Member Info for filthylucre

That’s the spirit.

Look, I don’t want to feed the detractors. It’s human nature and common sense to talk up your investment rather than find holes in it. We wouldn’t be happy if AB released every problem and behind the scenes difficulties to the market. We’d rather it was quietly resolved and a successful outcome was then released.

Actually. I disagree. If I saw that article, I wouldn’t post it. I would happily hide it with my investment in mind. Of course big problematic issues will come to the fore but something like that doesn’t need to be heard.

Not sure why you would want to post that. We have enough negatively from agitators already.

The minister’s interview is on YouTube but not in English. We can hear Bayu Undan Chuditch gas development plan mentioned but no translation.

https://m.youtube.com/watch?v=HXWbnoog6E4

This could well be worth catching.

Exclusive interview on: Government policy for Sector development of Petroleum and Minerals.

Minister Petroleum and Mineral, Francisco da Costa Monteiro. Live Streaming Tatoli 20-03-2025. 10-11. OTL

Planned activity in Timor Leste for 2025 is on the rise. As Sunda Energy works towards proving up gas reserves with the drilling of the upcoming Chuditch-2 appraisal well, Finder Energy progresses its plans to develop the Jahal and Kudi Tasi oil fields and Woodside Energy once again turns its eye to options to progress development of the long-stalled Sunrise giant gas field, the future looks bright for Timor Leste. Throw in the Santos operated Bayu-Undan geological storage of CO2 project, targeting FID this year, there is much to attract further interest in this prospective region. For these current operators and those companies looking to partner in potential projects a relook at opportunities in Timor Leste, involving known fields and the untapped exploration potential across the proven petroleum systems, is gaining more attention.

Ascendience Geoscience Pty Ltd has a long involvement in Timor Leste spanning nearly 35 years. Whilst we are a new start-up, Dr Mark Lisk, our chief geologist, formally led R&D programs developing methods to mitigate trap integrity risk in the Northern Bonaparte Basin for the CSIRO, Australia’s National Science Agency, for 10 years, before joining Woodside Energy in the mid-2000s.

I found the article riveting, insightful and even possibly a game changer. The main reason being I posted it.

Let’s move on.

What about the length of time required to assess and drill these deep water wells? I’ve seen eight years mentioned. None of us will be hanging onto our shares if Timor Leste comes good. Philippines is too far away. I can’t get interested until we have achieved our goals at Chuditch. Good assets for the company but I’ve been here too long as it is.

The networking event in Perth last week (which Sunda Energy attended). President of Timor Gap talks of new licences and new partners in the near future. Conversations around Chuditch and Greater Sunrise encouraging with things moving apace on infrastructure onshore. [Thirty minutes in].

https://www.facebook.com/share/v/18qiR4tSA4/?mibextid=UalRPS

MT. A good point. I’m simply viewing this from a shareholder point of view. A C2 appraisal success would make the company and its percentage slice extremely attractive. The proviso being development plans onshore actually taking shape.

The company can grow exponentially but can do nothing on its own. We all know that. Money out. Zero revenue in. The needs of the TL population. Andy’s high risk dream of a building a major energy company. Mean nothing. Happily see a take over at a decent price. Right now. This risky baby isn’t fun to own.

Worth rereading battingforbuler’s post. Results from pipeline feasibility study and award of environmental permits required to close any funding arrangement . Probably a May/June drill following Valeris 247 Jadestone drill. Time yet for big announcements. Fantastic to see a bounce in the share price and hopefully a portent of bigger news imminent.

𝗛𝗶𝗱𝗿𝗼𝗸𝗶𝗻𝗲𝘁𝗶𝗸 𝗔𝘄𝗮𝗿𝗱𝗲𝗱 𝗯𝘆 𝘁𝗵𝗲 𝗠𝗶𝗻𝗶𝘀𝘁𝗿𝘆 𝗼𝗳 𝗣𝗲𝘁𝗿𝗼𝗹𝗲𝘂𝗺 𝗮𝗻𝗱 𝗠𝗶𝗻𝗲𝗿𝗮𝗹 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀 𝗼𝗳 𝗧𝗶𝗺𝗼𝗿-𝗟𝗲𝘀𝘁𝗲 𝘁𝗼 𝗖𝗼𝗺𝗺𝗲𝗻𝗰𝗲 𝗦𝘂𝗿𝘃𝗲𝘆 𝗖𝗮𝗺𝗽𝗮𝗶𝗴𝗻 𝗶𝗻 𝗡𝗮𝘁𝗮𝗿𝗯𝗼𝗿𝗮 🇲🇾🇹🇱

Hidrokinetik Technologies Sdn Bhd marked a major milestone en route our expansion into the Asia-Pacific region in Timor-Leste country with the award of the “Natarbora Bathymetric, Metocean & Topographic Survey” project in Timor-Leste. This prestigious contract, awarded by the Government of Timor-Leste Ministry of Petroleum and Mineral Resources, reflects Hidrokinetik’s dedication to delivering innovative, high-impact solutions for the sustainable growth and development of the nation, following a successful completion of Geophysical Survey Campaign in the country with TIMOR GAP.

The contract signing ceremony was held at the Minister’s office in Dili on Monday, 10 March 2025, and was attended by representatives from the Ministry and Hidrokinetik’s Board of Management. In the meeting prior to the signing moment, His Excellency Minister of Petroleum and Mineral Resources of Timor-Leste, Mr. Francisco Monteiro has appreciated Hidrokinetik's excellent work to have completed a massive task in the Suai area in the previous project with TIMOR GAP, E. P. And with the new assignment at hand, His Excellency Minister expects Hidrokinetik to maintain the quality of the work at the highest level and help the country to develop furthermore in the oil and gas sector by delivering excellent project management with a safe manner. It is truly an honor indeed for Hidrokinetik to have become an integral part of Timor-Leste’s rapid ongoing growth in the oil and gas sector, as we contribute to the development of infrastructure through high-quality, accurate geo-data. This project not only strengthens Hidrokinetik’s position as a trusted partner in the region but also emphasizes our commitment to local involvement, empowering knowledge, and technology transfer.

https://www.linkedin.com/posts/hidrokinetik-technologies-group_natarbora-timorleste-ministryofpetroleumandmineralsresources-activity-7307712214151376897-QIZL?utm_source=share&utm_medium=member_ios&rcm=ACoAABH65KoBJzcC1pLX5i3mwzbCvbjspz8sRBc

A Geoscience called Mark List writing on LinkedIn:

Having mapped the Chuditch gas field in offshore Timor Leste a few times over the years I'm looking forward to the planned Chuditch-2 well. Originally drilled by Shell in the late 1990s this gas field encountered around 1 TCF of gas with high CO2 content of 18%. Ambiguity around contamination of the gas sample gives considerable room for this number to be discounted. For new operator Sunda Energy Plc a lot of hard work reprocessing the seismic has led to upgrades in the volumes. With a series of satellite low-risk "bumps" surrounding the field the opportunity for more success and project volume growth looks promising. Fingers crossed for a high-side outcome that could lead to another commercial field development in Timor Leste.

Ascendience Geoscience Pty Ltd has a multi-client regional charge and trap integrity study covering all Offshore Timor Leste that points to considerably more potential, especially for oil where many undrilled traps exceed the likely minimum economic field size threshold for commercial development.

https://www.linkedin.com/posts/marklisk_uk-listed-indie-sights-singapore-investor-activity-7307604362074169344-GgAL?utm_source=share&utm_medium=member_ios&rcm=ACoAABH65KoBJzcC1pLX5i3mwzbCvbjspz8sRBc

Nothing exciting. But, post it anyway.

𝐌𝐈𝐍𝐈𝐒𝐓𝐄𝐑 𝐌𝐎𝐍𝐓𝐄𝐈𝐑𝐎 𝐌𝐄𝐄𝐓𝐒 𝐖𝐈𝐓𝐇 𝐒𝐏𝐀𝐍𝐈𝐒𝐇 𝐃𝐄𝐋𝐄𝐆𝐀𝐓𝐈𝐎𝐍 𝐓𝐎 𝐃𝐈𝐒𝐂𝐔𝐒𝐒 𝐄𝐍𝐄𝐑𝐆𝐘 𝐀𝐍𝐃 𝐈𝐍𝐅𝐑𝐀𝐒𝐓𝐑𝐔𝐂𝐓𝐔𝐑𝐄 𝐂𝐎𝐎𝐏𝐄𝐑𝐀𝐓𝐈𝐎𝐍. 𝐃𝐢𝐥𝐢, 𝟏𝟑 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟓

His Excellency the Minister of Petroleum and Mineral Resources, Francisco da Costa Monteiro, met with a Spanish delegation led by His Excellency Ambassador Francisco de Asís Aguilera Aranda. His Excellency provided an overview of the nation's reliance on petroleum revenues from fields such as Bayu-Undan and Kitan over the past two decades and emphasized the government's strategic focus on developing downstream industries. This includes refining and petrochemical projects under the Tasi Mane Project, a comprehensive initiative encompassing port facilities and highways designed to attract foreign investments in these sectors. The Minister highlighted the significant potential of the Greater Sunrise gas field, noting its capacity to transform Timor-Leste's economic landscape, and also mentioned other promising fields, including Bayu-Undan, Kelp Deep, and Chuditch, thus highlighting the government's commitment to processing these resources in Timor-Leste to maximize economic benefits.

https://www.facebook.com/share/p/19QcLkHhzC/?mibextid=WC7FNe

She’s just a naughty boy. He’s been rumbled. Panicking now, I’d say. Expect a market reaction tomorrow am. 😊

Betting. I’m sure you’re not the man. That would be ill advised. I’m betting you might have a connection. Excellent post.

Waiting for someone to say it. We all see it.

If you were Andy Butler and you’ve become exhausted dealing with anxious and angry investor’s queries surrounding funding. You’ve read that very same frustration expressed on this discussion forum. Might be a clever idea to find a way of letting everyone know what’s holding up funding and roughly when news might be expected. Like creating an account on this forum and posting a message using words taken from a recent interview. Then again. Surely not?

I can see why people leave this board.

Nothing like sticking your head in the sand and pretending everything is fine unless of course you’ve been trading the share all along.