Member Info for hopingforbags

What we do not know, is the results of the new studies the Island did in 2021
on announcement it included CHUDITCH, Kelp and Greater Sunrise (Gas and
Troubadour 250mb condensate)

As said many times, that's a potential around 30 TCF, starter, for someone
to seriously consider, vice the lame Sunrise only and take it from there plan
previously.......

Can only be the 20 year politics and mixed messages, that is stopping that
progression, with or without OZ being involved.

The Emirates etc , all have the deep pockets required, Qatar state owned , jumped
in recently on the two massive discoveries offshore Namibia, Shell and Total had
presented delaying developments, Minister who is also CEO of the state owned
and his team, immediately flew to Namibia, to get things moving QUICKER

Talks with Gov and then the Majors did a u turn, to advance , the next stage

We are talking 3 large fields sitting idle, with a high probability, like the other
sides Indonesia/OZ waters, prolific since the mid 1970's, more giants to find.

That in today's world is a tremendous Gas play, 30 TCF with upside.

Still think, we are most likely for the Northern Project, despite the Sept 2021
studies , chucking its hat in the ring......

Also as said many times, think when it all happens, it will be very quick and
be it SundaGas taken over/out by an early mover, or breakthrough with who
will fund building/operating Beaco, Sunrise PSC or beyond......

We are in the end game.........we lth's have waited this long...........decision time
has always been 2023, what's a few more weeks to the CPR

But before that, the not so small matter of 2x Dunrobin , Golspie, new leads?
seismic by Q4, that could bounce us back into Blue Sky territory, before the
main event.........GLA

Upland , had completed and analysis commenced late summer, initials looking good
so should, still be able to meet that before end of year target........GLA

:))

Invited them and many more, since 2019 start of own industry.
very few entered the 2 1/2 year bid round..

World tours , many, the first one , the team did presentations in
USA , Canada , France , Japan and Dubai

If remember , Dallas , Toronto , Paris , Tokyo the others.

many others since, with a stall at some expo place in Dubai
open several times, for all sectors promotion......

Interesting used the Tasi Mane ref, they dropped that from the books
now absorbed by a new office, with a wider scope ALL ISLAND, not
just the South Coast.....

Now mentions multiple projects, inside which , include

Northern Coast
Hera Metinaro Imports Terminal and facilities, LPG , LNG tank farm , others - Domestic USE

South Coast - from right to left, previously under now supposed to be dropped name Tasi

Beaco - Gas/LNG Exports and port, deep water jetty to the right for LNG Shipping
Pipeline from Sunrise HUB (multi user) on the left

Suai port - Support services to offshore Industry

Bettano - Oil refinery -refurbishment and expansion plan.

:))

No point Fish
They and those sitting on the side lines all know the score, same old same old
for 20 years........

Even the few that did enter the bid round, seem to have gone into a holding pattern
all the new PSC's were supposed to be signed off by June.

Anpm recently announced NONE have been and all now expected , end of year-Feb 2023

Smacks of they are all waiting on clarity of their own (and sunrise) before committing
hundreds of millions to exploration and development...........

As said before , the 3 majors spent over $400 Million before mothballing Sunrise
discovered 1974.......Invasion- peace keeping force - limited exploration started
again and 1998 both Kelp and Chuditch discovery drill.........then impasse

No reason to suspect , more monster deposits , not waiting to be found, as they have
been and still are, either side of the TL boundary.

Posted one a while back , an OZ senators speech back in 1975, after the first discovery
drills in the Timor Sea , something on the lines, we stand on the cusp of a historic
moment, the Timor Sea is an unfolding the potential to be a new Middle East...........

Indonesian and OZ waters have continued to be prolific since the 70's
as said the sector know what's possible, just need encouragement and clarity

.............gone

World banks and the IMF , Provide a huge amount each year aimed at the
projects within, the TL 2011-2030 Strategic Plan.

That in itself was reviewed recently and now the 2022-2030 revised edition

As Lao Hamutuk has published many times, those projects now still lacking funding
and fallen well off schedule. The IMF in particular has conditions to progression of any
further support and loans......

Lao Hamutuk, warned of heading for a fiscal cliff, many years ago, they are now facing
that reality, IF they do not establish new revenues ASAP..........

As it's been since day 1, still all in their own hands, to make it happen sooner.........

;))

Later Gators............................

They do the vast majority with various World banks or foreign aid/loans , or combined
with part payment from the Island fund.

Their funding via some of those institutions, now also in a review status , before they get
any more, linked to Islands progress (other than oil and gas) which on most projects and
sectors , has not achieved its objectives (often reported by local NGO Lao Hamutuk)

They should not need much for the Bayu CC project and Lao Hamutuk said
recently for TL , its not a big project, will at planned rate only bring around
$50-$60m per year into their coffers.........

Beaco , is a very large billions sum, which they have many times asked OZ
and others to stump up, most recently the USA, threatened China talks

(although BRI previously turned down - but have built a lot of the other
infrastructure on the Island)

and have also mentioned possible talks with , Japan , Korea and Indonesia
to do themselves would wipe out their fund.......(pays 85-95% each budget)

They have catered an extra projected 1 billion for 2024 Infrastructure budget (2023 300m)
(suspect that is for the Northern project FID 2023) with higher funding also 2025/2026

If area comes back to life , they will have to also provide or find alternate funding for
Timor Gap as it has a holding or option holding on all new licenses, it is funded by
Government including to be paid back loans from the Island fund, including the £650m
paid to the Shell/Conoco JV within the JV at Sunrise , years after saying they where done
(mothballed 2004) declined FLNG 2008.

Did not finally depart until after the Maritime boundary was settled in 2018 and ratified
in early 2019 - Nov 2019 Island NO TENDER award to Sundagas and start of the worst
bid round in history over 2 1/2 years , for 9 bids on 7 or the 18 available licenses......

That in itself , should have clued them in to what they needed to do, to get the sector
back onside. CLARITY not MIXED MESSAGES.......

Could not get any clearer, if they agan showcased Sundagas with an FPSO permit and
domestic supply contract, to show the world OPEN FOR BUSINESS........come and
grab a huge acreage license, likely to hold more Sunrises and Chuditch's , or come
and wake up Kelp, Kelp Deep 14 tcf sitting idle........

Sunrise has for two decades become a sideshow, time for them to push forward
the rest of their 50,000 sq km of further exploration and discovery acreage......GLA

;))

Manyana Banana's

Now this one has possibilities of a return to plan, given the Hera
Multi hydrocarbons including LNG, Northern development.

They had a plan back then , which was shelved, for piping supplies
to the Island from flexibles........

Hera floating receiving terminal
TIMOR GAP had a project for a floating receiving terminal to secure petroleum products for the national
demand. In 2013, TIMOR GAP and Isar Multi Guna (IMG) set up a conventional buoy mooring with floating
hose facilities to enable a direct delivery of fuel to the Hera power plant.

However in 2014 TIMOR GAP concluded the project was no longer viable due to the
government plan for the construction of a permanent jetty.

That plan from the diagrams, looked to be planned from Bayu Undan, which is
now main reservoir depleted and running on fumes from offset reserves.....

So , shows they had plans for area gas back then , other than just Beaco.....
Chuditch FSPO and onward to Hera, could be a replacement for the same
fuel supply plan........it fits with what else is going on and their domestic
supply project at Hera

:)))))))))

LNG Plant in Beaço
The government of Timor-Leste aims to develop the gas from Greater Sunrise field through the building
of a subsea pipeline to onshore Timor-Leste, and with the establishment of an LNG plant to process the
gas in south coast Beaço, Viqueque (100 km from Dili).

The Beaço industrial cluster project comprises:
Gas pipeline
LNG Plant
Marine facility
Nova Viqueque and Nova Beaço towns
Upgrade of the Viqueque airstrip

Gas Pipeline
The gas pipeline to transport natural gas from Greater Sunrise to Beaço has been well-studied from
Feasibility Study to Pre-FEED and FEED. In order
to meet the requirements of FEED, a specialized survey called ‘Detailed Marine Survey – DMS’ was
commissioned. All studies have been completed by 2013 which results showed that building a 24-inch
pipeline to transport natural gas from Greater Sunrise to Beaço is not only technically feasible but also
commercially viable.

Moreover, potential contractors for both pipe-mills and pipe-lay confirmed having the capabilities
to deliver the Greater Sunrise to Beaco pipeline project competitively in regards to the specifications
requested.

and here they are once more, 2021 new studies done by the Island , which they initiated with
using Chuditch , Kelp and Sunrise coordinated development to feed all from a pipeline HUB
at Sunrise

Island has gushed how good the new studies are but kept all details confidential
Ding Ding round god knows........Woodside now to do their own AGAIN......

Someone the other day, said how many meetings, well its a few, this from another
Timor Gap publication

The 15th Sunrise Commission meeting was held in 26 November 2014 in Canberra

Meetings with Woodside took place in October, November and December 2014

The print below are the real prints, on the market itself

What you see elsewhere , all after the volume is GUESSWORK
added

Same slot daily , if you look across many shares all get them 1700-1730
with end flags ECHO XOFF

ECHO - other than London Main platform execution , that would be XLON XLON
XOFF - off Exchange

Its publication of spreads in play.......

We have IG with a TR1 on Boil, most of it and more elsewhere is one of
our residents, spread betting, he has owned up to a few of them , before
they have been later published in that 1700-1730 slot

A week or so ago, he even informed the board, spreads where no longer
permitted, we then watched the daily trade in that slot, move daily from
£328k , £180k , £57k , £6.9k to zero.....

It's a balance, if none left in play by the end of the session , no print

Yes
wondered about the year, the January list of news is labelled 2022 .........lol

;))

but yes , it does say Nov and Dec 2022.......so as all the ceo's and their own
dictionary definition say, must be SOON !

Seen on many shares 1700-1730 With the ECHO XOFF flags
the daily spreads balance, price means zip.....

02.12.22 17:08:15 0.75 GBX 2,000,000 15,000.00 Off-Book P ECHO XOFF

Normal trade

02.12.22 16:24:32 0.74 GBX 676,589 4,999.99 Off-Book P XLON XLON

XLON conducted and executed on the London Market

Had a player on another share, last week same slot daily

£324k , £180k , £57k , £7k and finally £0k

The usual board player announced that before the end also
reporting IG (Who have a tr1 ) no longer allowing spreads, that
remained the same for 3 sessions, then allowed and same one
in the 1700-1730 slot........overall balance , not a single holders
amount, or in Rob's sometimes all his as earlier claimed.....

The 1700-1730 timeframe is a common one on many shares daily
the spreads slot

Have a large player on Boil, who often admits to them , gives the amounts etc
and that's where they turn up..........he only has about 340m shares on it and
plays all the time.........GLA

;))

Have often bought at near bid and sold near ask and even above
when a share in vogue and the MM's hunting to fill orders.

No price is ever a certainty............GLA

;))

As have said for 3 years Christoff
Only they can make it all happen for the rest of the 50,000 sq km

And the best way they can regain the wider sectors trust, is hold another dog and
pony, showcasing Sundagas and Chuditch like they did in the opening of their own
industry Nov 2019.

NO TENDER award of Chuditch to SG, for helping them build T/GAP ANPM , Training
presentations and Conferences from 2016

This time , a come and get it message, SG permit awarded for FLNG and cherry on
top the contract for supply to the Islands new LNG Import Facility up North, to
supply 3 being converted to gas power stations.........

Give me the dam job, I'll do the promotion and pr ..................lol

;))

What it looks like on the real market

02.12.22 13:13:44 0.24 GBX 6,000,000 14,280.00 Off-Book P LRGS AIMX AIMX

Labels like unknown nothing to do with the markets, just misleading
3rd party sites who all use A BEST GUESS algorithm

anywhere you see red/blue or buy/sell it is a 100% guess......

Algorithms all the same, based on what that sites Dimbo algo thinks is mid price

All above Buy
All below Sell

All exactly on its mid or prices moved on UNKNOWN

All after volume added artificially and all based on what it thinks is current
data, be the trade placed , 3 minutes, 3 hours or 3 days ago (seen them)

;))

at current Gas prices, they should be biting their hands off and getting
on with it, as we all know, oil and gas go in cycles and wild swings

POO 2013 Brent $166 a barrel , predicted going to $200 dollars
world event and hit a low of $12 WTI as a result, now predicted
in another super cycle.

Gas prices over the years , similar large swings but until recently
not quite as wild........lol

Recent studies, future Hydrogen Gas production, is still expected to be 40-45%
derived from Natural Gas.........so carbon zero, does not have the same impact
as it has for Oil........Gas going nowhere......here well beyond anyone on these
boards bucket cycle.......GLA

;))

That was for taxation rights
the PSC as redorwhite recent post

;))

Nice article but the Island flowering things as usual

Its not the biggest in their section of the Timor Sea, let alone the whole
Timor Sea.........lol

but as they say go big or go .........

The pre recent years negotiations, was a 50/50 split but OZ trying to get things
moving previously , bent over and that became 70/30 or 80/20 both in favour
of the Island be it Darwin or Timor Leste

The TL negotiator , walked out of the meeting, stood on the steps and said
we are now getting 80% when it comes to the Island........

Doug
that is deffo a possibility, Woodside took out BHP earlier this year as part of its
own expansion and development plans

Likewise NYSE listed ENI and Santos, set up a new MOU , to acquire more assets
in the Timor Sea (Indonesia/TL/OZ)

For the infrastructure the Island needs a big funder