Member Info for filthylucre

Maybe coded language for “ there’s a big investment in Chuditch on the cards. But I’m sick of hearing about Asian gas demand. We know. It’s great. Give us something closer to home.

So good. I said it twice. I hate this bloody platform and its ads dissolving posts.

Howey, thanks. Follow a few FB pages of relevance and these updates come to you. No effort required. This day, of all day, Sunda post a dreary and long winded report on X on Asian gas demand. Get the two governments joint statement and Wood Report findings on your X site. Ridiculous decision making.

We need funding off course but Sunda doesn’t exist in a bubble. We needed this as well. Fantastic back drop to future operations on Chuditch.

Hoey, thanks. I agree. It really a bigger story for Sunda that even the company might want to admit. Strangely, they have commented often on X about GS progress but today they choose to post a long winded report on Asian gas economics.

https://x.com/sundaenergy/status/1871118570568003907?s=46&t=4OhPIlkjr64BSxzsR8hkIw

The market reaction may be muted because GS advancement indirectly impacts Sunda. But good news on GS is good news for Timor Gap, for Timor Leste, for the construction of LNG plants and pipelines and investment and everything else gas and energy related. Long term, this is great news and Sunda will benefit.

Thanks Kylie. This is really significant. Icing on the cake. Sunda Energy and Chuditch in a great position. Wonderful news for Timor Leste and their future.

Hard not to see Greater Sunrise development next year with a TL destination. Just need to hear from Woodside with both governments pushing for TLNG. A game changer for any gas exploration Timor based company.

STUDY CONFIRMS THE VIABILITY OF THE DEVELOPMENT OF GREATER SUNRISE IN TIMOR-LESTE

The independent conceptual study of the development of Greater Sunrise, conducted by British company, Wood, between April and November 2024 confirms that the option of developing the project in Timor-Leste is feasible and the most advantageous for the country, ensuring significant economic and social benefits. The study evaluated four main development options - Timor-Leste Liquefied Natural Gas (TLNG), Darwin LNG (DLNG), Ichthys LNG and a new LNG facility in Australia.

All options were considered technically feasible, with their associated risks, but all were feasible. The TLNG option stands out for predicting lower operational costs (OPEX) and, by allowing for better overall, direct and indirect returns for Timor-Leste, will create a major socio-economic impact in the country. This option also predicts a greater positive impact on Gross Domestic Product (GDP) and job creation, being equally the one that presents the highest returns for the Greater Sunrise Development Consortium (Sunrise Joint Venture). According to the study, TLNG will also enable better upstream direct returns for Australia. Wood, with extensive experience in liquefied natural gas feasibility studies globally, used rigorous criteria to analyze engineering, technology, financing, commercial structures, as well as fiscal, environmental, health and safety, and socio-economic impacts. The Prime Ministers of Timor-Leste and Australia, Kay Rala Xanana Gusmão and Anthony Albanese, respectively, in a joint statement issued last Saturday, December 21, reaffirmed the commitment of both countries "to ensure that the development of the Greater Sunrise fields in the Timor Sea provides long-term benefits for the people of Timor-Leste." "To support the aspirations of Timor-Leste and to maximize the economic and social benefits of its people, the two Prime Ministers agree that the way forward is the development of Greater Sunrise in Timor-Leste," adds the joint statement.

https://www.facebook.com/share/p/17bw6odkES/?mibextid=WC7FNe

Got on a lucky one, Came in eighteen bags to one.

I've got a feeling, Next year's for me and you.

Happy Christmas.

Ties in nicely with the MOU signed with Sunda on development of Chuditch. With Timor Gap meeting Petronas and travelling to London to talk to Crown LNG. Will this help bring a funding deal closer?

Worth noting:

Australia and Timor-Leste look forward to continuing to work with the relevant commercial parties towards our shared objective of realising the development of the Greater Sunrise project.

Recognising Timor-Leste’s ambition to create more employment opportunities, the Australian Government is also making an unprecedented investment in Timor-Leste’s work force. The Timor-Leste-Australia Labour Mobility and Skills Partnership will provide nearly $50 million over four years to equip more Timorese workers with job-ready skills. This investment will include funding for a new recruitment and training centre in Dili, a boost for high-quality English language training, and enhanced access to Australian-recognised qualifications. Through this Partnership, Timor-Leste and Australia will work together to support Timor-Leste’s goal of enabling 10,000 Timorese workers to take up employment opportunities in Australia by 2027-28, including through the Pacific Australia Labour Mobility scheme. These efforts will have a particular focus on semi-skilled positions.

The Prime Ministers of Timor-Leste and Australia look forward to the opportunity to mark these significant initiatives in-person in the coming year, as a demonstration of the commitment of both countries to the development of Greater Sunrise and the strength of the bilateral relationship.

This is all over TL media. Everyone is just shopping or wondering who can we trust on this board when posters are cheating with multiple identities. Bringing the entire board into disrepute. Thanks to the poster for alerting us.

But. Australia and TL in agreement on GS. Woodside must surely feel obliged to accept. We know Timor Gap will. This looks transformational.

Some commentators on LinkedIn 👌

The Australian Government has proposed to make a significant investment in Timor-Leste’s future through the establishment of a dedicated #infrastructure fund, capitalised from part of Australia’s share of future revenue from the Greater Sunrise project.

Read more about the commitment, which could deliver billions of dollars to the Timor-Leste infrastructure fund over the life of the project, making it a nation building initiative https://lnkd.in/gQVNRMnN

This is incredibly positive news just before Christmas!

In the joint statement between The Prime Minister of Australia and Timor-Leste I am gladdened to see the first shape of how the financial revenues from the Greater Sunshine development will flow onto transforming the Timorese economy.

This deal means better healthcare, better education, but more importantly a better businesses environment that will create more and sustainable jobs.

My congratulations to our and the Timorese government for brokering these important initiatives. My sincere thanks to my good friend the Hon. Steve Bracks for all you have done and continue to do for the people of Timor-Leste.

Future development of Chuditch just got an enormous shot in the arm. The right place, right time slogan is exactly where we are. TL and Australia together creating a new energy environment. The stakeholders must surely take the offer up.

A deal looks on. Great news.

𝐉𝐨𝐢𝐧𝐭 𝐬𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭 𝐛𝐲 𝐭𝐡𝐞 𝐏𝐫𝐢𝐦𝐞 𝐌𝐢𝐧𝐢𝐬𝐭𝐞𝐫𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐃𝐞𝐦𝐨𝐜𝐫𝐚𝐭𝐢𝐜 𝐑𝐞𝐩𝐮𝐛𝐥𝐢𝐜 𝐨𝐟 𝐓𝐢𝐦𝐨𝐫-𝐋𝐞𝐬𝐭𝐞 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐂𝐨𝐦𝐦𝐨𝐧𝐰𝐞𝐚𝐥𝐭𝐡 𝐨𝐟 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚

Presidency of the Council of Ministers Spokesperson of the Government of Timor-Leste Ninth Constitutional Government

https://www.facebook.com/share/p/1Exmudb7P8/?mibextid=WC7FNe

HIS EXCELLENCY KAY RALA XANANA GUSMÃO

PRIME MINISTER OF THE DEMOCRATIC REPUBLIC OF TIMOR-LESTE JOINT STATEMENT

Befitting the close relationship between our countries, Australia and Timor-Leste are pleased to announce important new initiatives to support Timor-Leste’s economic development.

Australia and Timor-Leste are committed to ensuring that the development of the Greater Sunrise Fields in the Timor Sea delivers long-term benefits for the people of Timor-Leste, consistent with the historic Treaty Between Australia and the Democratic Republic of Timor-Leste Establishing Their Maritime Boundaries in the Timor Sea (the 2018 Maritime Boundary Treaty).

Over the past two years, Australia’s Special Representative for Greater Sunrise, the Honourable Steve Bracks AC, has worked closely with the Australian and Timor-Leste Governments and the private sector to create the conditions for the development of this strategic resource.

To support Timor-Leste’s wishes to secure long-term economic growth, improve living standards and diversify its economy, Australia has proposed to make a significant investment in Timor-Leste’s future through the establishment of a dedicated infrastructure fund, capitalised from part of Australia’s share of future revenue from the Greater Sunrise project. Australia would establish the infrastructure fund to support any commercially viable solution proposed by the commercial parties which had been agreed to by the States consistent with the requirements of the 2018 Maritime Boundary Treaty. It is estimated that a successful project could deliver billions of dollars to the Timor-Leste infrastructure fund over the life of the project, making it a nation building initiative.

Australia and Timor-Leste look forward to continuing to work with the relevant commercial parties towards our shared objective of realising the development of the Greater Sunrise project.

Funding aside and I hope it’s close and meets our expectations, 2024 has ended in an incredibly positive note for Sunda Energy and Timor Leste in general. So much is happening and coming together in the right way, it’s difficult at times to keep up. I’m looking forward to fireworks. Early 2025 and beyond. Never straightforward but this is a great bet.

I agree Hubstar. Things are falling into place very nicely but damn it, O&G exploration is one slow process. I doubt very much if I’ll be holding this share if Chuditch ever does go commercial. The journey there should see enough of a price rise.

For those Timor watchers out there. Timor Gap CEO give a one hour interview just a few days ago and Chuditch gets a mention or two. Unfortunately no way of translation. Captions and all.

https://www.youtube.com/live/4wa81_nJu4o?si=SQVNeGTzdHe7BeYk

I wouldn’t go that far. Funding is absolutely critical to Sunda and an announcement is keenly awaited. Found this local news item which is more informative than most on the GS situation.

https://youtu.be/Wg0Gk32Lu8Q?si=zqpSHVNgVXSZ9uDG

Hub. I would be hoping for a contract to build a pipeline and LNG plant. ASAP.