Member Info for glasshalfdrunk

Bline

No intention of getting into an argument, i rarely post for the sake of posting, so didnt really notice that 'no opinion' is the default.

I have gained far more from posters here than i have contributed myself. Im not an expert in gas exploration or Asia/Australasia but i can search the internet for news stories that i think are interesting or are relevant. I am invested here and remain optimistic , each day hoping for 'that RNS' do drop!

I though the article was relevant seeing as we are awaiting news on the Sulu basin licences, no FUD here.

I considered changing my opinion to Strong Buy - but reverted to no-opinion as then in future posts i cant be accuse of ramping if i post something positive! 🤣

Implications for Sulu licences? Positive if independence is kicked down the road a year further? or negative as no decisions can be made due to an impasse?

Comelec to Congress: Decide on BARMM polls postponement by December

By HANA BORDEY, GMA Integrated News

,

Published November 7, 2024 5:55pm

The Commission on Elections (Comelec) appealed Thursday to Congress to decide on whether to postpone or not the first-ever Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) polls by December.

Comelec Chairman George Erwin Garcia made the call at the Senate local government committee hearing on the bill seeking to postpone the BARMM polls from May 12, 2025 to May 11, 2026.

Should there be no law deferring the 2025 BARMM polls, the Comelec chief said they will proceed with all activities related to the upcoming polls, such as the acceptance of the certificates of candidacy and the accreditation of regional political parties.

The filing of certificates of candidacy for the 2025 BARMM polls is from November 4 to November 9.

In an ambush interview, Senator JV Ejercito, chairman of the Senate local government committee, said they are eyeing to pass the bill within the month of November.

"Hopefully by end of November maipasa natin in line with Comelec deadline on the second [week] of December," Ejercito said.

During the hearing, Presidential Adviser on Peace, Reconciliation, and Unity Secretary Carlito Galvez stressed the need to defer the BARMM polls following the Supreme Court ruling on the exclusion of Sulu province from the autonomous region.

As he warned of possible "ramifications" from the peace agreements after the SC decision on Sulu's exclusion from the BARMM, Galvez said the OPAPRU is seeking a proper transition plan for the province.

"The one year election reset is also the perfect time for the Bangsamoro Transition Authority (BTA) to refine existing Bangsamoro policies and codes in preparation for the election. Given that several Bangsamoro policies apply to the provinces of Sulu, the BTA must be accorded ample time to review and amend these as needed so that it will not be vulnerable again for challenge for its constitutionality before the Supreme Court," Galvez said.

She even noted President Ferdinand "Bongbong" Marcos Jr.'s earlier pronouncement last February 5 where the latter said the first BARMM election next year should be a success and last April, saying that the polls should push through next year.

"Why the sudden change? If the reason is Sulu exiting BARMM, what if the Sulu exit in the Philippine hypothetically?

Further, Mangudadatu claimed that the current Bangasmoro government is led by the MILF.

But despite this, she said "violence between and among MILF groups and individuals continues to emerge destroying the peace and order of BARMM."

Is that a carful of banana skins or should i be careful?

or maybe be careful of the carful of banana skins? 🤣

Apologies if this has already been posted but theres is too much banal drivel to wade through from the Trolls and Fudsters!...

I think we know a soon to be Helium supplier in Colorado.....

Helium Super Summit: US ‘needs more helium'

The recent decline in US helium supply has created a clear long-term opportunity for helium producers in North America. That’s because it’s a molecule that is expensive to transport and store, and there are risks that attach to moving it around the world, with geopolitics playing its part.

Ferguson argued that political instability really matters when it comes to helium, given sanctions on Russian helium supply in many markets and instability in the Middle East, threatening shipping routes and more.

“Next to this, you already have US supply falling – but the size of the market is not changing. It all adds up to an opportunity in domestic supply for the US market and for adjacent markets. Remember, too, that there is likely growing demand from the semiconductor fabs that are under construction in the US. The notion that US strategic and business interests in semiconductors, healthcare, and aerospace will increasingly rely on Russia and Qatar as key suppliers, even if indirectly in the case of Russia, shows what’s at stake.”

Surely its in Black and white in the contract - either KOD pays or KMUK pays - shouldnt be any ambiguity, if there is then whoever drafted the contract on KOD's side is in the firing line!

Kodal Minerals plc

("Kodal Minerals", "Kodal" or the "Company")

Announcement from Hainan Mining Co., Ltd on MOU with Mali Government

Kodal Minerals, the mineral exploration and development company, notes the announcement made earlier today by Hainan Mining Co., Ltd ("Hainan") in relation to the binding Memorandum of Understanding (the "MOU") between the Government of Mali, Kodal Mining UK Limited ("KMUK") and KMUK's subsidiaries, Future Minerals SARL ("Future Minerals") and Les Mines de Lithium de Bougouni SA. Kodal summarised the key terms of the MOU in its announcement of 1 November 2024.

Hainan has stated in its announcement today that the US$15 million payment due to the Mali Government by KMUK and Future Minerals is in respect of taxes due to the Mali Government. Hainan also notes that, pursuant to the KMUK financing agreements entered into between the parties on 19 January 2023, taxes arising from the US$117.5m Hainan funding transaction relating to the Bougouni Lithium Project located in Southern Mali (the "Hainan Transaction") shall be borne by Kodal and that KMUK is reserving its rights in respect of any claim against the Company in relation to the US$15 million payment.

Kodal notes that it was not consulted by Hainan on its announcement released today and that the position stated by Hainan is not consistent with the discussions and correspondence between the parties and the Mali Government in connection with the finalisation of the MOU. Kodal's understanding of the position reached with Hainan is that all parties acknowledged that the US$15 million payment would be borne by KMUK.

Further announcements will be made as appropriate.

Thought this article was interesting whilst we sit on our hands waiting for news!

Not related to Sunrise but does re-emphasise that Woodside wants/needs gas 👏

https://thefifthestate.com.au/columns/spinifex/that-sucking-sound-you-hear-in-western-australia-thats-woodside-vacuuming-up-all-the-gas-it-can/

Nice change to have a Blue day! Maybe a blue week with the £110k late buy popping up?

Oversold has been mentioned from about 50p downwards! but surely now its going to bounce from its floor?

Zoffy didnt you post this yesterday

"So the last one was 590,000,000 new ordinary shares at a price of 1.089 for £6.43m

I'm thinking maybe another 590m+ at less than a penny. It's not looking good but at least the BOD will get a free lunch for another few months..."

if you know f... all say f... all

Scarletvixen

yesterday you were claiming that the price was on its way to 0.5p with an imminent placing!

why dont you just give it a rest, if you know f.... all best to say f... all

Philippines Licence Round Application

Sunda Energy Plc (AIM: SNDA) is pleased to announce that, in line with its refined strategy to focus on gas in Southeast Asia, it has submitted applications for two offshore licence areas in the Philippines which contain several material gas discoveries and significant upside potential.

As highlighted in the Company's announcement of 12 August 2024, Sunda has been actively screening new business opportunities in Southeast Asia. These include a number of possible new ventures where significant interests in material gas assets with low costs of entry may be accessed. One of these initiatives has resulted in the licence round applications being made in the 1st Conventional Energy Bid Round of the Bangsamoro Autonomous Region of Muslim Mindanao ("BARMM") in the Philippines. These applications have been made in a joint venture partnership with three other companies and, if successful, Sunda expects to hold a 37.5% non-operated interest in any resulting service contracts that are awarded. The application areas are offshore and contain several material gas discoveries and significant upside potential which the Company hopes to evaluate following award if successful. It is expected than any resulting service contracts will have modest initial work programmes.

There is no guarantee that the applications made will result in award of new assets to Sunda Energy, nor is there certainty of the timing of any potential awards. Further information will be announced as appropriate and when available to the Company.

Dr Andy Butler, Chief Executive Officer, commented:

"Whilst the Company remains strongly focussed on its upcoming appraisal activities on the Chuditch field in Timor-Leste, Sunda is also actively pursuing a business development strategy to target assets of similar materiality and in line with the Company's goal of building a substantial energy business in the SE Asia region. I'm pleased that we are proving able to quickly execute on this strategy. This Philippines initiative focusses on an area where the Sunda team has considerable prior experience, and I believe that this can add significant early value to Sunda if it is successful."

AJ Bell had me owning over £4m worth of shares when i did a dummy sell this morning - I've been accumulating but not to that level! you'd think changing from BOIL to SNDA wouldn't be the most complicated process for a broker to manage!

Not showing yet on AJ Bell or on Google Finance

Looks like a Military coup per the BBC!