Member Info for passiton

These bits of news from last year suggest Tasi project all over bar the shouting from on high by a
government source to make it official we are open for business

https://thediplomat.com/2020/10/timor-lestes-costly-oil-and-gas-ambitions-grind-to-a-halt/

https://www.fitchsolutions.com/country-risk/timor-lestes-government-forsakes-tasi-mane-ambitions-16-10-2020

In olden days they would weigh the King and pay a Kings ransom of his weight in Gold
lets hope our king is big and hairy King Kong ransom
Just googled Chuditch and in the region it is a cute furry little carnivore from Australia
but it is also a label for a native genus of Tree guess we are going to branch out soon then

warrants are a standard secondary placing to an initial placing at fixed prices provides both
parties with a happy agreement the company has future funding in place on success and the
lender has a second bite at cheap risk free shares and profits with no obligation to excise a
win for them on success and lose nothing if the company fails
CLN's are as you say blatant death spiral finance by dodgy lenders the whole model is get
cheap shares (forward sold) then convert more (again forward sell) with ever increasing volumes
of shares and ever decreasing prices until done
Can prove the forward selling comment if you filter ICON on Investegate and get a pen and paper
list all the conversion notes and dates to go to market for their decimation from 2 billion to over
30 billion shares you will see then listing alongside it all the late TR1's the number of shares on
each listed is one step out clearly showing each previous lot had been sold and the next being
forward sold prior to each conversion notice rns so each conversion already sold at a higher price
as it falls and rinse repeat again and again and again

still hiding some action on the AQSE todays totals so far lse exchange 28.6m and the Aqse keeping pace
at 28.4m for 57m churned
Past few trading sessions not the norm with Aqse running higher or close to lse trading figures during
our epic April churn was nearly 17 billion on the lse and each day an additional 20-30% of the daily
lse figure also traded on the AQSE
Most appear probable buys on the AQSE with the occasional large round figure dump like the 10m at
1434 today priced 0.701 as most low trades have been on AQSE lately
Can't be massaging the remnants of the six billion discounted 0.05p shares another 4 months later
after that mega April churn can it?
must just be weak bored holders/traders that also got loads end of March/April in same 0.05-0.06 range
and playing dip in dip out ever since

Chop my neck off but with 2022 Timor Leste sector budgets to be finalised on 17th of this month which
may involve further funding to Timor Gap(56%) for expected by 2022 FID on Greater Sunrise and the bid
round only 24 days to closing imo news of Island progress which is good for Baron and other will arrive
this month in support of all of those milestones

Imagine the bagger if rns drops one day with Shell saying we want our ball back !
dear Baron go away its all ours enjoy and spend your £750m wisely

and if you browse the Woodside site the ceo himself was staggered by the results said he had challenged
his own people to reduce the long delays holding up projects with standard results depending on type
of process taking anything from 6 months to 2 years his challenge to them how about we try to get that
down to 4-6 weeks
The processing power Amazon tech provided was like you me and everyone on here piling our computers
one on top of another for about 10 miles worth hailed as the greatest advance in the history of the sector
even more so now as many projects around the world now on the clock to be advanced quicker before
they become financially unviable as new legislation takes hold for green and clean energy

If you google Woodside seismic now also tech available way beyond any of it late last year
Woodside reprocessed the entire over 3000 square kilometres of Sunrise to the North East
of us with a gigantic leap made for the industry by Amazon with Woodside connecting its
own development to extra processing power provided by Amazon tech and did the LOT
in a few hours of a single day
So the Major or upper tier we hope will arrive soon will not have our results in their minds they
will have access to the other data and if decide to move do their own for the entire license
just as Woodside have

TGS did this last year June to October in support of the bid round and its new 2D Cubed results
are supposed to present like 3D images of high resolution and according to its website all data
available from them now (presume at a price) but also the local ANPM have set up a data room
with a UK company name escapes me at the minute where again bidders can review all data
The co host of the first 2 oil and gas events CGG also quote lots of data also available from them
so think our own efforts are just rumbling on to satisfy a clause in the license a requirement to
etc

fact is the seismic only an old data rerun historic 2d and the same 3d data now being upgraded
by new tech both show Chuditch so its not going to tell us anything we don't already know
Huge asset present check but might be able to clear up the how big and how deep factors of the
old seismic runs left wanting due to the distortion by seabed anomalous results
Since then tech has moved on Norway's TGS have also taken all ,over 1 million line kilometres of
2d and the full original 3d not just our portion and re run with a new development of their own
for the entire region all on and offshore Timor Leste

none of us do beesty will all depend who comes in to partner us or take us out but either way
Baron will be over the hills and far away from its current £8m market capital and mini micro
share price
The scale and size of our as Allenby states world class asset Baron playing catch up now at 3.5
tcf but still way off the stats Shell released in the 90's heading to 6 tcf will a lot of upside both
have theorised the discovery drill area alone might be one huge reservoir if seismic finally
clears that up then Barons 3.5 could swiftly become 7 tcf with Shells rest of license upside still
to add giving potential of over 10 tcf or 1.7 billion barrels of oil equivalent in funny money WOW

since that event which had very few attendees another Oil and Gas event held in March of this
year in support of the bid round but also included a Sundagas briefing on Chuditch dIscovery
well (1998) and its progress more recently
That event had almost 1800 attendees including 42 International oil and Gas companies so
plenty of eyes on a region they know is prolific either side of the boundaries in Australian and
Indonesian waters no reason that many more gas discoveries await once it pulls the trigger to
get them to return after departing frustrated by revolutionaries pipe dreams (line and complex)
have held all gas projects in limbo Greater Sunrise 1974 and Chuditch 1998 still await some
firm policy words from government they can go for it and flow asap to fill their Island coffers
for decades to come

https://www.eog-asia.com/timor-leste-energy-summit-reviews-investment-perspectives/

We are very nicely positioned in regards to infrastructure and transportation of gas. At the moment we are
looking into having appraisal wells drilled in 2022,” Colin Murray, VP of Technical, Sundagas revealed

Curios line for a currently NO options available acceptable to Islands long standing on the Island policy
this was from July 2020 and Sundagas (now owned by Baron) VP suggesting that infrastructure etc is
available its certainly not on the Island for years until built meaning his statement could only be he was
assured other options existing pipelines to Australia or on site options would be available when the
time comes if he progressed the project ?

Did hear Bill Murray is a daily investor in COPL

Noob the USA can be a minefield to figure out with surface rights and not always one
set of sub surface rights then a lot of the smaller operators buy up land and some or
all rights then sort of farm out but instead of the normal fixed say 3 or 4 with a set %
it then becomes a floating percentage and if not all taken up for an upcoming single
or multiple drill program others in the consortium can adjust higher/lower and if not
100% covered invite other investors to fill the shortfall
Probably others in here have been in NTOG and slim shady Lofgrans exploits over the
years could have rights to 30% of a play but on the upcoming well had 40% due to
someone not having the funds to support their share and on other occasions some have
skipped a drill completely and external hnw individuals or investment companies have
taken a punt on the available share of that well/s not just those in the main consortium
The site lease/operator holding all the cards and the pack shuffling as they go

more chance of you being elected pope than a 1 being related to news bladderman
pure coincidence when they meet have had shares with 1's day in day out for MONTHS
before any news always appear on shares in vouge and even more so with the advent
of FEE FREE sites hence the reappearance of the old 900 and 911 codes on many shares
this year they where real years ago until new technology killed them

approching 30m traded over exchange and aqse combined lse 21m aqse 6.8m with as a guide
for lse guesses buy sell being rubbish on a false spread on aqse appears to be

0.0701 sells

in between stick a pin in same as Friday

0.0719-0.0729 buys

doubt we would sell the gas would have thought they would use it as a freebie source of
gas for ongoing miscible flooding and oil production increases same them millions in
operational costs just thinking out loud but another option available to Atomic

The area is a multi stacked layers or oil and gas have been in others where each layer is
under separate deals and others invited to participate by the holder so could be Atomic
held the rights for deeper layers have been in others with similar arrangements in USA
one owning shallow depths and another lower 100% and each and every well then
offered to others for a percentage of that well alone or the whole reservoir project

they say they want change they say they need new revenues from 2022 or they will be
on their uppers before or by the end of the decade so now all that is required is for them
to make the change that brings them all back to their assets
Government website currently CROP meetings 2nd to 16th all sectors budgets with president
to oversea meeting 17th to finalise 2022 requirements maybe funding for Timor Gap (56%)
to fund with final investment decision FID on Greater Sunrise documented as expected by 2022
will set us and the sector on fire ahead of the end of the month when the bid round closes
What a fomo and wnwtboototw Friday that would be if the meeting reported in the local press

your right but the new younger elements that came to power last summer edging out the old
revolutionaries that gained independence have been making all the right noises if not any
firm resolutions to change the old guards stance and look to do things to improve and progress
the lives and standards of their people by cooperating with the world unlike the previous crew
who after gaining independence for a second time had a its our way or the highway and we do
not need foreigners we can do it all ourselves attitude that created the long standing freeze on
operations and the islands progress