Member Info for passiton

Full SEAPEX conference 6th to 9th March,top of the bill , Sundagas obvs, lol
but what a list of Majors and Tier1 players presenting over 4 days. GLA

The 10th a change to unwind and do a bit of networking optional Golf tournament
Palm Springs Golf Club Batam Island Indonesia (ferry from Singapore)

More than our market cap , horses mouth the CEO , mc £15m

More than , hopefully, when they were previously valued by London players at $18m
a few years ago now.

Anything beyond, a very nice bonus to the balance sheet. GLA

14:30 7th March

Colin Murray , Sundagas presents, Chuditch , Application of PSDM and FWI
TO unveil a SUBSTANTIAL gas field.

Note that word and they are talking to , not bluffing the elite of the sector.
GLA

https://www.seapexconf.org/technical-programme-2023

7th March alone to name a few

Wood Mckenzie
TotalEnergies
Cheveron
Shell
Exxon
TGS Seismic

and in the afternoon , little ol' SUNDAGAS presenting CHUDITCH

As said for months, Andy rubs shoulders with the elite of the sector, on a regular
basis , in his role as Vice President SEAPEX

RNA on the rns news wire, in farm-in talks and with other's looking for energy
security. Big week for him coming up, they will all be present next week.

After a 4 year absence, SEC 2023 will be a landmark conference bringing together the upstream
energy industry in Asia Pacific and celebrating 50 years of SEAPEX.
https://www.pesgb.org.uk/events/seapex-sec-2023/

Sundagas plan FPSO, growing demand for associated vessels, despite increased costs

https://www.upstreamonline.com/rigs-and-vessels/sbm-offshore-sees-35-fpso-awards-amid-major-cost-surge/2-1-1410681

Outright sales of assets or JV's , it's coming

Our focus now is on assessing the viability of drilling for both a Chuditch appraisal well in
Timor-Leste and a Dunrobin West exploration well in the U.K.," Technical Director Jon Ford said.

https://www.marketwatch.com/story/baron-oil-report-says-east-timor-gas-development-appears-viable-287c530b

As have posted for months Andy also VP of Seapex, where he rubs shoulders with the elite
of the South East Asian industry, another event tomorrow, tech stuff, they quite a bit going
on 6-10th and think its the 13th, the Australian annual event.

As he said in a recent rns

various interested parties have been in farm in talks and others also looking to secure
energy supply.........now down to BOD , to progress events to either sales or planned
first appraisal wells on both assets. GLA

EQTEC ended up 24% , guess Italy news about to drop.

MetalNRG, through its Special Purpose Vehicle MetalNRG Eco Ltd, is partnering with EQTEC plc
and a consortium of co-investors to recommission a biomass-to-energy plant in Tuscany, Italy.

MetalNRG has invested a total of €700,000 for a 15.88% equity interest in the Project.

Last rns, to be up and running, EARLY 2023

eqtec on the move up 18%

https://www.lse.co.uk/rns/MNRG/italia-mdc-update-8tts81ketixc7nl.html

No record volume today CDF, that's over 4 billion on Boil AIM alone
today 2.225 Billion , with a couple of hours to push. GLA

AIM/AQSE combined total.

Not unusual for Align to put their money where their mouth is, only one
I recall, they sold themselves a pup on , was in pfp legal's and court stuff
still wrangling on now, years later. GLA

Some nice details in that one Kylie, especially

six billion of barrels of oil and gas to be produced, and a “huge network of pipelines and
infrastructure”.

It also has up to 78GT of carbon storage potential, enough to bag all the CO2 emitted in the
UK since the industrial revolution.

Who would have thunk it, clean green North Sea, lol

On the money Pcc
Boil are an investment company NOT an oiler, mission to build a PF of assets.
Like wallmart, buy them cheap , fluff them up , stack em , rack em and SELL
them.

The outright sale would be the most beneficial to Boil and its future plans, cashed up
for the next set of assets to hit it's portfolio, they pay the way, others do the heavy
lifting, as is Chuditch Sundagas own 75% we took it over in stages , now 100% of SG
and Dunrobin was operator/driller Corallian , until Shell took them and their flagship
gas asset out.

They have talked about , looking at new assets and more recently also making offers
in the latest North Sea bid round, they are gearing up for change.

If no sale of Chuditch, they will JV and just Sell the rest after a successful appraisal well,
to maximise the remaining percentage , for cold hard cash.

Even just the 1 tcf of the CH1 drill area is 170 mbo/e for sale
as said worth billions to a developer.

Revised update on Dunrobin has our percentage over 60mbo
$70-$80 a barrel to a developer, cheap as chips to call 50% recovery
and $1 a barrel sale, $30m to Boils balance sheet.

Let the rest of the journey unfold, let the traders and part time visitors
come and go, at the end of that journey, it's time to say, TOLD YOU SO!

Likewise daily fluctuations , mean nothing to Investors, only to Investing
visitors doing the hokey cokey.

On the money Pcc
Boil are an investment company NOT an oiler, mission to build a PF of assets.
Like wallmart, buy them cheap , fluff them up , stack em , rack em and SELL
them.

The outright sale would be the most beneficial to Boil and its future plans, cashed up
for the next set of assets to hit it's portfolio, they pay the way, others do the heavy
lifting, as is Chuditch Sundagas own 75% we took it over in stages , now 100% of SG
and Dunrobin was operator/driller Corallian , until Shell took them and their flagship
gas asset out.

They have talked about , looking at new assets and more recently also making offers
in the latest North Sea bid round, they are gearing up for change.

If no sale of Chuditch, they will JV and just Sell the rest after a successful appraisal well,
to maximise the remaining percentage , for cold hard cash.

what we really need is a SALE to a developer, to whom Chuditch will be worth
many tens of Billions.

Sunrise over to Government via T/GAP when Shell and Conoco decided to leave
after being twice frustrated by the Island for their production plans, Darwin then
FLNG

Gov loaned TG $650m from the Islands wealth fund (on the books to be paid back
once revenues flow) to take Shell and Conoco's combined 56% of Sunrise
5 TCF and 240mb condensate, rock bottom price paid after years of saying we are
done.

That deal finally went through in 2018 ratified early 2019, long before Gas prices
exploded.

Baron own SG 100% , SG for sale, holds 75% of Chuditch, a sale will be for big money
GLA

2.165 Billion shares with 3 and 3/4 hours to go

AIM/AQSE combined.

Probably something will come out of that onshore drilling, oil seeps all over the
Island, usually ftb quickly drained pockets only but in this 5 well campaign, back
end of last year, Timor Resources offered to help fund the upgrade refurb of the
Island Bettano Oil refinery, pretty much idle since Kitan field drained.

Minister strangely , told them to in polite words , stay in their own lane.

First 3 wells all had shows , nothing commercial, the 4th presume TR liked what
they were seeing, hence the offer to assist funding.

Need to see something from the other side Jarv, other than we are having another look
the Timor side notorious for many years , of one sided, wishful thinking opinions.

Made a statement on great progress in October, then a week later, both sides came out
of the latest Sunrise JV group meeting, same old same old, we don't want each others
plans, that resulted in Steve Bracks becoming an acceptable mediator for both sides.

Upshot, Woodside said would take another look at all options, Timor side since basically
spouting again , done deal ,its coming to the Island. Not what Woodside and Osaka said.

And like all brokers note, it's ultra conservative, brokers notes, rarely even
close to offers that follow, as posted earlier, Sealion RKH in the Falklands
I hummed and arrrghhhed as it had moved from 5p to 25p, brokers note
was 85/90p, so still had a punt, 500mbo strike and it flew to £5.70p

Cove bobbing along at 18-22p on a recently drilled discovery drill only
Shell jumped in with an 80p a share offer, it went for £1.25p

Offer prices , for sizeable assets and market values, usually MILES apart.
Hence with all the politics, would prefer a sale , over a JV. gla