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Woodside have said previously that the export route for the gas couldn’t be decided until PSC and fiscal terms had been agreed. I wonder if these have now been agreed in principle hence the “green light”?

Great find again Filthy. Can you post the link please? Thanks

I suspect the loading up prior to news has finally started. This really should be back above .12 before the RNS drops...

"IF" they sell Chuditch without bending over, 3.5p is doable...

Yes, the PSCs for Eni & Santos’s blocks are seriously overdue and could arrive any day. I’d expect the news to make waves when it’s announced as it would be a significant step forward.

http://www.anpm.tl/eni-and-anp-are-in-the-process-of-finalising-the-negotiation-of-the-production-sharing-contract-psc-for-block-p/

Why would Woodside be mentioning Boil or Chuditch? More importantly the word Sunrise only occurs once in the whole document, which speaks volumes as to what their priorities are. I feel that Woodside's days are numbered as a JV partner in Greater Sunrise. I can't see Chinese and Kuwaiti firms investing $18bn in building a pipeline to TL and an LNG plant on the island only to have Woodside dick around. I expect Woodside to be bought out fairly soon by one of these new investors, or by Timor Gap, and the quicker it happens the better...

DILI, 07 November 2023 (TATOLI) - The President of the Republic, Jose Ramos Horta, said there are two international companies from China and Kwait that are interested in partnering with the Government of Timor-Leste to develop the Greater Sunrise Field to bring pipelines to Timor-Leste.

"The time is about to get an agreement with Australia on how to develop Greater Sunrise, we have previously had a big issue, as we are drawing the pipeline from Greater Sunrise to Timor-Leste with a very large budget because we have to spend 10-18 billion, but we have two investors from China and Kwait ready to contribute with the Government to develop Greater Sunrise," said Horta in.

He said that when Timor-Leste and Australia have a strong agreement to develop the Greater Sunrise field, the Government can contact the two investors to discuss how to invest money with the Government of Timor-Leste.

"The most recent Chinese company I have invited 30 people, who compared 60 in China, to Xanana, that they are willing to invest in Timor-Leste petroleum. As for a big comparison of Kwaits who have often come to Timor-Leste to meet with me, they want to invest billions to develop the Greater Sunrise field, "Shorta said.

He said that in order to develop the Greater Sunrise field, Timor-Leste must quickly

Use tetun.org to translate

This is the eternal conundrum that has kept the SP at these low levels. However, there seems to be potential for solving it if TL have managed to find investors to pay for the pipeline and LNG plant on the island. Monumental news if it happens…

Chuditch is the furthest down the line, and is oven ready for drilling, so you'd have thought it is the most likely candidate

Any other fields of note are in the hands of ENI and Santos, so I doubt includes them.

Is this why AB & AY met the TL Ambassador last week??

Other fields can only mean Chuditch and possibly Kelp

Filthy, you are a human search engine!

Where did you get this? Can you post the link please?

Huge news…

Six weeks from today. News could arrive anytime between now and 18th Dec. They’ve already told us the drill location, that they’re looking for the rig, that they’ve recruited a well ops manager, identified key personnel, submitted documentation for the environmental permits and are in advanced discussions with potential partners. We are very close now folks…

Couldn’t agree more Howey

TBF they lost the crowd a while ago. They are incapable of producing a stream of news - just densely packed RNS's that a lot of investors don't understand fully. The result is spikes and then drops / prolonged periods in the doldrums. You only need to look at UPL's comms strategy and MCAP compared to ours to see my point...

Hopefully the next RNS will propel us out if this cycle and warrant a significant rerate.

While we’re on the subject of what we do or don’t know, I’d love to know the reason for postponing the Timor Leste Energy Summit to 2024 -

“The National Energy event of Timor-Leste postponed to 2024

This decision was made in the spirit of ensuring the most successful meeting for all stakeholders once the government transition in Dili has concluded, all of the authorities and institutions announced and the latest developments in national energy policy decided.

We will make sure that the new event dates will be communicated to you alongside all next steps!”

Something definitely going on behind the scenes 🤣

https://www.timorleste-summit.com/

It’s the way they use the plural of potential funding partners that piques my interest. Does it mean they are talking to competing parties, or is would the JV involve multiple parties??

They wouldn’t have postponed the event for a second time unless there was a good reason. clearly movement going on behind the scenes, which can only be good news after years of no movement…