Member Info for hopingforbags

This provision commits the SJV, Australia and Timor Leste to agreeing that the gas from the Greater
Sunrise fields will be piped to, and processed onshore, Timor Leste. Woodside and Osaka Gas voted NO.

They claim they want more studies. Timor GAP believes this is a classic example of a corporate bully
holding a poor, developing country to ransom just to engorge their balance sheet,” Timor GAP said in a
statement, on 2 December

On 23 November, Timor GAP’s management team initiated a vote of the Greater Sunrise Joint
Venture (SJV) partners on its proposal to include a special provision in the new PSC, which needs
to be signed before any development of Greater Sunrise can progress.

Why reporting this now, meeting turned down on 23rd Nov, Meg and Woodside have since
(erm cough) reviewed the situation, going for new studies of their own.......ffs

;))

RTO Failed to raise cash - Tranche 1
Pursuant to the terms of the Carry Agreement, executed between SundaGas and Baron on 27 January 2020,
Baron has paid the sum of US$521,149 to SundaGas to reimburse it for Baron's 33.33% share (25% Chuditch)

Tranche 2 March 2021
Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company, is pleased to announce that it
has entered into a conditional agreement whereby upon completion Baron will increase its shareholding in
SundaGas (Timor-Leste Sahul) Pte. Ltd ("SundaGas TLS") from 33.33% to 85%, and thereby increase indirect
interest in the TL-SO-19-16 PSC (the"Chuditch PSC" or the "PSC"), offshore Democratic Republic of
Timor-Leste ("Timor-Leste") from 25% to 63.75%

Raised £3m placing and

Baron has agreed to fund the remainder of the estimated US$3.5m Chuditch work programme to November 2022

Tranche 3
Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company, is pleased to announce the
alignment of interests in relation to the Chuditch PSC, by way of a **************, whereby Baron has
agreed to acquire the remaining 15% of SundaGas Timor-Leste (Sahul) Pte. Ltd. ("TLS")in exchange for
the issuance of 1,157,202,885 new Baron ordinary shares

shares bouncing around 0.05-0.07 p.p.s. at the time........

As said , Super Majors asset , no tender awarded to Sundagas, picked up for a song
by Baron, for what Shell had already mapped , seismic and discovery drilled in 1998
spending $47m in doing so at 90's prices.........this was always about profit when
the area opened back up.........never FFD or production.....GLA

;))

When we tried to RTO SundaGas originally, 2nd asset in play Telen
disappeared from SG website long ago.....

1. Chuditch

2. Telen Block, offshore Indonesia

SundaGas Indonesia Telen B.V. (a wholly-owned subsidiary of Target) operates with a 100% working
interest the Telen Production Sharing Contract (the "Telen PSC"), offshore Indonesia, containing
the Hiu Marah drill-ready prospect, which has independently audited best estimate prospective
resources of 126 million barrels of oil and 208 billion cubic feet of gas.

The Telen PSC was acquired from TOTAL in March 2018. SundaGas is currently running a process to
farm out the drilling of the proposed Hiu Marah well which is currently required to be drilled
by 8 October 2020. The exploration phase of the Telen PSC runs until 8 October 2022.

A performance bond of US $ 4.45 million has been previously provided by SundaGas in respect of
the Telen PSC and it will remain in place following completion of the Proposed Transaction.

Others doing the heavy lifting, Baron an investor in Oil and Gas assets
early development again others doing most of the work,,,(Sundagas)
and sell on , when deemed best exit strategy, be that pre drill, after first
JV drill a success, FFD and production never in it.

Company strategy, to build a PF , of high interest Holding, taking a higher
interest, leaves scope , to cash in all or part for JV as appropriate.....

earlier post 0.42% Toho Gas

And spot on, the plan since trying and failing to RTO Sundagas in Nov 2019
(nepotism related Dr Buttlers on each BOD) has been to snail pace until
area movement returns and SELL for a massive profit.......

SundaGas got Chuditch in a NO TENDER award and since, Baron have taken the
full 100% in 3 stages for a song.........production has never been in the equation.

Baron, is an investing company - full stop.

:))

That's ok Rob
you can buy some with your profits.........lol

;))

Inpex , also have the Ichtys field which has its own planned pipeline Eastward to Darwin
OZ has 3 large CC developments itself , one up North near Darwin , the other 2 , over
Perth way WA and the final one the expanding Queensland on/offshore region.

The Ichthys field is situated on block WA-285-P in the Browse Basin, Timor Sea, Western Australia.
The gas and condensate field lies at a water depth of 280m.

Tokyo-based Inpex is the operator of the Ichthys field with a 66.07% interest. Total E&P Australia holds
30% interest, while the remaining interests are shared between Tokyo Gas (1.57%), Osaka Gas (1.2%),
Chubu Electric (0.73%) and Tokyo Gas (0.42%).

The field’s development is expected to require an investment of $35bn

Tokyo and Osaka Japan, hold 5-10% in many Timor Sea ventures

Bayu-U Tokyo 10%
Sunrise Osaka 10%

Little doubt, if things move, they will want in for Gas to the cities they serve.....

;))

Gas will be in demand , long after the powers that be quash Oil

Recent articles, 40-45% of the future , which is Hydrogen (Blue/Green) is still
expected to be derived from Natural Gas.......

;))

inpex targeting Oil not Gas

By making selective investments in OIL PROJECTS, the firm expects to ensure production and
early cost recovery, despite the uncertainty in the long-term demand outlook, Ueda said.

SundaGas factor

ZERO TENDER, awarded Chuditch for services rendered........

Showcased as part of the new TL's own industry launch and bid round Nov 2019
after ratification of the 2018 Maritime boundary agreement, in 2019 and Shell
Conoco, disposal to T/Gap.........

Come on Horta/Gusmao , showcase them again, and blow everybody's doors off

:)))))))))

Jarv
Government addressed that a week or so ago, had talks with Shell, Conoco and Santos
for East Coast (Queensland) production to be ramped up , and jobs involved, over 3k
extra.........

Also stated , would be very supportive, as while production ramped up, Exports of Gas/LNG
could reduce, they do not want that, they want to maintain, its share of the world market.

New acquisitions or advancement of other projects would probably be required.......

The 3 named, in those talks, know all about the Timor Sea

Conoco original owners of Bayu and pipeline, JV with Shell Sunrise
Shell who also had Chuditch and Santos who AQ'd Bayu and some
of the Darwin facilities, last read Conoco , still owned the pipeline it
built and remained operator but was up for sale.

The Korean's in the JV , then took part of Darwin , all geared to their jv with
Santos at Barossa........

Koreans , ENI , Santos , have a lot riding on expansion in the area and with the latest
death knell for Barossa, might just decide to jump in ahead of the competition.

;))

Baron , will not be taken out, our now owned subsid 100% Sundagas
will be sold on........at the right price....per CEO at presentation.

;))

https://corporate.exxonmobil.com/climate-solutions/carbon-capture-and-storage#:~:text=ExxonMobil%20has%20cumulatively%20captured%20more,Climate%20solutions

States PSC and PMC petroleum mining code, have been delivered to the JV..........

END GAME ,,,,,,,,,,in play

;))

Sunrise latest , October tender , ready by 2030
way to late for Domestic supply

The Gas/LNG Import facility , originally in the Tasi Mane project plan , to be co-located
at Beaco on the South Coast, was removed after April-December 2021 new studies,
which recommended an alternative site on the North Coast , near the capital Dili.

And the Wood Group and Island announced February 2022, that location for a major
ALL Imports complex (not just LNG) would be Hera Metinaro , to the right of Dili.

Later reported that FID for the Northern project would be during 2023

The name Tasi Mane dropped recently and a new department announced with
all Island remit, office of Infrastructure planning and development.

its budget projections are 2023 $202m, leaping to 2024/2025 $1.3 and 1.2 Billion
which fits for , increased funding required if that FID is a go........

Its not Beaco, that's much larger finance, most recent quotes around $12 Billion.

SundaGas , Chuditch drill or drop , has always been 2023 (same as project FID)

SundaGas on the Island since 2016, helped establish all the Island entities, T/Gap
ANPM , Presentations, training and co sponsored the first to Oil and Gas conferences.

The SundaGas factor, is our big advantage over the others........including putting Woodside
noses out of joint, if we are soon selected as supplier of those domestic requirements...

:))

Posted yesterday , from the T/Gap annual report in 2013, they did have another
plan, that was with floating's and flexible pipe, to feed gas off Bayu , to the
South Coast power station and Oil refinery area at Bettano, to the West of Beaco

but still favourite, who ever takes over and get a deal with the Island

SG - CHUD - FPSO - LNG Ships - Hera Metinaro Gas/LNG Import terminal -
Power Stations - Electricity for all.......as long promised.

All in place by 2025/26..........GLA

:)))))))

Think they are flowering again, world largest, world leader is Exxon
who have just increased its in operation already facility that deals
with their own 4-6 mta CC , for Wyoming, Colorado and Nebraska to

8 Million+ tons per annum, with plans to increase further, TL Bayu looking to
Grow to 10 mta over time...... Exxon have other sites but that one is heading
to that level and beyond already......

Need a new first step now that Barossa taken out of the Game, with pipeline 2
project now also in limbo, that was gas input to Darwin, the current Darwin
Bayu to be waste and carbon to Bayu.......

With the Island set on Beaco, Sunrise out of the game, so Santos best move is
to keep all on track by taking Chuditch or Evans Shoal (North of Barossa) as
the location for its new HUB, had previously spoken of Evans as a potential
user of the Barossa line but that would be more complicated.

Leaving an alternate pipeline 2 Hub ( Shell original plan) directly South from TL waters
to then run parallel with pipeline 1 to Darwin, as was planned with Barossa..

It's another in the mix possible for Chuditch but still see the Islands Domestic needs
driving them to want SundaGas to complete its FPSO plan and supply Hera Metinaro
Imports facility near Dili (LNG tank farm, LPG and more FID 2023)

GLA...........END GAME .........in play.......were we land who can say........lol

;))

Local NGO Lao Hamutuk , had the Bayu CC project as a drop in the bucket for
Island finances, for initial plan, was expected to coin in only $50-$60m a year.

With Barossa out of the picture, that's gone, so once more, the likelihood is
they have to allow an alternative, so Santos can keep the project up and
running, with as said its original plan for 3rd parties, to also feed pipe 2
and onward CC at Bayu (which would increase potential revenues to TL)

Santos , will be thinking about it, they spent a lot developing Barossa and
years getting it approved and past various legal objections, in oz and Korea
before the latest episode, with the Tiwi Islanders got them.....

Pretty sure if they , piped Barossa North away from the Tiwi Islands, to say
a new Hub in TL waters, they would be happy to cut those losses, to get
their long term plans, pipe2 and CC projects back on track........

Or would Horta/Gusmao, tell them welcome to Beaco but you can
still throw the carbon in Bayu.........lol

;))

bieeeeeeeeeee

From the budget for 2023

Petroleum Import Terminal , Hera - Study and design $90m
Fid 2023
Includes the LNG Tank farm - Domestic supply

Parliament originally, Convert all power stations to gas by 2025

New Infrastucture planning and development department funding
projections

2023 - 202m

2024 - 1.3billion (what else would this be for)
2025 - 1.2b
/
2026 - 746m
2027 - 292m

Dots
Chuditch - FPSO - LNG-Shipping - Hera - Gas Power Stations - Electricity for all

GLA

later gators

:))))))))

Yes they need a new source, Santos had Bayu as CC, via the old pipeline
and the new pipeline 2 duplication project, the gas input to Darwin

A straight south pipe from Chuditch would also be cheaper to build than
the original Barossa - Darwin path....... (Shells original plan for Sunrise
was the same directly south, not through the trench but in its case, to
tie into the Bayu-Darwin pipe near oz........

The pipeline 2 project has been approved and Santos budgeted over $300m
Would just have to change the hub location, from Barossa to ?????????

When talking about the pipeline 2 project originally, words on other nearby
projects using the new line , included Evans Shoal, near Barossa

Eni/Santos also have a jv mou , to acquire more Timor Sea assets
(Indonesia-TL-OZ waters)

;))