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DILI, June 9, 2025 (TATOLI)** - The Minister of Petroleum and Mineral Resources, Francisco Monteiro, announced that international companies are set to submit their technical proposals and financing modalities to the government in July, through the Ministry, of Petroleum and Mineral Resources (MPRM). According to provisional data from MPRM, nearly 200 companies have already expressed their interest in participating in the public tender administered by the ministry, through the National Procurement Commission. The implementation of the megaproject highway will enable efforts to transport petroleum resources from offshore and onshore areas for processing in Natarbora in the future. This will be facilitated through highway connectivity between the Suai Supply Base and the petroleum industry zone in Natarbora, as well as infrastructure conditions such as the Suai airport. The highway serves as a foundation for national efforts to achieve development in the Greater Sunrise field.

https://tatoli.tl/2025/06/09/projetu-tasi-mane-empreza-submete-proposta-tekniku-no-finansiamentu-iha-jullu/?fbclid=IwZXh0bgNhZW0CMTEAAR6XGSq__7x3vrUN_4hbHq54uvE1KLI4Bhk2VbL2EwQVYJRC1lQhwm7JP1ADQw_aem_fUl7R7VQnjcgjPTuvQ5a4g

Agree completely. Cynicism is running riot after GS hasn’t been delivered. Chuditch is the last gasp throw of the dice. Has to be developed. I cannot envisage anything else.

I have my doubts about this tv report. I would want to hear the interview with Andy Butler first. The individual who was critical of this reporting sounds like he’s talking sense. He thinks it’s exaggerated and inaccurate and mere propaganda.

Looks like AB will be sharing the stage on Tuesday 10th June with Timor Gap CEO and Finder Energy CEO. Just after a presentation from Philippines Department of Energy Undersecretary. One would think we should know what the holdup is about regarding the expected Sulu sea licences.

https://storage.pardot.com/126031/1748854222yBj7U80z/APAC_2025_Agenda_02_June.pdf

Thanks Eddie. Good work.

Demonstrate that the total amount of gas in the chuditch field is 3tcf” -Andy Butler.

https://youtu.be/qPRcQ2RGjqs?si=hrc9GsU0YFpURlzL

One very knowledgeable individual wasn’t too impressed with that news report (although not quite up to date with information himself ).

“News from RTTL continues to disseminate unreliable Information to the Public. The news claims: "TIMOR GAP and SundaGas have confirmed discoveries based on studies indicating 1.2 Tcf of gas reserves, and production is expected to advance this year." However, when Andy Butler, the Executive Director of SundaGas, is interviewed in the video, he states something entirely different from the claims made in the initial report. Andy Butler says, "The Chuditch-2 drilling, which is set to take place, aims to confirm the quantity and volume of the Chuditch field." Simply, put, there is still no confirmation of the 1.2 Tcf gas reserves, nor has it been confirmed that production will advance this year. **

[Technical Explanation :Based on the Petroleum Resources Management System (PRMS ), resources are classified into three categories: - * Prospective Resources*:Potential but unconfirmed resources. Contingent Resources: Discovered resources that require further technical and commercial assessments.- Reserves: Confirmed resources ready for commercial production. Only when a field is classified as "Reserves" can we confidently proceed with the commercialisation and production of oil and gas from that field. **Reality**:The Chuditch discovery, made through the Chuditch-1 well drilled by Shell in 1998, was classified as "Contingent Resources," with recoverable resources estimated at 0.7 Tcf to less than 1 Tct. Currently, based on recent studies, the resource estimate has been updated to 1.2 Tcf, but this still requires confirmation through the appraisal drilling of the Chuditch-2 well, which is expected to occur soon, possibly next year. This aligns with what Director Andy Butler mentioned in his recent interview. Additionally, the Chuditch field has two additional prospects: North East Chuditch and South West Chuditch. However, the potential volumes of these prospects are small, less than 1 Tcf, and their viability also depends on the results of the appraisal drilling. ** Summary ** At present, the only confirmed technical data from drilling indicates recoverable gas resources of 0.7 Tcf. No new reserves have been confirmed, as claimed in the news report. The information presented is simply inaccurate and attempts to mislead the public because the current government has failed to ensure the continuation of petroleum operations and activities to capture returns for the Petroleum fund.

Https://youtu.be/3GkE4Xbwga0?si=KXx7SR7RSS9oS4xY

AB’s cheerful disposition is always a good sign. Sunda to the Stars 🚁

We should get his APAC presentation on the website early next week. Would also be interesting to see the Timor Gap presentation. Never know, might have an update on drilling preparations prior to the talks.

Sunda delivering something back to the local community. It’s good to see.

https://www.facebook.com/share/v/1NZDaK2KMN/?mibextid=WC7FNe

Don’t believe a word of any of that.

The share price doesn’t always make a lot of sense either up or down. Big list of announcements coming our way. Executing the drill and fingers crossed, a big result will project this share price to new highs. Makes perfect sense to buy if you can and hold on if you can’t. Don’t sell would be my message.

Of course. The bottom keeps getting lower and my risk threshold has breached. I’m as disappointed as anyone at this share price. It’s up to AB to deliver the goods. We’re waiting.

No ones’s talking about disappointment or even frustration. I’m talking about the gleeful posts when the share price is falling. Talking about those who seem to want even worse and can’t wait to share it. There is a huge amount of optimism surrounding Chuditch and rightly so. Anyone who is a genuine holder will want to express that and not run down their investment. The deal was not ideal but the worst deal was no deal. The drill is a massive achievement. The share price can be transformed upwards by future events. I’m concentrating on those events. That’s why I bought and that’s why I hold. If I thought it was crap, I wouldn’t be here writing on this board. I would be gone.

No. I think it’s just the usual provocation you find in most discussion boards. The type who get a kick trying to worry others. Everyone here knows the risk and is familiar with trading patterns and short lived spikes and troughs. Going through a bad patch but with a lot of positive expectations surrounding the drill and most prepared to sit this out. Might not work out but unseemly to have supposed investors arrogantly mocking optimism and gloating at the sp weakness. It’s boring and nonsensical.

The share price in no way reflects the progress that’s been made regarding the upcoming drill at Chudith. That’s worth waiting for and we can take a look at the share price after the results. The risk and the reward scenario haven’t changed. Things can move quickly in either direction. Most of us care little about how it stands right now. Despite the doom mongering from the usual quarters.

I do remember prior to the funding announcement, a lot of negative sentiment and concern surrounding the delay. A lot of selling and pressure on the sp. Would that not help explain the fall? A jump up to 0.08 on the eve of the announcement and then a poor market reaction after that. Maybe that’s coincidental and it’s been dragged down as you say by manipulation. I’m just curious.

How has it been manipulated? How can you be sure?

Share price has a habit of falling on its own.

I think AB would help matters if he used language, we hope to, we are aiming for, subject to any details etc etc. I’m prepared for further delays. Irritated but if we drill and we don’t lose our rig spot. That’s it. I’m sure he’s privately fuming. The idea you would buy and hold on anticipation of a drill, then sell because it’s been delayed is bizarre. Let’s gets back to the death spiral.