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Still think Chuditch will factor big time in EARLIER plans by Timor Government, China built the grid which is now being extended to 100% Island coverage, the 3 power stations to be converted to Gas ASAP (pm Rauk 2022) Metinaro to prevent another Covid/Storms (2020/21) compounded disasters, with flaky diesel supplies and constant power outages.

That plan was ASAP and hoped to be all in place by 2025/26, long before Sunrise could supply (tenders 2030/31)

Big China money coming for BRI Level II Building Infrastructure , Chuditch drill approaching, could this be the hold up, Timor Gap (gov) awaiting that Horta/Xi meeting at the end of the month and looking for Andy to be part of those soon to be announced plans funded by China.........GLA

Both sides said now all biased to an onshore Timor result BUT the new studies as Woodside said , again looking at ALL OPTIONS, we all know G & T , have only ever had ONE OPTION, Woodside bring it to Timor OR step aside and let someone else do it.

Now as its always been , need to see POSITIVE words and steps from other than Timor, over egged , all to the Island soon imminent and great progress meetings for over 20 years, with ZILCH results, now backed into a corner, facing a fiscal cliff, time for others to CONFIRM, those long standing statements to their people, who despite , many hundreds of millions in annual aid and billions in previous o&g revenues (kitan oil / bayu gas) still starve , suffer from malnutrition and stunting and mass unemployment, the later to be cured by imminent to its shores Sunrise (Gusmao 2002)

The Tuesday before Gusmao visited Xi on Friday, the Council of Ministers (cabinet) signed off an MOU between the Timor Ministry of Strategic Planning and Infrastructure and the Chinese Ministry for Overseas Development. That Timor Ministry overseas the development and funding of ALL of those projects listed on the previous post.

See what they sign off on at the end of the month, been in others, met with Xi Jinping, team visit ( Big Timor delegation recently to China for a week) team return with all the data required, plans made, Leaders meet again and sign off but what will China be offering under its new LEVEL II BRI status for Timor Leste, not long to wait.

If various projects completed on Timor by China , some for hundreds of millions individually, under Level I, the ante just got raised to £????????m under Level II, BRI biggest annual budget on the planet, can afford ANYTHING...

Everything on the table but what will China kick start, promised Horta help with Oil and Gas Industry, Agriculture and cooperation on BUILDING INFRASTRUCTURE

Central South and South East Coast

Tasi Mane - Betano Oil refinery, Betano area Natarbora TLNG poss to feed the Betano Power Station , Beaco multi string Gas/LNG Export facilities

North Coast near capital Dili

Metinaro - P.I.T. (all fuels) including 90-120 day Gas/LNG Import facility and tank farm to supply its 3 power stations (being converted) 2 North Coast , third at Betano.

As Horult/mrmark posted , done it before , consolidated twice , rinse repeat.

Vast Resources Plc Ord 0.1p is listed on the London Stock Exchange

0.1p is the share nominal, market rules, you can not raise below your nominal value.

Abu Dhabi one of many to promise Horta assistance , Abu Dhabi National Oil Company (ADNOC) just denied it is trying to take over Santos, after Woodside failing to do so, now expanding its LNG fleet for "geographical expansion", ships being built in Korea.

Beaco if built, original plan 4 -5 string Gas/LNG EXPORTS facility, could be part of ADNOC expansion, their help to Horta

ADNOC also runs over 3,500 miles of gas pipelines and several Gas/LNG Infrastructure plants, so in theory if got involved, both run operations and ship the gas produced at Beaco, with their new Korean fleet? Increasing from 14 to 22 ships.

ADNOC Logistics and Services will be spending up to Dh9.2 billion ($2.5 billion ) for new-generation LNG carriers as part of the company's 'transformational growth strategy'. South Korean shipyards Samsung Heavy Industries and Hanwha Ocean have picked up the contracts for the construction of the carriers. Each of the Korean companies will build four LNG vessels and with the option for an additional one. These are expected to be delivered beginning of 2028. “These (new) LNG Carriers will employ cutting-edge technology to increase fuel efficiencies and carbon intensity reductions in line with the company’s sustainability goals and will open up new opportunities for customer and geographical expansion while unlocking increased value for our shareholders," said Al Masabi. The LNG carriers will each have a capacity of 174,000 cubic meters and feature MEGA and XDF2.2 engines. These will 'produce the best fuel economy and lowest emissions in the company’s global fleet'

Loving that 12th 15:56 post Filthylucre

Betano power station set to be converted to Gas, its a straight line North from Chuditch to that part of the Central South Coast, gas from the sea hmmmmm, Chuditch first 2025/26 , Sunrise later 2030/31 ?

All 3 power stations , the other two in the North, all set for Gas conversions, long before Sunrise will see the light of day.

The three-day summit & exhibition will gather NECs, IECs, OEMs, EPCs, LNG buyers and sellers, as well as innovative service and technology providers, to foster international collaboration as a catalyst for success. Key areas of focus will include the long-term LNG and natural gas outlook, the role of hydrogen and ammonia in meeting energy demand and energy security

https://www.chinaenergysummit.com/

Horta also visiting China and Vietnam the end of the month, as posted yesterday 27th July - 4th August.

probably as orcp will only end up with 20% if stay the course, as riversgold do all the funding and work, each step leading to them holding 80% of the project, what happens then, will orcp be in a position to stump up their 20% of further development costs, or will they sacrifice more to riversgold for them to continue funding more work programs ?

on 9 may 2023, rgl disclosed an 80% earn-in to the northern zone gold project with london-listed oracle power plc as part of this agreement, rgl completed a 4-hole diamond drill program in 2023 , now completed more work, gained more of that 80%, rgl in full control of the work to mine timeline, not orcp.

more work and a mine still long in the distance. naheed needs to get something in play in ****stan , to excite the market in the short term.... gla

Metinaro studies completed late last year,with FEED commencing Timor Gap and partners late October, F.I.D was down as by end of 2023, or at the latest in Q1 2024, long gone, so have they abandoned that plan? , if so it gets more interesting short term, look on the maps and Natarbora almost a straight line North from Chuditch, again could early Chuditch earlier flows fill both the TL finance and supply gap with its FPSO to Natarbora, until Sunrise/Beaco operational (last tenders 2030/31)

Some suggesting we are back to fate hanging on Sunrise result, or could the delay be the Island leadership and possibly the Sunrise JV, looking to move on Chuditch for early production for their own assets, until the monster built. ?

Hope not, would much prefer the INPEX/ENI Style JV and early FPSO flows (Domestic plan 2025/26) , than be stuck with waiting for Sunrise timeline(2030/31) in which case an outright SALE, would be of more benefit to us and Andy's build a multi asset Asian gas company plans, in the Short/Medium term.

Fingers crossed INPEX or ENI knock on the door soon. GLA

Suai Supply Base and will culminate with a site visit to the future TLNG site in Natarbora

Natarbora is not the Sunrise HUB pipeline to Beaco on the South East coast, Natarbora is close to Betano on the central South Coast, where the Oil refinery and one of the Islands 3 power stations live. A new highway built along the South Coast, so would appear , they are planning to have a 3rd LNG site which will be supplied (road/additional pipe) from Beaco to Natarbora TLNG, to feed the Betano power station, with Metinaro P.I.T (just East of Capital Dili) to supply gas to the two power stations in the North.

Giving Chuditch Gas 3 routes to just the TL markets alone

Natarbora LNG - Central South Coast, to supply Betano ?

Metinaro P.I.T - North Coast (includes Gas/lng imports 90-120 day tank farm domestic Gas/LNG Security plan)

Beaco Multi string Gas LNG Exports facility

With our FPSO plan we could supply both Natarbora and Metinaro , long before Sun/Beaco operational. (2030 tenders)

Has his fingers in other pies around Indonesia, perhaps a windfall taken, could bring them under the Sunda Energy portfolio in quick time, when he floated Sundagas on the Singapore Exchange , he had picked up 2 assets , the other being from Total not that far away in Indonesian waters (fell by the wayside , due to old bod poor funding and snail pace)

Little doubt he has the contacts and ability , to bring in more regional assets, if given the chance/finance to do so.

He's been working on the TL project since 2016 , long before Boil joined in 2020, if he has such an offer, why would he not take his time on considering a godfather offer, after all the time he has spent getting Chuditch in play and ready to Drill.

Perhaps he is mulling over such an offer, a huge war chest windfall from Chuditch , could advance his multi acquisitions plan in the region, although when he speaks , unlike Yeo who had ZERO interest in Chuditch production, Andy always seems set to stay the course, for some level of revenues from Chuditch.

Perhaps he has a really good dilemma on his hands, hope so.

Wishful thinking for a several hundred million to go away offer by the elite, who are rarely in ventures with lesser lights, all the bigger fields around Australia , tend to be 2-3 upper level player, closed shop , minnows frozen out JV's.

Sunrise was 3 to start with, until TL denied them both Darwin and FLNG, Shell , Conoco Phillips and Woodside, with the addition of Japanese city production offtake co Osaka city Gas.

Shell stated from its own full license seismic and drilling, thought on development Chuditch could be bigger than Sunrise. Big fields need big players loaded with cash.

Perhaps drill finance update being held/poss off the table, by a potential Godfather offer, from that INPEX/ENI jv ? or ENI/Santos jv already operating in the TL Waters.

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

Someone posted that, said at the time INPEX still hold old TL licenses North of Bayu, the biggest share being with ENI

PSC TL – SO – T 19 – 11

24% TIMOR GAP, 35.47% INPEX Offshore Timor Leste. Ltd 40.53% Eni JPDA 11-106 B.V

Nice move on very little volume 28m Aim and 2.2m Aqse, only 30m on a share base of 2460m, can expect a big, big rise if even a small herd and some volume arrives anytime this week. GLA