Member Info for jc_123

https://www.centralwesterndaily.com.au/story/8164881/woodside-seeks-to-progress-sunrise-gas-project/

https://nz.news.yahoo.com/woodside-seeks-progress-sunrise-gas-042055276.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMw9KrGgSifpC-lVUg61PkN37KXR9j7atalIBsYX7Vk0GAXhPiHnCo01Kvl414A3Yb_UucF5jutODPvpuZdMOazhnvTPEbQHmBXTN5aJwHDk16htSxIVeSAox-kMzHnzEQHFhbOj8xvSyYnlAE6XUTNhhYUyw4gW-150rUe6_0oo

There’s a lot of people selling from there trade accounts so they can move the funds to their ISAs tomorrow…

JOG up 55% - nice!

I doubt any proceeds from a successful arbitration are priced in btw

I think it unlikely that Genel loses licences, however what happens to the arbitration? I guess it still proceeds, but if KRG don't have anymore oil revenue, how do they pay up?

Good article - well worth a read...

“ Mr. Sousa talked about the Greater Sunrise fields development as an integrated part of existing and potential development of gas field within the offshore Timor Sea under the jurisdiction of RDTL. These are key elements of decision in energy security and socio-economic transformation for the state and the people of RDTL.”

Imagine if they sack off Woodside for Exxon

I thought before the presentation that it would be sh*t, but by the end thought it was OK.
Having a half billion war chest is a nice position to be in and it seems they are trying their hardest not to spray it up the wall.
I get the distinct impression that they are effectively managing an exit from Kurdistan - no more new projects there, running down existing fields, maximising cashflow from Tawke (which thank god is operated by DNO).
Slightly disappointed that Somaliland timeline has slipped to back end of next year and feel they're almost downplaying how big a deal it could be. They were being much more upbeat and describing it as the 'crown jewel' in the portfolio a couple of presentations ago - maybe they're concerned about stirring up more trouble with Somalia and are trying to keep a low profile.

Maybe the prospect of having Horta/Gusmao in charge is what prompted Woodside to announce the concept selection study...
TL can't afford to wait on Woodside for much longer and Meg knows it.

I wonder if the 'funding partners' want to wait and see what happens with the election before committing...

The election is 10 weeks away. As is always the case, politics will no doubt influence the timing of any Greater Sunrise announcement. The whole Tasi Mane project (including Beaco) is Gusmao's baby, so could be announced shortly before the election to boost his chances, or after the election so he can wallow in the glory of delivering Greater Sunrise as the newly appointed PM. Either way, it fits in with Andy Yeo saying BOIL will go back to Chuditch funding partners in June.

Passiton - what are your thoughts on Yeo's June comment??

https://www.lowyinstitute.org/the-interpreter/gusmao-alkatiri-greater-sunrise-timor-leste-calls-parliamentary-election

Another Investor Meet presentation tomorrow at 10am. For an historically comms shy firm, this is unusual- announcement in the pipeline??

Vetta, for an educated person, I’m surprised that you appear to be unaware of the turmoil in the global markets and banking sphere currently. Please can you refrain from making pointless statements… thank you.

Hopefully it’s permanent this time…

Timor GAP might need to sell their stake - they borrowed around $600m from the state oil fund to buy into the Greater Sunrise JV. This needs paying back, so they might decide to sell up. TL will already be making a lot from the fiscal proceeds of the PSC...

Don't forget, our 25% partner on Chuditch is Timor Gap, the state owned oil company. Majors won't try and "screw over the little guy"...

Wow! More news hot off the press! Something is brewing…

Howey, I've been invested in Boil for a couple of years now, and I've not seen this level of activity / announcements / background noise re Greater Sunrise before. If TL want to secure their future, they need all their gas out of the ground before 2050. Time is running out for them and they know it. Australia (and the West) don't wan the Chinese getting involved, so they have to help TL fulfil their aims. Greater Sunrise (and Chuditch) will happen sooner or later...