Think we are safe, Andy has plans to make Sunda a major regional gas company, with new assets and organic growth, he can best do that with a steady stream of revenues or a decent royalty on Chuditch production. If he can pull off the non equity asset level funding and retain a decent slice of Chuditch into production, happy days, then Chuditch just becomes the first in a line of such assets.
1640 UT close 0.102p, volume 1907m trades 1075 says it all, Monday and next week a blockbuster. IAWT.
Serengeti resources
Explosive and destructive comment but very true Demolition man lol
Sunda , wnwtboototw , iawt, swalk , ynwa
JV partner funding drill for a large slice of our 60%
Sector investor finance house , for the same
Bank loan like his previous Singapore loan
All non dilutive non equity plays.
Circle the wagons, even the Indians want to get some Timor , oil and gas
https://en.tatoli.tl/2024/06/06/shm-shipcare-expresses-interest-to-invest-in-several-areas-in-timor/18/
what's that now , China , Japan , Korea , Australia , Kuwait , Qatar , Brunei , Indonesia and India , all offering or wanting investment in Timor Oil and Gas, Andy said some very interesting offers being made, with that motley crew, you think he will not get the NON EQUITY funding he is looking for.
Andy and Sunda will give it some large , making us all happy, deal , fully funded , retain some equity/royalty production, revenues fund his new assets empire build, acorn into an oak the Andy plan here.
He and his team have been to many such conferences in the past , all as part of his and their SEAPEX work, now also promoting , his project, he had it before Baron did , now has it back, had no problem when he floated Sundagas , in getting a $22 million loan with a Singapore bank, to go with floatation on the Singapore exchange, then Boil stepped in a fcuk ed it all up, Andy wont. Local with billy big ones and well respected in the industry , he will have no problem doing it again if required.
Should be Gordon, starting today local developments, next Monday-Tuesday the London events and the AGM to change to Sunda Energy, Andy and Sunda will bring the market thunder.
Just hope he can keep a decent slice of the current 60% to get it, if such a Major, doubt they will want other than to be the field operator and developer, with at least as much as Timor Gap 40% , unless they plan to cash some in with us.
Non Equity funding as you well know, Andy has said it many times, in jv talks and other talks for finance.
Be great if he snagged inpex or eni, who have the valaris rig either side of us, for a cash sum and free ride on the drill.
Andy said in one of his reports , looking to firm up the deal/s in Q2 , gives him two more weeks to meet his own deadline, next week or the one after, he is expecting , just like we are.
Sunda might boil next week , only warming up and simmering nicely, big re rate coming as the news flows.
Closed 0.077 Tuesday , Friday close over 0.10p would be a great end to the week, with imminent news expected.
New York stock exchange opening hours 09:30am local aka 2:30pm here.
Already did 1412 ATrades , septic tanks , Yanks
Yes for now, Shell had it bigger years ago but they did their own seismic and development over the full license, the outgoing bod only did part, Shell and others know what is really on offer, all will be trying to get a good deal for themselves, based on that historic Shell known leads and potential, not just current Baron stats 3.5 with prospects to add. Pretty sure Andy will be holding his corner in the same manner and will get a suitable deal in place, cash,free drill.
Volume 1659m , trades 870, septic tanks incoming.
Just like yesterday , trading ground to a halt 1045 on to lunch, also like yesterday now picking back up
Volume 1.616 billion and 834 trades , could double that by close ?
Old bod had no interest in going to production, Andy clearly does, looking to build his new Sunda Energy in the region, fast tracked to production and revenues , Chuditch will do that for him and with his reputation and contacts in the area, I for one am expecting Sunda to give it some thunder and transform into a mid tier regional gas player PDQ.