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Has to be more than commercial, take a look at this development in the USA (Dec 2023) our prelim background and results to date way higher and this USA asset being talked about as moving the company GGE from explorer to producer.

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

Our US helium Investment Grand Gulf Energy (ASX:GGE) has finally delivered a viable flow rate at its Utah, USA helium project.

Helium Discovery at Jesse 1A - GGE’s first well hit a 61m gross gas column (net pay of ~31m), returned 1% helium to surface

Helium grades up to 0.9%. This is a grade that is considered commercial AND above our 0.4% base case expectations.

Now read previous HE1 rns'd stats. In excess of 4% and the latest rns, Near-continuous helium and hydrogen shows measured whilst drilling and were notably higher than those encountered whilst drilling the overburden section during Phase II

By comparison, they are stated commercial, making HE1, a future World class asset on FFD.

While Horta and a large TL delegation in China, China also sent a delegation to TL

JAKARTA, Aug. 2 (Xinhua) -- A delegation of the Communist Party of China (CPC) visited Timor-Leste from Wednesday to Friday, at the invitation of the country's National Congress for Timorese Reconstruction party. The delegation, led by Sun Haiyan, deputy head of the International Department of the CPC Central Committee, met with Xanana Gusmao, President of the National Congress for Timorese Reconstruction and Prime Minister of Timor-Leste. In addition, the delegation exchanged views with leaders of other major Timorese political parties and media representatives on China-Timor-Leste relations and cooperation in various fields, and expounded on outcomes of the third plenary session of the 20th CPC Central Committee held in July. The Timorese side expressed gratitude to China for its long-term support to Timor-Leste, adding it believes that China will make new achievements in its efforts with the Chinese-style modernization, bringing new opportunities for the development of Timor-Leste and the region.

https://english.news.cn/20240802/81b42998e064455e9559fecc3ca9654d/c.html

Https://timor-leste.gov.tl/?lang=pt

Timor-Leste holds Business Forum in Beijing to promote investment opportunities

Tue, July 30, 2024, 5:08 PM

On July 30, 2024, Timor-Leste hosted a Business Forum on Investment Opportunities in Beijing, China, with the aim of showcasing and exploring business opportunities in the country. The event was attended by nearly 200 representatives from the Chinese public and private sectors and focused on strengthening bilateral relations and attracting Chinese investment. The forum was chaired by the President of the Republic, José Ramos-Horta, and the Deputy Prime Minister, Coordinating Minister for Economic Affairs and Minister for Tourism and Environment, Francisco Kalbuadi Lay. Also participating were the Minister of Foreign Affairs and Cooperation, Bendito dos Santos Freitas, the Ambassador of Timor-Leste to China, Maubere Lorosae da Silva Horta, among other government officials and representatives of national entities. During the event, the strong 22-year-old relations between Timor-Leste and China were highlighted, as well as China’s position as a global and regional power. President Ramos-Horta emphasized the importance of improving conditions for investment, with a special focus on the development of investment protection laws. In his speech, Deputy Prime Minister Francisco Kalbuadi Lay thanked the Chinese Government and participating companies for their interest in exploring investment opportunities in Timor-Leste. “The relationship between Timor-Leste and China goes beyond diplomacy, we have a history of friendship and deep cooperation. We are committed to creating a favorable environment for investment that benefits both countries,” said Kalbuadi Lay. The event also served as a platform to showcase various investment opportunities in Timor-Leste, covering sectors such as infrastructure, agriculture and tourism. The Timorese delegation highlighted the country’s strategic location, its young workforce and natural resources as key advantages for potential investors. Minister of Petroleum and Mineral Resources, Francisco Monteiro, and the Minister of Agriculture, Fisheries, Forestry and Livestock, Marcos da Cruz, invited Chinese companies to invest in sectors such as oil, gas and metal minerals, as well as in the agricultural sector. Francisco Monteiro emphasized the opportunities in the minerals sector, highlighting strategic minerals such as lithium and nickel, used in the production of batteries for electric vehicles and other essential industries. The Governor also presented the 'Tasi Mane' project, a long-term strategic project, which aims to create key infrastructures to facilitate the development of the oil and gas industry, a sector with great potential in Timor-Leste both onshore and offshore.

Also

BEIJING, July 29 (Xinhua) -- China's top legislator Zhao Leji met with President of the Democratic Republic of Timor-Leste Jose Ramos-Horta in Beijing on Monday.

https://english.news.cn/20240729/edfa833303fc4513a8afcfb9892674e8/c.html

Https://presidenciarepublica.tl/joint-statement-between-the-peoples-republic-of-china-and-the-democratic-republic-of-timor-leste-on-strengthening-comprehensive-strategic-partnership/

Key bit in that ENERGY and agreed to sign BRI Cooperation Plan

Could be the financial and construction TL have been looking for , to complete National grid expansion (Original grid built by China under BRI level 1) with its Metinaro and 3 Electricity generating power stations being converted to gas ((Chuditch supply?))

"strategic partnership to a new level"

Hopefully more details emerge in the next few days, take the above to be , the upgraded BRI Level II projects funding.

Level one funding paid for several projects in the hundreds of $ millions each, fingers crossed level II brings $ Billions projects funding, like Metinaro/grid/power gas project, which was expected at least 5 years before Sunrise.

Chuditch will be their own first GAS flowing, PM Rauk stated ASAP but looking late 2025/2026, website states, when gas becomes available (take that as their own gas, as others have gas) Fingers crossed our delay and its FID because we are to be an integral part of the project, if China funds it.........GLA

Https://www.chinadaily.com.cn/a/202407/29/WS66a7086da31095c51c5107e1.html

Loads now out there across the Asian press, none with any further details sadly, the wait continues.......

Https://english.news.cn/20240729/28502f0586544b39ac994a0d245e3653/c.html

Even Putin want some TL, lol

https://en.tatoli.tl/2024/07/25/tls-foreign-minister-holds-bilateral-meeting-with-his-russian-counterpart-sergey-lavrov-to-strengthen-bilateral-cooperation/22/

Hoping the China promise for Infrastructure, is the other oil and gas related projects, Sunrise remains a separate issue with Australia/Woodside, until it does not but would certainly help if Meg saw , others willing to fund the majority to build and or operate Beaco/Natabora alt. Meg and her predecessor Mark, for many years, used the building costs factor, as an excuse, not to go with the Timor onshore plan.

One down 2 to go, will it be Xi today or tomorrow ?, that's the big one , he invented BRI and always signs off himself.

Li Qiang tick......

Chinese President Xi Jinping is expected to host a welcome ceremony and a banquet for Ramos-Horta, and the two presidents will hold talks, Mao said.

Premier Li Qiang and Zhao Leji, chairman of the National People's Congress Standing Committee, will meet with Ramos-Horta respectively, she said.

https://www.globaltimes.cn/page/202407/1316889.shtml#:~:text=President%20of%20the%20Democratic%20Republic,two%20countries%20established%20diplomatic%20relations

Sure one of them correct

Timor press 27th July - 4 August taking in China and Vietnam

Official spokesperson for China Ministry 28th to 31st at the invite of Xi

That one 29th-31st

But that's one also has the big line in it, what I was hoping for some movement on the promised BRI Level II funding for Infrastructure CONSTRUCTION, any of the major projects under Timor Ministry of Strategic Planning and Infrastructure get funded it's great for us , all Oil and Gas related.......GLA

Several important agreements will be included, such as the Cooperation Plan between the Chinese Government and Timor Leste on the Belt and Road Initiative (BRI)

China talking a good game, fingers crossed Horta comes back with funding for a project AB can be a part of with funding in place , perhaps why we are still waiting, big complex multi party deal coming to someone, why not Chuditch, if China funds TL's Domestic security gas/lng infrastructure plan, Metinaro, its delayed , we are still waiting, hope the duck's are lining up.

Metinaro project being overseen by Timor Gap our partner, always designated as when gas available, PM Rauk wanted in place ASAP or by 2025/2026, FID already slid by over 6 months, so probably looking at 2026/27 now, with Chuditch to drill Dec 2024/Jan 2025

That site comment of when gas available , can only mean, when their own gas available , Chuditch 2025 onwards, Sunrise not expected until 2030/31, no guesses for who is the better fit for Rauks ASAP.

Goodnight and GLA, could be a massive week coming up.

CCTV: China announced President of Timor-Leste José Manuel Ramos-Horta’s state visit to China. Could you share with us the program and China’s expectation for the visit? How does China view the current relations between China and Timor-Leste?

Mao Ning: China and Timor-Leste are traditional friendly neighbors. China is the first country to recognize Timor-Leste’s independence and establish diplomatic relations with the country. Over the past 22 years since the establishment of diplomatic ties, the bilateral relationship has grown smoothly and traditional friendship has enjoyed strong support among the peoples. Last September, President Xi Jinping and Prime Minister Kay Rala Xanana Gusmão jointly announced the elevation of bilateral relations to a comprehensive strategic partnership, opening a new chapter for bilateral relations.

This is President José Manuel Ramos-Horta’s first visit to China after he took office in 2022 and the first state visit of Timor-Leste’s president to China since the establishment of diplomatic ties. President Xi Jinping will hold a welcoming ceremony and banquet for him. The two presidents will have talks. Premier Li Qiang and Chairman Zhao Leji will meet with President José Manuel Ramos-Horta respectively. China stands ready to work with Timor-Leste through this visit to carry forward traditional friendship, deepen mutually beneficial cooperation, and upgrade and further advance the comprehensive strategic partnership.

https://www.mfa.gov.cn/eng/xwfw_665399/s2510_665401/202407/t20240726_11461357.html

BEIJING, July 26 (Xinhua) -- At the invitation of Chinese President Xi Jinping, President of the Democratic Republic of Timor-Leste Jose Ramos-Horta will pay a state visit to China from July 28 to 31, Chinese foreign ministry spokesperson Hua Chunying announced on Friday.

The visit will be an opportunity for the two countries to further their traditional friendship, deepen mutually beneficial cooperation, and promote the development of their comprehensive strategic partnership

https://english.news.cn/20240726/4327662c06a4488ca5d261262f301a1f/c.html#:~:text=BEIJING%2C%20July%2026%20(Xinhua),Hua%20Chunying%20announced%20on%20Friday.

https://www.youtube.com/watch?v=oiuj680WuI0

It showed up on this site at around 1210

26-Jul-24 11:09:33 0.105 9,472,538 Unknown* 0.10 0.11 9,946

Plenty of cash on the books for routine stuff and also the £2m bond for the license, just the NON EQUITY funding for our element of the drill in Dec/Jan 2025 is what we await news for, that could come in many forms......

JV cash and or free ride drill program, with a big boy taking over (Inpex , ENI, Woodside , or Shell Conoco return) in return for X% of our 60%, if so would be nice to keep at 15-25%

Kicked to the kerb by a big boys consortium , for huge cash wad or like PPP just got a 20-30 year production royalty off the top (gross revenues)

Or in AB's case could get another Singapore low interest bank loan , he got $22m (never touched) when he floated Sundagas on the Singapore exchange , pre boil/sunda days.

Quality leader now in charge , not some muppet in his bedroom snail paced broadcasts............GLA

That's a hard one to call Pete

JA v Trousers Sanderson

A game of the lesser of two evil's , rock and a hard placement call , lol

As with all things protect your capital and take some on the way up BUT this is a sit the rest in your ISA and watch it keep growing over the years, this one for lth's and a journey, not traders and the next spike..........GLA