Member Info for passiton

Timor Gap have no money, so if Horta wants to complain to Timor Resources
he might want to fund his own side, TG are funded by Government until the
revenues flow (still to happen) and also have outstanding loans to payback
to the Sovereign Petroleum Wealth Fund, like the $650m loan to take Shell
and Conoco's share of Sunrise, when they said leaving due to Islands refusal
of both Darwin and then FLNG.

Read some stuff on the Timor Resources (Australia) and TG conflict the other week
does read like amateur hour on the TG side again and appeared their interpretation
of the wording, was they are carried to 1st Oil but in the article did read like as TR
had it, it was not the case and TG had presumed yet again, as that's how these deals
are mostly structured with the locals.

Sure they will sort it out, TR a couple of months back , said would help the Island fund
refurb/dev of Bettano the Oil refinery on the Island, after drilling the latest onshore well
the Minister told them to stay in their lane.

Can only presume, iF they want Bettano sorting, they have something this time after 3
uncommercial drills. GLA

So no hocus pocus or dodgy MM's , just **** labelling
by sites like this one GUESSING.

08.03.23 08:00:47 0.11 GBX 1,000,000 1,110.00 Off-Book P AIMX AIMX

What your trade looked like on the REAL market, before the 3rd party sites put their
own GUESSWORK spin on it, to try to be helpful with trends , volume ratio's etc
and failing miserably on all shares daily. GLA

Same every day on all shares, the worlds markets do not use buy/sell
or red/blue, just GUESSWORK sites like this one based on what its own
algorithm thinks is current mid price.

All above buy
All below sell
All on its mid, delayed or now out of its range UNKNOWN

All based on its now status, be the trade 3 minutes or 3 days ago.

Even today, the pipeline is far from being ready to provide Timor-Leste with the needed resources. Woodside continues to deny the nation’s demands to develop the pipeline from Timor-Leste’s shores, rather than Australia’s Darwin coast. Despite a clear understanding that the prosperity of the island depends on not just the oil and gas returns, but the “second-order economic and social benefits” derived from the consequential workforce required to undertake the project, Woodside is relentless in its denials—such is the egalitarian Australian culture.

The company, valued at US$37.4 billion, should be well aware of the benefits of preparing future generations by providing working and leading experience, as its own corporation reaches 15 countries, employing thousands of people globally.

The final agreement signed between the nations occurred in 2018, shortly after Timor-Leste terminated the espionage claims in the permanent court of arbitration. What’s more interesting than the decision to at last define the maritime border by the median line is Australia’s public reaction. Surprisingly, Australia now sanctimoniously promotes the importance of international “rules and norms” as if it had always favored the stability of UNCLOS regulation. The government is so far removed from its own actions that it can praise peaceful negotiation without guilt as if it hadn’t spent the last 18 years advocating for antiquated guidelines solely to exploit Timor-Leste for its own pecuniary benefit. The adjusted deal in line with UNCLOS, which gives 70 to 80 percent of the Greater Sunrise Field’s revenue to Timor-Leste depending on where the pipeline is constructed, is so much more than just an attempt to save face.

This may seem like opinionated speculation, but such sneaky legal activity is confirmed by official cabinet documents; in 2000, Australia expressed concern that the potential independence of Timor-Leste may rupture their existing agreement with Indonesia (which, of course, it did). It was a concrete reason to preemptively exempt themselves from international jurisdiction, yet one that further solidifies a national valuing of economic expansion over the human rights of Timor-Lestians

A Strategic Exclusion from International Law
The problem still remained that under current International Law, Australia shouldn’t have any claim over the territorial field at all; a 50 percent entitlement is still dramatically less than the 100 percent Timor-Leste was legally authorized to have. It is no surprise, then, that when the bugging became public in 2013, Timor-Leste promptly rejected the CMATS Treaty, rightfully contesting its validity due to Australia’s good-faith conduct being tainted by espionage.

Furthermore, speaking to the truly suppressed nature of Australia’s legitimately imperial manipulations is that Timor-Leste could not even turn to the International Court of Justice (ICJ), nor the compulsory jurisdiction of UNCLOS, to ensure Australia answered for its history of exploitative wrongdoings. All the way back in 2002, a mere two months before Timor-Leste won the battle for independence, Australia had quietly excluded itself from both international systems. With one swift exit, Australia had successfully prevented Timor-Leste from exercising its inherent rights under international law and now was able to rely purely on ‘diplomatic’ negotiations. One can understand why this might be intensely useful for a country predicated on the exploitation of a developing nation—now it was a simple game of power politics.

Long before Timor-Leste gained its independence, Australia was attuned to a possible loss of profit, labeling the issue as politically sensitive and covertly accepting that the Indonesian treaty had “failed to deliver benefits to East Timor.” Rather than rectify this as a powerful partner, they purposefully allowed Timor-Leste to lose US$1 million per day “due to Australia’s unlawful exploitation.” Just as the Queen’s supposed benevolence to charities was funded on the backs of enslaved minorities and colonialism, Australia’s “deep and abiding interest in Timor-Leste’s future prosperity” is duplicitously characterized by imperial power exertion; by completely restricting the island’s necessary economic growth, Timor-Leste is left stranded in deep poverty without the means to claw its way out.

Treaties upon Treaties
Without understanding the relatively brief, but extremely telling history of relations between Australia and Timor-Leste, it can be difficult to grasp the significance of this maritime domain struggle. The transition away from the 1989 Timor Gap Treaty, between Australia and Indonesia, marks the historical pivot for Australia’s reign over emerging Timor-Leste. Rather than an equal split of the Timor Gap revenue as with Indonesia, Timor-Leste’s 2002 independence introduced a revised Timor Sea Treaty which adjusted the revenue split to a 90/10 favoring Timor-Leste. Upon first glance this presents as a seemingly promising improvement. Yet it is littered with furtiveness and a strategic redefining of internationally-accepted terms. So, whilst the breakdown of revenue within the shared region is favorable to the burgeoning nation, the reality is quite different. Rather than the codified maritime boundary principles under the United Nations Convention on the Law of the Sea (UNCLOS), wherein the “median line” between the countries divides sovereignty within the area, Australia strategically argued for an economic division along its continental shelf; suddenly, the resources of the Greater Sunrise Field which spans the border of the joint petroleum development area (JPDA), are overwhelmingly Australian—approximately 82/18. This unusual, tactical maneuver enshrouds acquisitive imperial sentiments, and it was no accident.

In a show of distinguished partnership in September of 2022, Anthony Alabanese appeared to take a positive step in rebuilding a very rocky relationship with the Southeast Asian nation; by signing a brand new defense pact that allows military personnel protection in each respective country, cooperative activities across the shared Timor Sea are made easier. Whilst promoted as an “affirmation of close security cooperation,” it is no coincidence that the agreement comes less than a month after Timor-Leste’s president, José Ramos-Horta, threatened to turn to China for economic support if Australia’s government-supported energy giant, Woodside Energy, continues to reject their call for cooperation surrounding the construction of a pipeline in a key area of the Timor Sea. Clear concern for drawing China into the Indo-Pacific and forfeiting Australia’s sustained power over the island nation underpins Albanese’s deal, and more importantly, does nothing to address the real problem in this unstable relationship.

I second that emotion, lol

In this case labelled unknown as outside what the algo recognises
as CURRENT RANGE, so chokes.

No such thing, its the sites like this that label it this way NOT THE REAL MARKET
it labels nothing, sites like this all use a BEST GUESS algorithm on all Trades

What it thinks is mid price, all above buy all below sell

All on ITS mid price , prices moved on so out of ITS current range or delayed
UNKNOWN the guess and all labelled by what IT thinks is current data, be
the trade from 3 minutes ago, or even dated and timed 3 days ago, seen them

Label's ZERO to do with hocus pocus , mm's or anything else, just guesswork
sites like this lse London South East , is not the LSE.

Unknown , just like buy or sell on sites like this a best GUESS
added, see real market trades post below.

All use a carp algorithm to BEST GUESS and label, the market labels nothing
All above what it thinks is mid price at the time a buy , all below a sell, all
delayed , on its mid , or price now out of range UNKNOWN

The latter as the worst algo in the world , uses ITS now status, to label all
be the trade placed 3 minutes , 3 hours or even 3 days ago (seen them).

Matters not either way, if sells, better any remaining overhang
out of the way prior to news landing. GLA

As the trades really look on the real lse AIM

07.03.23 15:29:25 0.60 GBX 5,000,000 30,000.00 Off-Book P LRGS AIMX AIMX
07.03.23 15:28:56 0.60 GBX 5,500,000 32,725.00 Off-Book P LRGS AIMX AIMX
07.03.23 15:29:01 0.61 GBX 100,000 607.00 Off-Book P AIMX AIMX

both appear to be sells, prices at 1530, no way they got a discount
for a large trade.

Sells going through at the end 0.20p and Buys at ask 0.30p
that's 50%

Try executing the dummy, often tells you to jog on, price no longer
available.

But 50% is taking the ****, lol