RE: 3D siesmic interpretation12 Jul 2022 12:49
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.
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