Member Info for jc_123

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."

They are indeed...

Well, they are definitely talking now, so who knows? Maybe they'll surprise us all with an early xmas present!

A translation of Filthy's Facebook link - negotiations continue -

His Excellency Prime Minister Taur Matan Ruak, today Monday at the Government Palace, received an update of the work of the Minister of Petroleum and Minerals, Victor da Conceicao Soares, on progress in the petroleum sector, ? the development of the Greater Sunrise field.

"The Prime Minister's Excellency today called for some update on the petroleum sector and I think as you normally know that the progress in the petroleum sector is currently ongoing, and therefore this is why the Prime Minister today asked for update and much to talk about the progress of the Greater Sunrise which was in the discussion of the Australian Representative who yesterday was ready to discuss the progress of the discussions, said Victor after the meeting.

Furthermore, the Governor explained that progress in the petroleum sector is ongoing, as the dust block is being processed, and Timor Resources also continues to carry out its exploration activities. At the bilateral level the discussion was very good, and the two governments have a good understanding that the 100% tax regime is regulated by Timor-Leste's laws, while at the trilateral level the Woodside delegation is currently in Timor-Leste to discuss with Timor GAP to find solutions to create an agreement for the development of Greater Sunrise.

Very strong wording from Timor Gap -

https://www.linkedin.com/posts/timorgap_news-update-on-greater-sunrise-activity-7004451481139507200-D0jp?utm_source=share&utm_medium=member_ios

agree with Damofarl - there's something afoot. There has been little interest in this share for the past 6 months, and now something has changed. There's another Investor meet presentation for the trading and operations update on 17th Jan 2023. Two presentations in 3 months is very unusual for Genel, so I hope something is going to be announced -

in order of likelihood IMO
- an new asset purchase
- good news with Sarta 6
- Morocco farm out deal

I'd say this is the most significant development in the Sunrise saga in the past few months. It's interesting that Steve Backs said yesterday that there were other companies interested in Sunrise and a purchase of Woodside's share was a possibility and now today Woodside has u-turned. Their cage has clearly been rattled which is always good for moving things forward...

Found this as well. Nothing new, but again shows there is stuff going on behind the scenes…

https://m.facebook.com/story.php?story_fbid=pfbid0BAMa34e29rNaNEsNHp3tdNgksNcKib6WxoCiVbWt1Cgc2xGQVHNCxBTJ6JfJTViRl&id=100069174640699&locale2=ne_NP

He's very explicit about another company buying out Woodside. Santos/Eni anyone?

Considering having the confidence of the two Governments, Bracks said that no scenario can be excluded, including the possibility that Woodside's stake will be purchased by other companies, as occurred when Timor GAP bought the shares of Connoco and Shell in the consortium.

Most interesting quote -
"Everything is possible. There are many companies that are looking at Sunrise and consider it to have great potential. It is possible, but we will not assume anything. Woodside has a financial interest in the project and they are the operator, and it is with that, with the current situation, that we have to work," he said.

Bracks said that Camberra "does not have a position of defense of one or another option" intending only to advance "the best option, the most economical and most beneficial" and that the essential objective is "to get the project to advance" and not to be "paralyzed".

About Woodside, with whom he met last month, Bracks explains that the partner of the Timorese oil company Timor GAP and Osaka Gas in the project "manifested to have an open position".

Formally, and today, it is still the operator in the consortium -- although there is currently "a dispute about who the operator is" -- and, according to Bracks, "in the meeting they did not indicate that they have a final position on where it should be developed", showing willingness to move forward.

Doesn’t look like it will happen till next year…

Use google translate

https://www.rtp.pt/noticias/mundo/enviado-especial-da-australia-para-o-greater-sunrise-otimista-em-acordo-em-2023_n1450260

Leak? Maybe they’re about to announce something…

*Beaco

HFB - there is no mention of an LNG plant at Beach. Do you think this is a clue?

Yes, but this is just the port, not the LNG plant. Progress nonetheless...

Just found this -
https://www-verangola-net.translate.goog/va/pt/112022/Construcao/33439?_x_tr_sl=pt&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

WTF are you on about???

TBF the notice says before year end, Feb 2023 at the latest, so could still happen Q4