Member Info for passiton

In the 2021 budget, US$ 8.5M is allocated from the Infrastructure Fund to Invest in Tasi Mane Projec
and US$ 71M to Timor GAP, contributing to the wise management of our resources

Those sector budgets are currently in progress per Government web 2nd to 16th September with
the President to review and sign off on Friday 17th September

2022 State budget schedule
September 2nd - 16th CROP meetings all sectors
September 10th – Final assessment by the CROP (Political Budgetary Committee)
September 17th – Council of Ministers approves the 2022 General State Budget Bill
October 1st – Handing over of the 2022 General State Budget to the National Parliament

October 1st bid license round also closes , the only local press reporting so far was the CROP
meeting a few days ago for the proposed MOD budget

The 17th or reports earlier from CROP meeting could give a clue if it gives T/GAP some serious funds
aimed at FID and Sunrise development that movement for Sunrise will be a big green light to many
industry heavyweights that things have changed and all gas assets can now be monetised GLA

it is what it is as the Yanks say all we can do is as we have all year so far wait for the
bigger players to be satisfied so we can move on
By any metrics COPL undervalued on assets held and plenty of upside rns the only official
words (all on any board zero influence great guess or not) all have set out the plan moving
forwards for Atomic rising flows and revenues and a massive drill program on current and
new reservoirs not just Shannon
Added to that the ceo has stated potentially looking at further assets in Wyoming/USA
With Africa the reason many invested 8-9 years ago in COPL still lurking another with a big
drilling and development plan its not ours its Essar's and they have on the website that our
opl 226 has 4 discoveries in place the first of which has 3 development followed by 18 for
production drills planned each well
CEO stated years ago that the target for each offshore well is 5000+ bopd just need DPR/NNPC
to pull their fingers out now the PIB has been ratified by the president

Well that one is complete horse****

routine time stamps are time placed

delayed trades same day are time stamped time placed and dropped in while market open

delayed trades worked during open are time stamped current time after market close on completion
end of day auction and pme trades also timed during auction or completion

delayed trades from another day are printed with original date and time placed

trades which are being worked can also be seen with multiple trades rising in volume but all
with the same original time stamp say buy/sell for 10m later in the day the same trade printed
again with a minus to cancel followed by say a 25m buy/sell with the same original time stamp
this can occur several times a day and may be followed early next day by another large print
that keeps it going for more of the same next day not easy to spot as the first of the new day has
current day stamp and then each increase again same time stamp all day

Would be the norm Tii21 dummy buy quotes for different volumes throughout the day on
any share and usually a bigger premium for each increase 5 , 10 , 20 million and likewise
more shafted by prices if you want to sell

Spot on Spotify and has anyone told them the rest of the world are cleaning up their acts so
in 10 years time all its gas will reduce in volume with extra expense to clean it up before the
point of sales
The sooner they get it flowing the more money they will make the longer the more they will lose
the whole Timor Sea of Indonesia - Timor - Australia has dozens of major gas finds the CO2 varies
some very low some like Santos Barossa more co2 than the rest until drilled and flowed a big ?
longer the leave it the more they may or may not have to junk and clean up cutting margins and
possibly making some potential new discoveries on the 11 new licenses uneconomic

To true Eddie we are where we are as we have been for 18 months and more since obtaining
part of the license the Shell figures quoted back then staggering for a like fish like Baron and
all thought pennies here we come back then
It then came apparent why but its a hold and accumulate as long as it takes but the prospect
of a JV or sale of our 75% of a world class asset (Allenby report) when it happens takes the
current little or nothing factored in to an asset worth 60-80 billion means current market cap
will be roasted and your aircraft and sp will be Jet propelled
Say when as when the government solve their own confusion it will happen keep saying they
will be bankrupt by the end of the decade and still make statements we want the pipeline to
the Island
Confused as cant get revenues and taxes until they actually provide some facilities
and the companies cant give them those funds without somewhere to sell the gas
chicken and the egg or what

Not a lot they have said not much will happen with Peru or North Sea until next year leaving us
with the same will they wont they with Timor Leste and their Gas policy been steadfast for many
years they want to build a pipeline to a to be built export Gas lng complex leaving the likes of
Sunrise 8+ tcf in limbo which is why Shell and other left the area years ago
So Chuditch in the same boat a massive gas resource with nowhere to go currently
If as they say expecting to hold talks with industry heavyweights something will have to give for
them to commit 500m to develop it without a sales plan
Bid round 11 new offshore expected also gas charged up for grabs now with bids closing the
end of this month they must be making that decision soon or they will not get the bidders they
want Majors and Tier 1 to return and fast track they have even said they do not want more minnows
that take years to get things done
The bid round opened late 2019 for the pre qualified as they called it those that can show they have
tens of millions on the books and last week any Tom Dick or Harry also allowed to make bids
All in the governments hands commit to actually building onshore gas facilities or let it go elsewhere
nothing else will satisfy the Majors who left frustrated with the situation , that has not changed

No way to know if buying good bad or indifferent without TR1 to back it up otherwise just day to
day traders and dippers doing lots of trades each day for tiny profits on each trade
London Stock Exchange like all the worlds markets only report trades as each trade is both a buy
and a sell be it from a broker to you or a fund bailing out through a broker
Have on many occasions bought near bid and sold near ask keep trying sometimes you get a better
match up as the quote you get is for example a quick match up to any one of 3 , 5 or 10 who have
shares available for you to buy or those willing to buy yours off you
Simple fact within the spread could have 10 mm active 1 at full ask another at lowest bid the
other 8 could be all near the mid and offering better prices at both ends and virtually all
mis labelled all day
The real story of the day is never known until close or after delayed trades etc and its simple
blue day buyers on top , red day sellers killing the joy

but that is the FCA for you all about the financials and not really bothered about the processes
of the market itself hauled COPL over the coals for months to get all they wanted before letting
us relist
yet a fundamental of the market for shareholders ignored who is selling big or buying big day by
day what is their normal strategy a lender , quick profit merchant or a supportive and long term
investor giving potential PI and other investors clues as to do I invest now later or not at all
the market is fickle enough without being left in the dark with a lack of TR1 reporting

The 1 - 4 days was due to the weekend being in the way a perfect example of total rubbish
is Hadron on this share the selling had been going on for quite a while pretty obvious to all
then on the 10th of March they put out an rns date threshold crossed date company told
and date reported to market all that same day and it would have had to have been sent to
the company reviewed with nomad for rns release yet they put the rns out early afternoon
on a day when the official total all trades on the stock exchange was only half of what they
said they dumped that day and not as it had been over the previous couple of weeks

no TR1 are manipulated these days they should still as they previously where be 1 - 4 days
for each and every 1% change in holding above 3% for UK listed holders and 5% for those
registered overseas and the same on the way back down until below those thresholds
The whole thing went pear shaped a few years back when all the onus of reporting was
placed on the buyers and sellers without a timeline and the companies left at their mercy
as all they have to do is copy and paste it on receipt into an rns if they do not get one they
have nothing to send

Dont worry about it lse did an upgrade a couple of years ago and has had nothing but glitches
since a few months ago every day all data updates would stop early afternoon and just be in
limbo until near close happened daily for nearly 3 months another glitch in a similar vein was
instead of trade prints etc not happening all posts played now you see me now you don't
all hanging in the background but each refresh some hidden some not the upgrade has been
more flaky than what it replaced

more like a dirty harry movie all in the hands of the locals they will give gas a green light
for other than a complex on the Island that may never be built or they wont making all
worthless apart from Bayu which has its own arrangements since pre agreement days

Gas well do ya feel lucky do ya TL go ahead make my day

Think we are way beyond patience now Legin long term holders have been shipping it in
buckets for years some had probably swapped patience for 3 bottles of vodka a day then
got sober last December on the Atomic news and currently back on a voddy a day
The market like the sporting metaphor no pain no gain

Canada's best day was 105 million early doors after we suspended so 10 not a volume day
that day they fired up 0.02 or around 1.15p just need to see if we can help them play with
those figures again and maybe even 0.03 aka 1.7p and beyond will happen one day the
USA assets alone worth that as they stand and a whole lot more as the miscible increases
flow rates everyday and the revenues and price of oil just keep rising and rising
Not a question of if just a question of when that market correction comes GLA

quite easily Santiago the size and scale of Chuditch (Shells 90's mapping double Barons current)
Greater Sunrise valued at around $70 billion if it ever get into operation so based on Shells figs
Chuditch not that far behind and had upside to be further developed even on Barons lagging
behind looking at 1998 discovery drill area only that's still half the size of Sunrise
£100m far to low for a potential $30-$80 billion as Allenby report states WORLD CLASS asset

http://www.tatoli.tl/en/2021/06/01/timor-leste-australia-discuss-a-production-sharing-contract-of-greater-sunrise-joint-oil-venture/

The Island and Australia had a meeting over 3 months ago to divide the spoils from Greater
Sunrise original terms when treaty made was 50/50 now heavily in favour of the Island no
matter where the Gas gets processed
Now just need a decision on how that pie is going to be baked and where ? any momentum
on Greater Sunrise will be good news for Baron and Chuditch as the Island has played hard
ball (20 years) over a 50/50 split, with Chuditch being 100% in Timor Leste territorial waters
we are at the mercy of the politicians whims and a new election on the Horizon

not a problem many on these and other boards oblivious to the running totals are utter
rubbish when a share in vogue cry's of we have five times the buys than sells whey are
we not ticking up answer because the labels are more crap than usual that day and in
truth the trading is pretty even everyone and his mother these days cry DYOR and yet
nobody learns squat about the market and its players who are real Investors and who
are just lenders in it for themselves and their quick profits

or are they sells remember every trade every day is labelled with a best guess
by a very poor algorithm not a market in the world actually reports buy/sell
just those hanging off it offering a guess

Thanks SMISHMAN that is a buy signal followed the Maltese Falcon (family Heritage)
Noel Borg does some seriously good charting he says chart indicated we are positioned
to break out , he is a serial offender in being right !