Member Info for jc_123

Do you think this could be dictating Santos & Eni's timeline if they're putting an offer in?

HFB - did you see this?

http://www.anpm.tl/anpm-announcement-on-the-timor-leste-2nd-licensing-round-process/

Maybe I'm being harsh, but all our cash pile is due to high POO and the fact that DNO is the operator of Take. Everything Genel operates screws up - Sarta production is down, Sarta 6 was due in Q3, QD sounds like it might be dropped, BB/Miran - don't even get me started on this one, yet again we are told they are 'actively pursuing' new assets, bonds we have been paying interest on yet not utilising the cash... Just a reminder to everyone that the override payments end on the next payment from KRG so our monthly revenue is about to take a big hit. Basically we are in fortunate position of a lot of cash in the bank but the BOD should not be given credit for it

What the f**k do these clowns do all day???

HFB - did you see this?

This article is in Portuguese. You can use google translate to read it. Horta is in Portugal at the moment where he said-

““If we solve the issue of the large gas field [the Greater Sunrise field, off Timor-Leste], which now promises a faster solution, we can reach an agreement next year, which will mean tens of billions of dollars for Timor-Leste. East,” he said.”

I wonder what the “faster solution” is?

https://amp.expresso.pt/politica/2022-10-31-Timorenses-em-Portugal-Ramos-Horta-determinado-em-punir-grupos-que-enganam-jovens-Marcelo-diz-que-so-incentivou-universitarios-505f7414

Ian 12 - have another read of the broker's notes -

https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2022/06/20220613-Baron-Oil-BOIL.L-Allenby-Capital-Update.pdf?c3070=on

It lists the following -

Share price catalysts
We see plenty of scope for news flow and share price catalysts over the next 24 months. Key examples are as follows:
– Delivery of the final TGS reprocessed 3-D seismic data set for Chuditch. We believe this is likely to occur over the next month or two.
– The findings of Baron’s Chuditch project evaluation exercise following the delivery of the reprocessed seismic data. An announcement is likely by end September and should provide a new resource estimate and an indication of project viability.
– Selection of a Chuditch joint-venture partner with an announcement expected late in the fourth quarter of 2022.
– FID announcement for a two well Chuditch drilling programme probably in late 2022 or early 2023.
– Drilling of the Chuditch exploration and appraisal wells in late 2023 or early 2024
– Delivery of the reprocessed 2-D and 3-D seismic data set for the Inner Moray Firth Dunrobin project probably in the third quarter of 2022.
– Dunrobin drilling decision probably in the second or third quarters of 2023.
– Drilling Dunrobin third quarter 2024
– Reimbursement of the US$160, 000 Peru Bank Guarantee by Perupetro SA. We think this could occur at any time over the next six months or so.

Adam, if Sunrise gets a green light before us, it gives a clear development route which makes us more attractive to a major...

Things definitely seem to be inching forward with Sunrise...
Woodside have signed an MoU with Japan Bank for International Cooperation (JBIC) which could support development of Sunrise...
https://www.offshore-mag.com/regional-reports/australia-new-zealand/article/14285087/japanese-bank-could-support-three-lng-developments-offshore-australia
https://www.gasworld.com/story/woodside-in-new-deal-to-secure-energy-supply-for-japan/

FLNG would be the perfect compromise solution for Sunrise and all the Timor Sea sites

https://www.rivieramm.com/news-content-hub/news-content-hub/using-flngs-to-lsquofast-trackrsquo-the-monetisation-of-gas-resourcesnbsp-62790

I’m hoping the faster solution is FLNG…

This article is in Portuguese. You can use google translate to read it. Horta is in Portugal at the moment where he said-

““If we solve the issue of the large gas field [the Greater Sunrise field, off Timor-Leste], which now promises a faster solution, we can reach an agreement next year, which will mean tens of billions of dollars for Timor-Leste. East,” he said.”

I wonder what the “faster solution” is?

https://amp.expresso.pt/politica/2022-10-31-Timorenses-em-Portugal-Ramos-Horta-determinado-em-punir-grupos-que-enganam-jovens-Marcelo-diz-que-so-incentivou-universitarios-505f7414

"The East Timor and Australian governments are in talks to finalise a production sharing contract with the Sunrise joint venture partners, aiming for terms to be settled by November."

https://www.reuters.com/business/energy/timorese-push-case-pipe-greater-sunrise-gas-east-timor-2022-09-01/

HFB might be correct about this being the reason Horta has pulled out of attending COP

Shell paid 32M for Corallian which owned the Victory gas field. Dubrobin is oil…
https://www.proactiveinvestors.com/companies/news/994583/shell-increases-uk-north-sea-presence-with-acquisition-of-victory-gas-discovery-994583.html

Guys you are mistaken. Corallion only had the victory field as an asset when Shell purchased it. Dunrobin was transferred to Reobold prior to the Shell purchase.

Still doesn’t provide an answer on why he’s not attending COP

https://europe-cities.com/2022/10/11/parliament-approves-trips-by-the-president-of-timor-leste-including-to-portugal-news/

Why do you say this?

It’s all starting to happen…

HFB - what's your take on these numbers?
https://twitter.com/IntheKnow2023/status/1585554958526603265

See HFB's comments on TR1s below

https://twitter.com/01Stocktrader10/status/1585585304249016320
They've bought over 4bn shares so far...