The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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!
The survey ship MV Endeavour has been very busy recently in the Dunrobin are. I would very much like to know who is paying for this work and are they looking for a rig site.
I don't think we will need to get involved in any negotiations about where to land the gas. If the updated seismic results are anything like expected then it's much more likely that a farminee will provide floating liquifying platform, as described here.
https://www.energyvoice.com/oilandgas/asia/395942/chuditch-gas-discovery-stirs-excitement-offshore-east-timor/
0.61p
expect this to be substantially increased in the next few weeks /months as things develop.
Apologies if this has been posted before, but I found this on companies website, detailing the export options for the Chuditch gas. I'd expect it to be processed at the Darwin facility, which would be fairly quick to set up...
Annual General Meeting – Questions & Answers – June 2021
As part of the proceedings for the Company’s AGM on 23 June, shareholders were given the
opportunity to submit questions via the Company's central email address
info@baronoilplc.com.
The Board believes that the answers to the majority of the questions posed were adequately
covered by the AGM statement itself except that of the two questions posed below.
Q: What is the Company’s view on the Timor-Leste Government continuing with the Tasi
Mane plans?
A: The development of the Greater Sunrise gas discovery with an export route via the island
of Timor-Leste remains, in Baron’s view, uncertain and subject to a long timeline. There is no
direct impact on new licensing nor on interest to farmin to Baron’s Chuditch licence since
their likely export route is via the already existing infrastructure of the Bayu-Undan facility
and pipelines to the Darwin LNG facility, both of which are currently being invested in to
extend their lives and capacities.
Q: Why does the processing of the 3D seismic data take so long?
A: The seismic reprocessing project currently underway with TGS, is being closely monitored,
and necessarily takes time to complete to the highest modern industry standards required to
meet the geological challenges. Faster processing may compromise these standards. This, in
turn, might result in a sub-optimal subsurface image, thus endangering the chances of
attracting drilling partners, our understanding of the size of the resource, and future safe and
optimal well placement. It forms the key component of the work programme to which we are
committed.
https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=BOIL.GB
Very true. This literally a very sound company. Playing all the right notes.
https://www.beosevent.com/programme/
Business and Exploration Opportunities Roadshow
Colin Murray of Sundagas will also be presenting at the BEOS meeting in London on the 2nd September 2022, with a talk titled "Asia LNG Appraisal & Development opportunity, Chuditch, Offshore Timor Leste"
From this BBC news article. This is getting into the mainstream media now. I suspect this will be the first time that many of the articles readers will have heard of Timor-Leste.
https://www.bbc.co.uk/news/world-australia-61669954
Also this comment from Penny Wong, Australia's new foreign minister...specifically mentioning energy projects in TL. Aus/China bidding war ahead?
Ms Wong announced that Australia would set up an "Australia-Pacific Climate Infrastructure Partnership, to support climate-related infrastructure and energy projects in Pacific countries and Timor-Leste".
ENI will be awarded Block P, adjacent to and north of Baron's Chuditch prospect.
Makes a lot of sense if there's a jv/buyout.
It looks like the government will soon be fast tracking exploration and production projects in the North sea. The Dunrobin field will be flashing like a neon bullseye on their maps.
https://www.thisismoney.co.uk/money/markets/article-10603701/Kwasi-Kwarteng-Insane-UK-shun-North-Sea-gas.html