Member Info for Kerosene75

I think the masterplan will be revealed at the Timor-Leste Energy summit next month.

Hopefully hear something definitive this day two weeks.

Easier said than done, all the same.

I agree MD, it's up to Butler to get the drill done end off. We have had umpteen webinairs telling us the benefits of Chuditch to Timor-Leste, where the gas can go etc. It's time to get finance agreed, get a rig hired and get the sp moving north.

Surely there must be significant news prior to this from Sunda-Energy, otherwise what is the point of it.

AB can hardly get up and say we plan to drill in 6 months time, just give us a few more weeks to sort out finance and ring around a few oil rig companies to see who are available.

I think 2p is more than optimistic. I'd never be more happy to be wrong though.

Yeah, it's 3 weeks away, it should give us an indication of what Sunda Energy plans to do in the immediate term regarding Chuditch.

The following month the Timor-Leste Energy summit should give and indication of the country's immediate and long term plans.

I think q4 2025 is a decisive month for Sunda Energy.

Is may/June 2026 not long enough of a delay? After the helicopter fiasco Timor Gap stated the drill could still go ahead this year but Sunda gave a H1 2026 timeline.

At the time I thought AB was buying himself time with the h1 2026 schedule, surely any further delays would erase all credibility for Sunda Energy.

The October seminar you would think will give us a clear indication of how Sunda Energy are to progress with the Chuditch-2 drill program.

The Timor-Leste Energy summit in November should give an indication of how the country as a whole is looking to progress.

It's a critical time for all concerned, there is political unrest in TL, the country is facing a fiscal crisis, the govt looked to have put all their eggs in one basket, compromises are going to have to be made.

I've mixed feelings, it's good to see there is progress in the region, but at the same it feels like Sunda Energy is being sidelined.

There was speculation that full Asean membership, which looks like it will be completed next month, could be an option for securing finance for drilling Chuditch-2.

I think next month could possibly see a bit of news flow. Full Asean membership for TL, possible award of Phillipine licences, environmental approval hopefully.

If we are to hear about rig hire and drill financing, I think it will be later in the year after the Timor-Leste Energy conference in November.

In fairness to Sunda Energy, news on the Philippine licenses is out of their control, apparently it's waiting on the president or some other leading official to sign off on it.

The sp does make for grim reading, but I'm hoping news over the next few months might our share price some badly needed impetus.

Environmental reports on Chuditch-2 drill due.

Award of Phillipine licences overdue.

Conclusion of Santos takeover bid imminent.

Decision on Greater Sunrise, I've a suspicion this might be delivered at the Timor-Leste Energy Summit in November.

Obviously the finance arrangements for our drill costs will be the most important call and will probably make or break the majority of the long term investors here.

All comes down to what deal can be done on funding. Will us long term holders be sacrificed? The next few months will be telling.

If Sunda/TG are committed to drilling Chuditch-2 early 2026, I would think it is imperative to have funding and rig hire in place by Jan 2026 at the latest.

Funding not mentioned and all in all, very vague, sounds promising in parts but as usual no definitive detail or schedule.

The environmental reports on Chuditch-2 should be published this month. The Phillipine licences are already overdue.

The big news regarding funding our share of Chuditch-2 drill costs, and rig hire etc is anyones guess.

The Santos takeover and progress on Woodside are external factors that could benefit our sp in the immediate term.

All in all though, an absolute horrendous 2025 to date.

It's been postponed the last 3 or 4 years,hopefully this is the year when they have definitive news on Chuditch, Greater Sunrise etc.

That would be a very welcome outcome Eddie.