Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
see that has , same as I posted yesterday, sharp U turn from a meeting just
a couple of days earlier, has the OZ Gov given Meg some sweeteners......lol
It seems O’Neill has been nudged towards political correctness, perhaps by the Australian Labor
government, which won power in May, and that has a historically strong relationship with East
Timor’s leadership and powerful elite.
Also said Albanese on becoming PM , increased the budget for the TL/OZ Gas/LNG cooperation
fund, set up by his predecessor in the Summer......
Certainly feels like she has been given a nudge, as also said yesterday, they have done the
studies several times in the past , both Wooside and TL , multiple times.
All have come up with the same, challenging, expensive but CAN be done.....
perhaps, Albanese has given financial assurances and assistance if required.
Woodside have not done a recent study, the Islands latest was a multiple field
coordinated development, not just Sunrise, providing much better economics
of scale, plus the price of Gas has gone ballistic, since their last studies......
The ball is rolling, we now wait, as usual, to see if Meg agrees with the recent Timor
Leste studies (keeping results confidential) they say are as cheap as going to Darwin
:((
That story spreading , later it was on other magazines, like Natural Gas World
and mainstreams like Reuters...
Perhaps the reason for our , switch from well in the red, to a rapid recovery
and although dropped back again, still blue for the day.........GLA
Tomorrow
FOMO Friday once more.......
:))
yes Davies grabbed and posted that first thing this morning
Seems like , from her answers to the question, a solid in action reply
as opposed to a quick off the cuff response.......
But they have done the studies before, will they change their opinion
on completion.
At least they are giving it some consideration again, it at least keeps the door
open, to getting the PSC done by end of year, as both sides have stated many
times and in Meg's case, then we can think about the rest......
Strange to have the came out of meeting at same old , loggerheads and a day
later, at the Woodside 2022 shareholders and presentation day 2022, give such
a U turn response........
Perhaps only part of the story, maybe OZ Gov has offered some sweeties
to get it done........lol
:))
Nice finish today, no 1635 UT trade or anything in the
1700-1730 spreads slot......
Had reappeared, after none for over a week, unless being printed in the morning,
one did while they where in full swing, dropping down from £324k to zero last time
A week to Uplands AGM, have they had the chat with us and RBD, to make an update
announcement on Dunrobin, in the next few sessions ?
or even light up FOMO Friday
:))
lol
Missed on that last post, the OZ Government , stated that in order to increase
Domestic supply requirements.
It would mean potential cuts to exports of Gas/LNG, so new acquisitions , or increased
production would be required , for them to maintain their leading export position in
the world market place.
They would be supportive in any way they could, to enhance both Domestic and
Export developments..........
Has me wondering , if the sudden Woodside U turn to look again at Island processing
is due to some Government smoothing and further moves being discussed in the
background.
We know PM Rauk and the former OZ pm, had a virtual face to face , at which the OZ PM
announced the setting up of a NEW Timor Leste Gas/LNG development fund.
He lost the election but new PM Albanese shortly after taking office, increased the scope
and size of that new fund.
We also know Meg the CEO of Woodside and the same PM Rauk , also held a face to face
on the back of which, Meg was all gushy and honoured to be given the meeting and said
to Rauk, Woodside would be delighted to continue their long relationship with the Island
and conduct more EXPLORATION ?
Lots of Australian interest bubbling to the boil in the background, fingers, toes and bring on
the contortionists, some of it comes Baron's way, soon after the CPR published in January.
;))
Never even look at sp's and old ones are worthless
It's always achievable MC, sp a moving goal post , dilution etc........
MC high not sp rules the way, if you have made say for e.g. a £30m
MC previously IT unlike the sp is still valid and can be exceeded with
progress
Achievable MC - Divided by CURRENT share base = sp potential
The only equation I use.......
GGP from ground floor, on developments moved to over £1 Billion MC
Cobra in a good postcode and without finding the scale of possible 18
deposits GGP claimed and the major next door, came had a look and
agreed.
FIrst target , the one that the real II's and Funds look for, stable share with an
MC over £50m or USA Equivalents $100m, many have it in their investment
criteria blurb.......
They start arriving ahead of their own criteria, you know your on to a big winner
with a name in a TR1 that can multi-bag a share on its own.
They look for organic growth and potential longer term dividends, sticky holders
breed big rises...........GLA
;))
With REE and Gold , without doubt, a few will be watching Cobra developments.
It's always a good move if they do take control, for a small hit of
either production royalty or offtake agreements.
A developing large scale asset, is ALWAYS, likely to become bigger
so early move, gives Cobra all of the upside developed moving forward
far better being directly on our valuation, than lost on their's........GLA
;))
Shell and Conoco , could get interesting, they originally developed
both plays, they had their own JV within the main JV, Shell the operational
side and Conoco, with customers all lined up and probably the pipeline
as they built and operated , Bayu-Undan pipeline to Darwin originally.
They know exactly what is there and the extra upside on the rest of the license
they mapped more all the way down the southern edge to the South West.
Shell becomes of more interest , monitoring developments, since its hammering
in the Hague courts, stated moving out of Oil and into large scale Gas and Gas
infrastructure projects, which it has done, with new AQ's and developments in
Africa and the North Sea.
Last week an additional element emerged, Queensland Gas/LNG to be ramped up
to cater for OZ domestic supply, the 3 players mentioned, Santos, Shell and Conoco
Strong government support, which also stated , they wish to hold on to OZ's position
as one of the worlds leading Gas/LNG Export players.....
Given their change of focus, Beaco operator/funder and taking assets back in the TL
and other parts of the Timor Sea , might just be being looked at.......GLA
;))
Shell might just return to claim their balls back and more..........
Only added around 5 billion shares, placing plus offer taken up.
Churned the new total share base approaching x3 since news....
No longer under the radar, just in a holding pattern, until fresh news
on Dunrobin (2 X Dunrobin leads and Golspie could be 150-200mb
and may find new leads on the updated seismic........GLA
or Island developments.......lots now in motion.......we or a new player
could be involved in
:))
BOD, Wakey, Wakey, knock one out, it's December......lol
end of last RNA message update.....
Forthcoming News flow
November 2022
Project JV 75% earn-in milestone
RC drilling results (initial)
ADI co-funded Controlled Source Audio-frequency Magneto-tellurics ("CSAMT") EM survey
December 2022
RC drilling results (final)
Maiden rare earth MRE
January 2023
Updated gold MRE
Follow up REE metallurgical testing results targeting variable saprolite conditions
REE sizing beneficiation and metallurgical recovery results
;))
Nicely summed up as always T
Will be interesting to see Woodside , next results publication, the excuse in earlier
article dropped value to zero due to covid, total *******s......
They had been marking down Sunrise in chunks and the final chunk came off in 2020
was hundreds of millions for their 34% , at now decades old prices.......
They factor some back in on the next results, could be fun for us, some value being
returned to a project in the area......
Shell/Conoco, said leaving years earlier, after $400m+ (Billion+ at todays prices)
Sunrise mothballed 2004, after original 2001 proposal for production via Darwin
Woodside facility (they built it specifically for it) was declined.
Shell said in 1998 , would like to use its own new development when ready, FLNG
Super barges 26/28 wellhead, building commenced in Korea and Shell proposed
this to the Island in 2008 also declined, said leaving , Chuditch after $47m spend
(prob 100m+now) found a new home with Mizna (still OZ license/ territory TL
disputed area)
Shell had both and mapped Chuditch potentially bigger across the greater license
they still left with a nice $650m for 56% of Sunrise, loan to T/Gap from Island fund
But take away , what they and their JV within the JV with conoco (customers in place
New Mexico/California) had spent, a pretty cheap deal for the Island to get what was
then 5.5 TCF plus 250m barrels of condensate.
2020 seismic , put potential up to around 8 tcf topside GIIP
We await our January CPR but we hold 75% of that departed Super Majors asset
even at a fire sale price per boe, its a rather large sum.........GLA
;))
Duh oldie brain fart , CGG not ggp.......lol
https://www.in-vr.co/post/cgg-discusses-timor-leste-seismic-acquisition-program
Jarv
all crossed, Dunrobin sked news seismic Q4 , gives us a higher platform
to springboard from, when the January CPR for Chuditch arrives.....GLA
;))
That would be our license, the area of Kelp and Kelp deep , Area P long
thought to be the holder of the hydrocarbon kitchen that feeds both
Chuditch and Sunrise licences.
Plus whatever else the gleaned on the 2020 TGS entire 50,000 sq km
seismic in support of the bid round, all historic 2d and the full 9000
sq km of Kyranis 3d, we snail paced part of.
Was a gizmo on TGS website you could play with, showing before and after
the new tech , 2D Cubed presents like 3D
Was also a lecture at the 2021 conference, seismic and the secrets revealed
so no shortage of it LOOOOOOOOOOONG available, from the Zebra/ANPM
bid round data room , TGS for a small fee and likewise GGP the original co
sponsor with Sundagas, of all the early presentations and first 2 conferences.
;))
Goldplat TR1 on 22nd dated wef 18th 66m shares
on Monday a delayed trade dump time stamped 08 in the morning
was published at close, for 59m shares
Who else had that to dump, or why would someone else dump so large on
that funding news ?
GPLAT gone.........
the other 7m difference , should have easily been dumped since the 18th
:)))))))))
posted the link earlier CDF, the only crumb is that the renewal 5 years last time
is down to 3 years this time, which fits for that 2025 conversion timetable, for
a new player probably , controlling the Gas vice Diesel input to generate the
lekky..........GLA
;))
Probably ,, hello Rob is it you
biggest portion of that TR1 for IG is his..........lol
so you are probably 100% Jarv
nowt of interest in it