Member Info for passiton

Sundagas awarded Chuditch in the first place for services rendered since 2016

in a NON TENDER showcase award, to launch the TL bid round, Nov 2019.

As said many times , long before he joined the Boil bod, A.B and Sundagas is

our secret weapon, they have done a lot, helped set up the TL industry, done

presentations and co hosted/sponsored the TL first two annual oil and gas

conferences

still continue , last year while our snail paced seismic (woodside did sunrise

in A DAY , using AWS Support) they also ran seismic training classes for the

locals (should still be available in Tatoli) done a hell of a lot over the years

and after the failed rto 2019/20 (boil could not raise enough - took 33%)

have since become 100% owners of SG........

Buy Yeo ho ho ho ffs 🙄 have given them little credit or press..... 😲

As said before like on many a share , the PR is as useful as a chocolate tea pot

all they ever do is rehash what has already been said (RNA messages / other)

and fob you off.....

Even the preliminary coastal work at Beaco has been carried out , pictures

of such , around a year ago, so its set in stone, as it has been for them for

over 20 years, Beaco will be .

A NGO critics have said year on many year, continue to plough many millions each

year into a facility that might never be, when it could have been used on the people

who continue to suffer.....

Crunch time, they are not likely to back down (to stubborn and proud) so OZ has to

now step up , or get out of the way (china mou with TL strategic planning office was

announced this week)

Expect things , to start to bubble and boil

something has to give....... 🤔

Been ploughing headlong for a long time, with terrible feedback from the local NGO's

for many years, Timor Gap and ANPM (this week now ANP - Minerals split off) had a

couple of employee's , now have hundreds each , with still ZERO industry.

The training programs have gone on for years, with oz, japan , Indonesia and others

including our own Sundagas , commenced training programs and continue to this

day , SG since 2016 , long before boil (nepotism joined the party)

TL refused Darwin in 2002 , while Woodside in the middle of building its refinery

specifically for Sunrise from a pipeline basically straight line to Darwin and across

shallow waters (Timor trench 3000-3500+ in places.)

In 2008 Shell announced its ship being built in Korea , would soon be built again

specifically for Sunrise , it was also denied. Woodside agreed the FLNG option

was financially a better option and put its full support around Shells FLNG plan

Conoco only in it for the end product, JV within the JV with Shell, so did not care

as long as it flowed.

TL gave that a big fat no also , come to long and to far to back down now, especially

for the Darwin option denied since 2002, Woodside build ready for 2003 Sales,,,,,

then abandoned for Shell FLNG option.....

For Gusmao/Horta and their project Tasi Mane, it has NEVER been about anything other

than jobs and prosperity for the Islands population. Their ideal being Beaco built and

Timorese (not foreigners) the majority of workers , on a full up/mid/downstream TL

industry. Noble ambition but 20+ years of stalemate , surely enough is enough....... 🙄

Hope so jc

TL PM again Gusmoa, invented Tasi Mane and their heels have been dug in on getting it and zero

interest in any other options for over two decades, since independence.

This has all been long planned, as was last years Presidential election , Gusmao stood back

when hot favourite and threw his support around life long BFF Horta to become president,

while Gusmao returned to politics expecting to win the general election/PM slot this year.

So the big push coming by the pair, now holding both senior positions together, both have

been PM or President on several occasions.

Horta on his taking part in the Presidential election (he was also outside the public arena)

said " i do not want to be in politics" but while my good friend (gusmoa) continues to fight

every day to improve the lives of all Timorese, it would be churlish of me not to get involved.

🤞🤞🤞🤞🤞 Riversgold can give us some results news, while we wait on Naheed/Pk

21st August Riversgold RNA on ASX , then RNA over rns news wire by orcp......

The Northern Zone Project has an Exploration Target of 200 to 250 million tonnes at a grade of 0.4 g/t to 0.6

g/t for an exploration target of 2.5 to 4.8 million oz of gold, announced by RGL to the ASX on the 9 May

2023.

David Lenigas, Executive Chairman of RGL, said: “The very wide zones of intense alteration in all four

diamond drill holes on this Cross Section demonstrates the high gold prospectivity of the Northern Zone

Project and endorses RGL’s investment in this Project.

The big questions on actual gold grades and widths will be answered when ALS complete their work in their

Perth facilities over the coming weeks”

coming weeks , now over a month, come on Lenigas , throw us some positive grades, Riversgold

work gaining them 80% , some great results, might give Naheed some nice funds on a sale to

fund our side of the Hydrogen early stage developments........ 🤔

That 20 million tpa LNG , for perspective, is 5 x Sunrise, Shell FLNG plan

2008 for Sunrise was 26/28 wellheads with 4 mtpa production...

Australia will not want to see TL striking a deal with China that would have

the usual strings attached and may also give the Chinese Navy access to

the recently built TL , deep water port, with Beaco itself potentially another

to give access to LNG Export ships.

China said last year, made a new deal with USA for 67 million tons of Gas/LNG

Still looking for another 20 mtpa for the next decade at least

Gusmao surprisingly getting a face to face with Xi Jinping this week and talking

bi lateral cooperation......

Just prior to that Horta attended the G77+ China conference in Havana Cuba, Mr

speech maker, did not give the TL presentation, one of his team did, so what was

Horta speaking to etc for those days in Cuba ?

Horta has now flown on with his team for further meetings with US officials , as he

did this time last year, when he talked to them directly about investment in their

projects and Island development, set to give a speech as per also........

So , talks with the main man Xi himself , MOU Stamped by Cabinet, Horta talking

China(cuba) and now USA.......

Let's hope Australia now react in a positive manner and get things moving this time,

put up or shove off and leave G.S. and its project HUB/Beaco to TL and other's to

open up the 20+ year stalled area , not just G.S. 🤔

China already made a move Kylie, posted yesterday, Chinese BRI been on the

Island building lots of things for years..........but NOW this

Extract from this weeks TL Cabinet meeting, lots of decree law, rubber stamping

(other sector stuff) AND THIS

The Council of Ministers decided to grant authorization for the signing of the memorandum of understanding between the Ministry of Planning and Strategic Investment of the Democratic Republic of Timor-Leste and the National Development and Reform Commission of the People's Republic of China.

Have a MOU with state level Chinese development , the Timor Leste Ministry of Planning and

Strategic investment in charge of all the major projects, it's another stick to hit Albanese

and Woodside over the head with, if you can't/won't do it, we know a Xi that can.. 😉🤑

In the petroleum and mineral resources sector, the IX Government carried out a restructuring of the sector, to ensure greater efficiency in this sector, crucial for the country's development, with the approval of five Decree-Laws and five Government Resolutions, relating to statutes and respective leaders of Timor Gap, the National Petroleum Authority, the National Minerals Authority, the public company Murak Rai and the Institute of Petroleum and Geology.

http://timor-leste.gov.tl/?p=34270&n=1&lang=pt

Translates easily from Portuguese , the rest all about other sectors, one item of note

they made a financial contribution to ASEAN HQ , full membership must now be very

close, OZ has stated once part of ASEAN, it will push for TL to be made a member of

the WTO also, opening more doors...... 🤔

As another benchmark , when TL paid the Majors off on the cheap, 2018/19

having spent over $400m on sunrise, again long before the gas price boom

they paid $650m for 56% of sunrise, its 5 tcf , call it half for simple maths

2.5 tcf / 50% and $325 Million , once more apply to Chuditch 75% of 3.5 TCF

Mouth watering numbers for a potential big boy returning and hitting our

minnow with a very large wad to go away....... 😉😂

MNRG and its new team are currently doing a review and looking at potential RTO's

with all emphasis on Mining, the investment in EQT, probably heading for the exit

already.

RNA Message stated , expect to conclude late September, it's the 21st , so should be

finding out more in an update very soon..........GLA

At 1p our MC would be only £189m, as said 88e and many others have

roared to £250m - £500m MC's on far less that boils holdings

Dunrobin 66 mbo to boil (over 200mbo JV)

Chuditch 510 mboe (75% held by Sundagas, Boil hold 100% of SG)

As said many times , all we need is a valid/permitted processing path

Boil is not an Oiler, it is an investor in assets, early dev , sell on or jv

and sell after 1st drill, as he said in the presentation podcast, both of

our assets , very much for sale , at the right price.

No interest in going to production, its develop, sell on , new portfolio

rinse repeat.

We only need something to happen , that can speed up the day that partial

sale/JV or full sale , for the right price , comes around.

Or the return of value to Woodside Sunrise Gas, from its current ZERO $

back to the hundreds of millions it once was,,,,,, 😀😄

Chuditch , Gas value will also be marked back up, as will our MC/sp......... GLA 🤐

As tradedesk mentioned, traditionally despite its many setbacks and failures

has always had a good following, just imagine if the reddit crowd hear DEAL

they will give us more than a following herd wind......

Why , well we were being discussed on their late last year/early this when it

looked like things might be about to move (assets not sp) as it turned out

still no jv, still no permission slip , still no drilling partner for either asset....

turned into a bit of a damp squib........

On multiple occasions , 88e for example has stormed to £250 - £500m MC's

on hot air and fingers crossed they find some moveable oil THIS TIME.......

If that lot when it comes, hear and have heard, the MONSTER herd wind

will make Boil , more than bubble over.......... 😲 what pence !🤐

Anything that brings the actual prospect of a processing path (permitted by TL)

immediately returns value to our long stranded gas (discovery 1998) like sunrise

on woodside books at $0.00c, our gas also given sfa also, Dunrobin at in the

ground fire sale prices is with a path to market , worth more than that high

fire sale 66m barrels to boil.

Cheap as chips, sell on for a fire sale £ 0.50p a barrel is £33m, now look at our

MC and the price of oil ......so a JV/Sale of Dunrobin , should see new highs.

Turn our attention to Chuditch it is 510+ Million barrels of oil equivalent with

UPSIDE......

Politics resolved or an early permission slip for a first ever YES to something by

TL other than wait for Beaco, brings forth staggering figures.😲🤑🤑🤑🤑

At the TL oil and gas conference 2021 pre the gas price boom, Sunrise 5 TCF was valued

at $60-$70 Billion, over a predicted life cycle of 30 years.

Use Boils snail paced catch up figures 3 TCF with upside , or Shell's across the entire

license seismic/mapping , 5 TCF plus many leads to the South/East suspected to be

either Oil or Condensate and apply those 2021 ratings to Chuditch (much higher now)

That's when this long dormant MEGA Multi bagger, will really wake up...... 😜💰💰💰's

Old sp's meaningless and worth used toilet paper, our market cap high is a tad under £50m

which on CURRENT share base is 0.265p,

It's always (unless a trader/visitor) about Market Capital and never sp, old sp's gone with

each and every dilution, only the MC High retains any validity.

Making a break out beyond 0.265p , NEW Blue Sky territory, when with good news and a

following herd wind, can result in true value going out of the window and some crazy

MC valuations across the market.

May be warranted at a later stage in the cycle BUT way beyond what it should be on the

day news lands and the following sessions.

Boil has achieved an MC of £50m , so all things being equal, that being on the potential

for something to happen, that should be easily exceeded on progress and success 🤔🤑