RE: ALL news is due within the next 18 working days ..2 Feb 2023 19:23
More than you would think Tiburn, two sat near us in Timor waters
Sunrise, if woodside won't play, Timor have said will find someone who will
and the massive, still without an operator or license, Kelp, discovered by Mobil
same year as Chuditch 1998, its estimate is bigger than the other two put together
at 14 tcf
No end of other biggies , in the waters either side of Timor's , so can expect to find
more in the unexplored Timor area, someone will want all that gas and what waits
to be discovered.
They have known since the 1970's how big a play the Timor Sea is, the Majors just
need , some clarity from Timor and it will all take off.
The recent sign up by Timor for International arbitration, to me is a big step forward
can no longer pull the stunts of the past, telling operators no you can't go to Darwin
when you have already built the refinery, or no to FLNG when the ship being built
At the time they held zero % of any asset, just the territorial rights to taxation etc
None of the few who participated in the bid round have signed off , was to be by
last June/July, the last thing put out by ANPM was, now by end of February, so
should see some movement soon.
Many thought perhaps holding off , to wait and see what happens with Sunrise
and Beaco but maybe it was the arbitration they were waiting for, timing fits.
Having signed up, the companies can nail down their PSC's to include their plans
for development , without fear of interference, knowing they can make an international
courts claim against Timor, for all expenditure in developing the asset, if they try to
change what was agreed, or pull the rug as they did on Shell and Conoco Phillips.
Just imo but think things should start to bubble, not just for boil soon. GLA
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