Member Info for ifiknewidberich9

Current share base Market cap of £255m per 1p on share price, you won't be seeing 10p (whole p £2.5 billion) Best we can hope for is to retain 15-25% of the asset, exchanging equity holding of Sundagas/Chuditch (SG Hold the license not SNDA) down from 60% to new partners (Finance/other/production)

1-2p a good target, depending on how much sacrificed to new players.

One day if AB builds his Asian across the sector Gas company, multi production/exploration up/downstream, might see 10p, higher sooner will only be as a result of a share base consolidation 100-1 to 1001-1

1-2p is still 10-20 bags towards the drill spud etc.......GLA

Take the glass half full approach, until we know otherwise.

In an RTO, so could be a name change , eg to In the Style Fashion , so ICON will cease to exist on companies house. ITS already exists , so would just be updated

May involve a new HQ - sourcing office/factory space - New company address pending

Too many jumping straight on the Titanic scenario, if deal no longer in progress, it would be a market violation , not to have reported the change in status ASAP

All the Directors involved would have their cards marked and a potential future market exclusion from involvement in other companies (not worth their while)

While under the RNA messages on RTO notification, they have zero obligation to update anything else, RNA 's (the messages) rns just a newswire and not the origin source of all RNA's, all have like the politicians asked/answered clause.

Negotiating RTO of ITS on successful conclusion , a return to market (less than a month for most FCA/LSE)

Only obligation they have is to report, a change in status from previous announcements. Like.......

Completed - returning to market as NEWCO ..........

Scrapped - return and looking for another opp.

Until such time as a new RNA update released, the snail paced RTO deal still in progress............ GLA

Above algorithm mid , BLUE BUY

Below RED SELL

All else chokes UNKNOWN

Zero and Nada to do with manipulation, just 3rd party sites like this one taking the real TRADE print on the London Exchange and giving it a best GUESS label or colour code.

NO world market prints any labels , just TRADES , they consider both a buy and a sell in all cases, hence no labels.

Nearest you will get is the likes of the Canadian Exchange , it labels the 2 brokers and/or US Fund/Financial house involved in each TRADE.

When you have a day , site like this one showing 5 times the buy's to sells or vicky verka and no sp movement ,its because the trading is pretty flat and even, just the dimbo algo's on sites like this one , having a really bad day at the GUESSWORK office.

Scroll down how they look on the real exchange , before 3rd party sites like this one rehash and BEST GUESS all.

https://www.londonstockexchange.com/stock/HE1/helium-one-global-ltd/company-page

Try dyor , the buy sell and unknown labels are 3rd party sites like this one adding a GUESS based on what its site algorithm sees as the mid price, ZERO , NOTHING and NADA to do with either the MM/Market, lots else they can be blamed for BUT poor labelling is not one of them, all down to this site and others like it.

Dimbo algo

All above ITS MID price buy (never the case) all below sell (ditto) all else it chokes on , exactly on mid price, delayed trades (not mm dark arts black trades ball locks) or its sees outside of its current range (used for all) UNKNOWN.

As simple and tragic as that............GLA

Traditionally SNDA , very predictable , with the AQSE secondary market waking up

ZERO Shares to not a lot , routine

5-10% of AIM volumes , Good days

15-25% Big blue breakouts

AQSE additional volume today is 78,536,015 v 753,131,005 AIM

GLA

Https://www.ogj.com/general-interest/article/55132097/finder-energy-seeks-acquisition-operatorship-of-four-fields-offshore-timor-leste

Shells mapping of Chuditch had several additional leads all thought to be either Oil or Large condensate fields , to the South West of the smaller area mapped by SNDA, one of those the edge caught on seismic rerun , what they called Bandicoot , now Quokka on SNDA data base but several others on Shell seismic mapping 2d whole license.

Perhaps they could be a separate jv in the future , Oil/Condensate would go to Betano onshore oil refinery, the alt Gas/lng site Natarbora (vice Beaco) is a proposed build also near Betano and being converted to gas , Betano power station.

Chuditch has a lot going for it for the locals , in both interim revenues and time scales, long before Sunrise in full swing. GLA

Https://www.upstreamonline.com/field-development/offshore-oil-project-on-the-cards-in-timor-leste-as-new-operator-arrives/2-1-1689970

Further to 1910 post

https://www.aninews.in/news/world/asia/india-to-open-embassy-in-timor-leste-president-murmu20240811040924/

Natarbora has always been spoken of as the ALTERNATE site to Beaco, have said before, Natarbora on the central South Coast vice the Sunrise pipeline to Beaco South East Coast, fits very nicely for Chuditch, an almost straight line North for a pipe to Natarbora, to intersect a line from Sunrise ( or them to connect to us )

Chuditch and Natarbora both being talked about more and more, is the emphasis switching, Chuditch will be ready long before Sunrise (on care and maint since 2004 and previous Shell FFD plan was 26/28 wellheads)

Great FB stuff FL.

President of India Visits East Timor

Fri August 9, 2024, 5:43 pm

President Drupadi Murmu addresses the nation on the eve of Independence Day The President of India, Droupadi Murmu, will pay an official visit to Timor-Leste tomorrow, August 10, 2024. This is the first visit by an Indian Head of State to the country. During her stay, President Murmu will be received at the Nicolau Lobato Presidential Palace in an official reception hosted by the President of the Republic, José Ramos-Horta, followed by a bilateral meeting between the two Heads of State. The President of India will then travel to the Government Palace, where she will meet with Prime Minister Kay Rala Xanana Gusmão, in the presence of several members of the 9th Constitutional Government. During this meeting, several memoranda of understanding (MOU) will be signed with the aim of consolidating cooperation between the two countries in strategic areas.

Https://thewest.com.au/business/oil-gas/inpex-and-eni-selling-oil-fields-to-finder-energy-c-15624306

Looks like ENI/INPEX dropping oil in that area to concentrate on GAS, good news for gas assets in the area, now who do we know that has lots of Shell mapped (bigger than SNDA) and drilled gas, oh yes , that would be Chuditch... GLA

Https://www.timorgap.com/our-business/upstream/offshore-blocks/

PSC TL – SO – T 19 – 11 was ENI and INPEX, lots of small oil seeps in that region behind Bayu. Largest oil fields Kitan and Buffalo long since drained by ENI , BHP and Nexen.

Success is not in question, Super Major Shell on successfully drilling Chuditch-1, gave all follow on wells a 100% COS.

Ch1 reservoir thickness 25, planned CH-2 thickness 150 , six times bigger, so GIIP figures can also be expected to be significantly increased.

The only question that remains as it has for many years, if we do drill soon, what will TL permit us to do with all that gas.

Their 22 year stance , all comes to the Island wait for Beaco, or give a first ever permit for FPSO/FLNG/Other production to the Island or elsewhere.

We still await also China's involvement in the Oil and Gas sector and BRI infrastructure funding as promised under BRI Level II , under Level 1 China built several projects all in the low hundreds of million $'s ranges, what does Level 2 bring?

https://news.cgtn.com/news/2024-08-08/Exclusive-with-Timor-Leste-President-Jos-Ramos-Horta-1vQyLLiQyNW/p.html

Http://www.anpm.tl/wp-content/uploads/2024/08/PressRelease-Research-Program-JUly2024.pdf

Infrastructure the big one for us , Gas/LNG Import refinery/storage Metinaro , Export refineries Beaco/Natarbora and if we have some large condensate (Quokka prob -Shell history then called Bandicoot) Betano Oil refinery refurb/expansion.

They just need those big bucks, from China BRI, Australia/Woodside, other (offers of assistance made) to pay for them to be built and become operational. GLA

The Council of Ministers also approved the Government Resolution, presented by the Minister of Finance, Santina José Rodrigues F. Viegas Cardoso, for the creation of the Inter ministerial Commissions for Sectoral Development Coordination The Inter ministerial Coordination Commissions, created by this Government Resolution, aim to optimize and monitor development in the areas of infrastructure, economic development, social affairs and institutional strengthening in Timor-Leste. These commissions aim to ensure the effectiveness of external aid and alignment with the National Strategic Development Plan. With this Government Resolution, four Inter ministerial Coordination Commissions are established, each with specific responsibilities. The Infrastructure Commission will be led by the Minister of Planning and Strategic Investment. Finally, the Institutional Development Commission will be led by the Minister of the Presidency of the Council of Ministers. Each commission will include representatives from various ministries and secretariats of state relevant to their areas of activity. The responsibilities of these committees include identifying risks, defining priority actions, coordinating technical assistance and preparing sectoral development plans. Each committee is expected to produce quarterly activity reports, which will be submitted to the Council of Ministers.

We know its big and wide, other companies discovery drilling and developments across the basin. 😉😜

Posted earlier more recent Dec 2023 on same gge

https://nextinvestors.com/articles/gge-gets-first-helium-flow-rate-in-the-usa/