Member Info for ifiknewidberich9

For those unaware, Timor Gap (40% Chuditch) local NOC, Downstream projects, just it appears from recent communications, remove Beaco/Metinaro and insert all at Natarbora (a much better locations for us) as per the original Gusmao planning for Beaco

Yep and I am still expecting us to be the initial wave into Natarbora for the TL Gas/LNG Imports terminal, with our likely production 2028 v 2032-34 last tenders made about Sunrise (per the Multi String TL Gas/LNG Exports terminal.

Our initial 1 - 2 wells (last Sunrise plan 26/28 wellheads) is perfect for their Domestic security , Electricity Grid upgrade planning (was under Tasi Mane Beaco, Rauk moved to Metinaro plan as per Timor Gap website) With no mention of Beaco (the Southern project formerly Tasi Mane) or Metinaro (The Northern project) , it seems clear now, Gusmao has put the band back together, with all now planned for Natarbora (LNG Import T , LNG Export T, Oil refinery to replace refurbish and expansion at nearby Betano Refinery (fields condensate also) with a co-located Petro Chemical plant.

Our MOU , Chuditch first up , no matter who ends up paying for and running Natarbora early doors (Inpex/Japn would be good per recent reported talks) Chuditch pipe - Bayu Undan pipe - Natarbora , looking better and better every day🤔 ........GLALTH

Filthy

Nice we are finally being mentioned by them in meetings, not just Sunrise, likewise, Kelp which according to Mobil in 1998 is bigger than both Sunrise and Chuditch put together, last 4 years no mention, likewise had neither issued license or operator. (kept to themselves until things progressing)

Read that as TL now very confident, things are heading in their (only plan they ever considered onshore TL) direction Natabora etc, with Gusmao still looking at growing the TL workforce, as part of his 20+ year Tasi Mane Plan.....GLA

He met many Ambassadors today , as posted this morning, still only in Portuguese, main translations below

https://timor-leste.gov.tl/?p=41915&n=1&lang=pt

Government presents priorities and programs to ambassadors accredited in Timor-Leste

Thu, 20 February 2025, 16:53h

Following the reception hosted by the Presidency of the Republic for foreign ambassadors accredited in Timor-Leste, both resident and non-resident, the Government organized today, February 20, 2025, a presentation session to inform diplomats of the main initiatives, programs and priorities of the IX Constitutional Government.

The Minister of Petroleum and Mineral Resources, Francisco da Costa Monteiro, presented the Government’s strategy for the sustainable development of the oil and mining sector, highlighting the opportunities and challenges facing the country. “Timor-Leste has vast natural resources and our commitment is to maximize their use to generate economic growth and create value for the population”, he said. The Minister also outlined the legal and institutional framework of the sector, addressing the main potential for onshore and offshore development, as well as the prospects for mining. He also highlighted the importance of the TLNG (Timor-Leste Liquefied Natural Gas) project and its potential to “generate a huge socio-economic impact in Timor-Leste”.

Expecting you to have some more FB's to post from other face to faces today.........GLALTH

That link on the side of this

https://www.evaluateenergy.com/View/3287--co-coInfo/company/pacific_lng_operations_ltd

Nice little summary on Sunda Energy by EvaluateEnergy

https://www.evaluateenergy.com/View/3287--co-coInfo/company/pacific_lng_operations_ltd#&&_ViewArgs=%7b%22_EntityType%22%3a0%2c%22_Parameters%22%3a%7b%22_ContextData%22%3a%22%7b%5c%22isEPVantage%5c%22%3afalse%2c%5c%22percentage%5c%22%3a-1%2c%5c%22searchWords%5c%22%3a%5c%22%5c%22%2c%5c%22sectionID%5c%22%3a%5c%22%5c%22%2c%5c%22storyID%5c%22%3a%5c%220%5c%22%2c%5c%22documentId%5c%22%3a%5c%22256822%5c%22%2c%5c%22notSub%5c%22%3afalse%7d%22%7d%2c%22_Type%22%3a9%7d

Selection criteria, is written for someone like AB to attend 🤔😅

Selection Criteria:

The company must be a registered, Timorese owned and operated within the energy sector.

The company should demonstrate an in interest in participating Oil and Gas tenders in Timor-Leste.

The company must possess a comprehensive understanding of ongoing and upcoming Oil and Gas projects in Timor-Leste

The ability to communicate in English is required.

The company representative should be confident in networking and maximizing the use of the booth provided by the Energy Partnership.

Overview

The Timor-Leste Australia Energy partnership is led by Australia’s Department of Industry, Science and Resources (DISR) and Timor-Leste’s Autoridade Nacional do Petróleo (ANP). The Partnership is jointly administered by the Energy Partnership Secretariat, consisting of representatives from both DISR, ANP and the Department of Foreign Affairs and Trade (DFAT). The Timor-Leste Australia Energy Partnership aims to share expertise, build industry connections, deepen bilateral trade and investment links and build workforce capability in Timor-Leste’s resources sector. The partnership supports business, university and government delegate visits between Timor-Leste and Australia and builds on existing industry and government collaboration 👍

http://www.anpm.tl/wp-content/uploads/2025/02/TLAEP-B-EXA-2025-March-2025-completed-003.pdf

Invitation for Expression of Interest

The Timor-Leste Australia Energy Partnership will fund 6 representatives from private Timorese companies to exhibit from our booth at the Energy Exchange Australia (EXA) Conference in Perth during March 2025. The companies selected will have their travel, accommodation, visa and meals funded by the Partnership. The Energy Partnership will identify competent Timorese suppliers/subcontractors with the capability of being awarded tenders for LNG operations, supplies, CCS and decommissioning activities.👍

http://www.anpm.tl/wp-content/uploads/2025/02/TLAEP-B-EXA-2025-March-2025-completed-003.pdf

Government presents priorities and programs to ambassadors accredited in Timor-Leste

Thu, 20 February 2025, 16:53h

Following the reception hosted by the Presidency of the Republic for foreign ambassadors accredited in Timor-Leste, both resident and non-resident, the Government organized today, February 20, 2025, a presentation session to inform diplomats of the main initiatives, programs and priorities of the IX Constitutional Government.

The session was opened by the Minister of Foreign Affairs and Cooperation, Bendito dos Santos Freitas, who highlighted Timor-Leste's growing international presence and the progress made in strengthening bilateral and multilateral cooperation.

The Minister of Petroleum and Mineral Resources, Francisco da Costa Monteiro, presented the Government’s strategy for the sustainable development of the oil and mining sector, highlighting the opportunities and challenges facing the country. “Timor-Leste has vast natural resources and our commitment is to maximize their use to generate economic growth and create value for the population”, he said. The Minister also outlined the legal and institutional framework of the sector, addressing the main potential for onshore and offshore development, as well as the prospects for mining. He also highlighted the importance of the TLNG (Timor-Leste Liquefied Natural Gas) project and its potential to “generate a huge socio-economic impact in Timor-Leste”.

https://timor-leste.gov.tl/?p=41915&n=1&lang=pt

Full Article in Portuguese only at the mo, main thing

The Minister of Petroleum and Mineral Resources, Francisco da Costa Monteiro, presented the Government’s strategy for the sustainable development of the oil and mining sector, highlighting the opportunities and challenges facing the country. “Timor-Leste has vast natural resources and our commitment is to maximize their use to generate economic growth and create value for the population”, he said. The Minister also outlined the legal and institutional framework of the sector, addressing the main potential for onshore and offshore development, as well as the prospects for mining. He also highlighted the importance of the TLNG (Timor-Leste Liquefied Natural Gas) project and its potential to “generate a huge socio-economic impact in Timor-Leste”.

https://timor-leste.gov.tl/?p=41915&n=1&lang=pt

Letter of Intent for jack-up rig to drill Chuditch appraisal well

Sunda Energy Plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, is pleased to announce that its wholly owned subsidiary, SundaGas Banda Unipessoal, Lda. ("SundaGas"), has entered into a non-binding Letter of Intent (the "LOI") with an international drilling contractor concerning commercial negotiations for a definitive drilling contract (the "Agreement") for the use of a jack-up drilling rig located in the region by SundaGas. Sunda intends to use the rig for the appraisal drilling campaign on the Chuditch Field, offshore Timor-Leste.

Signature of the LOI enables the Company to progress regulatory approvals for the use of the jack-up rig in Timor-Leste, including the preparation of the required drilling safety case and other campaign specific documentation, in compliance with applicable law in Timor-Leste. The rig is expected to complete its ongoing work in the region before becoming available for Chuditch appraisal drilling in Q2 2025, in line with earlier guidance issued by the Company.

OPERATING IN THE AREA, still makes Valaris the most likely candidate, at the time of original potential drill date 20th December ish, it was scheduled to be used by two majors, either side of our provisional slot, the incumbent major, extended it's scope of work, so probably not much of a stretch, our new potential slot remains, same rig, in same small window, between the same two Majors more lengthy and extensive operations. 🤔

That period of D/D, is how long is a piece of string territory, still plenty of time, provisional drill slot Q2 (1st April - June 30th) on completion of work by current user.

Example , Shell spent 6 months, conducting exclusive D/D on Bahamas Petroleum, even paying £250,000 a month for the privilege....... these things, often take a lengthy period in this sector🤔 .........GLALTH.

Updates Relating to Chuditch PSC:

Drill Funding

As previously announced, Sunda has been engaged in discussions with A NUMBER of potential funding partners with an interest in participating in the Chuditch PSC project. As a result of these discussions, the Company has entered into an exclusivity agreement (the "Exclusivity Agreement") with a privately-owned Singapore investment company (the "Investor"). The Investor, Pacific LNG Operations Pte Ltd, has a track record of value creation in resource projects in Asia-Pacific. The Exclusivity Agreement enables A PERIOD OF MUTUAL DUE DILIGENCE relating to a potential strategic investment into the Chuditch PSC project that would fund the planned Chuditch field appraisal well. It is anticipated that such investment, should it occur, would be through an EQUITY issuance in a Sunda subsidiary company and NOT AT THE SUNDA ENERGY PLC LEVEL.

AB has reiterated this in several comments since.👍

Shell did not do any testing on Chuditch, could it also like nearby Bayu-Undan also have a Helium content ???

A purpose built He production string at Darwin was Australia's production source until 2023, when Bayu depleted.

https://www.abc.net.au/news/rural/2023-12-06/helium-production-ends-in-darwin-santos-gas-supply-exhausted/103186220

Could Chuditch reveal even more post drilling CH-2 , into a SIX TIMES thicker Chuditch reservoir section ? 🤔

Malaysia

Nearby Malasia have just announced their awards, from their 2024 bid round, so fingers crossed, the Philippines and BARMM will be hot on their heels 👍

True but it would be pretty stupid , to make it a bit of a pointless exercise, with no award on license's in their FIRST ever bid round, they are new autonomous entity and looking for near term revenues.......shoot themselves in the foot, springs to mind 🤔

All that has been known since August 2024, we still await the official award, as it's a NO OTHER BIDDERS pair of licenses, all ours just need the official confirmation, doubt very much they will not award them on their own very first bid round (BARMM) 👍

Probably .........

It's confirmation of the annual award of $16m , made 27th November as part of the 2025 Budget.........

1.11 Other factors that contribute to the large transfer expenditure include transfers to key public entities such as Timor GAP and EDTL; as well as transfers to municipalities for local development projects. A US$16 million transfer to Timor Gap allows them to continue to support resource exploration activities that will ultimately contribute to long term economic success. The continued financial support to EDTL subsidizes electricity protection and protects consumers from anticipated rises in fuel prices.

https://www.laohamutuk.org/econ/OGE25/Prop/RelatorioEn.pdf

Timor Gap run everything from petrol on the garage forecourts , supply of diesel to the 3 power stations , to on/offshore activities, $16m not a lot for all that it covers.

Timor Gap get an annual award as part of the budget each year.