Member Info for passiton

Don't panic Captain CDF
It is what it is and Sundagas being so tight with the locals and extension will be given
with little thought, if required, Timor Gap not and operator , Sundagas not an operator

The have known all along, another has to come to the party, a real offshore operator
that can make it happen and for the Island if required , much quicker than Sundagas
slow loris timeline of 2028, be it by that plan ,or another the new boss will negotiate.

JV or Sale, the new player WILL DECIDE, not any of the current players. GLA

If JA , sorts his **** out, this will be like boil recently , sessions of billions of
shares traded , not 21m and 1250-2000 trades a day. GLA

around £35k from 27 trades all day volume 21m

on this share base a 20m buy would not be that chunky either.

what chunky buyers ?

https://twitter.com/MetalNRGplc/status/1633840322538274819?cxt=HHwWhoDUyb3HyKwtAAAA

https://www.londonstockexchange.com/stock/TRP/tower-resources-plc/company-page

Volume
21,231,247

What £80/90k ?

The Island promoting its own industry at Australia's premier Oil and Gas conference next week,
ANPM, will as on other such worldwide tour events, will mention, what they have, large finds
with more to be found on its available licenses, in the only underexplored area of the prolific
Timor Sea

Pretty sure this will be no different, promoting 50,000 sq km of available seismic (entire on/off
shore area CGG and TGS had it all long before we did a portion of a license)seismic and the secrets
it has revealed (title of a previous presentation)

The discoveries made , Sunrise , Chuditch and the monster Kelp 14.5 TCF (Mobil 1998)
all on trend as is Bayu Undan (main reservoir depleted) with dozens of discoveries on
the Australian and Indonesian sides of the Maritime boundary in the Timor Sea.

The Islands big plans, Bettano Oil refinery complex and Beaco Gas/LNG Export refinery
on the South Coast (Suai support port - built , sits between and ready to go)

Metinaro PIT, petroleum import terminal, all fuels, including supply and 90 days storage
for the Islands domestic needs in case of future disasters (covid/mega storms) It includes
a large Gas/LNG Import facility and tank farm, to supply the being converted , 3 power
stations on the Island.

Chuditch and Sunrise, will be prime candidates initially for those two major projects.
Until Kelp gets a license/operator and other discoveries made. GLA

https://aogexpo.com.au/exhibitor-directory/exhibitor/?id=106

Uncrossing Trade, UT's often used to control a share around the daily scheduled
auction PME periods, Boil a little while ago kept rangebound with up to 6 a session

Can appear with or without the follow on PME's

0700-0710 pme
0755-0800 Pre open Auction - 0800 UT
0900-0910 pme 2 x 5m if required , or 0900 UT
1100-1110 ditto , UT 1100
1200-1210 ditto , UT 1200
1400-1410 ditto , UT 1400

1630-1635 pre close auction , UT 1635

1635-1645 pme

The 0700 and 1200 pme slots , only ever used during crazy times, market crashes etc

Doubt we need to worry about that, the new owner, be it majority JV or taking
us out all together, will have their own idea's, Sundagas briefs already have
options for Carbon Capture, including the Bayu conversion soon to be implemented
and others, even mentioned the possibility of using our own license as storage.

That Thailand NOC $1.25 Billion winning bid, was also when
Gas prices much much lower

Is a billion market valuation possible, imo if the bod play their cards right (sales)
Shell and Conoco fire sale , 56.6% of Sunrise to the Government on leaving for
a combined $650 Million when gas prices much lower, deal struck 2018 and then
finalised 2019

Sundagas own 75% of Chuditch
Boil own 100% of Sundagas for sale

At 2023 prices vice 2018, that Sunrise ballpark figure puts us pushing out to those
sort of figures by itself, with Dunrobin to add.

Sure a few on here will remember cove, offshore Tanzania/Mauritius, similar sized
asset , it got an opening bid from Shell , they lost the bidding war, won by the NOC
of Thailand, the bid $1.25 Billion.

These things do happen, now all down to the BOD, to get a deal done, be it a lucrative
JV and carry or a massive cash injection sale. GLA

No comparison , was in GGP for years , always claimed to have 18 Telfer
lookalikes , Telfer 18 million oz Gold Mine, Telfers owners decided to come
for a look put multiple drills in operation and agreed the first one was and
the chances the others also, pretty good.

We are talking $550-$650 BILLION in potential Gold, so when GGP roared to
a Market Cap just over £1 Billion, it was hardly overvalued.

Sunrise pre gas boom valued at $65 Billion over a 30 year life cycle, for its
5 TCF plus 250mb Condensate, Chuditch growing and upside but currently
3.5 TCF

Should go big but no comparison to a potential $650 Billion asset. GLA

even at $1-2 a barrel sale could get us a very nice wedge but our share base
is £189.4m per 1p, giving a rise like GGP a ceiling of 5-6p

Newcrest stand to get huge figures out of the Gold , taking ever increasing percent's
for the work done for GGP, paying for all and getting on the cheap (hence £65m deal)

Can never compare SP's on other shares, not even on the same share, every dilution
changes the baseline, so we use to be comments are worthless.

It's always about achievable market valuation, GGP a billion v a potential set of assets
over $650 Billion, a pretty low percentage of potential.

Achievable MC , divided by current share base = potential sp

Old MC's have value, old sp's worthless

Boil's current all time break out high was 0.17p old high to 0.34p recently , that became
0.2599p after the recent dilution, break that and its blue sky all the way.

As far as the Island goes, 2 set in stone projects will be developed

The Southern Project , Beaco/Pipeline

The Northern Project, Metinaro PIT , which included the supply of Gas/LNG to the
3 being converted Island Power Stations (Parliament all to be completed by 2025)
and includes an LNG Tank Farm to hold a security blanket of 90 days supply, in
preparation for further , pandemics or weather disasters.

On top of all that Meg at Woodside last Summer, Sunrise issues aside , had a face
to face with PM Rauk and stated, Woodside would be delighted to continue their
long association with the Island and do more Exploration, since that meeting
Woodside went into a MOU with Japan , to secure supplies, Japanese bank and
Companies, waiting in the wings WILL ASSIST.

Plus as posted last night, the China BRI waits in the wings, after a Ministerial visit
to the Island last June, (see post for details) after which they indicated happy to
help the Island develop, after the meeting, Horta went to the press a few weeks
later and threatened Australia with China, if they do not get Woodside to do what
they want (Beaco/Pipeline etc)

Been saying since September 2021 , the Island announced their new studies
for Beaco , based on co-ordinated development of , Chiditch , Sunrise , Kelp
to all feed the plant on commission , while Boil/SG talking FPSO.

Island has always had its own agenda, Chuditch will get developed, one way
or the other, just the timeline and route , that remains uncertain.

Islands 2021/22 Studies - To Beaco
Sundagas - FPSO

Santos/ENI/Korea to their own facilities in Darwin
Pipeline 2 project , vice now banned Barossa HUB

Santos , ENI together or separate from their 2022 MOU to acquire more Timor Sea
assets, in conjunction with their own Santos Block R or ENI Block P, which we sit
between, likewise right next door to the Bayu conversion to Carbon Capture project
again Santos with its cohorts.

https://my.linkedin.com/posts/andy-butler-93088b33_sundagas-banda-unipessoal-lda-hosted-a-training-activity-6960623562936180736-CLAb

SundaGas Banda Unipessoal Lda hosted a training workshop in Perth WA last week to look at the original core taken when drilling the Chuditch-1 discovery, offshore Timor-Leste, and core from an equivalent section in the Sunset-2 well, part of the Greater Sunrise discovery. The workshop was attended by thirteen invited representatives from ANPM, TIMOR GAP and IPG (Timor-Leste Institute of Petroleum Geology) and hosted by SundaGas’ geologist Dr. Robert Herries. Following an introduction to the regional geology and core acquisition, a series of classroom and core-based exercises on the Chuditch-1 core enabled the attendees to construct a sedimentary log incorporating major bed boundaries, lithology, grain size and key sedimentary structures. This was then integrated with the core gamma log, petrophysical logs and laboratory core porosity and permeability data to define the major reservoir flow units, and the main producing and storage intervals. The second day was spent logging the major reservoir flow units in the Sunset-1 core and comparing and contrasting the sedimentary facies in both wells.

Sure he will find that shovel and a choice pick

when it comes time to , re fund his annual salary and allowances, lol

One of the full articles on that China state visit to Timor
last Summer.

https://english.news.cn/20220604/d8631ac51cb94fa28014ffaa290bf1f4/c.html

Oh it does, you will know it , if a real one arrives, not as common these days
as it was before the majority of the market became funded by pump and dump
wonga financers , when the banks and upper institutions pulled right back.

If its happening, it will only be in the last hour, often even just a mental last 20
minutes, have witnessed some of 50-80% in a crazy close.