Member Info for passiton

a trawler

PME primary function auctions but not the only thing and not a speeding ticket
as many call, seen plenty have a PME for a biggerbuyer/seller to get a deal, then
bounced out of the PME, to rise to the next PME and same again.

Available to all the market player, other than us, set for all shares daily
0700 , 0900 , 1100 , 1200 , 1400 and close, part of their playground.

Davies
with the new developments, can see multiple players talking further, or joining the talks
this week, knowing things are now stepping up a gear on the international stage and
let's face it, at least 3 monster fields to be developed, in waters, where others, probably
still await discovery. The Sharks not the small fish, will be circling. (watch ya backside
fish their hungry)

Always said, it's only Timor that can fix, what they broke in the first place (Trust)
IMO, that Arbitration and protection, is a massive step in the right direction, to
bring the sector back to the table.

Does finally feel like the end game is in sight, International legal protection, PIT
with FID this year, looks good for gas requirements , much sooner than Beaco
(still tender by 2030), which itself, now also looking more likely than it has in the
past, to also become a reality at some stage.

Then it's up to bod to get the best overall deal they can, we know there is a lot
of upside and the new Quokka lead etc, the CPR will set a value point for the
CH-1 discovery drill area (known gas/reserves) the rest is, whatever the BOD
can squeeze out of the talks.

JC
very much on the cards, the CPR is what they will value us by, if as said we have ongoing
talks, things should move quickly, once the independent publishes their analysis and
figures.

Yes Australia bent over several times, the original split was 50/50 and Australia
agreed, not to issue a license on their side of the boundary, to siphon it away.

Hard sell on the arbitration, all the concessions by Australia, likewise , Timor held
zero percent of the project and blocked development by Woodside and partners
twice, the first costing Woodside many millions, built in Darwin specifically for
Sunrise.

Fact that in a link Filthylucre put out the other day, the Timorese firmly put Chuditch in
the frame as part of the plan, as it did when they commenced the studies, the Timor
minister , said Chuditch/Kelp/Sunrise ALL coordinated together from the HUB-Beaco
while Sundagas/Boil, talking FPSO.

Surely , one of the big boys will fancy that potential 25-30 TCF plus, as a package deal
with the refinery itself, China and its state companies could easily take the lot. They
were interested before, when just Greater Sunrise, only dropped out due to Timor
not providing the data they asked for.

Horta has if Australia can not turn Woodside, threatened, China ,Korea , Middle East (non
specific) Japan , Indonesia and the vague , others are interested. Big project, huge gas
someone will pounce, just the timeline remains uncertain. GLA

As said perhaps but we also have International protection in place for the other's
that still have not signed off the bid round PSC's, they were due to be signed off
last June/July, last thing ANPM put out, was now expected by February.

Was it this protection, or Sunrise PSC , they were waiting to see ?

Interesting to now see, if any of those licenses get the pen out this week.

One move and look at it boil.

https://media.tenor.com/DkHUzyURh5QAAAAd/lagosta.gif

That 0.34p is now 0.2599p, break that and it awaits another blue sky rise,
pivot was 0.17p high and it made 0.34p , another 100%, same again and
break 0.25p and the dizzy heights of 0.5p+ beckon.

https://tribune.com.pk/story/2397070/thar-power-supply-to-be-suspended-if-lcs-not-opened

The Sindh Engro Coal Mining Company (SECMC) has urged the energy ministry to open letters of
credit (LCs) pending since April 2022

http://timor-leste.gov.tl/?p=31804&n=1&lang=pt

or one of the many, now available press in English

https://www.mirandalawfirm.com/en/insights-knowledge/publications/alerts/timor-leste-approves-the-legal-regime-for-voluntary-arbitration-and-adheres-to-the-new-york-convention

The weekend news, for those that missed it, Arbitration as found by Filthylucre
and the PIT (includes LNG Tank farm) at Metinaro moving on (as per moi)

The arbitration on the Timor Government Web , dated Saturday , signed up 17th perhaps planning
to use against Woodside? BUT far more importantly, all the Investors will have international protection,
on agreements made, PSC will have teeth, that Gusmao and co, can not punch out, as in the past.

http://timor-leste.gov.tl/?p=31804&n=1&lang=pt

Portugese but translates easily (or go to w/e post)

Metinaro PIT

https://www.offshore-energy.biz/contract-signing-sets-in-motion-survey-campaign-offshore-timor-leste/

And to contribute to earlier

Ramp PIT , Ramp Metinaro , Ramp Horta and Gusmao tag team, Ramp, Ramp, Ramp
Ramp Beaco , Ramp Pipeline , Ramp JV , Ramp Sale , Ramp Dunrobin seismic, Ramp
Chuditch , Ramp Sundagas relationship with Timor, Ramp CPR , Ramp , Ramp , Ramp
up the leader board for a month, ramp, ramp. ramp

oh , fcuk , can't call that ramping their all facts, ****, back to the drawing board.

Francelino Boavida, the Managing Director of the Downstream Business Unit at Timor GAP, said:
“By appointing MGS as the survey contractor with a reputable record in the industry, this is a very
important step to mark the start of Timor Leste’s energy security journey.”

MGS pointed out that the project consists of five activities ranging from topographic and aerial
mapping, onshore geotechnical, nearshore geophysical, and offshore geotechnical, to metocean
survey in Metinaro for (PIT) terminal port development.

Mahakarya Geo Survey (MGS), an Indonesian provider of marine seismic, underwater services, and
geotechnical surveys, has signed a contract with Timor GAP, the national oil company of Timor-Leste,
to conduct surveys offshore Timor-Leste as part of the Metinaro survey campaign project.

https://www.offshore-energy.biz/contract-signing-sets-in-motion-survey-campaign-offshore-timor-leste/