RE: 83.2m buy30 Nov 2023 10:53
If the results are good at Chuditch1 and Chuditch 2 think the quickest option for the government to get funds into its wealth fund is to pipe to Darwin like they did for Bayu. Pretty obvious Chuditch could be coming on line now before Sunrise.
The Company continues to evaluate all potential options for gas export from the Chuditch field in order to be able to fast track the concept selection processes anticipated following a successful Chuditch-2 appraisal well. However, no decisions on future concept selection can be taken until the Chuditch-2 appraisal drilling results have been evaluated, and in full collaboration with TIMOR GAP as joint venture partner in the Chuditch PSC, ANP and the Ministry of Petroleum and Mineral Resources of the Government of Timor-Leste.