The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Apparently SK Group were sniffing around Sunrise in 2018
https://www.afr.com/street-talk/south-koreas-sk-group-sniffs-around-sunrise-lng-20180725-h134vz
And Horta was mentioning South Korea as a potential investor back in Sept
https://www.nasdaq.com/articles/east-timor-sees-indonesia-s.korea-japan-china-as-sunrise-gas-investors
South Korea has never been mentioned before with regards to Sunrise, so it’s surprising that he names them as a joint venture investor in the same sentence as Woodside. The only scenarios I can envisage are a) they are funding Beaco or b) one or more of the existing JV partners are selling some or all of there share to South Korea
Watch from 21.20 - has he let something slip??https://ramoshorta.com/we-are-ready-to-join-asean-jose-ramos-horta-timor-leste-president-in-conversation/
Tartine, you are correct in that all the sh*t was already priced in and none of the potential good stuff has been yet…
1) TL need the cash. No country will give it to them, so it will have to be developed.
2) At least half of the worlds future hydrogen requirements are forecast to be made from natural gas. The world needs projects like Greater Sunrise and Chudditch.
3) as said previously the article was prior to COP, so is nothing more than political / eco grand staging
https://www.facebook.com/EmbassyOfTimorLesteInTokyo
"We welcome the recent statement by Woodside CEO Mrs Meg O’Neill that thethe development of Greater Sunrise with a pipeline to Timor-Leste is technically entirely doable. In regards costs I believe Timor-Leste can put together the required amount of investment in a very short period of time."