RE: Need that investment28 Sep 2024 17:52
You will , if we get a path to monetise in play, it will be way bigger than a paltry 0.2 - 0.3p.
Nothing has changed here yet, the big boomer is the return of value to gas in the TL area of the Timor sea, until that visible path to production, the massive under rating here will continue............
No1 not the drill, others have drilled and found Gas that still sits in the earth, Sunrises 1974 , Chuditch Shell 1998 , Kelp bigger than both put together 10.5-14.5 TCF Mobil 1998.
Its always (for 22 years) been about a permissible path to MONETISE, long denied (darwin/flng) or not built onshore by TL, Sunrise remains on Woodside books at $0.00c.
Permission slip for our FPSO plan after drilling , or a plan to build onshore , not talk about building it for more years to come, is the only real deal here. Hence why an early Sunrise HUB/Beaco/Natarbora resolution, would give our lead up to drilling a much bigger boost. Gas will be flowing somewhere after the drill, if not we will remain unloved/undervalued.
TL's own studies 2021 Minister "we will use Chuditch , Sunrise and Kelp to supply Beaco once ready , with coordinated development of a 3 together (Boil/Sunda HAD already studied options and chosen FPSO for Chuditch) .
When previously PM Gusmao stood up in Parliament and made it a DECREE LAW, its all ours, it will all come to the Island, when talking Oil and Gas. Gusmao the architect of the onshore project and back as PM now.
Last week Horta when asked about Sunrise , "why should it go to Darwin"
Appears their attitude remains fixed , Woodside/JV have to say YES to what they want, which is fine, if they are building it , we will have 1 home to go to secured, even if we have to wait for years for it to be built.
Sunrise will go back from zero $'s to HUNDREDS of millions (as it was previously) for their 34%, making our 60% very valuable also, locals have Sunrise worth $65 Billion and Chuditch $40 Billion (with a lot of Shell upside).
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