Member Info for passiton

Think it probably is, Horta did say back in September/October? , when he had his
spate of threats to Australia, had an interested Middle East Country.

Qatar, fits the bill, more so than the UAE, who have hosted many Timor trade fairs
and never really showed any interest, other than Coffee and Tourism.

Potato , Potaahto, either way that's a nice find, Qatar bends to none of the Global
companies and as posted, have a rep for being blunt and ruthless negotiators,
mostly getting what they want , when they want it.

They would have no qualms, assisting Woodside out of the door , if it suit them
and would not rule out , equally blunt rep Gusmao, if he gets a good response,
blurting it straight out at the end of the month, to the local press when he gets
home.

Wonder if they meant ex PM, he has previously held the position of both PM and President

Rauk , the current PM, not a fan, first thing he did when elected was eject, Gusmao and his
fellow party members from the house, he usually has one of his close ministers stand in for him.

Hold the bus, Gusmao is not prime minister, that's Rauk or was, has he been ousted,
Gusmao was put in charge of the South Coast and Sunrise project, shortly after
Horta was elected President, so we know its got to be another begging bowl out
for assistance trip.

Holds no political office but is expected to run for PM again in the upcoming election
and has been Horta's go to guy , for several trips , when he has been double booked.

That could get really interesting, sure most know of the two monster finds offshore
Namibia, latest estimated around 15 billion barrels of oil between them. Shell running
the show on one and Total the other.

Recently both suggested they where delaying further testing and follow on drilling, the
Sheikh who is both Minister for Petroleum and CEO of the Qatar state owned company
flew straight to Namibia with a big team.

Rapid outcome, after talks with the Namibian Government, both Majors U turned and
brought forward their development plans.

When they get involved, things do happen very quickly and have the financial muscle
to back it up.

21st November rns
(the "Loan"), has been approved by the credit committee of the Cameroon bank. Further approval
is still required at the BGFI group level

46 days ago, could be game on.

3 nice £10k trades going into close, perked up a little FOMO Friday
will JA now deliver something Monday ?

Not as if he has not taken years to get the drill bit churning , unlike the shares

Nice finish
Boil not only held on to the rise but close also threw in a UT for 0.1515p

Any addition to the rns figure 3.625 tcf from the total estimate 5.56 tcf 958 mbo/e again, increases
that figure, for balance, they could also reduce it.

Unknown value, Shell indicated on their whole license seismic years ago, further leads all down the
Southern Edge of the license and Boil's own partial license results recently, also threw up the new
addition lead/reservoir of Quokka, how much can the BOD negotiate for them or maybe, throw in
gratis as a sweetener to the overall deal.

re earlier posts, here is my *** packet scribble, using all the conservative numbers

From the rns
Best case Recoverable Resource estimate of 3,625 BCF, using preliminary gas
recovery factors of between 50% and 75%

616.5 mboe, 75% of asset 462.2 mboe with 50% recovery 231.1 mboe
at $2.25 (3%) is 520m ($519.97m)

Shares outstanding 18920m gives a sale price of 2.75p per share. Every extra percent recovery,
ECRE give us in the CPR, should increase that value, to a cash flush Major or Tier1 Company.
Every cent above the bargain basement 3% poo/e, likewise increases the probability of a higher
sale price.

Playing family taxi service to the Airport , hope to see lots of
FOMO Friday BLUE on my return

We know, China had shown an interest in the South Coast project a few years ago
but dropped out (posted yesterday) due to Timor Gap ceo , not being transparent
or providing accurate figures. They could easily fund the lot, if they choose to.

We know, Japan recently held meetings both in Timor and Tokyo, with Infrastructure
and finance, high on the agenda.

We know , Santos and ENI have a MOU to obtain more assets in the whole Timor Sea region

We know, Japan Banks have a MOU with Woodside , to work with Japanese companies to
secure Japans future supply.

We know , of a large asset for sale at the right price

With all that in play, CPR must surely kick start a big payday for Boil.

Australian Export market

China 43%
Japan 39%

South Korea 6%
Taiwan 6%
Others 6%

Clearly , if Australia threatening to reduce its gas operations (per link below) there is now a
very strong case , for China or Japan or Both, to step in and secure its future supplies, in it's
still being reported growing Gas/LNG market.

“Increasingly, LNG exporters have diverted most of their excess gas to overseas spot markets, with
as much as 70% of the excess volume going overseas in recent years,” said ACCC chairperson Gina
Cass-Gottlieb. “If LNG exporters were to provide all of their excess gas to overseas markets, the east
coast gas market would be facing a supply shortfall of 56 petajoules.” That is around 10% of demand
in this market.

So Australian Government putting big money into Darwin, is that why they are not pushing
things and or Woodside along an alternate route.

None of those gas projects are not going ahead,” Hemming says. “They are all still in the pipeline.

Hemming points out that the latest budget, announced in October, included A$1.9bn ($1.3bn) for a
petrochemicals plant in Darwin, in Australia’s north

https://www.energymonitor.ai/policy/gas-in-australia-the-elephant-in-the-room/

It's been a month, maybe after striking some deals in Western Australia, maybe Meg can
give us all something magnificent, as part of Woodside Mou with Japanese banks and
companies.

She implied that Timor-Leste could partner up with other investors to achieve its goal of having
an LNG facility.

“Timor-Leste has a lot of international friends. International friends may want to help with some of
that infrastructure that doesn’t exist today in Timor that would exist if we went to Darwin.”

Despite the mixed messages, Sunrise is high on Woodside’s list of growth projects given its close
proximity to Asian LNG customers.

https://www.upstreamonline.com/field-development/woodside-softens-its-stance-on-sunrise-and-has-multiple-routes-to-growth/2-1-1366522

Dare we call for, a genuine last hour FOMO Friday
and break

Never mind the January Sales, it's more about Boil's Buying frenzy
pending rns , this month and into February.

Chuditch CPR
Dunrobin Seismic
Chuditch JV or Sale on the back of CPR
Dunrobin likewise
North Sea bid round news

and if that's not enough, we still have the value adding possibility, Sunrise/Beaco
or Metinaro/PIT (who might supply and how) positive announcements.

and did I mention , our still low market valuation, for all that currently, that's the
January sales, the current sp to buy, buy , buy.

https://www.oilfieldtechnology.com/drilling-and-production/21112022/tower-resources-plc-shares-cameroon-financing-update/

Jeremy Asher, Tower’s Chairman and CEO, commented:

“We are very happy with the sloth leading the progress in our discussions with BGFI Bank Group,
and the slow support that the local bank has shown towards our project in Cameroon.”

“Discussions regarding perhaps choosing a rig options with suppliers and other operators are
also continuing as expected slowly awaiting confirmation of finance. As previously announced,
long lead items for the well have already been purchased, tick, and the environmental and social
impact assessment, site survey and site debris survey are complete, tick. Therefore, I think, therefore
I am sure, we are in a position to move quickly once a rig slot is finalised.”

“I alone, remain very confident that we will be able to drill the NJOM-3 well in good time and think
our shareholders have had unlimited patience while we take years to conclude these discussions.”

Hollywood interpretation applied. Link for full details of where we sit.

That hopes and dreams , mentioned earlier, would perk things up, another of
my shares, for some time now, right at the bottom of each rns, lists an indicative
timeline of events they are working on, for the next 2-3 months.

That said, for October to January , the list was around a dozen things, guess it's
going to have, the mother of all rns's update, or a large number across January
to squeeze them all in.