Member Info for passiton

Timor Gap, has and continues to ramp up its workforce and it appears has more strings to
it bow, in the background

Seismic Services
Established in 2015, TIMOR GAP Seismic Services (TGSS) is owned by TIMOR GAP (60%) and BGP
Geoexplorer Pte, Ltd (40%), a subsidiary of China National Petroleum Corporation (CNPC)

Drilling Services
TIMOR GAP Drilling & Services, Unipessoal, Lda, also known as TGDS, is a wholly owned subsidiary
of TIMOR GAP, established in 2017. The establishment of TGDS is important as a response to the
complexity, challenges and necessities for supplying services in the upstream business.

That wide spread , has to close, traders and other PI's , will not dive in until
they make it worth their while, all many will see at the moment, is an instant
loss, until they do close it and make a market.

Despite what we would all like to think, traders and volume, the only thing
that ever moves a share wild. 15-30% spreads , do not garner their attention.

As the expected news flow drops, the mm's will have to make a market and
close that nasty spread.

Rainbow rare earths, another also main market, credited with the highest grades
on the planet, it also bobbed along 1.5p-3p, before its trigger to attack 20p, some
go slow burn fuse, before that explosive rerate, a lot of news flow now expected
through 2023, Cobra will have fireworks at some stage this year. GLA

It's a big and getting bigger , unique project, our day will come, GGP floundered
about for years, then the trigger arrived, to 10 bag, then try to 10 bag again.
Cobra's day will come, Gold and REE, Global players will be watching Wudinna
developments, very closely.

Same on many main market shares, they need volume to close that gap and
get things moving, their loss, real investors gain, can keep accumulating at
the lows, until the day they encourage, traders and the herd to come and play.

Remember our JORC is based on only around 20% of Block VI Explored, on what
is one huge coal seam, could have multiple Billion tons across the license.

Oracle , in a unique position, to become a bulk coal miner , to supply all the
regional , power stations , cement factories etc and beyond, new Thar coal
rail link being built to Port Qasim (Premium to local prices)

Naheed, in an rns in October said, in talks, lets hope that plan is progressing,
Bulk Coal revenues, while our other projects progress, could be very lucrative.

Thar Coal Energy Board (TCEB) to confirm (coal) availability from any of its blocks.

ISLAMABAD: The National Electric Regulatory Authority (Nepra) has made it mandatory for all
independent power producers (IPPs) to utilise local coal, particularly from Thar, before opting
for imports

https://www.dawn.com/news/1730194

The other is still China, posted a Timor Gap memo the other day, it told of the previous
CEO not getting it done, China did take an interest in Tasi Mane but dropped out, when
he would not give them facts and figures requested.

They have remained on the Island under BRI , building all sort, so with much better
economics and China's still growing demand for Gas/LNG, could come back for
another look.

Horta mentioned a middle East Country a few months ago, you post on an upcoming
trip by the projects main man Gusmao, could be another possibility, to squeeze Meg
on the fence out.

Very, posted that recently , more interesting is the Japanese Government gave millions
to their companies earlier this year, to go out and secure supply, then a lot of them
including Tokyo Gas, bailed from their small percentage holdings, in fields off Western
Australia, must have some bigger plans somewhere ?

The one I posted recently also mentioned a MOU with the Japanese bank and to work
with Japanese companies, to secure supply (Inpex , Tokyo etc I presume)

Something cooking but what ? , the Japanese Infrastructure fund also had chats in both
Dili and Tokyo recently , part of one big inscrutable master plan ?

Sure it will all reveal itself in time and we will all probably be way off the mark, with Australia
backing down and funding the Islands development.

Our FLNG plan and the fact they moved the LNG import site from the South
Coast to the North , all seems to join good dots for us.

Hopefully we will have sold it on for , a suitable price, long before it all happens
but every little helps, be nice if they announced some details for us being involved
in the plan

No details seem to be around for how they plan to get various fuels to the PIT
guess its still to be finalised, longer trucking or pipes from Tibar, which would
have to cross through/near Dili, or something closer, fancy the Tibar route most
likely, as the Chinese mainly have built a lot of new roads in recent years.

Closer to the proposed site of the PIT, so could be alternatives, with work

HERA is a Medium-sized Port, the maximum length of the vessels recorded to having entered
this port is 129 meters, maximum draught is 8.2 meters, maximum Deadweight is 13226t.
Home of the small Navy of Timor Leste

METINARO, a new port and harbour be built in 2023, Tatoli article on it , says for Fishing
operations but guess they could upgrade it as very close to PIT site.

Tibar is big deep water port with lots of capacity for bigger loads, it complements
Suai port and small airport on the South Coast, which was specifically built for
smaller loads and light aircraft, plus Ferry and Helicopter transfers of Oil and Gas
crews, to regional rigs etc.

https://www.bollore-transport-logistics.com/en/media/press-releases/timor-port-launches-the-activites-of-the-first-deepwater-port-of-tibar-bay

or maybe now he has his own Airport, he is trying to catch up with Horta's
air miles.

The Suai Airport, named after the “Commander-in-Chief of FALINTIL will offer a variety of domestic,
charter, and international flights and for safer operation of light aircraft and helicopters to support
petroleum activities and supply base operations

Kay Rala Xanana Gusmão International Airport

Well someone got an inkling for Monday , late on Friday, best trades for a while
and arrived back to back like buses.

06-Jan-23 16:19:43 0.158 6,325,323 Buy* 0.15 0.16 9,994 O
06-Jan-23 16:18:20 0.154 6,489,614 Buy* 0.145 0.16 9,994 O
06-Jan-23 16:18:07 0.154 6,489,614 Buy* 0.145 0.16 9,994 O

Filthy
Could be UAE, had a gleg at ANPM they have worked with a UAE firm on the onshore
mapping and seismic developments, for blocks A-G and near offshore regions.

UK Cambridge Geo consultants Ltd and WMi Admin Consultancy LLC

WMi Admin Consultancy, LLC , Yas Island Abu Dhabi, United Arab Emirates

Not really any other major Infrastructure projects left outside of the Oil and Gas.
China, Australia, Japan, France, Portugal and Italy , have pretty much done
the rest, alongside , ADB , IMF an other Global funders.

Recent agreement/MOU with Indonesia on Infrastructure funding also pending from
Horta visit late last year, Indonesian PM said more to follow but no specifics given.
He also pushed for Timor's ASEAN membership, as current head of the table.

Was away nosebagging, yes with the individual travelling, has to be a big part
of the conversation, it always was when he was PM and President. Doubt his
opinions on the matter have changed.

As we all know , Qatar money talks, ask all those still crying
how did they get this world cup.