Member Info for passiton

ADB , IMF and other global banks, have long provided finance to Timor for
developing other projects, where a lot of that overall debt mentioned in your
article comes from , they have never previously shown interest in Tasi, World
might come to their aid, with the large wedge required, if Australia etc do not
step up.

Gusmao running for PM again soon and back in charge of the project , since
Horta elected, did say in the past, we can do it ourselves, we do not need
the outside world. That did not go down to well with International community
or the local NGO , who basically said he would bankrupt the country, for his
vision, with no certainty, of anything beyond Sunrise long term.

As Meg at Woodside said recently, things have moved on modular construction
new technical options etc and above all, gas prices now much, much higher and
here to stay, even future clean gas, still in media stories as , will be around 45%
derived from natural gas.

Chinese BRI have been on Timor for many years, not coming already present
and built all sorts, turned down Tasi in the past, as posted a few days ago
blamed the head of Timor Gap/Minister, for not providing the information that
they requested, or real facts and figures on the project.

They are still expanding their Gas/LNG usage, so could have a change of heart and
take up funding and operating Beaco, to get the gas for themselves.

Posted that before, think you threw China at me, when I suggested it lol , fit nicely with the
Japanese governments slush fund to all its big firms to go out and secure supplies, with
curiosity , the Japanese companies around Western Australia , selling of their small percent
holding in fields , including Ichthyus ? the second pipeline that goes to Darwin.

All been given funds to grab supplies, so why sell, can only be they are negotiating , larger
percentages of other fields, then in December, JICA also had meeting in both Dili and
Tokyo , that's the other arm of Japanese big funds, Infrastructure fund.

Infrastructure , finance , Gas supplies seized, Woodside and JBIC , Inscrutable plan going
on in the background ?

and that original JBIC news article also mentioned, working WITH Japanese companies,
can we presume , the likes of INPEX to work with Woodside on those new ventures, in
addition to the City suppliers like Tokyo and Osaka gas.

Nice, first time I have seen the sector mentioned, must be a new development
we know what the last line is, what they have been plugging for 3 years, lots
of available licenses still.

The stories in the local rags, with Tradeinvest, usually all about , construction , tourism
agriculture , ferry's , fishing , locally made goods and of course lots of Coffee

Sound like Horta's oriental cousin, looking for a 10% finders fee lol

Still got to get the membership confirmed, the last vote was no but the new
head of ASEAN , the Indonesian PM , got two to change their minds, after pleading
Timor's case personally, so they have the provisional Yes, going into the upcoming
meeting , were it should now be confirmed.

They have many deals with the World lenders, several with additional finance
available but linked to progress, hence the falling behind, a lot was prematurely
planned with the presumption, Sunrise and Beaco would be operational much
sooner from which their own contributions to the various projects would come.

Another reason they are pushing so hard, they could loose those additional
development funds.

ASEAN is a done deal, the current head of the organisation, recent take over, is Indonesia
he and Horta have had several chats during 2022 and it was him personally, who got the
group, to provisionally accept Timor's membership application during 2023.

Recent stuff on Australia leading the push, on the WTO membership.

World bank and ADB have offices on Timor and have regular meetings with Tradeinvest
have never seen Oil and Gas mentioned in any of them, usually all the other sectors,
they are still falling behind on developing, per the 2011-2030 Timor Strategic plan.

Have zero doubt, they are probably in the mix, of those having a chat and visited
the data room, bring on the CPR (Provisional date this month) it will set the price
for them all, expecting things to happen quickly, once the figures are published
by the Independent ECRE.

We can with a plan, move with or without Sunrise being sorted.

Still have an inkling , with them splitting the Import facility away from the South Coast project,
to the combined PIT in the North near the capital at Metinaro, they have already decided, it's no
longer being supplied by Beaco in the South from Sunrise (whenever last tender by 2030). Which
begs the question, is it us with our partner the local NOC (mates rates) , someone has to supply
it, a lot earlier than 2030.

FID for the PIT is labelled as 2023, Boil have an FLNG plan for 2028 but as has been said many
times by many posters, a Major or Tier1, taking us out could do it a lot quicker, fast tracking
multiple wells, to fit with Timors plans for Gas powered, electrical supply by 2025, which has
also probably slipped slightly 25/26?

That plan was for completion by 2025, so conversion of the three stations , probably 2024/25
who knows, maybe Woodside will take it as a sweetener, as part of a package deal, for the
two plans.

Santos, still talking new pipeline to Darwin, with the old pipe as the return for carbon capture
to Bayu, with Barossa benched by the courts, they have to be actively looking for a new home
for their HUB and pipeline.

Where theirs a will , there's a way forwards as they say.

With luck, Andy will get his suitable offer, soon after the CPR is published and we
can leave them to it. Nicely cashed up, for a whole new set of adventures and
assets, without the long waits and the politics getting in the way.

Same at it's been for a long , long time, Meg the 3rd or 4th CEO of Woodside
saying , when we have the Government's in agreement and the PSC signed,
the rest can progress, be that to Timor or Australia.

Several updates now in the frame, Coal Mine, CTL/CTG , Power Station which appears to have
missed the cut again, at the last CPEC sign off, plus the new kid Hydrogen, even the Gold news
overdue

In the meantime , the JV talks remain in the mix, pending a suitable
offer to take the lot.

They know no more than any of us do, we have two large assets up for
sale at the right price, as stated by the CEO in the last presentation.

Likewise , Dunrobin seismic late (due end 2022) and the Chuditch CPR is
expected this month.

Certainly seems to have set a new base camp at 0.725p pending further news.
Bounced off it multiple times again today already.

Benefit of being Main Market Davies, it's normal to have less spiking and volatility
copl broke the mould, did a better impression of an AIM casino share, than most
of the crooked lifestyle AIM shares managed for several years.

Downside is the wider spreads that usually come with it, until the news flows. For
Investors, its a who cares, when looking at the final destination, for visitors and
traders, not so much fun.

£893k as it stands, they usually say a Main Market listing alone is worth £500k,
needs to pull his head out of his **** and get something going to justify the
current extortion, he claims annually.

Stuck with him for now, let's see if he can crank the sp back up,
so market value is higher than his wages.

Gave some good previous head up's , on them no longer taking spreads
or they have resumed etc

Rob's made a killing or two already, he's been toying with Boil since we
were mostly rangebound 0.05-0.07

If he's around , he will probably tell us the score

Our spread better is never out.

Rob is our resident spread better, the TR1 recently , mostly his, he is in out
shake it all about, doing the Boil, hokey cokey, was pre news , up to holdings
of 250m, since , he's up front about it, had expanded to around 350m.

If its not Rob, then we should be in business, Rob last he spoke, said he was now
holding the rest until news. GLA