Member Info for filthylucre

𝐀𝐔𝐒𝐓𝐑𝐀𝐋𝐈𝐀, 𝟎𝟒 𝐌𝐀𝐑𝐂𝐇 𝟐𝟎𝟐𝟒 - The Investment and Export Promotion Agency, I.P (TradeInvest Timor-Leste) participated in the 50’s ASEAN-Australia 1974-2024 Special Summit in Melbourne, Australia.

TradeInvest Timor-Leste participation in the 2024 ASEAN-Australia Special Summit was to promote investment and export opportunities from Timor-Leste to participants and potential investors from ASEAN countries and Australia.

The delegation of TradeInvest Timor-Leste was led by the Investment Promotion Manager, Mr. Silverio Freitas, accompanied by a delegation consisted of the Export Promotion Manager, Mr. Dulio Marino, the Treasurer, Ms. Ludovina.

https://m.facebook.com/story.php?story_fbid=pfbid02jozNEMrQZhPLh6StvYGy5h93iuPpkPfbJN7tNVWCVCLitoJJNYUYJW4Dxf48EFeUl&id=100064824159804

Not all gloom and doom. Relationship with Australia still pointing in the right direction for Greater Sunrise

Japanese companies are investing along with others.

At the bilateral meeting between the Minister of Foreign Affairs and Cooperation of Timor-Leste, Mr. Bendito dos Santos Freitas, and the Minister of Foreign Affairs of Australia, Senator Penny Wong, on March 4, 2024, at the Melbourne Convention and Exhibition Centre (MCEC), on the sidelines of the ASEAN-Australia 50th Anniversary Summit, the Vice Minister for ASEAN Affairs, Ms. Milena Rangel, and her delegation attended the meeting.

In this regard, the Foreign Minister of Australia first congratulated Timor-Leste on its accession to the World Trade Organization (WTO), the importance of continuing to strengthen bilateral cooperation between the two countries, and Australia's support for Timor-Leste's accession process to ASEAN.

https://m.facebook.com/story.php?story_fbid=pfbid02Ktas5fhYZ9WKbTeBSXLuAME9qwsc2nPzqVzGUX5ejUDyNTrk2sZzCuGAccbeisNFl&id=100069241748470

Here’s the post in full. EU delegation recently made the same point.

PRESIDENT HORTA URGES GOVERNMENT TO AMEND LAND LAW AND INVESTMENT LAW

Vientiane, Laos, 1 March 2024

The President of the Republic urged the government and National Parliament to amend the Land Law and Investment Law. This request was made by the Head of State after conducting a state visit to the Lao People's Democratic Republic.

Ramos-Horta said the Government needs to amend the Land Law and Investment Law to provide security and guarantee investments according to international rules in order to attract investors to Timor-Leste.

The Head of State J. Ramos-Horta asked the National Parliament and Government to produce laws that must adjust to the treaties in the World Trade Organization and ASEAN.

"The Government and Parliament must consider the treaties of sovereign nations. We want to take part in the regional and global economy. These treaties have rules that must be followed completely. Large countries like China and America also comply. Our membership to the WTO and ASEAN, how do we look at our Laws? Our Laws must adapt to these international treaties, not the international treaties that must adapt to a national law," said Ramos-Horta.

President of the Republic J. Ramos-Horta is concerned about the investment law and land law that need to be amended in order to provide good responses to investments that want to invest in Timor-Leste.

Ramos-Horta continued, in the past few months he has convinced nearly three investors from China to come to Timor-Leste to invest, but the Government did not respond. In addition, the Head of State asked the government to create investment protection laws and double taxation laws to reduce tax rates.

https://m.facebook.com/story.php?story_fbid=pfbid0o7sZrSBVJRTDyoFSrhvfBKvqsJo9u6Ja292MHYgbvCCnTid3ua3JwqtkFTgSkEGXl&id=100088342724887

LAW AND INVESTMENT LAW 1 March 2024

Ramos-Horta said the Government needs to amend the Land Law and Investment Law to provide security and guarantee investments according to international rules in order to attract investors to Timor-Leste.

Ramos-Horta continued, in the past few months he has convinced nearly three investors from China to come to Timor-Leste to invest, but the Government did not respond. In addition, the Head of State asked the government to create investment protection laws and double taxation laws to reduce tax rates.

I think that’s too cynical a view. Financial problems can be resolved and they certainly want to drill.

I agree on much of the rest. Too many dilutions. Too many shares. Too low an average price for new investors. Too low resistance prices. Too much trading.

I can’t believe I’m hearing the same multi bagging stuff on here as if the dilution had never happened. For most LTHs, this will never see the kind of price we once dreamt about.

Steve Mcbride

SPE Western Australia greatly appreciates those Principal & Major Sponsors renewing their magnificent support of our Timor-Leste objectives and initiatives in 2024: INPEX, SANTOS, WOODSIDE, DISR, FENEX, ODSI, PIVOTEL, ROCK FLOW DYNAMICS & SUNDAGAS and very warmly welcomes SLB and TIMOR GAP as new Major Sponsors plus CALTECH as a new Supporter this year,

augmenting our commitment to Society of Petroleum Engineers (SPE) Timor-Leste and Spe Timor-Leste students

Association of International Energy Negotiators (AIEN)

The Australia-Pacific Chapter kicks off its 2024 slate of events with a focus on the Timor Sea, offering a chance to connect with AIEN President Ricardo Silva, who will present alongside Gualdino do Carmo da Silva and David Perks. These three will provide an overview of the history of petroleum development in the Timor Sea, outline the current state of play and plans for the future, and hone in on the various treaties impacting the area, including a discussion on the Bayu-Undan and Greater Sunrise projects.

Monday, March 18, 2024

https://www.aien.org/forms/meeting/Microsite/AP18March2024

Strengthening Business Partnerships in

Timor-Leste Oil and Gas Industry.

Thursday 14 March 2024 at The Westin hotel,

Panel Discussion and Q&A

"Challenges, best practices and opportunities in industry capability development in Timor-Leste"

Panellists

Mr Dino da Silva, President of ANP

Mr Richard Hinkley, VP NT and & Timor-Leste, SANTOS

Mr David Reid, Development Manager, Woodside

Mr Keith Boyer, Business Development Manager, SLB

Mrs Alexandra de Sá Torrao, CNEFP Timor-Leste

Moderator: Mr Carlos Alves, Director Legal, ANP

Panel discussion and Q&A

"Extractive Industries development in Timor-Leste*

Panellists

Mr Rui Soares, CEO of TIMOR GAP

Mr David Lawrence, GM Gas Branch at DISR

Mr Andy Butler, CEO of SundaGas

Mr Rafael Araujo, President of ANM

Moderator: Mr. Francelino Xavier Conceicao, Director Exploration & Development ANP

Thanks VT. Certainly Greater Sunrise is known to have commercial quantities of helium.

As others have pointed out, cores samples from Chuditch didn’t show helium but certainly a possibility.

Timor GAP compensates affected communities for the Suai Supply Base Project

February 28th, 2024

Timor GAP - Oil & Gas, E.P., compensates the communities whose 414 hectares of land will be affected by the future installation of the logistic base plant of Suai Supply Base Development Project.

$67 million is allocated to the program for institutional development operation, $12 million is for the assurance of the pipeline coming to Timor-Leste for the Greater Sunrise gas field development program, $10.4 million is for the Tasi Mane project implementation program on the southern coast.

Minister of Petroleum and Mineral Resources, Francisco Monteiro, previously informed that, according to the timeline, the construction development of Greater Sunrise will take place in 2027, then Timor-Leste's Suai Supplay Base will be completed by the end of 2026 or later in early 2027. Relevant news: National Parliament approves $57 million for MPRM.

https://tatoli.tl/2024/02/28/timor-gap-indemniza-ona-komunidade-afetada-ba-projetu-suai-supplay-base/?fbclid=IwAR2ispbj7vT6O-OV-mSPMgpH5O3Vqku2yokhxBb7G1OAQILVT4S2MRxGcZY_aem_AbH-mIpEARwc3XhWAcjPpAMLqXSmYj9uIhQXl2Vmh4WV5HJAcNL4e8CFPiSQU5u6pzo

kylie posted this. sundagas attending. networking event. worth mentioning.

https://www.linkedin.com/posts/anpm-timor-leste_networking-****tail-event-aog-energy-2024-activity-7168758486238003200-0b0b?utm_source=share&utm_medium=member_ios

Woodside CEO: LNG demand to rise 53 percent in next decade

February 28, 2024

Global demand for liquefied natural gas (LNG) is forecast to grow 53 percent in the coming decade between now and 2033, according to Woodside CEO Meg O’Neill.

“Much of this demand is expected to emerge from China and South East Asia, markets our assets are geographically advantaged to supply,” O’Neill said on Tuesday during Woodside’s 2023 results call.

She said the fundamentals of long-term LNG demand “remain strong”.

In 2023, the majority of contracts signed in the global LNG market were for durations of 20 or more years.

“This long-term demand for LNG supports our conviction that gas will be a key part of the global energy mix for decades to come,” she said.

https://lngprime.com/australia-and-oceania/woodside-ceo-lng-demand-to-rise-53-percent-in-next-decade/105955/

Australian helium production ends after Santos's gas supply for Darwin plant runs out.

The only helium production plant in the southern hemisphere, located in Darwin, has shut down after its gas supply was exhausted.

BOC had been producing helium as a by-product from the Santos-owned Darwin LNG plant since 2010.

Santos has now temporarily closed the plant after its Bayu-Undan gas field was depleted, forcing BOC to also cease helium production.

https://www.msn.com/en-au/news/australia/australian-helium-production-ends-after-santos-s-gas-supply-for-darwin-plant-runs-out/ar-AA1l2U20?ocid=msedgntp&pc=DCTS&cvid=e2856d633e68497ea674c7dd4ab1a906&ei=7

Published 28 February 2024

Anybody know if Chuditch contains helium reserves?

Woodside Energy is back on the lookout for fresh acquisition targets to grow its liquefied natural gas and deep-water oil businesses after its merger discussions with compatriot Santos fell through earlier this month. Chief executive Meg O'Neill made it clear in Tuesday's results conference call that Woodside's motivation for the merger talks with Santos was the latter's LNG assets.

LinkedIn Comment: “The field they have a stake in with Timor Leste has a commercial quantity of helium in it-Mehdy Touil.”https://www.upstreamonline.com/finance/woodside-on-lookout-for-fresh-m-a-targets-following-santos-attempt/2-1-1604602?zephr_sso_ott=8HHP3p

INTERNATIONAL MONETARY FUND

February 27, 2024

Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation (1] with Timor-Leste.

Risks to the outlook are tilted to the downside.

Near-term downside risks to growth include an abrupt onset of a global recession and heightened commodity price volatility. These could require a fiscal response, posing obstacles to expenditure restraint and adversely affecting the balance of the Petroleum Fund.

Achieving the political commitment to rationalize public expenditure would reduce uncertainty surrounding the medium-term outlook. Developing the Greater Sunrise oil field presents a large upside risk in the medium term.

(upside risk, would be a risk with a good possibility of paying off)

https://www.imf.org/en/News/Articles/2024/02/27/pr2459-timor-leste-imf-exec-board-concludes-2023-art-iv-consult

Let’s leave Islam out of this

Nice sounding event for the likes of Sundagas. One would think.

“Ploughed headlong with the training for years now, gone from around 3 or 4 each at TG an ANPM, to a workforce of hundreds with still no Industry”

Things are changing. Have changed. GS on its way.

At least today we saw some movement. Hopefully much more to come. A better day but not a 0.06p day.

Today, February 25th, 2024, 15 students from the School of Petroleum Studies (SPS) - Dili Institute of Technology (Educated to Serve) have arrived at the Human Resources Development Center for Mineral and Gas Resources (Pusat Pengembangan Sumber Daya Manusia Minyak dan Gas Bumi/PPSDM) in Kabupaten-Cepu, Central Java, Indonesia 🇮🇩. The students will follow a professional internship program with certification courses in the fields of Mineral and Gas, linked to LNG and Process Operation, Production Engineering, Reservoir Engineering, Drilling Engineering, Health, Safety and Environment for two months. The activity is accompanied by the Head of the Department of Petroleum Engineering, Gusty Azy, B. Eng (Hons), M.Sc. Congratulations and good luck

Yes and it’s an easy mistake to make.