Member Info for Juggerhowe

Https://static.lse.co.uk/research/pdf/307ba4ce-b2b9-4f91-b173-0c7715c3995d.pdf

Allenby Capital give a fully diluted valuation of 71p per share.

I just bought 50m alba this morning based on the sum total of the assets. Not showing up yet as far as I can see. Good luck to all investors here.

Allenby Capital's most recent valuation of Sunday's combined Philippines and Chuditch assets...

Our valuation for Sunda’s interest in SC-80 is US$56.5m or £42.0m. Using fully diluted

shares of 29.93bn the latter translates into 0.14p/share. Including Chuditch the corporate

valuation for Sunda is now US$347m or £257m, equivalent to 0.86p/share.

Yes you heard right, 0.86p per share.

I did the same thing this morning, did a dummy trade of well over 100 million shares, was offered a decent price. Happy to say I didn't sell. Looks like there's a huge buyer in the background.

Let's hope you are correct. The mine is in an area of high radon, and Alba have a legal duty of care to monitor the mine and radon accumulation. Have they been doing this? If not they could be in big trouble.

This is from the British Geological Survey...

Discrete zones of higher radon potential may, however,

exist because bedrock uranium concentrations up to 14 mg kg-1 have been recorded from the

Dolgellau and the Clogau Formations at the south and eastern edge of the Harlech Dome.

Perhaps they could mine the uranium?!

Radon?

The sale is expected to close in the second half of 2025, subject to customary closing conditions.

So some time between June and December, plenty of time to fit in a few drills before the sale of the rig.

The Valaris 247 jackup drilling rig is currently drilling a sidetrack well for Jadestone Energy. That's in the Timor Sea. They work is planned to complete next week and the rig is due to be mobilised. I wonder where it might be off to next?

Thanks Boom, the porosity and permeability of the reservoir sandstones here is excellent. Similar to that found in Saudi Arabia, just a little older. In fact the Timor sea area has been likened to an underwater Saudi in terms of its geology and reserves. Sunda will soon be drilling into a targeted 149 metre gas column, right in the middle of it all. With a stated 100% geological chance of success. This could be massive.

The Timor government alows 100% of costs incurred during field development to be recovered. That's why I'm not at all bothered by the CLNs.

In Timor-Leste's oil development, cost recovery is a key feature of the Production Sharing Contracts (PSCs) that dictate how the country shares revenue with the contractor. The government allows 100% cost recovery, meaning all expenses associated with exploration, appraisal, development, and operations, including decommissioning, can be deducted from the revenue. This is done without any annual limits, allowing contractors to fully recover their investments before profits are split.

Nice article here, a few weeks old but extremely positive.

https://www.energycircle.org/articles/sunda-energy-to-begin-drilling-at-chuditch-2-timor-lestes-next-big-step-in-gas-exploration

Sunda now have a very experienced well engineer on the payroll. I expect him to be very busy in the near future.

Rab Nicol, based in Chiang Mai, Thailand, is currently a Senior Well Test Engineer at Sunda Energy Plc. Rab Nicol brings experience from previous roles at Delvina Gas Company LTD and Rosneft. With a robust skill set that includes QHSE, Supervisor, Slickline, Tubing, Offshore Oil And Gas and more.

My own research led me to believe that Dunrobin-Golspie was heavy oil, probably not recoverable. I'm delighted that it has been relinquished and all the focus can now be on an asset that could be enormously enhancing to the company. The whole area around the Timor Sea could soon become the new Saudi for gas production, with a hungry market right on its doorstep.

Can anyone help me understand why there is such a difference between the back-calculated head grades in yesterday's rns? The results for each of the 3 samples in the table don't correspond to the same samples shown in the diagram of the mine pictured below it. For sample 3 for example the grams per ton in the mine diagram is 35% lower than in the table. What's going on?

It seems increasingly likely that the pipeline to Timor will go ahead. It would be built and operated as shared infrastructure, taking gas from Sunrise, Chuditch and the neighbouring block B gas fields. Exciting news indeed...

Timor-Leste petro chief surprises with joint-use pipeline plan for Sunrise.

TIMOR-Leste is proposing the Timor Trough-crossing pipeline to send gas from the multi-Tcf, Woodside Energy Group-operated gas field Greater Sunrise to its own shores be opened up to transport other parties’ gas.

At yesterday's AOG conference Autoridade Nacional do Petróleo e Minerais chief Florentino Soares Ferreira floated "the possibility of opening up for this pipeline, tapping into other fields like Chuditch.. And if Eni discovers Block B, then we can always tap into Block B as well".

Excellent

News

Imminent

More good news - this February will be 3.57% shorter than next February.
Floreat Baron Oil!

Fwiw I bought 5m UFO shares (3m yesterday and 2m today) and both trades are listed as sells.

100% buy rating

https://www.barchart.com/stocks/quotes/BOIL.LN/opinion

What a load of schist!