Member Info for Jarv55

VT we should never of placed where we did. Yeo and Wakefield orchestrated that, but any way that is the past, we are in a much a better place now with the new bod coming in, the increase in PR and the new presentations on the website. They certainly aren't hanging around directors changed on the website already, onwards and upwards.

Chris Timor Gap is state owned for the government to have 40% ownership in Chuditch will bring a lot of benefits and cut through a lot of red tape. They will not only be working to get the funding together they will also be working to create jobs which is what the government need to create as they have a lot of youngsters in TL.

Nothing is ever guaranteed however I am sure Ab will do his very best not to dilute us too much and remember he has just under 3% of the company, so it is in his own interests to get funding through giving away a percentage of the Chuditch asset at project level.

now read the last line very carefully.

dr andy butler, baron's ceo, has given a video interview on the ************* platform which is available at https://www.***************************/baron-oil-ceo-discusses-strategic-vision-and-growth-plans-for-chuditch-gas-project-video/4121149240. in this interview, dr andy butler discusses baron's updated financial strategy, emphasising the goal of securing project-level funding without diluting equity at the plc level.

In parallel to the recent Site Survey operations, drilling planning has continued at a good pace. SundaGas' experienced in-house drill team has further refined the well design, enabling the process of tendering for essential materials that have long procurement times such as well casing to have commenced. Design work on a Chuditch-2 well test (DST) is ongoing, led by SundaGas' well test engineer.

SundaGas is in discussions with drilling rig contractors and other third-party service providers in support of well construction plans. The Company is also liaising closely with other operators in the region that are expected to drill wells in locations relatively nearby.

Detailed workshops are being held on a regular basis with joint venture partner TIMOR GAP and government regulator ANP, whose input to operational and logistical planning is continuing to prove invaluable.

SundaGas and its joint venture partner TIMOR GAP are working on resources to ensure successful delivery of the upcoming Chuditch-2 appraisal drilling campaign. Discussions with a number of potential funding partners are ongoing and further announcements will be made at the appropriate time.

Drill costs approx £25million

Timor Gaps costs towards the drill are about £6.25 million

Baron Oil raised £2.7 million from the brokers.

£0.26 mill was raised from rex

So about £2.9 mill left after brokers take their fees

They had cash of £3.65 mill in December so let us say £3mill left after the bod get paid off.

There is a deposit of about 802k for the Psc we will ignore that and say that is for wages for the next couple of years.

Taking all that into consideration they would need about £12.8 mill lets say costs rise by the time the drill and round it up to £15mill.

We know costs came in under what they estimated on the survey due to them sharing them with another company.

They could share more costs if Eni decide to share the Valaris 247 rig.

It wouldn’t take much for say a couple of partners to come in and take a percentage of the asset at project level or for the Timor Leste government to loan them the cash.

Ex Cenkos chairman comes to a minnow. Nothing to see here folks only the, strengthening of the bod.

Good to see these appointments financial backgrounds and Oil and Gas they can keep an eye on the spending.

I think it will rise over the day

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.

Can just imagine the convo today lol AB to Woodside any chance could you hurry the concept study along please.

Defo Meadow its what the market is waiting for. Wonder if Ab will have a chat with Woodside today.

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.

Https://wp-baronoilplc-2020.s3.eu-west-2.amazonaws.com/media/2024/04/20240419-Session-1-SundaGas-presentation-Gas-projects-in-TL-v21.pdf

Https://wp-baronoilplc-2020.s3.eu-west-2.amazonaws.com/media/2024/04/20240419-Session-2-SundaGas-presentation-Chuditch-case-study-v21.pdf

Https://www.linkedin.com/posts/baron-oil_gas-petroleum-chuditch-activity-7187008374583042048-Wpfw?utm_source=share&utm_medium=member_android

Https://x.com/Jarvy55/status/1781235075050348921