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It seems like it has formed a base around this price with large buys coming in now…

Js15 what are you on about, I haven’t posted on he1 board for well over a month.

In fact did you not post this on the HE1 bb only just on the 17th Oct 2024:

Another really solid update which shows all ducks in a row but yet again, the market not interested.

Sure you’re a very credible person lol

UPL initially applied for exclusive rights for a PSC award directly with Petros before Petros suddenly decided to offer it to a wider market instead with UPL then heading straight to the government to force the approval.

If Petros are now the main decider in Sarawak then will UPL go back to Petros to seek approval for the PSC…

This is a separate issue only between Petronas and Petros.

UPL are not going through Petros, instead they are trying to bypass Petros and obtain approval from the government as per their RNS that had been ongoing for awhile…

No seascape has nothing to do with UPL and whoever bought loads in at 1.40 is severely underwater

The Alleby Report states:

The cash flow outlook for 2025 is particularly uncertain at this time given that the financing

arrangements for the prospective Chuditch-2 well are unknown. We note, however, that

G&A is running at about £1.6m at an annual rate so that a significant funding requirement

possibly at least in line with last February’s £3m raise is likely to be required, even

assuming a large element of free-carry on Chuditch-2.

Exclusivity Agreement with Pacific LNG Operations:

There can be no guarantee that a definitive agreement in relation to Pacific LNG will be entered into, nor can there be any guarantee on the terms, structure or timing of any potential investment. Nevertheless, the Company looks forward to being able to provide further updates regarding the terms of a funding agreement with Pacific LNG in due course.

Sunda remains focused on a drill date for the Chuditch-2 appraisal well at the earliest opportunity in 2025.

Drilling is now expected to commence in Q2 2025, with slippage in the schedule principally resulting from overrunning drilling activities of other operators using the preferred rig.

Market doesn’t like uncertainty and delays…

There is some uncertainty around the funding, how will it be raised, more shares to be issued with another placing maybe...?

Fud spreaders can fud off :-)))

Long term holders are just watching on whilst the traders and shorters are having all the fun

What type of funding are we expecting and how much money is needed?

Ask just gone up to 1.50!

Let’s see if this rise holds

Https://www.upstreamonline.com/lng/breakthrough-imminent-on-long-awaited-sunrise-lng-project/2-1-1723731

The long-delayed Greater Sunrise LNG project in Timor-Leste is on the verge of being unlocked as a crucial development study that will decide on a concept that provides the most benefit for Timor-Leste is nearing finalisation.

https://x.com/SundaEnergy/status/1846844500448014765

Https://johnmenadue.com/timor-leste-president-ramos-horta-pushes-australia-on-greater-sunrise-petroleum-project/

Timor-Leste President Ramos Horta pushes Australia on Greater Sunrise petroleum project.

President Ramos-Horta urged the Australian government to work with his government to decide to develop the Greater Sunrise petroleum project with the gas and condensate landing on the south coast of Timor-Leste for processing, rather than being piped to Darwin, to be processed at one of two existing Liquid Natural Gas (LNG) facilities there – Santos’ Darwin LNG facility and Inpex’s Ichthys LNG plant.

The President expressed frustration that a Greater Sunrise Concept Study on the pipeline issue, commissioned earlier this year, had not yet published its report. The independent study is led by Wood Australia and is examining requirements for developing, processing, and marketing gas and condensate from the Sunrise and Troubadour fields including LNG sales, on Timor-Leste’s south coast, or an alternative of delivery of the gas to Australia. It is to determine the optimum benefit for the people of Timor-Leste.

The report is due between now and the end of December.

Https://macaonews.org/news/lusofonia/timor-australia-china-greater-sunrise-oil-gas/

NuckyT...Welcome to Hemo!

You need bags of patience to stay invested in here :-D

Https://smallcaps.com.au/timor-leste-president-multiple-parties-interested-greater-sunrise-gas/

Woodside and its project partners have held discussions with the Timor-Leste and Australian governments as they try to progress a way forward for the long-stalled project.

Giant gas field:

Greater Sunrise is located 450 kilometres north-west of Darwin and 150km south of Timor-Leste, within the borders of the Timor Sea Joint Petroleum Development Area.

Leading international engineering firm Wood was recently appointed to conduct an independent study for the Greater Sunrise development and Mr Ramos-Horta said he is eagerly awaiting the results.

It is considered one of the largest undeveloped petroleum assets in the Asian region, with an estimated 5.1 trillion cubic feet of gas and 226 million barrels of condensate.

Https://x.com/SundaEnergy/status/1843969544651739429

Sunda Energy Plc

@SundaEnergy

Exciting times ahead as Timor-Leste moves closer to unlocking the #GreaterSunrise gas project, and very encouraging to see the potential of the region’s resources in focus.

11:59 am · 9 Oct 2024

Thank you for sharing the info and link Eddie!!

Exciting times ahead of us very soon.....

:-))))