Member Info for filthylucre

It’s not guaranteed but it’s a very strong bet in an area where they desperately need a major gas producing field. Compared to Peru and Gold Oil this feels very straight forward and possibly very enriching. Difficult to see anything other than a successful drill.

Good news. When you’ve waited years, an extra month or two means nothing. The rainbow chasers might bail. The death spiral enthusiasts might post the end is nigh but most of us will quietly wait.

Panic over. July moves to August. More importantly the contract will be signed.

A big result from the appraisal well and who knows the billionaire might come back with our thirty percent in mind.

It looks very like him. That was obviously 2024 conference. Maybe the beginning of the PLNG connection which sadly petered out.

Timor Gap shortlisted for conference National Oil Company award. (that Andy Butler gets everywhere)

This category is awarded to an NOC that has driven particularly successful collaboration with international or regional partners and aims to celebrate the importance of partnerships in unlocking potential in the energy industry.

https://energycouncil.com/articles/apac-awards-2025-shortlists/?utm_source=linkedin&utm_medium=social&utm_campaign=apac25-6wo-awards-nominees

Australia’s foreign minister, Penny Wong welcomes TL joining ASEAN. “It’s firmly in Australia’s interests for our friend and near-neighbour, Timor-Leste, to be fully integrated into the region’s economic and security architecture. The decision to admit Timor-Leste as the 11th ASEAN Member State in October is therefore great news for Australia and Timor-Leste alike! I look forward to working hard to ensure that Australia continues to provide valuable support for Timor-Leste’s accession and participation in ASEAN”

I put it to AB , if GS remains stalled, does this put on hold the onshore development plans with a knock-on effect for Chuditch? He remains adamant, No. Chuditch and the development plans push ahead. No one is in any doubt though, a GS agreement would turbo charge the process. Get the impression development plans are still subject to negotiation and change when it comes to a commercially viable Chuditch field. We need a C2 result to shake things up a bit. Upstream is a subscription only site so can’t access the interview. Headline is ambiguous: Meg O'Neill tells Upstream the Sunrise LNG project is complicated by dual-government negotiations, but remains a growth engine with Browse and Louisiana LNG.

Timor Gap participated in the World Gas Conference 2025 in Beijing. No doubt showcasing Chuditch. Also at the conference Meg O Neil gave an interview to Upstream confirming little progress on Greater Sunrise. Mired in difficulties. Chuditch it is then.

Jugger previously mentioned this. Skua well coming in ahead of schedule. “If” this is our rig. We could be on for a July drill.

Skua-11ST well operations ongoing, to accelerate recovery of reserves from the Skua structure and extend the economic life of the Montara field by one year. Results expected in June 2025.

https://lnkd.in/eKjR3VAi

DILI, 22 May 2025 (TATOLI) - The Government of Timor-Leste has appointed Avelino Maria Coelho da Silva and José Manuel Gonçalves as Timor-Leste's Commissioners to the Greater Sunrise Supervisory Board, a key body overseeing one of the country's most significant energy projects. The duo will represent national interests in the multi-billion-dollar energy project. They were appointed by the Minister of Petroleum and Mineral Resources, Francisco da Costa Monteiro, following authorization from the Council of Ministers — marking a key step in advancing the Greater Sunrise Special Regime, part of the landmark Maritime Boundary Treaty between Timor-Leste and Australia." The appointees, acknowledged for their integrity and extensive experience, will represent Timor-Leste in strategic decision-making, in collaboration with the Prime Minister and the Minister of Petroleum and Mineral Resources, to uphold the national interest and ensure the proper implementation of the Treaty."

https://en.tatoli.tl/2025/05/22/coelho-and-goncalves-appointed-as-commissioners-to-greater-sunrise-supervisory-board/21/?fbclid=IwZXh0bgNhZW0CMTEAAR7Ma6ouI3BS3wv_F1-HYtAgqYUgs63Ykje9hg2XyfbTWAkHp8HBBSLCFGIP8g_aem_q3aDsHjboRScLmvRty5twA

But…..flagged up in advance?? Anyway. Strong bounce today. Bring on some news. AB carrying a big responsibility. Imagine the attention this will get if Chuditch is everything we imagined and more. Never mind company making. Country making.

Eddie. Give us a clue. No idea what you’re on about.

With GS talks showing little progress, the Chuditch well now takes on huge significance not just for Sunda but for the TL government and their south coast development plans. I emailed AB about this. Part of his reply, “The government is keen to push ahead. This is true of all aspects of the south coast plan. I don’t see Chuditch as held hostage to the GS situation, although we’d all like to see progress there. I believe government is pursuing alternative routes so that they themselves have choices beyond GS”.

Let me just edit your message, Tommy. The big difference here is, eventually the prize will be great when the drill starts and they haven't just raised 9 million $ "to keep the lights on. Good post.

MD, I’m not annoyed. I was exchanging views. Yours is perfectly valid. A pall of gloom has descended on the board. I’m trying to see positives. We have goodness knows been waiting long enough, and our patience is at an end. That’s it. Share price is ugly and we hope for better.

He didn’t have to dilute. He could have taken a substantial reduction in percentage of Chuditch or delayed the drill for goodness knows how long. I’m glad he took this option which opens the door to a substantial increase in the share price if the C2 well is positive. Timor Gap will expedite the commercialisation of Chuditch and build pipelines. Future funding can wait until we see what chuditch reveals. . We have the perfect partner in Timor Gap. To have any chance of one day reaching something substantial it’s necessary to give up something first.

Too many calculations going on. Too many assumptions made. I’ll never trade shares. I can’t be bothered. I have assembled a pot of 42 million shares. I like the potential, leadership and the new urgency. I’m going to sit back, watch the share price flow and wait for C2 results. Despite the current disruption, I remain confident long term.

It’s pretty good Meadow. We have thirty percent of a huge gas field. We have an excellent relationship with the TL government and we could be drilling in about ten weeks. We traded a CLN loan in return for something potentially company changing. I’ll take that all day long.

Nope. Double that and possibly. Better we start hearing about drilling preparations and less about CLNs. I note the twitterati bitterness is in full swing. Just sell, leave and shut up.