Member Info for filthylucre

Seriously don’t think there’s time for China unless China are ready and willing in the background with plans to move at speed . I doubt it.

How do you write so quickly? I linger over every line. Rewriting and changing.

Too many posts today. Madness. Need to move. Get some fresh air. Important we didn’t slide into an empty useless trading pattern. I’m encouraged.

I agree with every word of that and we’re going to find out very soon. Darwin is off the table. Won’t happen.

Time is up. Playing added on time to be honest.

Bottom line, if I for one moment didn’t believe in the commitment, competence and financial acumen of the TL government to see through the development of Greater Sunrise together with Chuditch, I would sell my entire holding right away. Compared to the crap that was once Gold Oil, this could go places. I’m impressed with what I’ve seen so far with a determined government seeking foreign investment from every corner. I’m optimistic.

One wonders did ENI base their decision on taking the adjoining block with reassurances on the Greater Sunrise project definitely going ahead.

𝗗𝗶𝗹𝗶 – 𝗙𝗿𝗶𝗱𝗮𝘆 𝟮, 𝟮𝟬𝟮𝟰

His Excellency Francisco da Costa Monteiro, Minister of Petroleum and Mineral Resources, welcomed Mr. Masashi Kanai, Deputy General Manager of ITOCHU, and Mr. Anthony Dereouchy, Project Manager at EDF, to his office in Farol. Also present was Mr. David Freedman, Country Representative of The International Finance Corporation (IFC) who played a crucial role, organizing this important gathering.

ITOCHU Corporation, a diversified Japanese trading company, operates across 61 countries in various sectors, including energy, minerals, textiles, and technology.

During the meeting, ITOCHU expressed interest in the CCS project at Bayu-Undan, aligning with its sustainability goals and expertise in the Energy & Chemicals sector.

The meeting concluded on a positive note, highlighting the promising opportunities. This gathering underscores the Ministry’s openness to welcoming more potential investors, reinforcing its commitment to developing a robust and sustainable energy sector.

You sound pessimistic. Easy to be cynical from previous outcomes but this is crunch time and the signs are very positive.

This matters. No Sunrise. No oil and gas industry. As an investor you have to believe.

Surely Greater Sunrise has been agreed. Why else would TL commit a substantial amount of their 2024 budget towards oil and gas infrastructure and train up large numbers of students for working in the industry.

This would be great news for BOIL and clear for a takeover or joint venture.

Sorry, ???

Jarv, you do realise I’ve posted this and discussed its contents.

On a more positive note, the share price is resilient today staying above 0.1p with good signs of a push upwards. The momentum is shifting towards a breakout. Days of stagnation have passed. A rush and a push and the land is ours.

I hope it’s just that. It’s not often spoken about on this board or anywhere else come to think about it but TL are in a race against time when it comes to increasing Climate Change legislature and a general divergence from oil and gas. Yes, gas demand will continue for the foreseeable future but I would want to get exploration in place now because things are changing and fast. Maybe, the kick up the butt they need.

A major fly in the ointment is described below. Any prospective partner could be deterred until sorted. Although, it also could be argued this puts the spotlight away from GS and onto Chuditch.

The future of new megaprojects planned for Australia's oil and gas sector will depend on an urgent regulatory solution to minimise legal challenges such as the one that held-up Santos' 55.8 billion Barossa project, consultant EnergyQuest says.

It pointed to warnings by Santos chief executive Kevin Gallagher that the uncertainty created by legal challenges to approved projects such as Barossa would be a big factor driving away overseas investment in the sector and risked "killing" the LNG industry.

"While existing LNG projects are essentially locked in, when it comes to new investments. we don’t see that statement as hyperbole, considering that all proponents of large, multi-decade projects need a certain regulatory environment," EnergyQuest said.

"It is difficult to see how rational investors would commit to new offshore LNG investment knowing that the approvals received can't be relied on and have a reasonable likelihood of being cancelled or materially delayed by a court.

VT, I will leave the minutiae, the history and the politics in your capable hands. I haven’t the patience nor the capabilities. But I do like a good bit of gossip.

When the company puts out a post, every word is carefully constructed. Can’t give anything away. It’s a code. This is how I read it.

“Fruitful discussions” means agreement. “Boil initiatives and future of Chuditch” means current negotiations.

The Timor Leste petroleum department and officials really should be shouting from the rooftops about this field and the upcoming drill. Possibly gagged by Sundagas with the market in mind. Judging by BOIL’s comments on Horta’s visit, the gloves are off and things are moving.

Incredibly positive. We should prepare ourselves for breakthrough news. Very soon.

Engaging discussions on shared goals and opportunities in the region. Looking forward to continued collaboration and growth.

A fruitful exchange on #BOIL initiatives, Timor's potential, and the future of #Chuditich.

Beginning to sound like Boil might be wishing to expand their interests in Timor Leste.

Just a thought, could Boil be in conversation with British companies regarding Chuditch? Why ever not.

“David Cameron, expressed his support to Timor-Leste through the establishment of UK companies to invest in tourism investment (hotels) and oil.”

🔙 Looking back at an exceptional day! Baron was honored to host His Excellency Dr. Jose Ramos-Horta, President of the Democratic Republic of Timor-Leste, in London on 31st January 2024. 🌐🇹🇱

A fruitful exchange on #BOIL initiatives, Timor's potential, and the future of #Chuditich. Grateful for the insights shared on the #oilandgas sector.

Interesting last couple of lines

Baron was also thrilled to have had the privilege of hosting the dynamic Rt Hon Anne Marie Trevelyan MP, Minister of State (Indo-Pacific), for lunch with the Baron team and esteemed guests, including His Excellency Dr. Jose Ramos-Horta, President of Timor-Leste, in London on 31st January 2024. 🌐🍽️

Engaging discussions on shared goals and opportunities in the region. Looking forward to continued collaboration and growth. 🤝✨

https://www.linkedin.com/feed/update/urn:li:activity:7160215057014923264?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7160215057014923264%29

Jarv, some remarks from Horta’s FB page on his London trip.

MEETING WITH FOREIGN SECRETARY LORD DAVID CAMERON, MINISTER ANNE-MARIE TREVELYAN AND OTHER SENIOR OFFICIALS, INVESTORS, ACADEMICS, CANDID CONVERSATION AT CHATMAN HOUSE.

In his remarks, President Ramos-Horta presented the economic and social situation in Timor-Leste including addressing investment issues in the oil, tourism and biodiversity areas.

The UK government member, David Cameron, in this meeting, expressed his support to Timor-Leste through the establishment of UK companies to invest in tourism investment (hotels) and oil.