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Petrochemical romance PAGE 1

These developments will be dwarfed if new fossil fuel projects planned for the Northern Territory eventuate. Offshore, Santos is planning the highly polluting Barossa gasfield, located north of the Tiwi Islands, to backfill the Darwin LNG facility once the Bayu Undan field is depleted. It is monstrous in terms of its carbon dioxide footprint (some 18 per cent of the resource), causing the Institute for Energy Economics and Financial Analysis to famously brand it a ‘carbon dioxide factory with an LNG by product’. Also in the pipeline is Italian energy giant Eni’s rebranded Evans Shoal project, the Verus field, with an extraordinary 27 per cent carbon dioxide content. To the south of Katherine, we have the so-far unproven Beetaloo Basin. If this shale gas fracking field—unironically dubbed by proponents the ‘hottest play on the planet’ and often compared to the Marcellus Shale in the United States—is opened up, it could increase Australia’s emissions by a whopping 22 per cent, generating 1.4 billion tonnes of greenhouse gas emissions.

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Bill Townsend, a senior vice president at Inpex, said the Bonaparte project “could substantially contribute to decarbonising northern Australia and potentially the wider Indo-Pacific region”, adding that its “strategic importance in supporting the nation’s net zero goals was recognised in July this year, with the Australian government awarding it major project status.”

The Bonaparte project was one component of larger plans to convert Darwin’s Middle Arm Peninsula into a hub for carbon import and storage, with Dutch company Vopak separately developing a dedicated import terminal for liquefied CO2.

This dated 14th November, if Santos the operator of the new assets in the Amadeus Basin, do get to pipe it all to their owned with ENI refineries at DARWIN

Carbon capture in motion. Already the Bayu - Darwin pipeline has been REVERSED for waste and carbon capture in the long depleted Main Reservoir at

Bayu-Undan. Now the Majors setting up a biggie offshore Darwin.

Oil and gas giant INPEX (Japan) has proposed Australia’s largest carbon capture facility in waters off the Northern Territory.

The Bonaparte carbon capture and storage (CCS) project proposes to pipe and store 8 - 10 million tonnes of carbon dioxide (CO2) annually into an underground aquifer located about 250km offshore west of Darwin, according to documents lodged with the federal environment department.

Analysts said those volumes – if achieved – would make it one of the largest CCS projects in the world.

The Bonaparte project, a joint venture between Inpex (Japan) , TotalEnergies (France) and Woodside Energy (Australia), involved sourcing CO2 from “a range of industrial facilities in the region”, including nearby liquefied natural gas plants, and eventually imports from the Asia Pacific. Carbon emissions would be transported offshore via a pipeline through Darwin harbour.

Santos , Linde/BOC Darwin .........

Many do it late in the year, to prompt anyone who should have updated or submitted a new TR1 Holding, outside of that, common for a cleansing

notice to be issued when expecting one of two events.

1) A change in share base, holders are you up to date after recent dilutions.

2) News event, they think will or may result in holders, requiring to issued new/updated TR1's

Rock and a hard place here, late in year BUT also expecting what could be transformational news flow.

Pick your poison.......GLA

Most leaks, when they rarely catch a culprit, are sourced back to Company and Nomad, ping ponging a document back and forth, until

it is approved by Nomad for clearance to release to the market.

As for the Educational 1 in a 1000 made to fit nonsense , a 3 year old could work that percentage out and how valid it is........

Likewise the myth of the 1 code ,made to fit NONSENSE, has a batting average of around 1 in a 1000 and can usually be traced back

to Richard Head's playing on the fee free sites.

Codes that were real, died many, many years ago with new Technology, here's the list that was on many a website back in the day.

Note the absence of a 1, although the old boys, conspiracy theory types, thought the short numbers also fit for being valid e.g

1 = 100 = I need shares

http://www.pennystockdream.com/Market-Maker-Signals

No such thing, speak to a nomad, only two RNA (Words/Document) releases, IMMIDIATE and EMBARGOED, do I really need to explain the first.

Market/Newswires like rns open, out it goes, if wire closed for the day, then buffers for the next opening.

Embargoed, can be delayed with a given time and date BUT will state at the top of the RNA text "EMBARGOED" and the reasons why, eg held for

release post 10am meeting with.....today....etc etc

Even less likely with VAST as it RARELY uses rns to originate its RNA messages, it uses GNW most of the time, which like all good little wires, the London Exchanges own rns wire picks up one ups its own number sequence and relays.

https://www.investegate.co.uk/company/VAST

Same with many others, still around 8 wire origin sources for London RNA's.........GLA

Ideal scenario, Hussar a roaring success, sold to a top sector player for a very large WEDGE, so they can fast track FFD 15 - 50 wells.

Leaving GEX with a war chest balance sheet, to fund its Growing Amadeus portfolio...... 🤔

Would not be, the first minnow to do so and will not be the last........GLA

Officer basin first up, Hussar could be the spark for a sector rush, to the Officer basin, for H and He, new frontier play.

Lacks the infrastructure of Betaloo and Amadeus, hence the importance of one of the offtake deals and wellhead sales.

May sound fanciful for the Amadeus BUT with a lot of Government assistance, the Central or Mid Darwin complex is nearing completion.

For the Beetaloo Basin production, so the expansion of the East Complex (2 new gas strings) and the entirely new Mid/Central complex

Could be both options for long term development of GEX Amadeus basin discoveries.

Betaloo and Amadeaus holding hands, infrastructure and Hub already being built to DARWIN.

The Beetaloo and Amadeus basins are two distinct, significant onshore sedimentary basins in Australia's Northern Territory (NT), both critical for the country's energy production and security

See page 5 below link, potential tie in with Betaloo pipeline/HUB to Darwin

https://territorygas.nt.gov.au/_resources/documents/some-facts-about-onshore-natural-gas-extraction-in-the-northern-territory.pdf

Had to chuckle, look to the right on that page 5, the Georgina Basin. 😉😅

This has never ever been about what the sector players want, it has always been about what TL living legends Gusmao and Horta want.

Island facilities and jobs for their people, lifting them out of abject poverty.........GLA

The wheels finally in motion for a processing facility, after 23 years of stalemate, force majures JPDA Area and lots of stranded Gas waiting.

The sector players , should this week be waking up and paying more attention , to TL Timor Sea waters and assets, including Chuditch.

The Australian and Indonesian sections of the Timor Sea , have been PROLIFIC, since the 1970's

TL is the on trend with ALL , the filling, in their cross maritime border sandwich. 😲🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑

Just for perspective, the known, Chuditch , Sunrise , Troubadour and the massive Kelp Deep, are a potential 5 BILLION Barrels of Oil Equivalent.

Not a bad starter for a new Natarbora all encompassing complex......GLALTH

They helped TL lay the foundations of their own sector players , providing training and still do to this day, rewarded with a NO-TENDER Award

of Chudich late 2019 to his Sundagas company (ipo just before on Singapore exchange ready) as the SHOWCASES, for the first TL bid round.

Related Dr Butlers on Boil and Sundagas boards 😉😉 Boil attempted to RTO, failed could not raise the money, took an initial stake

33% of SG / 25% Chuditch and the rest is history, until eventually Boil(SNDA) owned 100% SG and 75% Chuditch (now 60/40 with TL)

SG team continues to provide training and support to TL offices to this day.

I for one still expect AB and his team to be rewarded again (TL Project 2 - The Domestic security plan) long before Sunrise (multi Gas/LNG EXPORT fac's)

sees any action. Various PM's have spoken of this plan as being ""when gas available" and years before Sunrise tenders (3-5 years earlier)

They could have obtained gas years ago, from Australia/Indonesia for their Domestic plan, with 100% Grid coverage and conversion of the 3 onshore

power stations, expensive and unreliable Diesel deliveries, to GAS ""when gas available""

Can after all these years, mean ITS OWN GAS aka Chuditch, what else do they have, for a plan years before Sunrise.

Chuditch - Bayu - Pipe - Natarbora - Gas/LNG Import fac (P.I.T) - 3 power stations - Grid - HAPPY DAYS 😉😉

Once in play, they can start the conversions with Natarbora near the Betano Power Station. 👍

If it walks like a 🦆

Their own project, talked about for 23 years, first to be at Beaco SW Coast, then it was Metinaro North Coast (near another power station)

and now all roads, oil , gas , condensate, petro-chemicals leading to Natarbora......

Andy's had a clear vision for it all since he and his team landed on TL 2016

On the money Hippy

The new assets are DOWN THE LINE, even the CP Ceo has said in his statement, he HOPES to distribute the GEX shares CP get as part of the deal by

LATE 2026, permits never go smoothly or el rapido in this sector, so he hopes late 2026, could easily become early 2027, just in time to raise at whatever

GEX price is for the £7m ready for drilling operations Santos/CP have in play, for Mt Kitty 2027 drilling.

GEX , could be successful with Hussar and fly HIGH by the time, lawyers have the deal advanced enough to arrange funding element.

Still expecting that Re-entry (or new spud) will be in the order

Early 2026

Hussar Officer basing - a result would open Officer as a new frontier Basin (then see who crawls out of the woodwork)

Late 2026 - Focus on Amadeus Basin

Mt Winter - At the mo, may change if similar RED TAPE delays as seen with Hussar

Mt Kitty - New partners Santos (operator and owner of Darwin East Gas refineries / Co-located Linde-BOC Helium plant fed from Darwin)

------------- May not need any drawn out offtakes/infrastructure, as our new partner SANTOS has all covered at Darwin if chosen.

The giant Dukas and Mahler/Magee to follow.

Once fields initially drilled, expect the bigger players to move in and plan FFD of many wells per reservoir, a central HUB for all to feed into

and a pipeline to probably Darwin, for all the Amadeus Basin Northrn Territory assets

Was mentioned in the Halo/Penspen mou, they planned to truck Hussar from the wellhead to Darwin, will Harlequin have the same plans, if so longer

term, it might also hub to Darwin.

Will all come out in the washing , at some point, once DEALS and FINANCING are firmed up and FINALISED..........GLA

A classic visible example was ICON just a few years ago, its CLN's the placing number of shares and supposed dates to market, all one step out.

If you listed the number of shares on one page and (cough) to market then listed all the TR1's from their scumbag leech. If you slid the two pages

together and moved it back one step.

The holding in the TR1 was the amount of shares, not yet called for in the next tranche requested

The (cough) date to market, was in each case (subject to weekends) was the date the next tranche called for

Stuck out like a Donkey's doo dah, only because for a rare as rocking horse 💩occasion, the WONGA was fully compliant with TR1

on each and every placing and each at a lower price and a lot of them, as it moved from 2 billion in issue to over 30 billion.

At the end of which, the WONGA said company still owed them £600k on what was a £2m CLN...........Never feel sorry for the wonga's

Own agenda is all that counts to them.

Highly doubt that since the real II's banks and financial houses pulled right back in the late 90's, most of what you have called II my arse are beggars can't be choosers glorified WONGA's. They forward sell down from a pumped high and knowing the share will spiral, probably shorting at the same time.

Make no mistake they win every time, having ZERO interest in what the company may or may not do in the future, just their own quick buck and GONE

They rare as rocking horse 💩 hold the shares, just dump asap and if made enough selling from the high, usually long before the placing announcement

arrives, they are more than happy to go below the placing price, for a final clearance sale.

Never, ever feel sorry for the WONGA's, they will not be giving a 💩about the company or pi's........GLA

Whichever gets the deal in the end, Harlequin/Private Billionaires or Halo/Penspen, neither has been anything other than FUNDING at the asset level Hussar, without dilution to the equity share base of GEX. ((read the RNA's on rns/website))

The CHP he is talking is not CP, its another share that is CONFETTI based.

It's how the vast majority of mining and oil and gas assets are moved forwards, under the subsid company and asset level funding, then more cash

needed, hopefully under offtakes and RBL Loans, upper sector finance, not the cesspit wonga's (false II's mentioned in most placings)

In this case, we develop Hussar/Westmarket, suitors would be looking to buy the Asset or Subsid Westmarket and Asset/s, not GEX, who would

just sit and wait for the sale to land in its accounts.

The giants do the same, Shell etc, have a subsid, for every asset license and area of the world operated in

SO, is todays cleansing notice, a precursor to news landing.

Clarification Share Issue cleansing notices, often appear, when the company is expecting one of two things.

1) A change in share base

2) Material News

Lets hope it is a number 2, expecting material news, that they expect , will result in new TR1 Notifications

He's been doing that for a decade, why should today be any different 😉😅