RE: Finder Energy Timor GAP deal = 0.030AUD >> 0.61AUD (+1425%)4 Nov 2025 11:10
Same reason that it has been the case since 2002 when Horta and Gusmao pulled the plug on the majors and tier 1 players that then left behind some monsters, not just Chuditch (Kelp exxonmobil drilled estimated 10.5 - 14.5 TCF Bigger than Sunrise/Chuditch together) . With the all will come to the Island and our own facilities, with a TL Workforce. 23 years later still no home to go to, just the old small Oil refinery at Betano.
Each year, TL appear to be getting closer and closer, to International assistance, they can't afford to build themselves. So you can see why investors would be shy of funding a drill, that like Shell , Conoco Phillips, Mobil and others, has no route to market, until someone does commit to building and operating onshore TL Natarbora new oil refinery and petrochemical plant, New multi string Gas/LNG export refinery, New single string Gas/LNG Import terminal (for domestic use ) have thought Chuditch's natural initial home for years as successive PM's have talked about it at Beaco, then Metinaro, now Natarbora for years being WHEN GAS BECOMES AVAILABLE and original plan to be operational years before Greater Sunrise/Beaco/Natarbora)
It's as close as its ever been, to finally being built, which will bring back the upper tier players that departed frustrated by H&T in 2002 and again 2008
(Darwin/FLNG) Chuditch clearly after never rating a mention for 20 years (all talk about Sunrise only) Chuditch is now a part of that first stage operational plan Chud-Bayu-Natarbora
Just need one little spark (build/money) and all hell will break out, back in the 70's an Australian Minister stood before the house and declared the Timor Sea as a new middle East, the 50 years since have proven to be very lucrative for the Indonesian and Australian Timor Sea waters, while the Timor Leste waters stalled and died a death, despite 4 known huge gas/condensate discoveries.
They know what awaits , especially in the wider Area R and Area P(Long thought to hold the kitchen that feeds both Sunrise and Chuditch)
The day will come, said 5 years ago this will take some time, while they sort the politics and finance, even I think it's now so close, you can
almost smell the gas..........GLALTH.