The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Nice contract
Semnet
Following the completion of the acquisition of 66.67% of the share capital of Semnet Pte Ltd ("Semnet"), a cybersecurity company based in Singapore, as announced by the Company on 29 February 2024, Semnet has been successfully integrated into the Group's operations. In addition to providing significantly enhanced cybersecurity support to the Group's operations, Semnet has been successful in winning additional third-party business, including a US$36 million revenue contract with Ypsilon Technology Pte. Ltd. Semnet is trading ahead of the GST Board's expectations and the business is achieving significant profitable growth.
Duly completed Form I with geographical coordinates of the area of interest which should fit the predefined cadastral grid.
A Compressive Statement of the Mineral Deposits in the area over which the licence is sought (Should include details of all known minerals proved, estimated or inferred, ore resources and mining conditions).
Feasibility Study for Mining Operations (Should include forecast of capital investment, the estimated recovery rate of ore and mineral products, and the proposed treatment and disposal of ore and minerals recovered).
Approved Environmental Impact Statement (EIA from ZEMA).
Details of expected infrastructure requirements.
Proposals for employment and training of citizens of Zambia.
Proposals for promotion of local business development.
Detailed geographical report on the Area’
Pegging Certificate.
Valid Tax clearance certificate (Issued under Income Tax Act Cap 323).
Plan of Proposed Mining Area.
In the case of Gemstones, a Plan for Cutting, Polishing and Faceting of Gemstones in Zambia.
Statement of duration for which licence is sought (should not exceed 25 years).
Articles of Association, Certificate of Incorporation, Certificate of Share Capital.
NRC/ Passport copy (ies) for all Shareholders.
Any other information which the Director of Mining Cadaster may require.
Universidade Católica, São João Paulo II Rua 12 de Novembro, Balide, Vera-Cruz, Dili, Timor-Leste
Join us in Dili for an educational seminar on natural gas projects and how to structure them, followed by a panel discussion that will provide an overview of the history of petroleum development in the Timor Sea, the current state of play and plans for the future. This event will focus on the Maritime Boundary Treaty and its impact, and provide an understanding of the Bayu-Undan, Greater Sunrise, and Chuditch projects.
Meadow if you look at the slides you will see they have the drilling team already for Chuditch, also interestingly the slide on ChuditchNE titled "the best undrilled prospect in Timor-Leste" I will be surprised if we are not cost sharing 3d costs with Eni for that and block P.
It is good to see they have included the risks as well eyes wide open on this one. The reason we are so low is the funding if they get that at project level expect a serious re-rate here.
Good to see Woodside mentioning Sunrise in their results this morning.
Sunrise
· Subsequent to the quarter, the Sunrise Joint Venture awarded the Greater Sunrise Concept Study contract (the Study). The Study will consider the key issues for developing, processing and marketing gas either via Timor-Leste or Australia and is targeted to be completed by no later than Q4 2024.
Would like the name to reflect we are open to business in Asia we don't know what Butlers plans are he might just want to monetise Chuditch and move on or he could use the cash to buy other assets in Aisa .
Murry is good at presenting along with himself and Butler I am sure they will get this over the line.
https://wp-baronoilplc-2020.s3.eu-west-2.amazonaws.com/media/2024/03/BEOS-27-3-24.pdf