Member Info for passiton

Gusmao, promised an end to this, 20 years ago, with his project Tasi Mane, that would bring jobs and prosperity to all, about time he delivered SOMETHING ! Other than more promises of the same

https://www.ucanews.com/news/one-fifth-of-timor-leste-youth-without-education-jobs/103273

Bayu (santos) conversion from production to carbon/wastes storage, now appears in full swing, what else have they got to DEcommision😂

https://splash247.com/mma-offshore-scores-10m-decommissioning-contract-in-timor-leste/

Metinaro and 3 Island power stations to Gas - Tenders 2025/26. Met PIT Fid - by end of 2023

Chuditch , drill or drop extended from Summer 2023 to 18th Dec 2023.

Both Fid date and our extension, announcements made around the same time, earlier this year. 🤔

🤞 we get to know soon and the above more than just co-incidence, it does look like a 🦆🦆🦆🦆

Surely never, Eddie after the accident, suffers total recall, resulting in spontaneous WITT LASH

😉😂

Crunch time for all, after all the recent disasters and expensive poor power stability, during covid and raging storms, they need the Metinaro PIT and 90 day Gas/LNG tank farm asap to safeguard domestic supply, for future and they know they will happen, regional weather disasters increasing year on year, in recent times, another of Horta's UN speeches, they should get compensation for taking the brunt, of our longstanding abuse of the planet and the results of global warming.🙄

They need Oil and Gas revenues to start flowing again, to comply with World Bank and IMF further loan agreements, that they have to contribute towards, without depleting the Petroleum Wealth fund, which is already under stress, with budgets still being cut, not increased (SDP 2011-2030) to develop others sectors, for beyond oil and gas.

All we need for our currently $0.00c valued gas, is ANY actual path to market, Metinaro/FPSO, Beaco being built, or if still no support (filthy's post China appear not keen) open season, fpso/flng , santos and woodside both build their new pipelines to their own Darwin refineries. TL coffers fill , Companies make profits, share prices rise, everyone🥳🤑🤑

YES !

Technically they have said yes for 20 years but only for Beaco, which unfortunately for them, no one has financed or built for them.😉😂

On 14 and 15 November 2023, the Ambassador-at-Large and Head of the United Nations Security Council Task Force, Andrejs Pildegovičs, represented Latvia at the European Union (EU) and the Organisation of African, Caribbean and Pacific States .Addressing the Council of Ministers on behalf of the Baltic states, Ambassador Andrejs Pildegovičs recalled Russia’s aggression in Ukraine, the escalation of the crisis in the Middle East and stressed the need for closer cooperation between the EU and the African, Caribbean and Pacific States, defending the sovereign equality and territorial integrity of states. Andrejs Pildegovičs also met with the Heads of Delegation of Fiji, TIMOR-LESTE, Vanuatu, Kiribati and Micronesia.

the sovereign equality and territorial integrity of states 🤔 that's a line the demon duo will like, probably translated to Timorese , its our, now do as we say 😂🤣😂

China/TL Island industry, looking better by the day 😉😂this a few days ago on same NZ site....Australian PM been contradicting himself, wants more production for Australian domestic use but also wants much lower emissions rating for Australia, could he pass the buck to TL refineries and carbon capture?

Germany/Pacific - fossil fuel

Germany has called on Australia to support the European Union's push for a phase-out of fossil fuels at the upcoming UN climate summit. Its international envoy and a former co-head of Greenpeace International Jennifer Morgan spoke in Sydney on route to the Pacific Islands Forum in the Cook Islands saying all countries including Australia need to step it up. Morgan said phasing out fossil fuels is the only way of keeping the 1.5 degrees target in sight. She said they are hoping Australia will be able to work with them on all their goals including energy transformation, the phase-out of fossil fuels, adaptation, loss and damage and climate financing. Her statement comes less than three weeks out from COP28 which is being held in Dubai starting on 30 November.🤔

Pacific - lending

The Asian Development Bank (ADB) has unveiled favourable lending terms for Small Island Developing States (SIDS) to boost investments in climate initiatives and other GLOBAL GOODS. Bank President Masatsugu Asakawa announced this following his meeting with Fiji's Finance Minister Professor Biman Prasad.The terms feature a one-per cent interest rate, a 10-year grace period, a 40-year maturity, and initial principal repayments of two per cent annually for the first decade post-grace period, escalating to four per cent thereafter. Asakawa said this move will help mitigate SIDS' debt service obligations, intensified by pandemic fallout. SIDS beneficiaries include Cook Islands, Fiji, Niue, Palau, Papua New Guinea, Solomon Islands, TIMOR-LESTE and Vanuatu.

That is the one worry I have had all along Jarv, especially as Yeo ho ho in charge from his bedroom most of the time😂🤣😂 Andy B, hopefully now exerting some good habits on him. Yeo ho ho has snail paced all , been in JV talks since Autumn 2021 etc etc, with never any detail, or honesty as to why, its taken so long (when we all know the local issues) 🙄

They are if they SELL now, as Yeo ho ho said , he sees 1.7p - 3.7p share value to Boil depending on various factors. Who would be that upset , if he got a sale for even the bottom end of his RIGHT PRICE, right now.

Agree entirely on your , possible diluted big time with a jv, especially if just another low level minnow, with the same plan to sell on not develop, hence we need TL to wake the area up, bringing forth a senior player, to take us out.

Sunrise was originally a consortium of 3 seniors, spending over $400m in development before mothballing 2004. Big projects need big players, for us to get max ROI. Shell spent a lot more than Boil/SG back in the 90's on Chuditch $47m with a bigger picture, that should also be of benefit in negotiations, IF TL finally get things open and moving. 🤔

Finally, just look at the number of minnows that have roared to £250-£500m, just on the prospect of finding something to develop, Chuditch is Appraisal for development not stick a drill in and hope, the discovery was made by a Super Major Shell long ago.

A few years ago (gas prices much lower) Cove got £1.25 Billion for its similar sized tcf holding after a bidding war started by Shell and won by the Thailand NOC.

Minnow holding a Super Majors asset, remains a multi mega bagger in waiting, just needs a simple YES, or the facilities to be built, to return value to our, long stranded and zero valued gas... 🙄

Woodside currently has its 34% of Sunrise 5 tcf on its books at $0.00c having marked down year on year until $0 2019/20? it was previously hundreds of millions, so this is why progress there is important to us also, if it progresses, those millions will return to their balance sheet, all things being equal, Chuditch should be rerated to a fair value also. 🤔

Pick a number, no chart required, do you believe Chuditch on progress worth £200m , £500m or more, simple calculator , your number divided by 18.98 billion shares. Rounded up simply

1p = 190m

2p = 380m

3p = 570m

Yeo ho ho, said depending on various factors, he sees Chuditch worth 1.5 p to 4p to the company. 😲🤑🤑🤑🤑🤑

Here is some help, to get your head around those high figures, at conference 2021, next door sunrise 5 tcf was valued at $65-$75 BILLION over a 30 year life cycle, Gas prices have boomed since then, so what is it worth today ? $100+ Billion?

Now play the part of a prospective buyer and developer of Chuditch, its 3.5tcf with upside (shell the original owner for the full license had it also 5tcf with upside) so how much would you pay for our 75% with an available production path?

if Sunrise 2021 price with a boom, then Chuditch to a developer is currently $40-$50 Billion future operational revenues.

Once more look at Yeo ho ho's valuation low end 1.5p = £285m on checking his top end 3.7p = £703m, when balanced against what that future developer could extract over its operational life, a couple of pence (£380m) for us to go away, petty cash, to a returning Maj/Tier1. 🤔😉😲🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑

In the presentation earlier this year, he spoke of for sale "AT THE RIGHT PRICE", well that's the range he is thinking in terms of £285-703m😲😜

Been a while since 0.5p seen, old price have as much use as used toilet paper, each and every dilution, those have to be diluted also, its never about sp, its always about MC , achievable market cap, the most recent sp high was 0.35p, which is now 0.26p a MC High of £49m, sp for visitors in for the next spike, MC for investors in for the journey.

MC always tells the true story of progress or not, historical sp never does.

Said last time, the true high was 0.17p break that and its new BLUE SKY territory, it finally broke and added another 100% on top to that sp high 0.35p £49m MC, that would now be 0.26p with current share base, break that and same again would give you over 0.5p BUT positive news of something actually HAPPENING, should take us higher than all the previous rises, based on nothing more than hoping something MIGHT happen in the near future. 🤔😲🤑🤑🤑🤑🤑

Good news and 0.14p chicken feed.....dont need charts , just positive news flow. Zak put rises on Baron about 30 times last year, non of which happened , until an RNA message dropped in the rns news wire, then it crushed previous market cap high , at the time 0.17p and then doubled to 0.35p, on a hope that something might happen, that high now 0.26p after dilution (£49m MC) , it will be nowhere near close to 0.14p ON POSITIVE NEWS, last time broke high and +100% on a might happen, that would be 0.52p target BUT imagine if this time it is at last a SOMETHING IS HAPPENING !

CEO knows far more than Zak, his subject to various factors target for Chuditch is 1.5p - 4p 😉😲🤑🤑🤑🤑🤑

then add some for poor old Dunrobin's 66 million barrels to Baron 😲 pence not fractions, when the sleeping ex Super Majors license has value restored.. GLA

Maybe his recent statement and visit with UAE and Kuwait, is his hope for alternate funding of Beaco in full/majority, to keep IMF/World bank and others sweet, further funds for other sector contributions from the fund, whilst preserving most of it, still gets a nice wedge in interest on that 16 billion, most years, split between a safe account and investment account. Thaw would cover the lower contributions to the other sector development loans. 🤔

Good reminder Filthy, all including China baulked at previous offers , for others to fund Beaco years ago but that was a very poorly constructed plan, based on Sunrise only, which all deemed not viable both financially (Beaco) probably running at a loss and on risk, that old , crossing the moving 2800-3500 deep timor trench.

Sunrise itself already complicated, the 2018/19 Maritime agreement, later adjusted to more in favour of TL, for revenues and taxes etc and additional agreements made, including Australia saying they will not syphon Sunrise from their own waters, so long as the agreement remains in force, no Australian border license to be issued, so it would appear, Sunrise can only move, with Australia getting something out of it, or compensation to walk away?

Nice stuff, perhaps Xi and co , can wake the demon duo up to the , much quicker routes to market (their own 😉😂) that would have their coffers filling back up sooner , than a current at least 2030 Beaco, if ever built. 🤔

Investors and Sector companies, could very well soon, see two new pipelines available, Timor Lestes and Santos dual pipeline project , Barossa/Other - Darwin input and now idle Darwin - Bayu output wastes/carbon capture, TL also has an interest in that project, so Chuditch and new TL Waters projects, will also have a zero carbon footprint available.

A lot set to happen in those under explored waters, one the fire starts, it will burn bright, Timor Leste Maritime area the empty sandwich filling , surrounded by dozens of Oil and Gas discoveries (many giants) either side of it, in the Australian and Indonesian Timor Sea designated maritime areas, which have been explored and mostly depleted since the 1970's and continue to turn up new discoveries.

On limited exploration, TL waters , Bayu operational 2005-2023, Sunrise 5tcf , Chuditch 3.5 (shell 90's over 5tcf with upside whole license , not just part concentrated on by Boil limited seismic) monster Kelp labelled by Mobil 10.5-14.5 tcf

with a dozen huge offshore area's waiting to be explored, what else is lurking under the Timor Sea 🤔

To much known gas and wider potential for more, for the Industry not to exploit, hundreds of $ Billions in known production and more to be discovered, just need the TL demon duo to make it happen, sooner the better, for them and for us 😉😂

TL do not need one at the moment, all the previous ones, first two co hosted by Sundagas, have been about trying and failing to raise interest in their exceptionally poor bid round and vacant license areas, probably now waiting until developments with China CNOOC etc finalised, no point in throwing another large 2-3 day conference budget away, if they already know a major shake up pending, then showcase what's occurred and what is still available, to any potential new investors.

Hold it back until the late spring and a lot might have happened, China taken up multiple large vacant offshore license, a plan for their biggest Kelp 14.5 tcf , Australia and Woodside progress to build Hub and onshore Export facilities, if not has

China/Kuwait agreed to fund, finally at least one permitted route to market for all the long stranded assets. Metinaro FID and building commenced, deals on who will supply it with all requirements, not just Gas/LNG, our own plan also finally publicly backed a first ever YES, to encourage others, long on the fence, with Gusmao's its all ours, it will all come to the Island , you can wait for Beaco (20 years and counting)

Once things cleared up, will Santos and ENI finally have signed their Area R and P PSC (due Jun/July 2022 still haggling) will their new hub and pipeline to Darwin, still be from Barossa/Evans Shoal or moved to a new home to bypass the courts ruling on the current planned route.

So much in flux, they will set a new date for their next conference, when they to know what's actually happening/happened and what remains open and available to new investors. 🤔

No date yet for next years Seapex event in China, could be interesting, if China make a move, after Gusmao and Xi meeting stating oil and gas support and the Mou between TL Ministry of strategic planning and Infrastructure

https://www.seapex.org/china-beijing/