Member Info for filthylucre

“Tetragon Energy”

Our financial commitment to the Philippine licences just became less of a problem. Not even a mention on X from Sunda. Be interesting to hear AB’s thoughts on this.

Tarragon is expected to bring focused management and specialized funding to the Philippine portfolio, specifically for Service Contracts 80 (SC-80) and 81 (SC-81) in the Sulu Sea. 

* Consortium Composition: The working interests in the Sulu Sea blocks (SC-80 and SC-81) after the spin-off are:

* Tarragon Energy (Operator): 37.5%

* Sunda Energy: 37.5%

* PXP Energy Corporation: 12.5%

* The Philodrill Corporation: 12.5%

* Project Momentum: The spin-off is intended to accelerate the "revitalisation" of petroleum exploration in the southern Sulu Sea, leveraging a newly capitalised entity to unlock multi-trillion cubic feet (TCF) gas potential alongside the existing partners

Surprised we haven’t had a news release on this from Sunda.

Some positive news on Sunda’s Philippine’s blocks

Triangle Energy are separating its Philippine oil and gas exploration interests—including Service Contracts SC-82, SC-80, and SC-81—into a new, independent company listed on the ASX. This strategy allows Triangle to focus on its existing operations while unlocking value from the new entity's high-impact, prospective gas assets.

Offshore Energy

The company released very positive news on Chuditch and is in a position to release further progress in the coming weeks. It means damn all whether the share price rises or falls in the short term but where it ends up when the entire picture is fully known. The Chuditch drill looks more than likely to happen together with a new portfolio of revenue generating assets and progress ongoing in the Philippine Sulu Sea basins. I’d say Andy Butler is building a company and I’m sticking with it. Risky but pretty exciting right now.

Yes. I’ll agree with that. In fact, it follows now that operational update on drilling timeline, funding status, rig, should follow swiftly. If not days, then weeks. Permit award makes Chuditch drill ready. Get ready.

Goodness me. What year is it?

Important to remember. Sunda Energy will not be drilling commercial wells. Their plan is to prove up the field and sell it on. Pretty much achievable in a decent time scale with appropriate funding. 2026 still very much on.

There may be a delay. A short delay is acceptable to most investors. I don’t believe AB will drag this out. An excellent day. More good news to follow. Investors will be encouraged.

Nothing was achievable without this permit. This is a significant breakthrough which opens the door to further announcements on the drill. A big day for Sunda Energy and the Chuditch project.

Never quite understood that quote. Sounds like a smart move by the seagulls. Bound to be some spillage. I love sardines. Not with the red sauce though. Tesco’s finest in olive oil. Really nice.

Santi, you’ve been holding long. Continuously long. That’s why you’re still here popping your head in now. No one worries more about the share price than you. The old insults about the company when privately you’re desperate for success fools no one. Always the way, the posters shouting the most about how much they don’t care are the ones creaming their pants.

It’s funny. Just relax, you’ll be OK.

Posted one week ago.

Location: Timor-Leste

Job Description:

We are currently recruiting qualified and experienced crew members for upcoming offshore vessel projects in Timor-Leste. These vessels will support offshore oil and gas operations, including transportation, logistics, lifting operations, and technical offshore support. This opportunity is within the Offshore sector and requires experienced maritime and offshore professionals capable of operating in demanding offshore environments. Crew members will be responsible for maintaining safe vessel operations, supporting offshore construction and logistics activities, and ensuring compliance with international maritime and offshore safety standards.

https://oceancrew.org/vacancies/offshore/full-crew/hiring-for-offshore-vessels-timor-leste-southeast-asia_19-02-2026?code=311552&fbclid=IwZXh0bgNhZW0CMTEAc3J0YwZhcHBfaWQKNjYyODU2ODM3OQABHsRB9EnmHhGOXN3wHa1nm1Zatqzvnq4-izJSFTt60EbSIVjdB4lMVnJA9kT__aem_6ZjIYKtkvzB7d6B--A366g#google_vignette

Or, the RNS will set out a clear and viable route to long term growth and success which will provide a compelling reason to hold on to your shares even through many periods of spikes and falls. Then again, maybe a good time to sell. That’s the share price conundrum. We all play the game to win but it’s risky and it doesn’t always work out. I think we could be on to a winner here after years of setbacks and failures. No point in crying if it fails. There never was a guarantee of success.

Is there not a very big clue in the presentation?

* PETRONAS is actively shaping its portfolio, with recent reports indicating it is selling assets and launching new bid rounds (MBR 2026) that include Discovered Resource Opportunities (DRO) and exploration blocks in the Sabah/Sarawak region of the Borneo Sea.

* Strategic Alignment: While the third-party seller has not been publicly named by Sunda, their focus on "material assets in South East Asia" makes a deal with PETRONAS within the Borneo Sea/Malaysia region a plausible fit for their stated goals.

Great presentation. Let’s execute these plans as quickly as possible.

Get that LNG plant built

16 February His Excellency the Minister of Petroleum and Mineral Resources, Francisco da Costa Monteiro and His Excellency the Ambassador of India to Timor-Leste, Madan Kumar Ghildiyal, on Monday, explored the possibility of cooperation in the oil and energy sector.

During the meeting, His Excellency Minister Monteiro presented the potential and discoveries of the offshore oil sector such as Bayu Undan II, Greater Sunrise, Chudich, Kelp Deep, and the onshore area in Covalima and others, including metallic and non-metallic minerals that are currently in the exploration and exploitation phase in Muni.

Regarding the Tasi Mane project, His Excellency Minister Monteiro said that Timor-Leste is open to Indian investors, especially for the TLNG plant, refinery and petrochemical projects and His Excellency Ambassador Madan Kumar Ghildiyal, expressed his availability to share with investors from India, especially to invest in Timor-Leste. in Bayu Undan II and Greater Sunrise.

https://www.facebook.com/share/p/18Cs9Tqi7w/?mibextid=wwXIfr

A week we all badly needed. Plenty more to come.

Decimal point. It really isn’t that difficult.

I’m prepared for significant delays at Chuditch but with both Sunda and Timor Gap appearing to be on the same page in a determination to make it happen, I can live with it. Sunda’s expansionist plans are more than compensation for further Chuditch delays. As long as Chuditch happens. Funding remains the primary concern. The permit will happen. Nothing is ever simple but with AB , his dramatic loan and hopefully a game changing acquisition, we could find success