Member Info for Kerosene75

Golf 57. I don't think 1p is on anyone's radar anymore, even half of that seems optimistic.

It's hard not to feel that Sunda is getting screwed over by Timor Gap.

I didn't know that Chris. I'd settle for one on Monday, more hope than expectation at this stage.

I would have thought the rig hire process would be relatively straight forward, on the Valaris website you can see what some of their rigs have planned for the next 12+ months.

We can't seem to get a bloody helicopter over the line, which is madness considering we were meant to be drilling q3 2024 at one time.

Unless that is a cover story to buy them some time for some other delay.

It's hard to disagree with any of that Christoffmcd.

The cln must have spooked many potential investors, especially considering what happened other aim companies in recent times, who secured similar loan arrangements.

I don't think any lth expected the sp to be in this position only 9/10 weeks away from potentially beginning the drilling program. Myself included.

What are the consequences of the sp dropping below £10m, I thought it was a safety blanket of sorts for snda.

That's definitely a concern scottydod. Though there is a safety net that the market cap can't go under £10m

The current sp makes for grim reading, no matter what way you butter it up.

I noticed they said to drill this year, not q2 as previously communicated.

How much longer can we realistically go without news regarding funding, rig hire and environmental updates and keep to the scheduled q2 drill timeframe?

It's seems to be the preferred option.

It would certainly explain Andy Butlers confident replies regarding the q2 drilling deadline being met. Love the name betting on Butler lol

Must be 4 years ago we were told about the famous data room. At the time it was implied you would need to make an appointment to get in there.

Must be 4 years ago we were told about the famous data room. At the time it was implied you would need to make an appointment to get in there.

Unless there is a rns on Mon or Tue morning, it's very unlikely there will be signifigant news from Timor-Leste.

We might hear about the new licenses and how they are progressing, but I've only minimal interest in that project at present if I'm being honest.

I see it's bound for the valaris 247, but have we not missed the boat (pardon the pun) in regards as securing its services.

Butler has spoke at a few events similar to this before, but I don't recall anything of significance being announced at them.

Up until recently I thought a successful Chuditch-2 drill would lead to a sale of Sundagas share of the asset. But I'm beginning to believe Andy Butler has a more long term plan for this asset. Just a hunch, nothing more than that.

Will this next phase of drilling in early 2025, assuming it's successful, be enough to advance the project to the next stage of production?

Or will other areas of the project need further exploration to determine the complete potential of the area.