Member Info for Kerosene75

If Sunda can piggy back on Finder Energy drilling program, and in doing so get the psc extension for Chuditch-2, i think 2.7p is very conservative.

Yes

Its a very vague commitment with Finder Energy at best.

Its a very vague commitment with Finder Energy at best.

They haven't. Read the loi.

When you are down 80% and the psc expires in 6 or 7 hours on your highest profile asset, I can understand the negativity.

Have any of these valuations ever come to fruition?

Hopefully if the psc extension is announced tomorrow it will have a positive impact on the sp. In the immediate term I think rig hire and government approval of NZ acquisition will have bigger impacts on the sp.

They will need 12 months. Jan-April/may has unfavourable weather conditions in Timor-Leste

Drilling planned for NZ in q4 also.

AB did seem confident that the psc would be extended in a recent interview but it would be preferable to have it done and dusted.

With the recent dramatic fall in sp, is another conversion likely to be imminent?

I think another cln conversion is being worked in the background. This NZ acquisition is going to turn out very costly for long term holders. A market cap of £6m is horrendous.

I wonder what the market cap was back in the .3p days, 4 or 5 years ago.

Thats what AB said in a recent proactive interview. Its a huge project that a major will have to takeover.

Ian, AB and his team have worked in the sula region before, and the data they have recorded or have access to would cost half a billion dollars if they were starting from scratch today.

I cant see the psc extension having any significant effect on the sp, but if Finder secure a rig for early 2027 and we are part of the package that should definitely help things. They expect to announce a deal this quarter and it cant come quick enough.

Govt approval from NZ is not expected until August, this will likely have the most positive impact on the sp in the immediate term, but given the dire state of our current valuation, August is looking a long way away.

Chuditch loi with Finder energy expires Oct 31. Rig expected to be announced this quarter.

NZ - Government approval of acquisition expected in August and income generated to date revealed.

Drilling to commence q4.

The psc extension would need to be negotiated by June 18.

The loi between sunda energy and finder energy expires on Oct 31, but Finder have indicated they expect to have a rig hired for next year by the end of next month.

Once this is done, drilling dates etc will be confirmed.

Wow. Thats certainly an endorsement.

Psc extension for Chuditch-2 within next 5 weeks.

Government approval for NZ acquisition expected in August and accumulated revenues to date announced.

Loi between finder and sunda expires on Oct 31 regarding rig hire, hopefully a suitable rig is secured before then.

The Phillipines seems to be a longer play at the moment but could be the most profitable in the long run.

This definitely seems like a period where investors can top up/average down if they are fortunate enough to be in a position to do so.