Member Info for passiton

last event high 0.17 broke out to 0.34p new high
Dilution made that now 0.2599p, blue sky and ?

new high is now 0.2599p at current share base, old prices meaningless
break that and like last time, when it was 0.17p , not much higher historic
prices, it did another 100% on top, same again and breaks 0.25p and
0.5p plus on the table, for a blue sky, new territory rise.

Boil is an investing in assets company, not a developer, buy them , build them
sell them, rinse repeat, Boil is the host company, invested/owning others.

JV and Sales are the assets , not the company. That will remain and move on
new assets , like the hope of new ones in the North Sea bid round currently.

Our share price is irrelevant, the sale would be of our now 100% owned subsid
Sundagas which owns 75% of Chuditch, it's not Boil for sale if sold.

A pump will come, still in bed with scum EHGOF , who raped ICON diluting from
2 billion to 35 billion shares in the blink of an eye (18 months) and still claimed
we owed them a wedge, from an original CLN note for just £2m

Tread carefully, EHGOF will want greed for their instalments, not small percentages.

lol

He will be looking to perk up his own recent purchases, lol

21-Sep-22 16-Sep-22 Buy Robert Andrew McCrae 0.99 GBX 1,500,000
28-Apr-22 27-Apr-22 Buy Robert Andrew McCrae 1.04 GBX 4,050,000

Metinaro multi fuels Import facility PIT, FID 2023, target was operational 2025

Beaco , Gas /LNG multi string Export facility, tenders for completion by 2030

The Beaco plan expected to cost a similar figure as that FLNG but will last a
lot longer than a salty sea ship, which will need time off and servicing, to
keep it ship shape.

Costs before had Beaco etc at $16 - $18 billion , recent statements have suggested
around $10 - $12 and again , gas double/treble what is was back then.

The Phillips suspension bridge plan for Bayu , was based on adjusting the blocks
after any seismic event, to keep the pipe , straight and secure, additional cost in
divers etc but was possible back then, when gas prices a fraction of todays.

The fraught with danger pipeline, has long been various Woodside CEO's go to excuse
but Conoco Philips, who built and ran the Bayu-Darwin pipeline, did it's own studies
in the late 90's.

It concluded back then Bayu to Timor South Coast (further west than Beaco) was possible
and came up with a suspended bridge pipeline, below shipping but not directly connected
to the Trench/Seabed, using wires and blocks, that would negate the expected 4-5 metres
of seismic plate shift during its operational life.

Tech and materials have moved on in the past 25 years, if they could do it then, would suspect
Woodside on a dodgy wicket now, to say it can not be done. Phillips without the politics involved
now, had a meeting and put dollars over potential seismic problems. By the time the impasse
commenced, Pipeline etc in progress, Timor chose to take the money coming soon, than make
any challenges, its been their main funding since 2005, due to end very soon.

Hence the urgency and full court press on Woodside etc, to get a new field in motion, as a poster
said earlier, Chuditch can easily fill that funding gap, until the, last prediction of, Beaco can be
operational by 2030 statement and tenders , by Timor.

Summary of those known to be on the hunt and potential homes for Chuditch Gas

Metinaro, PIT Import fac, Northern Project
Beaco Export fac , Southern Project
FPSO
Santos/eni/sk korea Dual pipeline project Darwin processing, Bayu waste disposal

Destinations for Gas, Australia , Timor , China , Japan , Korea , Indonesia, the USA
original in place plan for 90% of Sunrise and a few more, including Australia's
commitment, to supply more to Europe, when it can.

As a guide , the original plan for Sunrise was 4 million tons per year, so that China looking
for another 20 million tons, is the equivalent to 5 x Sunrise operations. That's a shed load
of Gas/LNG and Timor Leste on their doorstep.

Lots of options now on the table and would not rule out Woodside from expanding
its Timor waters operations, if it does now commit to Hub/Beaco, if not, now see
plenty of others that might just fancy a job lot, even a Shell return.

Shell after being fined heavily in the courts, pretty much abandoned Oil, saying now
looking to expand in Gas AND Gas Infrastructure projects. Likewise CNOOC the China
state, would have little difficulty funding, both Fields and Refineries, if the China BRI
decided to come back to the table, they looked before when it was only Sunrise.

They to might fancy , taking multiple fields , the refinery and all the gas to China, who
have made many statements this past year, still on the hunt for 20 million tons per year
after huge deal increases, with the likes of the USA.

Jarv
thought Chuditch FPSO was a shoe in for the Northern Metinaro Gas LNG Import project
as it's location was stripped away from its original co-location on the South Coast Beaco.

However, filtylucre's facebook the other day, the Timorese once more mentioned Chuditch
as they did in September 2021 announcement of the new HUB/Pipeline and Beaco studies
using Chuditch, Kelp and Sunrise all coordinated and developed together to feed, multi LNG
strings at Beaco.

The second time, they have thrown our hat in the ring as part of their Beaco plan, while we
all during that time have talked FPSO. On the upside for us, the newly committed to the
International Arbitration laws and protection, Timor Government, have left our BOD with
more control over it's destiny than before, they interfere now and it will cost them.

Santos have already said, despite the Barossa situation, the funding for the pipeline
duplication project, is in place and will go ahead, question is are they holding out for
a reversal in the courts, or looking at a new HUB location like Chuditch.

The Korean's won't get cold feet, they along with ENI, have multiple fields and JV/mou
with Santos and looking to acquire more, as Doug posted, Santos will keep Darwin open
just a question of which route they take, the current Darwin-Bayu is designated as waste
to storage in the large depleted main Bayu reservoir.

Santos also have 3 fields to the left of Timor waters, so they are also options for its HUB
BUT , with the JV's having Area R , Area P and Barossa which could still be piped across
to a more central Hub like Chuditch, must be in their thinking, for the new pipeline.

The biggy in the Falklands when it finally came, charts coming out of your ears
all pointing to 75-90p range, as was the broker note, Sealion a whopper and
the market liked it, flew closer to £6 than £5

Great news , trumps on any chart, sadly as does bad news and delays, lol, GLA

No, in most cases, charts a guide only, look at last year, how many times
the likes of Zak , Boil to burst, dozens, before it finally did on the pre news
announcement rns.

News and the markets reaction to it, the only thing that ever really counts.

Trust me Doug, if it happens you will recognise it, no maths degree required
and apart from that the numerous chartists, will all be boasting about being
first to spot it, in play.

Two of todays 4 trades today so far, small top ups by me, back in the buy zone
small slices of profit off two others, Cobra to get much bigger top up's soon.
Have a few bubbling, especially Boil.

Cobra , unique profile Gold and REE, in abundance it would appear, lots of news
flow to come (see bottom of old rns's) Cobra to strike hard, to value through 2023.