Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
Much has changed the past 20 years.
New maritime border agreed with Australia for one. New TL government elected. Sundagas/BOIL interest in Chuditch. A huge global change towards cleaner energy. Rising LNG demand from China, Korea, Japan. We simply need a bloody decision to be made on processing facility! :)
I still think there will be some significant movement on announcement of 3D data results, even though not necessarily required.
HFB hoping Mike Dean isn't working for the TL government! (although he does favour us Man U fans ha)
TL listen up, No VAR, No BS, Send it top of the net to Darwin and start making $$$$$$$ and developing your country now! :)
Ah, we can see the negativity as usual here.
Its been said on this share over and over, its a mid term investment. Its not a quick overnight MB. 6 Months+ looking like for significant news on Seismic (not needed) or JV partner. Saying that, also it could be tomorrow, who knows? If you are not in it at these prices then you should be! :)
What is certain is the resource, the great potential, the small MCAP, the recent earn in and super low current SP. There is no doubt that even a hint of good news will send this to the next level. Patience
Evening all,
Good to see this at a stable rate today. I'll be going back offshore end of this week so will be quiet from me from then. I'll be using my off-shift time to look for any news or hint of JV plans etc! :)
Partner will be managing our investments as limited comms West of Shetlands in rough seas! She knows what our personal targets are! :) however, she knows it could Q4/Q1 next year so know rush here, just pure excitement!
Haha, looks like a fair bit of reading there Shouston, looking forward to it.
Homework indeed! :)
Evening all,
Nice to see this remain relatively stable today, even with the large volumes! Great info as usual HFB :)
Hold, Hold and Hold!
Afternoon everybody! :)
Patience is the key here buddy! All the pieces will come together. At these prices though.. absolute steal! :)
Looks like whoever comes knocking it will be great! Really interesting reading about Japan Imports of LNG from Australia the other day so them getting involved could be interesting Shouston! Pay dayyyy :)
Also, good news that Timor Gap is recruiting. Perhaps to take the project in a new direction, South towards Darwin hopefully! :)
Not sure about CNOOC as they wouldn't want to involve pumping to Darwin. Unless major investment from China and a quick turn around was possible. But sure they have already had a loan from PRC rejected.
TL needs the cash now before its to late. Australian infrastructure is in place and waiting.
Whatever happens, once something is confirmed, win win for us :) (the most positive being a deal involving Australia however!)
To answer your question though, if a JV with Shell were to go ahead.
50 - 100 bagger IMO!!! :)))
Also in the report referring to this
'As we have noted on previous occasions, the most obvious candidate is Santos Ltd, Australia’s second
largest oil and gas producer and arguably the most influential operator in the Bonaparte
Basin. The suitability of Santos as a partner reflects the proximity of its 26-inch pipeline
from the Baya-Undan field to the Santos operated LNG plant at Wickham Point near
Darwin. In principle, we believe a prospective Chuditch field development could easily and
cost effectively be linked to Santos’s 26-inch pipeline. As far as we are aware, there are no
major physical obstacles to overcome. Significantly, the Wickham Point facility needs new
feedstock supplies to replace declining output from mature gas fields of which BayaUndan is the key example.
Excluding Santos and Woodside Energy, the two leading Australian oil and gas producers,
we think the most likely farm-in partners for a prospective Chuditch development project
are East Asian oil energy companies and possibly utilities. In the former category could be
Korea based SK Energy, the Japanese operators INPEX and Mitsubishi Energy and the
Chinese major CNOOC (assuming no Australian involvement in the project). Interestingly,
SK Energy is a 37.5% joint-venture partner in Santos’s 62.5% owned and operated Barossa
gas field project in the Bonaparte Basin. SK also has a binding agreement with Santos to
acquire a 25.0% interest in the Baya-Undan field and Wickham Point LNG facility.'
Seems whoever it is, its a win win for us! :)
Nice too see a rise today! :)
In terms of JV or Farm In I see it as certain. Even with hefty carry on terms applied that's still a huge profit for SundaGas / Baron with the gas potential in Chuditch. Quote from Allenby Capital (advisors) Report 25th March 2021.
'Although securing a partner is by no means certain, we think the Chuditch project has
sufficient attractions in terms of its discovery status, potential scale, proximity
to the Santos pipeline infrastructure and link to the Wickham Point LNG facility
to attract a viable partner'
Went to the toilet, had a little snack, watched the end of Homes Under The Hammer.
Came back to the PC, Woah! :) :)
Haha. Not sure I could have my own market blog! Barely know what I'm doing with myself on a good day ha.
But what I do like is facts and research. Facts and research point in the right direction for BOIL! :) As said previously, I was tipped about it offshore by a group of guys who had bagged well on others and were in COPL. Really opened my eyes past the usual FTSE100 and 8% - 12% PA I thought was fantastic. I spent a lot of time off-shift researching it as well as AIM market and came to the conclusion it was a solid buy and hold!
Alot of them were in Crypto Currency, investing and mining it too. But that mashed my head!
It's easy to see why SP is falling.
Not a great amount of publicity and awaiting news. Although I do admit I am surprised the base level for SP isn't higher around 0.2 given the resource. As I've mentioned alot, this is a steal where we are at now! :) Is all just about waiting for news surrounding a JV partner. Could take up to 6 months. Not a long time if you're holding for a serious gain.
Also everybody was slating that Crypto guy because its easy to predict a SP fall. There was alot of excitment about where this was going in the future and he was banging on about it falling like a rock and going nowhere. We were talking mid/long term, not short term trades holding for a few days. Seems he has little patience like so many people these days. I would hardly call going up to 0.13 a 'spike'. Perhaps for the investors who have put over £50k in, now watching that value drop, but as I mentioned yesterday you're only losing value, not actual money. Allenby Capital see's very low risk for an AIM stock with proven resources and a high likelihood of JV partnership in future.
When positive news does come and its a sharp climb, I can't imagine the stress / regret of not holding out for a few months and instead letting go for such a minor profit.
Although on the other hand I understand serious investors will want to manage there money to make the most of their time. Eitherway, I'm sat here with my morning coffee, feeding my 1 y/o son weetabix, in at an average of over 0.1 not worrying one bit! :)
Sure seems a while away while we are in the dark waiting for news but its completely achievable IMO mid term.
BOIL undervalued as it is, this price is ridiculous! :) Just need some good news as a catalyst.
Allenby capital (baron nominated advisor) report from 25th March
'We see two key potentially influential share price catalysts over the next year or so. These
are positive news concerning progress, firstly, on the TGS seismic reprocessing and
evaluation study and secondly, on securing a farm-in partner for Chuditch. We think
ground-breaking news on these fronts is unlikely before the third quarter or indeed the
fourth quarter of 2021. Although of less relevance than Chuditch, a decision to go ahead
with the drilling of El Barco 3X well in Peru could also be a catalyst for the share price.'
Q4 is 6 months away. Great mid-term investment at these prices. Top up if you can. Remember you're only losing value, not actual money during short term SP falls.
Also in the report is the risk analysis for Barons Timor Leste investment. They expect good news on the seismic data as has already been mentioned by HFB, its already there and proven. They also expect that, all going to plan a JV partner should be announced before or early 2022, to allow planning for drilling :)
Cannot hide my excitement for the day positive news drops. That warm feeling when you consistently see over 30% in a day on a fast but steady rise!
Dreaming of 2p+.. :)
Loving this analysis haha.
Even from a United fan ;)
Seems abit gloomy on here this morning.
If it helps anyone, I brought in at 0.06, 0.09, 0.11 and 0.12
Average share price of over 0.1 so I've been mainly negative. Doesn't worry me one bit! :) its just a waiting game now. No stress at all. No constant reviewing the daily rise and fall. Just awaiting some exciting news to come through!
I can spend more time now doing research and looking into the potential of Chuditch and global economics regarding LNG etc.
Evening all
How's everyone today? Found some nice reading from an article last year.
'Australia is heading for a new annual record on LNG exports after Queensland's three plants collectively exceeded their rated production capacity for the first time ever, but a slump in prices means revenues will be well down.'
'Exports of liquefied natural gas from Australia were running 1.2 million tonnes ahead of last year by the end of November, and exports for the full year could reach a new high of 78 million tonnes, consultancy EnergyQuest said.'
'That's more than the production capacity of rival exporter Qatar, at 77 million tonnes, although the Middle East heavyweight is set to snatch the crown back as it aims to lift capacity to 126 million tonnes a year by the end of the decade.'
'Japan and China were the two biggest markets for Australian LNG in November, each rising from a year ago to about 2.6 million tonnes.'
'The figures appear to confirm that the escalating trade hostilities between Australia and China have not affected LNG shipments'
HFB you've probably posted something like this before! Its just exciting to be reading about the high demand for LNG from Japan especially. Great with Chuditch going to Darwin! :)