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Absolutely Jarv

and would be that knock on the door now be , the principle Chinese company

CNOOC, working with TL strategic and China dev ministry ,,,,,, what price then

for a Chinese take away, surely Yeo's RIGHT PRICE , now looking a reality..😉🤑

Sunrise 56% of 5 tcf payment made to Shell/Conoco $650m, pre gas price boom

said leaving 2009 , eventually compensated 2018 deal and compensated 2019.

Not a lot of difference in numbers (shell 98 chuditch 5 tcf plus upside) snail paced

boil catch up part license area 3 - 3.5 TCF and upside.

And we hold 75%, old brokers note and last January presentation , Yeo and co ho ho

had that 3.7p quote on a success basis, a bit more dilution since but we are talking

salivating numbers , if Yeo gets his RIGHT PRICE sale deal. 😲🤑🤑🤑🤑

Mr T

have said nothing will happen for the past 4 years until , something changes in the area

(boil like shell and the majors can say what they like it meant ZIP)

That change occurred last week , Tuesdays Cabinet meeting, MOU between TL Strategic

planning and investment department and the China state development Ministry.

The TL part is what overseas, both refinery projects , Beaco and Metinaro, they will now

have Mr Xi's deep pockets in play.......

Metinaro PIT was listed as F.I.D. this coming Q4 (Next week 😀) Chuditch likewise Q4

news expected, still think SG FPSO plan and the Timor Leste Metinaro Domestic Gas/lng

plans revolve around each other......

SG and AB the power here , not Yeo and Boil, SG helped TL build all parts of the Islands

own industry and continue to do so (since 2016) boil joined the party much later (2019).

They were given Chuditch NON TENDER for all of those services rendered and to showcase

the opening of their first major bid round.

If more than Beaco ever permitted, imho it will be Chuditch and we WILL be long out of

the picture, come those processing and operational days.

Ed

my friend say's listen to the no longer Chinese whispers

they now say

man who stay in boil

riches in bank , no longer toil

😜

Confucius say man with hand in pocket

bubble and buy boil all day..........

Not sure its the same guy ? 😉🤣

https://www.trees-and-lambdas.info/matushansky/confucius.html

Volume still low only just over 100m on AIM and an additional AQSE 19M

share base near 19 Billion.........

Bring back the 2 - 4 Billion+ sessions, without it being a placing p and d 😂🤣😂

As per Rolf's RNA message over the rns news wire , looking at RTO's and company review

to be completed by

LATE SEPTEMBER

That is this week 😉😜............GLA

Bring on the next RNA message and a following reddit herd wind !!!! 😉

We have been waiting for a real knock on the door, since Q4 2021 (In talks)

will it now come on a grand scale.........

Knock , Knock

Who's there

CNOOC

😲🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑

With last Tuesdays Cabinet signing , China Development corp and the TL Strategic

Planning and Investment Ministry (under which the major projects Beaco/Metinaro

fall) The deepest of pockets now in play.....

Metinaro FID Final investment decision is down as Q4 2023, Chuditch Q4 if it stank of fish

before , it smell's like a much more pleasing , Chinese take away imho....... 😜

Have said for a long time, the Island has all set in stone for Beaco, however its

own domestic supply is changing to gas, announced in Parliament to be all

done by 2025, conversion of the Islands 3 power stations from Diesel to LNG/Gas

This would be achieved by building the Metinaro P.I.T, petroleum import terminal

(all fuels) which includes the Gas/LNG import facility and huge tank farm, to hold

a minimum of 90 days supply.

This part of the facility was stripped away from the original plan to co-locate the

Gas/LNG Import fac's at Beaco on the south coast project. Metinaro just east of

the capital Dili on the North Coast.....

imo as said before , Chuditch early development by FPSO with the right partner

can be ready to supply Metinaro 2025 , long before Beaco tenders for 2030 ops.

That partner seeing things now change with China developments, also Australia

will now have to respond , or move out of the way, might just jump off the fence

We need it for two reasons, firstly an arranged by ourselves rig (non big real

operator) and what Funding partner and how, could seriously devalue or even

destroy the already confetti share base already near 19 billion.

Expect a 100-1 consolidation and funding raised by Boil at a much higher level

Secondly a REAL offshore operator moving in , would pay good rates in the current

gas market, to secure a 3 tcf with upside (shell 5 tcf with upside) with a processing

path in play.

Taking us out would be petty cash to China's CNOOC or other Major Tier1's of the

area, that base 3 TCF is 510 million boe

Sunrise valued at $60-$70 BILLION over a 30 year life cycle in 2021 pre gas price boom

Shell and Conoco paid $650 Million in compensation for their 56% of Sunrise having

developed and spent over $400m on the project (late 90s prices)

Sundagas owns 75% of Chuditch , Boil own SG, 75% of 3 tcf , weighed against

the 2018/19 deal 56% of 5 tcf for $650m , salivating figures if/when the REAL

player arrives.........GLA

📰👀

💥💥💥💥💥💥💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰

The majors spent over $400 Million developing Sunrise before mothballing in 2004

(how much in 2023 prices) Shell thought across the Full LICENSE (not touched by

boil) Chuditch could be as big, possibly bigger than Sunrise.

Deep pocket partner required to JV or preferably CHINESE TAKE AWAY 😉😂

the well like other's recently around Australia would be around $20 million, other

recent drills have been $18-$22 Million with a further $3 -$5 Million in follow up

work if not declared the D word.......😲

A mikey mouse minnow partner does us no good, just dilutes what we can pass on

after the drill, to a Tier1/Major to properly develop, Sunrise was a 26-28 wellhead

operation (shell flng 2008 proposal denied by TL)

See press links and our own Filthylucre posts over the weekend, in the China meeting

it directly quotes , Oil and Gas developments with TL...........😲

I have said for 4 years since boil got involved and snail paced its part license catch up to

what Shell already developed (bigger in the 90's) no hurry as without change and more

specifically WORDS from other than TL, who for 20+ years have had hundreds of non

productive meetings and come out and said , great progress made, soon , imminent to

our shores, words that have been worthless.........

We now have the biggest of external voices CHINA, saying they are going to help TL

develop their oil and gas industry............THAT IS MASSIVE NEWS...........GLA 😲🤑🤑🤑

Far more important is the past few days news, we have waited years for the region

to open back up , with our gas valued at $0.00c just like Sunrise on Woodsides books.

We have been told in talks for JV since Q3 2021, NOTHING was ever going to happen

until something changed.

Over the past week , TL department that looks after strategic planning of projects

like Beaco Gas/LNG export refineries on the South Coast and the Metinaro P.I.T

petroleum imports including Gas/LNG import facility and huge tank farm. SIGNED

a MOU with the China state Development, huge news (last Tuesdays Cabinet)

On Friday a much wider signature made for bi-lateral co-operation, with Xi

having a face to face with PM Gusmao, Horta just prior to the sudden MOU in

cabinet, had just attended the Chinese G77+ Conference in Havana Cuba, he

unlike ALWAYS, did not give the TL presentation/speech, what was he doing ?

This site like most use a dimbo algo that is as much use as a chocolate tea pot

3rd party sites (this is not the real lse) use with IT thinks is current mid price

and range and BEST GUESSES every trade on every share every day, the labels

are a waste of space, look across the trading, that tells the real story......🙄

Algo all above its MID buy all below sell (never the case on either) and all that

do not fit its NOW status, delayed or now seen outside of its range, dimbo algo

chokes and calls UNKNOWN

Not black trades or mm hocus pocus,, just very 💩 3rd party labelling , like this site 🙄

Hence the unresearched often cry we have 6 times the buys to sells

and have not moved, as in REALITY , the trading is even'ish 🙄

Fundamental basic's boys and girls BUY SELL and UNKNOWN labels are ALL

100% GUESSES not facts and also NOTHING to do with the MM or Markets

just best guess sites like this one, that rehash the real market TRADE, to

BEST GUESS and give 💩 stats on ratio's and trends.. 🙄

CNOOC - Originally China National OFFSHORE oil company , now its primary

for all Oil and Gas, it with other State owned companies, have everything

covered in country and offshore, so Timor Leste being regional, would not

take much for them to do the lot and we all know Chinese timescales are a

tad quicker than others........ 🤔

full FFD on Sunrise and Chuditch, could give them around 7-8 mtpa , of the

20 they said still looking for, Kelp (mobil 1998) down as bigger than both put

together mobil called 14.5 TCF top end.

TL New studies 2021 based on all those 3 fields being a co-ordinated development

with ALL flowing into Beaco via the Sunrise HUB from the day Beaco becomes

operational.

Taking the lot, could give them most of that 20 mtpa Gas/LNG they said still looking

for after the USA deal. 😋🤑

Jarv

China last year struck a new deal with the USA for 67 million tons of Gas/LNG

and stated still looking for another 20 mtpa for the next decade and beyond.

Shell's operation for Sunrise was to be 4 mtpa from FLNG 26/28 Wellheads

so still 5 x sunrise required

Boil have played snail pace catch up and only processed the immediate area

around the CH-1 discovery , Shell's 90's - suspected Chuditch Bilby and Wombat

(now Chud , Chud North and Chud SW) with multiple other leads/prospects to

the S SW (boil seismic touched the edge and brought in Quokka or what ever

it was they called it) Shell had down as over 5 TCF with the prospects to the SW

probably large condensate fields or possibly OIL.

Too right the Chinese would be interested in Chuditch full license prospects.

Might want Beaco and its production also. 🤔😎

Nice one Filthy

The end of that link, sums it up, China coming to the party , OZ has no option now

put up or shove off......

The joint statement from Timor-Leste and China said the two governments "agreed to strengthen energy policy exchanges and explore the possibility of cooperation in oil and natural gas development".

Timor Leste is heavily dependent on oil and gas revenue and is looking to start producing natural gas from its Greater Sunrise fields around 2030.

The development of the Greater Sunrise field is critical to the south-east Asia island nation's economy as its main source of revenue — the Bayu Undan oil and gas field — stopped producing gas earlier this year.