The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Tel.: (+44) (0) 20 3440 9025-6
E-mail: info@tlembassy.co.uk
An inquisitive e-mail or few, on yesterdays meeting , surely can't hurt 🤔😂 one of us might even get a non bland response 🙄🤣
Timor Leste traditionally , full Cabinet (council of ministers) meetings Wednesday, since Gusmao took over, his first couple on Tuesday, since reverted to Wednesday. Has been no meeting published on the Gov website this week, in the past, when delayed (rare) or an additional emergency meeting (covid/super storms etc) have been held on Friday, what is the delay ? could it be something funding related, to those, LH NGO accelerated Australia/TL Sunrise talks being held for the new Natarbora site project ? replacing the 20 year Beaco plan, according to the local NGO.
Or even us, after yesterdays meeting, official backing for our FPSO plan, with perhaps a side order of Gas/LNG Imports Metinaro FID 🤔😉
Approaching the 4th anniversary of Sundagas , NO TENDER award of Chuditch, for services rendered since 2016, is yesterdays media (FB fIlthylucre) later posted on X by Baron themselves, the end of the beginning and a new dawn a rising for Boil........ 😉🤔
https://en.tatoli.tl/2019/11/09/singapore-firm-takes-lead-in-new-timor-sea-gas-field/06/
Now, expecting some SOLID news flow to commence and something for Boil on Santa's rally sleigh this year 😲🤑🤑
Normally I would agree Filthy, the TL side have got carried away with themselves many times over the years, on this occasion, I think perhaps not, the 10 billion is conservative, we are 3.5 tcf with much upside (shell 1990's) , Sunrise 5 tcf plus 240mb condensate, they (tl) have talked about as 38 billion to tl, so figure seems a bit low and probably, spoken to him in the brief, not him plucked out of the air, in this case probably our Directors, keeping the figures sensible, not top end potential, if all goes 100% perfect (little ever does) 🤔
Now look forward to Yeo ho ho , putting some meat on the bones in an RNA message soon, as this little chat, will have speculation fever attached to it, probably get a spike the rest of this week, that will die as per usual, if he and the waste of space PR machine, do not back it up with solid news again, then all will go tumbleweeds, until it does land. GLA
Diana Ross is in
Rns me in the mornin and sp fly's away, we won't have tomorrow, what we had many yesterdays, hey wasn't it me that said , they can't hold out forever and wasn't it CDF who said, Bungalow now , not sometime never, it must have been hard to hold, now you've topped up all you can, I can understand your feelin' that way Everybody's got their life to live, Well, I can't say goodbye or sell In the cold mornin' light But I can watch Boil sp no longer die, In the warmth of the flight. If I've got to be strong holding long, Don't you know I need a higher sp tonight, until 1p is gone, Filthy tapped a head's up , Now Yeo what can you do , rns me in the mornin, then just proactive talk all day, Rob you coming back this way, if at last its our big day a hey hey ? 😉🤔🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑
Andy Yeo, CEO and Mr. Andy Butler, that I think is also a first ever external meeting, with BOTH in attendance, Butler's face and spiel on all the TL/Singapore stuff, Yeo hoho the UK side, that in itself speaks PROGRESS in motion...GLA 🤔
He was appointed with a remit in our favour and first ever UK Ambassador for TL, we all must have missed that at the time
https://en.tatoli.tl/2023/03/29/pm-encourages-ambassador-rangel-to-strengthen-bilateral-relations-with-the-uk/09/
Sure need something to stop the rot, sp and mc now crazy, Dunrobin more than covers the current MC with 66 mbo being Boils share, that's in for around 25p a barrel 😂😜😲 leaving our 500mboe Chuditch thrown in for FREE, just need that one trigger and we will be off, like a rat up a drainpipe , vertical rampant exponential rise , is value returned for our currently £0 valued gas.........GLA 🤔
Seems they are now expecting the project to advance 2024, so pretty much already have our by December , drill or drop answer, IT'S DRILL, that recent RNA message over rns, now looking a near term reality, not just another Yeo ho ho, kick the can down the road. 📰👀
Many here, have waited 4 years for something like this, the end of the beginning is nigh GLA 😲🤑🤑🤑
And neither Horta or Gusmao attending next weeks jolly, fancy our news is soon/imminent/close and I do not mean the ceo/bod own dick and harry version meaning ! 😂🤣😂
Had a glance around the local and Gov media, not seeing any other appointments for the pair next week.
We know Australia and TL in accelerated talks on G.Sunrise to new site Natarbora (Lao Hamutuk NGO)
We know Metinaro P.I.T their second major Oil and Gas project, FID imminent (Q4 2023)
That's the Gas/LNG Export terminal and the Gas/LNG Imports terminal projects, news progress on either can only be good for Boil/SG, either gives Chuditch a home to go to , that will be acceptable to the freedom fighting rulers, to the Island by pipe (eventually) , or supply the Island by FPSO much sooner.... 😉🤔
Baron remains, a Multi Mega bagger minnow holding 75% of a Majors developed license, on a Sale, just have to settle for a multi bagger, if only JV 🙄😂🤣😂
The Minister of the Presidency of the Council of Ministers, Agio Pereira, will participate, on behalf of the Prime Minister, Kay Rala Xanana Gusmão, in the 52nd Pacific Islands Forum Leaders' Meeting, taking place between November 6th and 10th, 2023
http://timor-leste.gov.tl/?p=34975&lang=en&n=1
Neither President Horta (Mr Speechie Airmiles) or PM Gusmao attending, so what are they up to next week ? 🤔
Remind you of anyone 😂, Horta/Gusmao (NO 2002/2008 Darwin/FLNG) has led them to a fiscal cliff, while telling all to wait for Beaco, which according to the local NGO Lao Hamutuk, is now off the agenda for a NEW location Natarbora and accelerated talks between Australia and TL , to get Greater Sunrise piped there ASAP.
Yes to Shell/conoco/woodside 2003 commence production at Darwin, would have seen around an extra 20-25 billion in their SPW Fund, which could have paid to build the facilities themselves, processed Kelp and Chuditch for more billions and per the TL strategic plan 2011-2030 paid for and developed all the other sectors for , beyond oil and gas.
20 years behind the lucrative financial curve they could have , already had !!! fffs 🙄😓
Talk about repenting at leisure 😂🤣😂
Its no secret , all want more gas, China last year after a new monster deal 67 Million tons Gas/LNG per year with the USA, said still looking for another 20m tpa, for the next 10-15 years, just to cope with current rising demands in China, thats still 5 x Sunrise (shell 26/28 well plan FLNG 2008 was 4mtpa)
Japan paid 50 billion to its major players , to go out and secure supplies for the next 20 years and more recently, signed an Mou with Woodside through its Gov Bank, with all Japanese companies available to support them if required (inpex etc)
Santos/ENI/Koreans, JV to acquire and develop more Timor Sea assets (Indonesia/TL/OZ)
Australia itself predicting massive increases of production/development required over the next few years, again just to keep up with current rising demand, yet the new Government after asking for it, now hindering it actually being done ffs
keep our own carbon footprint down measures, someone ought to slap Albanese with a can't make omelettes, without breaking eggs reality check. 🤔🙄
Instead of tying their hands, how about giving more support to OZ companies developing carbon capture facilities, at least 4 on the mainland and of course Bayu in the Timor Sea to be developed and increased over time, funds now would make all happen sooner, then the increased production he wants can be done with little impact to the environment, all wastes, going underground/under the sea. Another political they broke things, only they can fix , with compromise not conflict with the industry. 🤔🙄
Nice one CDF, the Meg in her own words NEED MORE GAS, so Dear Meg, get Sunrise and the rest of this stalled for 20 years region moving, PSC and production plan, discovered 1974, has waited WAAAAAAAAAAAAAAAAAAAAAAAY to long, her own company letting it slide since Shell and co said leaving (2008/9), so find that last paragraph amusing, now blaming others for what they have done to TL production potential for years. 🤔😂
TGS, entire 50,000 sq km of TL all on/offshore seismic in support of the bid round June-October 2020
which included the entire 9024 sq km Kyranis-3d, new TGS 2d Cubed processing, comes out like 3d
presentation.
Woodside all 3270 sq km Sunrise in A SINGLE DAY processing with AWS 2020
Boil a portion of the Chuditch/Kyranis-3d , its coming Feb 2020 - Finally arrived late 2022 !!!
Deliberately snail paced, as local conditions remained at a standstill/20 year force majure/impasse
They have lots of history, including a statement fully funded, followed by a prudent placing 😲😂
Most recent news, progress , now appear positive things are moving forward but I for one, will expect them when I see them, after all off Yeo ho ho's previous. 🙄🥱