Member Info for Jarv55

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.

Personally thing we should also go down to one broker Cavendish to save cash.

VT they won't get any borrow on Spreadex its all been taken up. I expect new bod members to be financially astute and have tighter control of the purse strings.

Just a waiting game now. Happy the we have been given some PR it is time to let the team get on with job.

Busy week for them with further planning.

News that is due are new bod appointments.

Bed and Isa

JC I am hoping to keep 30% AB's knowledgea and relations in the area has to be worth holding onto.

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

Would ideally like to see a name change for Boil to Sundagas or something different to signify a new start.

VT its been a long journey for us all who have been here for many years, Baron has always been known as a pump and dump stock thanks to the previous bod and their low ball placings. For the first time in a long time I feel optomistic that we are in the final lap in Boil terms time line. When you think we could be actually drilling in 8 months its not long at all. Of course the longs know we have a few hurdles to get through and there are risks, but we aren't here for a quick 10% we want the bags that will come leading into the drill. Next news should hopefully be new bod members coming in, the new Broom Andy Butler sweeping the whole bod clean and bringing some integrity along with him. No more dilution at equity level, funding to be done at project level. Lots to look forward to now and it will be interesting to find out if it is indeed Eni and Inpex that we have been collaborating with for the drill slot.

Take it you finally bought in Santiago after all your deramping.

Have a listen from 4.44 mins https://youtu.be/Q7ht8YhV7vs

Trojan great interview

Everything on track, chose a different location due to a stronger sea bed for the rig and now targeting a larger column of gas. Collaborating with other operators in the area cough, cough, they managed to cut down the costs, very interesting discussions ongoing with funders, working with a big team this week in TL on planning. Very happy with that thanks Andy Butler.

Https://www.linkedin.com/posts/baron-oil_regulatory-news-alerts-baron-oil-plc-activity-7185926097291685889-Zrzo/?utm_source=share&utm_medium=member_android Exciting developments are underway at Baron Oil Plc as we progress with operational activities at the TL-SO-19-16 Production Sharing Contract, also known as Chuditch, offshore Democratic Republic of Timor-Leste.

Come on mms let the games begin. https://invst.ly/14er65

Dream on with 20p lol 1p would be nice though.

Survey costs below budget

All operational work related to the Site Survey has now been successfully completed and the vessel has left the PSC area. Some delays occurred during both the geophysical and geotechnical phases of the Site Survey, principally caused by weather conditions and a few other operational issues, but the work has now been completed, and at a cost significantly below the approved budget.

Dr Andy Butler, Chief Executive Officer, commented:

"The successful completion of the Site Survey, leading to the selection of an improved drilling target location with optimal seabed conditions, is another key milestone towards drilling the Chuditch-2 appraisal well. We look forward to providing further announcements on the Chuditch project, including with respect to well planning, execution and drill funding, at the appropriate times."

Drilling Planning Preparations

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.

Detailed investigation of the location initially chosen for the Chuditch-2 well revealed an irregular seabed that would be unsuitable for placement of a jack-up drilling rig. As a result, a new more appropriate location has been chosen, which lies 286m to the east-northeast of the initial location. This new proposed location was satisfactorily verified through geotechnical studies in the second phase of the Site Survey and is now considered final.

The well will now be situated 5.1km from the site of the original Chuditch-1 discovery well in a water depth of 68m. Based on 3D seismic mapping and the results of Chuditch-1, the planned vertical appraisal well drilled at this new location is expected to encounter gas-charged reservoirs 16m shallower than at the initial location and, as a result, SundaGas now predicts a taller 149m gas column in the reservoir target versus 133m predicted at the initial location.