Member Info for filthylucre

OK. I thought you were hinting at something a bit more interesting.

Sometimes the like button on LinkedIn can throw out a few clues. Example. Recent LinkedIn Proactive post headlining Sunda funding update. Liked by the Head of Investment Division, Banco Central de Timor-Leste. Job to oversee the investments of Petroleum Fund of Timor - Leste, equity and bond portfolios - both in-house and externally managed portfolios.

Cryptic. What’s that about?

I agree. I expected something within a month of the last interview. Although it’s an update on talks. Doesn’t necessarily mean a deal completed. It should be significant. Could be three weeks. Could be this afternoon. We’re at that point.

Any company prepared to invest in Sunda will have a complete picture of future plans backed up with legal certainty before they part with significant funds. AB says funding is not related to GS. Then Chuditch can be developed separately. That’s how I read it and it’s very good news.

Thanks Eddie. Excellent to hear this. Just need to wait. He is clearly relaxed to share this. Again. The signs are positive on all fronts.

You can’t keep making this stuff up. I tend to agree. The Aussies just say nothing.

Very positive but he’s moved the date somewhat forward. Exasperating.

Mr Ramos-Horta also used his interview to give a bullish assessment of stalled negotiations over the Greater Sunrise field and Timor-Leste's ambitious Tase Mane project.

The president and Mr Gusmao have been pressing Australian energy giant Woodside to pipe gas from Greater Sunrise to Timor Leste for processing, rather than to Darwin. "There is a much better climate between us and Australia," the president said. "I don't enter into details because this is up to Prime Minister Gusmao and Anthony Albanese, but we are going to find, very soon, early next year, a solution for the development of Greater Sunrise."

https://www.abc.net.au/news/2023-10-09/jose-ramos-horta-china-police-military-security-beijing-canberra/102953084?utm_campaign=abc_news_web&utm_content=link&utm_medium=content_shared&utm_source=abc_news_web

Longer excerpt from ABC News gives a less harsh feel to Horta’s comments.

Jose Ramos-Horta also conceded he was using the prospect of Chinese companies backing his country's ambitious plan to develop the Greater Sunrise oil and gas fields as "leverage" during complex negotiations with energy companies. Mr Ramos-Horta has repeatedly said that companies from China and a host of other countries — including South Korea and Kuwait — are interested in funding a pipeline to Timor-Leste if the consortium cannot reach an agreement.

When asked if he was playing the China card in order to get the Australian government to lean heavily on Woodside or offer other guarantees to get the pipeline to Timor-Leste built, Mr Ramos Horta said his country was simply making it clear it had plenty of options to develop Greater Sunrise. "Leveraging on the Greater Sunrise, yeah, of course, you call it leverage, but we say we look for partners," he said. "You know, if Australia doesn't feel like it, we can totally understand it but then either we talk with the Chinese or the Kuwaitis."

After his speech, the president told AAP that the Chinese oil and gas giant Sinopec had specifically expressed interest in the project. "The Chinese are interested … and they have the means, the experience, the expertise," he said.

Thanks, Eddie. Can only help. They will of course use this board to get that information (joking). If they provide a little Sunda connection. Some positive company spin and commentary as well, even better. PR improving. Certainly get the feeling that everything still going to plan.

Imagine a double whammy. Greater Sunrise deal plus a comprehensive funding arrangement on Chuditch. The share price might look a little different. Entirely possible.

On the Greater Sunrise Guardian piece, Sunda comments, “ This is a clear endorsement of the Sunda strategy”. No idea what this means. Surely TL’s energy requirements and support for Chuditch is the endorsement. Seems a muddled comment to me.

Eddie, thanks for the update. It’s a positive entry on X which is good to see. I haven’t heard of this company you mention. Do the tweets emanate from head office?

It’s almost as if the Guardian article is news to Sunda which surprises me. The latest Reuter interview from Horta appears to be much more downbeat about a deal and playing up the prospects of other partners.

I consciously decided not to get in contact with AB because he’s surely too much on his plate. I used their homepage and the query wasn’t even acknowledged. But. I’m delighted to see some activity on X and it’s a good sign that things are OK. Should give a positive sign to the market and jittery investors.

A statement from Sinopec saying they are ready to develop Greater Sunrise would concentrate minds over at Woodside. Beginning to sound like Horta has given up on Australia. I’m still concerned GS impasse is impacting on our negotiations with various parties. Despite reassurances. Buying seems to have stalled again. Hoping for another blue day.

CANBERRA, Oct 9 (Reuters) - East Timor has talked with Chinese firms including state-owned Sinopec about developing the stalled Greater Sunrise gas field, President Jose Ramos-Horta said on Wednesday, after disagreements with Australia over the shared field's future. Ramos-Horta told Reuters that East Timor had talked with a number of private and state-owned Chinese firms and that representatives of some of these had visited as part of a recent Chinese business delegation.

Asked whether Sinopec was among those companies, Ramos-Horta said "Sinopec has been in touch". Sinopec, officially known as China Petroleum & Chemical Corp, did not immediately respond to a request for comment.

Ramos-Horta was speaking after delivering a speech in Canberra at which he said: "We look for partners. If Australia doesn't feel like doing it, that is totally understandable. Then either we talk with the Chinese or the Kuwaitis."

https://www.reuters.com/business/energy/east-timor-talked-with-sinopec-other-chinese-firms-over-stalled-multi-billion-2024-10-09/

I read that post on the Timor Gap website. I thought yet another proposed collaboration with another country which we will probably never hear another thing about. It’s almost every energy producing country now and words mean very little. Concrete deals and signed agreements are hard to come by.

I also like concise and succinct posts. Editing is worth it. Long posts (for me) can be a turn off. I suspect for others too.

The Telegram group is influential and contains some big hitters. Good to hear they are maintaining a positive outlook. Thanks Eddie.

Ad hominem attacks are not good. I’ve done it myself. The filter button is there for a reason. The like button is a curse giving a false impression of what people really think. Most just don’t interact with what they read.

Andrew Butler holds the key to some smiley happy faces on this board. Roll on 7am.

Are you HFB? Very clever disguise. I like this one.

Eddie, what’s the mood in the Telegram group? Optimistic, nervous, confident? A few days of an increasing share price lifts our spirits. I wonder what the bigger shareholders think of the current situation.

A little more detail on that CCS legal framework workshop. The preparation for LNG export continue at a pace.

MPRM and partners, with assistance from International Finance Corporation - IFC, organised a workshop on regulatory framework for transport and storage of CO2 in Timor-Leste from October 8 to 9 in City 8 Manuleuana. IFC expresses readiness to support the preparation of CCS industry, which is an integral part of the petroleum industry, as Timor-Leste begins its journey towards energy export and LNG installation. Legal provisions will be developed with input from both Australia and Timor-Leste to create an appropriate framework for CCS implementation. The workshop is seen as an important step towards establishing a future CCS project and creating necessary regulations and conditions for licenses, business activities, and private sector involvement. The regulatory provisions will ultimately be submitted to Council of Ministers and the National parliament for approval.

https://www.facebook.com/share/p/aH8NbKSxPQoXMm92/?mibextid=WC7FNe

Cheers Eddie. Useful contacts.