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Killer post Mystic. I’m expecting a massive turnaround in the sp. This afternoon.

Interesting that an entire technical session is devoted to Greater Sunrise at Offshore Technology Conference 2023 in Houston on Tuesday May 02. OTC ranks as one on of the biggest trade shows in the USA. Speaker is the vice president of Woodside energy and the moderator is the president of Timor Gap. Could we hear something new? Something positive.
Certainly the plummet in the share price is worrying and depressing and not helped by the complete absence from the company of anything remotely connected with a possible farmout or joint venture of Chuditch. Long gone is talk of a “busy data room”. Certainly absent from our CEO’s recent car crash of an interview.
Like any investor I hope for a silver bullet RNS which will turn this around. I would however prefer to base my optimism on much more than wishful thinking. Zero PR usually means zero interest.

https://2023.otcnet.org/2023-technical-program

Offshore technology conference in Houston Texas. 1-4 May 2023.
ANPM presenting Greater Sunrise opportunities.
Who knows, maybe Chuditch will get a shout out. We need a breakthrough and fast.
I can’t see why the Timor elections should impact in any way business activities including possible farm-out negotiations.
“This series will feature conversations with Mr. Antonio de Sousa, the President & CEO of TIMOR GAP and Timor-Leste government officials, including Mr. Florentino Ferreira, President of the National Authority of Petroleum and Minerals (ANPM), who will discuss their united vision for developing Greater Sunrise to Timor-Leste, its importance for the country’s economic development, and opportunities for partnership and investment”.

https://2023.otcnet.org/2023-technical-program/timor-leste-rise-greater-sunrise-fields

I spoke about this conference on several occasions, the first four months ago and more recently last March. Obviously nobody reads the posts.

RE: Big things coming13 Mar 2023 11:02
Don’t forget Andy presenting Chuditch in late April at BEOS conference, plus
ANPM presenting in June at VR Energy Week

https://www.in-vr.co/global-energy-week

https://www.pesgb.org.uk/events/beos2023-registration/

Ricardo Silva
Partner, Co-Head of Energy, and Head of Timor-Leste Jurisdiction - Miranda & Associates

INPEX and the Abadi JV have submitted a revised Plan of Development for the Abadi Natural Gas Project offshore indonesia, this time incorporating a CCS component. This is an important development considering INPEX carbon neutrality plans and will hopefully breathe new life into Abadi which like neighbouring Greater Sunrise has been held up for too long.

There is currently an amazing window of opportunity for LNG projects, and the JVs with the best strategies, internal alignment, and the capacity to bring all stakeholders together will have the upper hand. This is what negotiations are about. It's not about who can bend the counterparty's arm, who gets to "win" in the end, or who ends up with the greatest stake. It's about bringing a project to FID and maximizing returns for all involved.

It takes persistence, a long term global strategy, vision, diplomacy and skill. Win - win is possible, if you have the flexibility and creativity to get there. Fingers crossed for Abadi and all the other projects out there trying to get to FID!

Nice one. This is a very big deal for us.

CDF, thanks for posting this article. Very promising. The results of the Woodside study should be known very soon. It was never meant to last more than 6 months. Agree a Timor processing hub and Chuditch gets a green light too. Game changer.b

Vetta,
The article was published in 2017 in “Advances in Animal Biosciences”. It’s a meat science paper relating specifically to meat quality. A niche journal although I have peer reviewed for the higher profile journal “Animal”. I don’t want to cite the article preferring to keep my identity anonymous. Nothing to hide but I’ve had a few bad experiences with the internet in the past. Thanks for your interest and delighted to have communicated. I might check out some of your papers. Enjoying reading “ The Song of the Cell” from your fellow countryman, Siddhartha Mukherjee right now.

Thanks Atam.
Again, Nature. It doesn’t get much better than that. I’m blown away. Even the smartest can get mixed up with Gold Oil/ Baron Oil. I don’t feel so bad now.
I’ve also published as first author a scientific paper in a peer reviewed journal but your output and career is simply magnificent. Congratulations. Here’s hoping you bring some of that research magic to Baron Oil.

Vetta, are you the scientist Atam Vetta? Wife Sylvia, respected author.
Correction to Fisher's correlations between relatives and environmental effects.
If so, honoured to have such a distinguished person on this board. If not, a paper in Nature is hugely impressive whoever you are. Most can only dream.

The downstream itself has three important components:
i. Marine Facilities: which we heard and know that TG signed a Commercial Agreement for EPC + Finance and CCECC (China Civil Engineering Construction Corporation) on 26 April 2019, to build a marine facility in Beaco with a monthly: $943 M; The contract also has the conditions required for the partner to complete, through the necessary approvals.
ii. pipeline: According to the statement and information from the previous leadership team, the TG was undergoing an intensive negotiation / discussion with the German company EUROPIPE, which made pipelines according to the specifications available for the GS field and the Allseas Company, which has the name of Herema, to install pipelines from the GS field to Beaco, so that they could also provide EPC + Finance (commercial agreement).

But other fields located in the Timor Sea will also be produced identified with the gas reserves such as the Chuditch gas field, the Kelp Deep gas field with the estimated overall emission of gas in the territory of TL. Similarly, other petroleum potential that has been disconsidered are the fields of Jahal, Hunting the Sea, squilla and Krill located at block 11-106, operated by companies Eni, INPEX and TIMOR GAP. It includes more than 65% of the empty, prospective and unconsulted areas, such as Kelp Deep 13 TCF, Chuditch 0.75 Tcf, etc, located in former JPDA.

A huge amount of preparatory work has already been done by TL officials on a proposed pipeline. German supplier of materials and quotes in place for laying of the pipeline. They are ready to move. Just need Woodside to agree and everything changes in an instant.

Passiton. Ever consider a spot on the company board?
Or possibly running in the TL elections?

We need some decisions on the way forward regarding Greater Sunrise right now. This is a long term project as it stands without further delays. If Woodside don’t choose Timor or it’s couched with complications then TL better have a PlanB ready to go. This is impacting negatively on Sundagas and any potential suitors. The election shouldn’t be an impediment to continued discussions. More showcasing of Chuditch next month at BEOS 2023 but hopefully we make that breakthrough before then.

Government approves legal regime for dismantling the Bayu-Undan field

Dili, 22 Mar 2023 (Lusa) – The Timorese Government approved today the legal regime that regulates the dismantling activities in the Bayu-Undan oil field, with the aim of exploring what was the main source of income for the coffers of Timor-Leste. East.
“With the end of the production life of the two production sharing contracts signed between the members of the consortium Bayu-Undan and the National Authority for Petroleum and Minerals (ANPM), it is necessary to dismantle all platforms, structures, gas pipelines or pipelines, as well as their associated structures and equipment, under the terms set out in the Production Sharing Contracts”, says the Government in a statement.
The decree-law that now goes to the President of the Republic, defines the legal regime for “the exercise of Decommissioning Activities in the Contract Area and in the Land territory of Timor-Leste, simultaneously guaranteeing the protection of health, safety and the environment of Timor-Leste and its people”.
In September, Richard Hinkley, a Santos official - which operates the Bayu-Undan in the Timor Sea - explained to Lusa that the company wanted to take to the Port of Tibar a ship that currently serves as an offshore storage structure and that will be dismantled. in Timor-Leste, in an operation estimated to cost around US$100 million (92.85 million euros).
Other structures may also be dismantled following the end of life of Bayu-Undan, whose production ended in 2022.

Agree with that. The interview has damaged sentiment. Not his style but the actual content. A buyout seems remote as does a joint partner before the license period expires. That’s a concern. Not surprising he came across as almost apologetic and contrite knowing full well the wild and ridiculous ramping surrounding the company. His intention may well have been to dampen down speculation. He’s certainly succeeded in that respect.

He did say the CPR was “pretty good”.
Good to know.

Watched the interview. Yeah, he’s incredibly laid back and not overly excited about anything in particular. Maybe, quietly confident. The take home message for me is that one way or another, we’re drilling a well. He hopes the CPR will encourage potential investors in discussions possibly in June/July. The high valuations over 3p, he seemed pretty dismissive. 1p more realistic. That would be excellent. Unfortunately the wild expectations and millionaire dreaming back of the envelope calculations might be coming back to bite us right now.

Well good luck to anyone “topping up”. There’s been a lot of topping up all the way down from 0.2, including myself. I hear this stuff about share price manipulation and words like “suppression” and I think why not just acknowledge many traders simply dumping their shares. You mentioned the faltering Any Yeo interview podcast. I wasn’t able to open it but by your description it didn’t sound like a man trying to suppress his feelings of satisfaction with major companies knocking at Boil’s door. That would concern me.
I’m not selling. I’m certainly not buying.

Well I agree with the first part of that in its entirety. The question I would be asking is why if the fundamentals are solid and the news coming out of Timor Leste on Sunrise is seemingly good, is the sp falling and selling pretty relentless. Usually progress, even unreported gives rise to buying pressure. Too many investors out there will know far more than is publicly released. I’m keeping my fingers crossed but confidence is waining.