Member Info for filthylucre

It’s less than three months since the failed drill. I would expect a period of waiting before any new announcement on Chuditch. Hoping we can get back on track and stop the slide. I’ve bought a few more to capitalise on a possible recovery. The lower the price, the lower the risk but confidence in the board at an all time low. There comes a point you don’t care much anymore. I’ve lost a lot, I might as well lose a few more in betting on a comeback. Plus I see huge potential if they get it right this time.

The complicated political issues holding back the Sulu basins petroleum award is a concern. It’s difficult to know just how long this could take. Other ventures might arrive ahead of it. Pretty confident AB will deliver an important update very soon.

The licence is for a consortium of four companies. Not Sunda Energy. Most investors know that.

8 million more for me. The big news yet to come.

I think we will recover. If we don’t, we don’t. Stop panicking. They have a plan to move forward and we will know soon. I like Chuditch. Whatever it takes to fund it. I’ll go with it. Dilution. Whatever. A successful drill will change the narrative. New assets hopefully to add valuation. Very tempted to buy more.

Current situation is one of waiting for news on the company’s next move. A plan of any shape of form which can fund a drill and bring stability should lift us much higher. No one is giving up.

Clearly, not in a good place but let’s wait and see what Timor Gap and Sunda come up with. Oil trader is pretty switched on but he’s speculating and I assume still holding. I wouldn’t be discounting a deal of some sort which benefits all sides including shareholders.

𝐌𝐈𝐍𝐈𝐒𝐓𝐄𝐑 𝐌𝐎𝐍𝐓𝐄𝐈𝐑𝐎 𝐑𝐄𝐂𝐄𝐈𝐕𝐄𝐒 𝐄𝐔𝐑𝐎𝐏𝐄𝐀𝐍 𝐏𝐀𝐑𝐋𝐈𝐀𝐌𝐄𝐍𝐓𝐀𝐑𝐘 𝐃𝐄𝐋𝐄𝐆𝐀𝐓𝐈𝐎𝐍 𝐈𝐍 𝐃𝐈𝐋𝐈

𝐃𝐢𝐥𝐢, 𝟏𝟕 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟓

His Excellency Francisco da Costa Monteiro, Minister of Petroleum and Mineral Resources, received a high-level delegation from the European Parliament’s OACPS-EU Joint Parliamentary Assembly, currently undertaking a fact-finding mission to Timor-Leste from 12 to 18 September 2025. During the meeting, Minister Monteiro presented Timor-Leste’s petroleum sector priorities, highlighting the conclusions of the Greater Sunrise Concept Select Study, which confirmed that Timor-Leste LNG (TLNG) is technically feasible and, among all options assessed, the most commercially viable and economically advantageous development pathway. The Minister reaffirmed the Government’s intention to continue advancing this preferred option.

Minister Monteiro also provided an update on the Bayu-Undan redevelopment, which aims to progress both gas production and carbon capture and storage (CCS) in parallel, aligned with Timor-Leste’s strategic vision for value creation, energy transition, and infrastructure utilisation.

https://www.facebook.com/share/p/1GFxTFFPWH/?mibextid=wwXIfr

Free SUVs to all members of the TL parliament have now been cancelled. So the students have won that battle.

https://www.facebook.com/share/p/16qJHSw43C/?mibextid=wwXIfr

They need to ramp up progress pronto. TL student protests against the political class continuing. Instability spreading across parts of SE Asia. Nervous times in Dili.

Owners of mid-water depth drilling rigs are being offered a multi-well opportunity in Timor-Leste on a proposed oilfield development. The requirement is for either a semi-submersible or drillship to work on the Kuda-Tasi and Jahal project in water depths of between 400 and 430 metres. The 150-day assignment will cover the drilling of three production wells, all of which will be completed to facilitate near-term production, the project's joint venture partners Finder Energy and Timor GAP said in an expression of interest document.

The start of the programme should be before the second half of 2027. If the Kuda-Tasi project materialises, it would be the first offshore drilling campaign in Timor-Leste for several years.

The small Southeast Asian nation is desperate for new oil and gas investments given it currently has no petroleum revenue after the shutdown of the Bayu-Undan field. Kuda-Tasi and Jahal is viewed as a project that could deliver before the planned Sunrise and Chuditch gas projects, and the operator Finder is currently performing an accelerated front-end engineering and design exercise.

https://www.linkedin.com/posts/upstream-the-international-oil-gas-newspaper_offshore-drilling-facility-required-for-timor-leste-activity-7373969313671753729-Lc7u?utm_source=share&utm_medium=member_ios&rcm=ACoAABH65KoBJzcC1pLX5i3mwzbCvbjspz8sRBc

We are honoured to welcome Joe Keith, Associate Director, Technical Research Australasia at S&P Global Commodity Insights as a featured speaker at the 5th Timor-Leste Energy, Mining & Business Forum 2025, taking place from 24–26 November in Dili. Joe has over 20 years of experience in the oil and gas sector and has contributed to numerous studies on gas and oil opportunities in frontier and mature basins. His recent work includes in-depth assessments of Timor-Leste’s offshore potential—most notably the Kelp Deep discovery and evaluations of development scenarios across the Bonaparte Basin.

Bringing together leaders from Timor-Leste, ASEAN, and beyond, it will spotlight investment opportunities, cross-border partnerships, and the future of energy and mining in Southeast Asia.

https://www.linkedin.com/posts/the-energy-circle_oilandgas-energyinvestment-asean-activity-7373642071510900737-z8gF?utm_source=share&utm_medium=member_ios&rcm=ACoAABH65KoBJzcC1pLX5i3mwzbCvbjspz8sRBc

I thinks he’s genuine and I take notice of his posts. It’s disappointing to hear him so concerned. I hope he continues to communicate on this board.

A breakout is always possible. Plenty of catalysts out there. We live with hope.

Not sure, there’s anything new in this.

https://www.facebook.com/share/v/1A6JxiiPNs/?mibextid=wwXIfr

A company with healthy cash flow, producing wells and an extensive portfolio. Partnered with SLB on the Timor wells. Can’t compare with Sunda. Much bigger project and we haven’t got of the ground yet. They can keep him for all I care. He didn’t hep matters no doubt.

'Heightened activity' on Timor-Leste's next offshore project

Timor-Leste is desperate for new oil and gas investments given it currently has no petroleum revenue after the shutdown of the Bayu-Undan field.

Kuda-Tasi and Jahal is viewed as a project that can deliver before the planned Sunrise and Chuditch projects, and the Kuda-Tasi operator Finder Energy is currently performing an accelerated front-end engineering and design exercise.

The selection of a floating production, storage and offloading (#FPSO) vessel is at an "advanced stage" for the proposed Kuda-Tasi and Jahal #offshore #oil development in #Timor-Leste.

https://lnkd.in/dj665QyT

I’ve mentioned that. No permit. No rig. Forget helicopters. I’m done speculating. There is no funding and until then we languish down here. We do however need to attract investment via. TL development plans. The webinar should be of interest to anyone hanging on and hoping for a turnaround. I welcome it.

An opportunity for Andy to deliver an update on the project and provider shareholders with much needed clarity. Something tangible and new would be very welcome. Six weeks away.

Join our Live Webinar!

Tuesday, 21 October 2025

⏰ 16:00 (GMT+9) | Dili Time

🎤 Speaker: Andy Butler, CEO, Sunda Energy Plc

This is the first webinar in the lead-up to the 5th Timor-Leste Energy, Mining & Business Forum 2025. Get exclusive insights into the Chuditch gas field and its role in shaping Timor-Leste’s offshore future.

Join our Live Webinar!