Member Info for filthylucre

This might provide a clue. If you’re fluent in the language.

https://m.youtube.com/watch?v=gzFQ0wVfp1A

I find it hard to believe both sides don’t know the contents of the Wood study. Are they signalling now in advance a compromise agreement which satisfies the TL demands whilst offering just enough for Woodside to proceed?

Woodside Keeps Options Open for Greater Sunrise Gas Project off the Coast of Timor-Leste.

Woodside, Timor GAP's partner in the Sunrise Joint Venture, reaffirmed its open stance regarding the development options for the Greater Sunrise gas project, located about 140 km south of the coast of Timor-Leste.

Meg O'Neill, Woodside's CEO, cited by the oil and gas industry specialized information platform

Upstream, acknowledged that the company "does not have a preferred concept" for Greater Sunrise. "We are open," she added, noting that only "figuring out what is the best way to move forward with development is necessary, so the conceptual study work is continuing." O'Neill further emphasized that "the concept study is to ensure that all involved - the joint venture companies, the Timorese government, and the Australian government... all are working from a common set of facts, and then we can use those common facts to support a decision on the best way to develop this asset." Since April, the British company Wood has been leading an independent conceptual study for Greater Sunrise, aiming to identify the most advantageous development solution for all involved parties. This study, whose conclusion is scheduled for the end of the year, evaluates options for engineering, technology, financing, and commercial structures, as well as analyzing fiscal, environmental, health, and safety, and socioeconomic factors. The development of Greater Sunrise and the coming of the pipeline to Timor-Leste's south coast are national priorities, essential for the country's future economic growth and development. The Government will continue to evaluate the best strategies to develop the project, ensuring that it proceeds sustainably and brings significant benefits to the nation and the region.

No one is denying that. We canand should listen to words very carefully. They give us a clue as to where we are in the process. You would be a fool to not draw encouragement from the description finalising. The presentation and its contents bode well for some very significant progress.

I’m feeling faint from permanently crossed digits. Totally agree we need the security of funding. Nobody understands that more than Andy Butler.

Yes, we can take more delays. The drill and the rig are pushed farther out.

Meadow. That’s the point of my post. They could have said rig negotiations and funding continues. Maybe careless use of language on their part, but finalising means largely agreed and pretty much there. There are some, maybe many, who worry the funding is very much up in the air. I’ll jump all over the word “ finalising” with gleeful abandon. Because I’m both mad and desperate.

From the updated presentation: Building an Asian Gas Champion. Language around development and funding is encouraging.

Preparing to drill key well in Q2 2025. Finalising funding.

Successful appraisal well expedites development planning. LNG or standalone LNG development at Chuditch. Multiple development funding options.

Rig negotiations ongoing, funding being finalised.

It’s absolutely true. We have an organised group within the Telegram group to thank for giving this company new impetus and a better board. I watched it unfold. They deserve huge credit.

Every increase in the share price is demolished. Is there any energy company out there which has maintained a sustained share price rise? I’m hoping we can go on a journey and break this cycle of boom and bust.

The GS report must in some way align with TL ambitions and persuade Woodside to go along with its findings. Chuditch may have alternative arrangements away from a pipeline for future development. Every gas field will benefit from Greater Sunrise development with the associated infrastructure onshore. I simply don’t know about the politics of all this. We really need more information.

I think shafting the traders will give me more joy than a handsome return on my investment.

All we need now are environmental permits, a rig booked, wide ranging funding agreement with generous terms, Greater Sunrise deal, Sulu Sea blocks award and new projects. We could see 0.09 again.

Huge. Green light for Greater Sunrise creates the perfect backdrop for Sunda and prospective partners. Just hope the study finds a way to please both parties

Minister of Petroleum and Mineral Resources alongside overseeing institutions such as ANP, IP, ANM, IP, TIMOR GAP, E.P. and MRT had an audience with the National Parliament to present the proposal for the 2025 State Budget and also the strategic program for 2025. For the year 2025, the Ministry and its overseeing institutions propose over 64 million US dollars (including ANP, IP and IGTL IP in their own free balance system) to finance priority programs such as the development of Greater Sunrise, institutional functioning and development, policy development and implementation to ensure Timor-Leste's participation in the sector, implementation of offshore oil projects in the South Coast of Timor-Leste, and exploration and investigation of mineral resources and geology.

Minister of Petroleum and Mineral Resources stated that the strategic program for 2024 is almost fully

implemented, despite some delays in tendering for some components of the Tasi Mane project such as the required realignment of the road from Zumalai to Natarbora and adjustments to Suai Supply Base related to the changes in petrochemical installation and refinery from Betanu to Natarbora, but he guarant that the bidding for start soon. During the audience, the parliamentarians asked about the progress of Greater Sunrise, and the Wood Company had almost finished selecting the study concept, and the joint venture company (TIMOR GAP, E.P., Woodside, and Osaka Gas) would report to the government to make a decision. Minister Monteiro stated that the negotiation of three documents, namely the mining code for petroleum, Production Sharing Corconct (PSC), and fiscal regime for the treaty is in its final stage.

https://www.facebook.com/share/p/14g1gdDM7E/?mibextid=WC7FNe

I note today the DOE Philippines have started handing out the awarded Coal contracts from the coal/ petroleum blocks bidding process. So, Sulu sea blocks award could be very close.

Santos inks LNG supply deal and irons out details for new partner at gas field offshore Timor-Leste

Australia’s energy giant Santos has signed a new mid-term liquefied natural gas (LNG) supply contract with Glencore Singapore (Glencore) and hammered out a deal for the divestment of a partial stake in an offshore gas project with Timor-Leste’s national oil company, TIMOR GAP.

https://www.linkedin.com/posts/capgrow-pte-ltd_santos-inks-lng-supply-deal-and-irons-out-activity-7255072683959181314-74g5?utm_source=share&utm_medium=member_ios

Moreover. There’s a new🔧 in town.

MD, if Sunrise is delayed or put on hold due to a no deal scenario, surely that means Chuditch are free to develop their own way and with greater urgency. If Sunrise is given the green light, Chuditch has more options available.

Jelly, you are entitled to your opinion. You give it often. It is without fail nearly always negative and more annoyingly accompanied with attacks on the integrity of those in charge. Operational difficulties, delays are always personalised. That’s how you feel. It seems over the top to me. As a working spanner, I need to respond. Let’s call this off. I apologise for my abrasive language and you keep going. I don’t control anything. Least of all this board.

No but a failure to develop GS will setback the burgeoning oil and gas industry and will impact us negatively. I have asked that question on this board. Eddie put it to AB and the answer was No.