Member Info for filthylucre

On the subject of patience. I used the Sunda message platform to ask a question. We will get back right way it states. Two weeks later, nothing. Not even a, we cannot answer this question type reply which would be fine. That’s pretty poor when you’re supposed to have improved investor relations.

No. Good post. Easy to forget that PLNG in a due dilligence period. That’s critical to our chances and in motion. Seems a tad long to me but I haven’t a clue about this stuff. Anyway. Nice to see the board waking up.

Frustration is understandable. I’m frustrated and bored. Venting that is understandable too. If a further delay is announced but a deal is being delivered. I will live with that. Flabbergasted if anything truly negative is announced. Not after the upbeat positive interviews of late. That’s not on my radar. I expect funding of some sort is on the table.

The calls for patience are simply stating the obvious. Not much more an investor can do but wait. Andy’s words a few weeks back suggested information is forthcoming. He simply said he would say more about the negotiations. Doesn’t necessarily mean a deal announcement. I certainly hope there are no proviso's attached in relation to a Greater Sunrise decision. That looks a long way off. In the meantime. Patience.

𝐌𝐢𝐧𝐢𝐬𝐭𝐞𝐫 𝐅𝐫𝐚𝐧𝐜𝐢𝐬𝐜𝐨 𝐝𝐚 𝐂𝐨𝐬𝐭𝐚 𝐌𝐨𝐧𝐭𝐞𝐢𝐫𝐨 𝐌𝐞𝐞𝐭𝐬 𝐰𝐢𝐭𝐡 𝐖𝐨𝐨𝐝𝐬𝐢𝐝𝐞 𝐄𝐱𝐞𝐜𝐮𝐭𝐢𝐯𝐞 𝐕𝐢𝐜𝐞 𝐏𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭 𝐉𝐮𝐥𝐢𝐞 𝐅𝐚𝐥𝐥𝐨𝐧

𝐅𝐚𝐫𝐨𝐥, 𝐃𝐢𝐥𝐢 - 𝟐𝟑 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟒

On the 23rd September 2024, His Excellency, Minister of Petroleum and Mineral Resources, Francisco da Costa Monteiro, met with Mrs. Julie Fallon, Executive Vice President for Technical and Development at Woodside. This was Mrs. Fallon’s first visit to Timor-Leste and her first meeting with Minister Monteiro following her recent appointment as EVP at Woodside.

During the meeting, Minister Monteiro informed that the Greater Sunrise gas fields remains a priority for Timor-Leste, and calls Sunrise Joint Ventures, Woodside and partners to collaborate with the Timor-Leste government and Australian government to develop the gas fields and monetize it as soon as possible.

Minister Monteiro also took the opportunity to reiterate Timor-Leste long held position which is a pipeline and LNG plant from Greater Sunrise, to be built in the south coast of Timor-Leste. Minister Monteiro also outlined the government’s willingness to discuss with Woodside and upstream partners on how to ensure a Timor based LNG development, which is investible and provide a fair return to all stakeholders involved.

https://www.facebook.com/share/p/sE8Sbii2ZCvMoL9o/?mibextid=WC7FNe

Some share price action would be most welcome.

Top industry speakers at the World Energies Summit. From CEOs and business leaders to the leading voices of governments and NOCs, this top-rated conference features the best in the sector.

Global E&P Hotspots | Asia & Oceania Panel

Wednesday, October 2, 2024 12:00

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lan Cross • Moyes & Co.

Dr. Kaustav Nag • Directorate General o1

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Colin Murray • Sunda Energy

https://www.worldenergiessummit.com/speakers

https://www.linkedin.com/pulse/whos-attending-world-energies-summit-2024-upstream-cgmve?utm_source=share&utm_medium=member_ios&utm_campaign=share_via

Eddie, no doubt a complex and difficult deal is close to being finalised. With the drill and associated costs just around the corner, this is taking it to the wire. I would have expected to hear by now. I would have expected increased trading as we come close to any sort of announcement. I’ve contacted the company with a question. Not exactly great in getting back. I remain very hopeful of a smart and company making deal.

Timor Leste seems to see Brunei as a template for their planned oil and gas new economy. And why not. A fantasy maybe, but not impossible Sunda is in pole position right now to take advantage. If the chips fall correctly, this will be transformative. Over to you, Andy.

Minister of the Presidency Council of Ministers, Agio Pereira, held a meeting today, September 18th, 2024, with the Ambassador of Brunei Darussalam in Timor-Leste, Wan Hadfi Latif, to discuss cooperation between the two nations, with a special focus on the development of the oil and gas sector. During the meeting, the Ambassador shared information with the Minister regarding rapid development in the petroleum and gas sector in Brunei, which has seen exponential growth in the last 10 years. This development is seen as a possible source of inspiration for Timor-Leste, which is currently in a crucial phase of negotiations regarding the Greater Sunrise project. Minister Agio Pereira expressed gratitude for the sharing of information and highlighted that "Brunei's experience serves as an example that has value for Timor-Leste, which is currently in an important phase of development of its energy resources." Additionally, during the meeting, they discussed Minister Agio Pereira's upcoming official visit to Brunei Darussalam, which has been scheduled for October 6th. Ambassador Wan Hadfi Latif also suggested that during this visit, Minister Agio Pereira takes advantage of the opportunity to visit the world-class refinery and petrochemical complex located on the island of Pulau Muara Besar in Brunei, which could serve a model for future industright development in Timor-Leste.

https://www.facebook.com/share/p/6aufrX7AJEN8hMnH/?

I like a guy who keeps the same name. Straight and honest. No games.

The signing ceremony for TimorGap’s 16% in Bayu Undan is today. They’re making a huge fuss about this. Their story is our story. They surely won’t let us down.

DILI - Minister of Petroleum and Mineral Resources (MPRM), Francisco da Costa Monteiro, states that the process for the Greater Sunrise field continues, as the Sunrise study process for the Joint Ventures continues. "We see the Sunrise Joint Venture process still ongoing, especially Timor Gap, Woodside, and Osaka Gas have carried out a very good study, so their services are already in conclusion from the timeline," he said to journalists at City 8 Manleuna, Dili, on Monday (16/09/2024).

Minister Francisco da Costa Monteiro said that Timor Leste Government through the MPRM and all its entities will intensify work and studies on various aspects, to look at LNG plants, downstream, petrochemicals, and Ammonia productions in Natarbora.

Prime Minister Kay Rala Xanana Gusmão stated that the TL Government has completed its process of buying a joint participation of 30% from Conoco Phillips and 26.56% from Shell Australia in the Greater Sunrise field on April 16, 2019, in Singapore, to give to TIMOR GAP, the national petroleum company of Timor Leste, a joint participation of 56.56%

This treaty will also pave the way for continuity in Sunrise Consortium's negotiations, now with TIMOR GAP, on the concepts of Greater Sunrise Development and the construction of a Natural Gas Liquefaction (GNL) plant in Beasu, in Timor Leste's southeastern part of the male's territory.

https://www.facebook.com/share/p/WQWSx9X4xaWeJTYG/?mibextid=WC7FNe

Cloud, the concept study. Horta’s interview stating an agreement by November. I’m guessing this was without any consultation with Woodside. Woodside will say we will abide by the results of the concept study, otherwise what’s the point? Recent statement by the Energy Minister restating the pipeline has to come to TL suggests to me things are not good behind the scenes. I wouldn’t hold my breath on an agreement. Great if it happens even a simple compromise. I do think Chuditch will have their own solution and not depend on Greater Sunrise. AB hasn’t as yet addressed this issue. The due diligence partner would surely require reassurance on this issue.

Cloudwatcher, I too was in Gold Oil. Lost a small fortune. Can we agree on one thing. This is a completely different company. Management and operations. As for AIM shares. Mass majority are traded and most fail in the end. I’m hoping that Sunda can do much better and I’m going to stick with it. It seems pointless to hold this share and then state it’s going nowhere, it has no chance and it’s just all hot air. Sell at a loss would be my advice or quietly regret and wish it well.

There was plenty of substance in the interims. New board. Drilling plans advanced. Due diligence underway with named funding partner. Bidding on new blocks outside Timor and advanced talks with other parties. Off course, more to come and not complete but plenty of substance and worthy of a better market reaction.

Very surprised to see this fall back so quickly from the positive interim report. The impatient aren’t prepared to wait , not even a week. They need their rally right now. Constant theme. Looks like it might take a successful drill at Chuditch to break this cycle. So be it. Looking forward to an update on funding the drill. No doubt we get a reaction. Of sorts.

𝐌𝐢𝐧𝐢𝐬𝐭𝐞𝐫 𝐅𝐫𝐚𝐧𝐜𝐢𝐬𝐜𝐨 𝐝𝐚 𝐂𝐨𝐬𝐭𝐚 𝐌𝐨𝐧𝐭𝐞𝐢𝐫𝐨 𝐌𝐞𝐞𝐭𝐬 𝐰𝐢𝐭𝐡 𝐈𝐍𝐏𝐄𝐗 𝐑𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞𝐬 𝐨𝐧 𝐆𝐫𝐞𝐚𝐭𝐞𝐫 𝐒𝐮𝐧𝐫𝐢𝐬𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭

𝐅𝐚𝐫𝐨𝐥, 𝐃𝐢𝐥𝐢 – 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟏𝟑, 𝟐𝟎𝟐𝟒

Today, His Excellency Minister of Petroleum and Mineral Resources, Francisco da Costa Monteiro, met with key representatives from INPEX at his office in Farol. Attending from INPEX were Takuya Sugawara, Vice President of the President Director’s Office, Steve Ovenden, Vice President of Growth, and Brodie Sugai, Business Development Advisor.

During the meeting, Minister Monteiro reaffirmed the Timor-Leste Government's firm stance on the Greater Sunrise Development. Minister Monteiro emphasized that the gas from Greater Sunrise, including Timor-Leste’s and TIMOR GAP’s equity, will not be processed anywhere other than in Timor-Leste. This stance aligns with the country’s development pathway, which is in line with its policy direction and a key part of the national program.

Minister Monteiro extended an invitation to INPEX to consider investing in Timor-Leste’s LNG project, as well as opportunities in oil and gas exploration. His Excellency also encouraged INPEX to purchase Timor LNG when production begins in Natarbora.

https://www.facebook.com/share/p/GpdDma5bis8H8ZPW/?mibextid=WC7FNe

Regarding the bid for exploration on the two Sulu sea blocks. Sulu province is now unexpectedly leaving the BARMM autonomous region. The BARMM government manage the bidding process. Hopefully still in charge of the sea resources. A difficult region with Islamic terrorists demanding independence. We will know soon if this one comes off.

All eyes on Chuditch. Eerily quiet at the moment.

The entire Chuditch story. The TL government’s involvement. Everything that AB has reported and the company has achieved. Adds up to a pretty good bet. The nightmare of Gold Oil a distant memory. Soon to be extinguished forever.