Member Info for passiton

Sunagas arrived on the Island in 2016, helping Timor Leste develop its own sector
players Timor Gap NOC and administrative support and revenues ANPM, floated
on the Singapore exchange late 2019 and rewarded with an non tendered award
of Chuditch, in addition to all the local training, they also sponsored the first two
TL Oil and Gas conferences.

As you can see from the link, these ties and activities continue on the Island, Boil
just the paymaster, Sundagas the prize possession, with ultra close associations
with the Island and its plans.

Sold off or JV, as it stands, the Island has 2 major projects, 2 major ready to move
assets, one is Sunrise destined as far as they are concerned for South Coast project
and the Beaco Gas/LNG Export facilities.

Leaving the North Coast project Imports facilities Metinaro PIT
including 90 day hold and supply of Gas/LNG , AND !

With Sundagas FPSO plan a perfect fit to supply it, JV or sold it will
happen, we just have'nt a scooby when a move will be made.

Sundagas plan to drill appraisal late this year, Timor to give FID on Metinaro
later this year, if it walks like a duck , as this is Boil ,its probably a mongoose,lol

https://en.tatoli.tl/2022/09/14/sundagas-company-and-dit-sign-an-agreement-to-strengthen-the-study-cooperation-in-the-oil-sector/09/

Item 19

https://cpec.gov.pk/progress-update

and status

https://cpec.gov.pk/project-details/25

that entry at the end looking more like lol

PPIB updated 22nd Feb, our own power station drifting away , item 14 below all those expected
to grid by 2031, status

Candidate project in the IGCEP portfolio
IGCEP = Indicative Generation Capacity Expansion Plan

https://www.ppib.gov.pk/upcomming_ipps.html

http://timor-leste.gov.tl/?p=32223&n=1&lang=pt

Portuguese version available , translates well.

No gems in it, lol

Gov website

http://timor-leste.gov.tl/?p=32223&lang=en&n=1

Representatives of the George Soros Open Society Foundation and the Tony Blair Institute
visit Timor-Leste to assess possibilities for cooperation

That's an ongoing program CDF as been posting , Timor Gap and ANPM
have been beefing up their workforce for the past couple of years, mass
recruitments, gone from a handful of staff each to several hundred.

The Island want its own people, not foreigners , working and operating their
own industry and refineries oil and gas Bettano/Beaco.

Currently another program also running with Australians , each student has
their own industry mentor, courses lasting around 6 months, lots of students
but according to the media, very selective, only 6 or was it 8 will get jobs at
the end of the training (cherry picking talent)

Probably gathering cheap nuts , to stuff someone with
higher later, lol, or perhaps delayed lrgs flagged trade
coming on the real lse later, filling a volume buyer. GLA

crazy spread at the mo. GLA

wide spread now on Barclays 0.65p v 0.72p

**** drop to gather cheap shares, now rising

Barclays just gone 0.70 v 0.73p

Little doubt they have plenty of spare funds, will some come our way ?
via the Woodside/Japan JV/MOU set up late 2022.

Woodside has recorded full-year net profit after tax (NPAT) of US$6,498 million.

Production was 157.7 MMboe and operating cash flow was $8,811 million.

Also reports combined total dividends for the year $2.53

Yet another reporting big profits and how's this for a line in this mornings RNA
update.

Cash on hand of $6,189 million
Liquidity at year-end of $10,239 million

Time and prices on the real lse at the time, probable offsetting sell
to all the higher price buys leading into close

labelled unknonwn as the guesswork on sites like this only does
buy above what it thinks is mid price and sell all below

Delayed , on ITS mid, prices not out of ITS current range, chokes = UNKNOWN
worlds markets do not do red/blue or buy/sell , only print trades, the bad stats
ratios etc , all down to a carp algorithm on sites like this one.

Aussie market far more stringent than the wild west AIM casino
Woodside would likewise not want any blowback and risk fines
or market suspension.

No chance, it would be a material change and the exclusivity agreement
would have to be put out via RNA over the rns news wire, to comply with
market rules.

Shell had one with BPC, for £250k per month, ended up extending for a total
of 6 months, then Shell having paid £1.5m walked away.

The push with Sunrise has come from the now desperate for new revenues
Timor side, Woodside since the other two majors left the project, been quite
happy to look after offshore ops, always said no interest in Beaco/island plan

They also have lots of other projects in operation and others to bring online
and took over and absorbed BHP not long ago.

All things are possible but they will make offers based on the INDEPENDENTS
published CPR, so unlikely, as to give those details to one company ahead of
others and the market , a no no

Would have had to release an RNA over the rns news wire , in exclusive talks
and negotiations (nda names or not)

ENI have worldwide operations, Santos, Woodside more regional
other big boys in the area , Still Shell , Conoco Phillips offshore Queensland
INPEX and BP to the west of others and many other tier1's and NOC's

as posted earlier, the new licenses from the bid round, PSC's still not signed off
was due last by last June/July, can only guess, they are still sitting on the fence
like others waiting to jump in, still awaiting clarity from the Island, things will
be honoured this time around. GLA

Shell , could indeed come to get their balls back, now their focus has been
announced as Gas and Gas infrastructure and also moving into green/blue
gas projects for the future.

But be surprised if they jump back in before, clarity comes from the Island
having been refused both Darwin 2001 and FLNG 2008 by Timor , when the
Island had 0% interest in Sunrise, just territorial waters rights. So they left
Gusmao law , all comes to the Island, where it still awaits a refinery.

NYSE listed ENI ,going nowhere, been on the Island since the 70's and fund
a lot of social programs, arrived with the mostly Italian UN Peace keeping
force, after the invasion.

They hold RECENT mou with Santos to get more Timor Sea assets
(Indonesia/tl/australia Timor Sea) they also just got Area P the link
block between Chuditch and Sunrise, which has also long been
thought to hold the probable hydrocarbon kitchen that feeds both.
Likewise Santos area R, the wider area around Bayu-Undan to the
West of Chuditch.

While many left, those two stayed, doubt they would be pulling out
just when things , starting to get interesting. GLA