Member Info for passiton

😉 Starter for 10 , if I recall correctly, he was also involved with MITRA, when Shell decided to leave (delayed about 10 years for Sunrise compo) they passed the Australian license CHUDITCH, on to MITRA , who also planned to FLNG/FPSO, should still be 2010 ? articles around on Mitra/Chuditch, if not him , one of or all 3? of the original directors of Sundagas, came from Mitra, so a long link , the OZ license etc disappeared into the ether, Chuditch never heard of again , until November 2019 , when NON TENDER awarded to Sundagas, for services rendered (on Island fm 2016) building TL's own industry elements, presentations, conferences etc, award was the SHOWCASE on the launch of their own 18 license bid round.

A.B. himself has had lots of hats in the region and as posted , a few times before, well in with all the industry big players, via his Vice Presidency of SEAPEX, when they set up Sundagas, they also obtained an Indonesian license off TOTAL, no idea what happened to that, dropped off the SG Website, before Boil took 100% control in 3 stages. 🤔

Personally , I hope its CNOOC, take us and some of the vacant offshore license area's, while they await a deal to get hold of Greater Sunrise (compensation to woodside/oz) with them/other China states, building and operating Beaco/HUB. That would happen very quickly.

In the meantime, all we can do is wait for the OZ/Woodside response, or someone jumping off the fence, who can now see that change IS about to happen, one way or the other (China/OZ ?) and look to take early mover advantage, of the next best developed field available , CHUDITCH 😲🤑🤑🤑

That spark, will more likely come from a Government announcement, that once and for all, gives clarity (not suspicion and doubt) will other processing methods be PERMITTED, will Beaco be built and all as Gusmoa stated when previously PM, all will come to the Island its ours ( talking Oil also Bettano refinery) Sept 2021 Island studies based on 3 fields,

Chuditch, Kelp and Sunrise all feeding Beaco from the outset. (while we announced FPSO primary) That assurance and honesty, is what will get the sector players moving back in, the known assets, kelp (mobil 1998) 14.5 tcf ffs are huge and the potential of the rest of the unexplored TL Maritime region , is also MASSIVE.

They will not ignore it much longer....... GLA 🤔

Agree MD

it's always been about Horta/Gusmao (inventor of project Tasi Mane) which has always been about JOB's and prosperity for the Timorese people. After all the Indonesia/TL/Australia Timor Sea force majure, boundary settlements were sorted. I think they fooled themselves into believing it would all now be theirs and happen quickly, another 5 years have passed before , OZ/Woodside U turned suddenly , we will take another look, that 3 days after a Sunrise JV meeting, at the end of which both sides , once more expressed their 100% opposite development views.

What happened, well Horta first threatened Woodside with removal and Australia with China, Woodside have snail paced their own new studies and a year on, Horta/Gusmao, have made good on that Chinese Development MOU's agreement. It is now down to Australia/Meg to respond, or move aside.

For the first time in the 4 years , (22 in all) that Boil have been involved with Chuditch, a return of value to the TL Maritime area gas is on the cards, why fall away now, it's finally the end of the beginning 😉😂

Shell thought Chuditch , could be bigger than sunrise , across the entire license and it was 3 big boys, Woodside, Shell , Conoco Phillips and Osaka city gas Japan, the later two , only involved for all Gas offtake , to customers in the South West USA states and the Japanese city.

Likely, if we get the knock on the door, we would like to have, they will have similar arrangements in mind, minnow Boil surplus to requirements and will pay accordingly, to move us aside. Until such time as one of them jumps off the fence, our most likely avenue, is either China/CNOOC and its planned move to assist TL, or the still resident ENI/Santos/Korean JV and last years MOU made between Woodside and Japan, with Japanese bank funding/ INPEX etc available to assist. That was to go out and get Japan's domestic supply secured for the next two decades. So plenty of options, when the dust finally settles, on what is acceptable to TL, yet to be revealed. 🤔

Perfect scenario for us is a returning, or in situ Santos/ENI , kick us to the kerb, for a price, lesser light lower operator, dilutes us in a JV , as won't get so much up front and they will only be in it, to do the same as us, drill the well and sell on for profits, at which point, that say giving them 37 1/2% for a free carry drill, payment will seem even smaller. The Majors/Tier1's not renowned for playing with other than their peer group, so would expect a FULL SALE, if they come a knocking, big player would probably want at least 50.50%+ control, leaving, Timor Gap with its 25% and us 24.5% max.🤔 which is why a "RIGHT PRICE" sale as Yeo called it , would be the ideal, leave the area's history/politics behind, let them get on with it, Boil with a massive war chest, for Dunrobin if not also sold on and the new assets portfolio...... 🤔

Most fields tend to grow on development, so highly likely JARV, more data, more they can refine the guesswork involved in volumes, more accurate volumes in the geological model they (new owner) will be constantly developing during FFD.🤔

The most true saying in the sector, is you never know until you flow 😲🤑

Hardly a scam , to be holding 75% of a large gas resource, developed (much bigger) and discovery drilled by Super Major SHELL , Yeo ho ho , has just snail paced part of the license, knowing, until they get their act together, there was no rush. Developments this past two weeks, indicate, that change is now coming, many have waited a long time for Boil, likewise now 4 years for Chuditch. Sunrise 5 tcf valued at pre gas price boom 2021 conference at $65 Billion over its expected 30 year operational life, currently on woodside books at $0.00c

Were do you think Boil/SG's 75% of Chuditchs 3.5 tcf would be valued, when the area opens back up and Woodsides 34% share of Sunrise, returns to hundreds of millions of $'s , as it use to be before being, marked down year on year until written off to $0 about 3-4 years ago....... 🤔 Certain to be many multiples of our current M/Cap and it is always about MC, Never sp (short term guide for traders/skimmers and scalpers) 😲😜

For CDF only

thought I was reading this one, when posting on the other share 😂🤣😂 not much kip last night 🙄

Need coffee, thought I was reading another board, went on to autopilot........GOODBYE........

Ooop gone again cdf, posted on wrong thread/share 😂🤣😂

on many occasions, a sudden tight trades spread, is just that, those on the limit drop off and reloading. 😉

and hi cdf, never left here , just the pedantic mary ****ehouse fool on vast 🙄

The algo often, also misses quick changes, e.g. the two brokers at the limits, exhaust their supply but will be reloading, leaving say 4 all around the mid price it guesses on, all 4 could be working the wrong side, giving better prices either side, all get the wrong label and dimbo algo, happy as a pig in 💩as still just sees trades within its range. The limits resupply, Dimbo Algo , oblivious anything ever happened, stats now say six times the buys to sells BUT the price is flat, in reality TRADING was/is even. 😉

Dummies only a loose guide also, it's who you match with in that instant, other prices available, often if you get a good price, then try to execute it, its rejected, do it all the time, have often bought on/near listed bid price and likewise, often sold on/near and sometimes ABOVE the listed ask, when a share in vogue.

Anything even both ends, can often be mislabelled BUT its ZERO to do with the mm's , market or hocus pocus and games, just a very 💩💩💩 GUESSWORK Algorithm , used by rehashing sites like this one....... 🙄

Worlds markets label NOTHING, just print trades that sites like this one then rehash and distort, making the associated stats, volume ratio's etc, worth used toilet paper 😉

More like just the usual, all buy/sell/unknown labels 3rd party sites like this one's 100% GUESSES, another 10m buy, the price higher than those around it, usually , most likely a buy, as they do not usually give a premium price to a seller...... 🤔😉

11-Oct-23 08:20:23 0.2065 2,635,609 Sell* 0.20 0.22 5,443 O

11-Oct-23 08:20:05 0.2065 2,225,632 Sell* 0.20 0.22 4,596 O

11-Oct-23 08:18:36 0.21 10,000,000 Sell* 0.20 0.22 21.00k O

11-Oct-23 08:18:28 0.2085 963,787 Sell* 0.20 0.22 2,009 O

11-Oct-23 08:15:43 0.2085 98,777 Sell* 0.20 0.22 205.95 O

If those local issues resolved, still hoping for a quick sale of our 100% owned Sundagas, which holds the 75% of Chuditch, obviously, at Yeo ho ho's presentation, Chuditch for SALE at "the right price". GLA 🤔

If as Horta said a few days ago, Sunrise news soon, if its, a we ARE building Beaco, be that OZ/Woodside or the Chinese, brilliant for Boil/SG, immediately adds value to the currently $0 valued gas reserves, of both Sunrise and Chuditch, with Woodside currently having its 5tcf and 240mb condensate, on its books at $0.00c. That would return to hundreds of millions as it was, before they started marking it down year on year, until $0 about 3-4 years ago. They progress so do we as said, we just need a first ever permission slip, or a processing path, being built not talked about. 🤔

It's never been about what Boil say and its snail paced plan , it has always been about TL getting its 💩together and encouraging the return of the sector players that departed and at least providing ONE actual processing path to market, previously did not (still does not Beaco) exist, or they denied permissions.

All remain sitting on the fence, once the local issues resolved, a bigger player can bring forward those timescales. All we need is a path, to give value to the zero valued gas and hopefully SELL up long before the drill, investor in assets not an oiler interested in production. GLA 🤔

or perhaps we do him an injustice, appears not to be able to afford a suit or a real office, naaaaaaaaaah , taking the ****,

time he handed over to a.b, someone that does have a scooby doo of what to do 😉😂