Chuditch.

“The government continues its efforts to explore the Chuditch field and other petroleum fields in order to generate income for Timor-Leste”

https://youtu.be/g7cflgYM_c8?si=qAebw1er_AuFREos

The share price is capable of recovering very quickly if the market gets a sniff of a new improved deal and financial security. The extended delay might be part of discussions with a third party. A lot doesn’t add up. Too much talk of a helicopter when an environmental permit was nowhere near ready. Why that was left so late is beyond me.

It’s an interesting post Houston if a little too much on the excusing side when it comes to the delay. Zero criticism. We had one job. Get the well drilled in 2025. The deal wasn’t perfect, but it got us over the line. That’s everything. Who knows what might materialise externally over the next year. Greater Sunrise cynicism. A change of regime. Finder Energy pulls off a great deal to drill offshore. With our ex engineer. In stark contrast. Still hoping we turn it to our advantage and find a top partner. A way forward and a decent share price. Too easy to get used to these lows.

All those posts about the Petroleum Minister meeting with the foreign minister of Tonga about possible collaboration in the oil and gas sector. Surely, they can’t of been for nothing.

Easy on guys. Nobody stops anyone posting. His post isn’t written in a fashion which would change opinions dramatically. It’s low key but positive and very open about direct contact with the company. That is bizarre in the extreme to share on a public chatroom. I would love to know more. Don’t get the flying visit. However positive share price moving news is what we need. That’s what counts. Today is a low point in so many ways. I had such high hopes. Hanging by a thread.

Oil trader. Why so evasive? Stick around and share your opinions. It’s a mixed bag of emotions and generally good natured on here.

Meadow. His previous posts impressed me greatly. However the deal has unraveled and he promoted it with great enthusiasm at the time (as did I). Im prepared to take some succour from tonight’s post because it feels genuine and more importantly I’m desperate.

That post is very welcome. Thanks for sharing. Desperately hoping we see a bounce tomorrow. Plus that huge buy( ?) is highly unusual.