Member Info for filthylucre

Absolutely right. Could well be more placings. Nowhere near covering the costs.

Flip Flop don’t knock nonsense. Sundagas get their funding from BOIL. You think the seismics were free of charge. We all want a scapegoat. I’m afraid it’s not that simple.

Bloody horrible when you’ve bought at so much higher. Let’s be honest we suspected this was coming with the unusual trading patterns of recent days. Yes, I supported Andy Yeo in quite a few posts but Andy Butler, St Andy is every bit a part of this. Do TL officials/ Timor Gap hold these shares? It’s simply tiring and depressing for everyone else. That embassy meeting.

Agree Shiny. He’s following BOIL very closely and buying it. Wouldn’t be surprised if he reads this board and his article is in response to the criticism levelled at the board.

Why do some CEOs remain silent as the share price tanks? Charles Archer

February 15, 2024

Good read. Convinced this is entirely about BOIL.

https://investingstrategy.co.uk/stock-tips/why-do-some-ceos-remain-silent-as-the-share-price-tanks/

A little too cynical for me jelly. Is there a share out there that cannot sustain a rise for five minutes? Would you buy if you knew every rise is sold into? It’s damaged confidence and sentiment, particularly the most recent fiasco. I’m not entirely sure it’s the fault of BOIL management. Pregnant with news doesn’t mean news every week. We’ve had three (sort of) news releases in the last few weeks. None earth shattering but not inconsequential either. Sp now at a record low. Funding remains the big quandary. We wouldn’t want a bad deal. I’d rather they held out. Worries about dilution (justified) and related concerns about funding the drill not helping matters. Investor impatience, profiteering and poor sentiment is a lethal combination. Company changing news hasn’t arrived but we have made real strides forward. I still expect investors will wake up to what’s on the table and start buying.

Meadow, last September, Boil reported, “We are making good progress and are in advanced discussions with a number of potential funding partners. We look forward to updating shareholders as soon as we are able.” Advanced talks, 6 months ago. Maybe the TL government is our partner. Maybe as soon as the GS agreement is announced, Woodside will pounce and buy us out. Big announcements are waiting in the wings. Meanwhile buying even at a 52 week low has completely dried up. Scratches head. Sp used to yeo yeo around, pretty much one direction now.

Meadow. There’s always hope. Yeah, the share price is awful and investors are despondent and quitting. That doesn’t reflect where we are operational wise. Far from it. Enormous progress. Hurdles are funding and funding. Get past that without dilution, the sky’s the limit. Wall of worry seems too high for most investors. I’ve become accustomed to it after years of failure. This can change.

The noises coming out of TL are pointing in one direction. Massive boost to our project if this is announced as an agreement. Getting very close. TL government might fund our drill. Who knows.

OK. That’s a lot to process. Maybe I’m seeing this too simplistically. The construction and development in TL appears to be happening parallel to and closely aligned with the negotiations. I’m very optimistic. Game changer.

It seems almost certain Australia and TL have agreed a deal on Greater Sunrise. Why else would this massive construction work go ahead.

To ensure the project's implementation in Natarbora, the Ministry of Petroleum and Mineral Resources and relevant institutions continue the parallel negotiations with Australia and the Sunrise Joint Venture to accommodate their interests, enabling the development of the LNG plant to Timor-Leste and the establishment of refinery and petrochemical industries in the country.

Again, positive noises regarding Greater Sunrise. Almost a given. Chuditch will benefit.

𝐍𝐚𝐭𝐚𝐫𝐛𝐨𝐫𝐚, 𝐌𝐚𝐧𝐚𝐭𝐮𝐭𝐮 - 𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝟏𝟑, 𝟐𝟎𝟐𝟒

The Ministry of Petroleum and Mineral Resources continues to socialize the implementation of the Tasi-Mane project in Natarbora, Municipality of Manatutu, identified as the future site for the Liquefied Natural Gas (LNG) plant, refinery, and petrochemical installations.

His Excellency the Minister of Petroleum and Mineral Resources, Francisco da Costa Monteiro, emphasizes that the development of the South Coast is crucial to leveraging Timor-Leste's wealth through domestic investment, fostering integrated development in Natarbora, and stimulating the national economy.

For the combined refinery and petrochemical installations, a land area of over a thousand hectares is required. Landowners have already assured His Excellency Prime Minister Xanana Gusmão that the land release process for the construction of plants and factories will not be complicated, as there are no residential communities within the designated industrial area.

To ensure the project's implementation in Natarbora, the Ministry of Petroleum and Mineral Resources and relevant institutions continue the parallel negotiations with Australia and the Sunrise Joint Venture to accommodate their interests, enabling the development of the LNG plant to Timor-Leste and the establishment of refinery and petrochemical industries in the country.

The government seeks continued mutual collaboration from the community to guarantee the strategic project's implementation, aiming to realize the government's plan to create an integrated development center for the petroleum sector in the country. TIMOR GAP, E.P. will persist in socializing with the community about the project's positive and negative impacts, including its benefits and costs.

During the socialization, community members requested explanations about the direct impact of the petroleum industry. His Excellency Minister Monteiro stated that the national project would immediately impact the Natarbora community, as the industry's movement will require the creation of hospitality services, livestock farming, horticulture, employment opportunities, and these effects will extend to other municipalities.

https://m.facebook.com/story.php?story_fbid=pfbid02FLqAJ7PCiNAsdJKrD4s6z9us7Ujc69JDwuh6kh56Sv15SSocaoK9xDSHi67Yz8ujl&id=100094730889338

Steve, the plant will be built. Woodside have stalled. Continually. However, if Woodside pull the plug, then TL will seek another partner. As regards Chuditch, I seriously don’t think investors are thinking, no barge system, I’m selling my shares. We drill, prove up the find, sell it and leave. Will possibly take a year or two in which time decisions on Sunrise, FLNG etc will be made. Pipeline / FLNG all options. Onshore TL facilities will be waiting for available gas. They desperately need income from gas. Eni next door joining in.

Agree with all that and it might sound like a pretty obvious thing to say, but what really matters is the share price. TL’s economy and development don’t matter to me as long as the company can grow our share price. It’s incredibly disappointing where we are. My strategy is hope for the best. I hope a rabbit is pulled from a hat very soon.

The president and prime minister talk about nothing else but developing Greater Sunrise. When I hear this nonsense about we need to hear a “ Yes”, I feel like screaming. They’re literally ripping up the South coast to make it happen. Woodside have held the project back but TL are ploughing ahead. Airport, highways, port, refinery, Tasi Mane all in construction or already built. A lot of it with Chinese money.

Agree with that Steve. But what do you mean a “ green light for Chuditch?” We are drilling the site hopefully before the end of the year. Developing Chuditch is ongoing. Has been since we took the license.

That seems extremely optimistic. Good news that Great Sunrise will happen and the necessary infrastructure is being built right now. All of it. That’s confident and purposeful leadership. Their will be a route to market for Chuditch.

Betano will become a new city located by the sea.

(from ARS journal, 13-02-2024).

The oil refinery and petrochemical project will be established in Natarbora, and a new city in the eastern part of the sea will be built in Betano.

Minister of Petroleum and Mineral Resources shared insights into the government and TIMOR GAP E.P.'s master plan. The plan involves the development of infrastructure that supports the Liquefied Natural Gas (LNG) industry, petrochemical, and refinery operations in more strategically viable locations.

Furthermore, the commitment to bring the Greater Sunrise project onshore aligns with this strategy, promising to secure the operational functionality of the LNG plant and other industries, bolstering investment in infrastructure both existing and planned.

His Excellency the Minister of Petroleum and Mineral Resources remains confident that by 2031, the Greater Sunrise field, significantly larger than Bayu Undan, will commence production. This development is expected to last up to 30 years, providing a substantial boost to Timor-Leste's economic development efforts.

https://m.facebook.com/story.php?story_fbid=pfbid0gDVmk73zEHcJEYF3MyirHV9ogGd1AdDEaBCsw7wZxu3n6eSfsGudAf4UX5oZggiVl&id=100068692602149

Amazing the hindsight warriors . I must have missed their posts when the price was 100% up.

LOL.

You guys are down on Andy Yeo. I’m not sure bar a dressing gown and a humdrum zoom call what he’s done wrong. I’ve had personal correspondence with him from Gold Oil days. I’m impressed. He’s positioned us with Andy Butler into a strong position. Share price doesn’t reflect this and it’s difficult to take. But scapegoating him for this seems a tad unfair. I will now hide away whilst the outraged posts come flying in.