London South East | The UK's favourite investor portal.

HtTps://congthuong.vn/petrovietnam-thuc-day-giai-phap-bao-dam-nguon-khi-dai-han-cho-du-an-2-ty-usd-460718.html

From 2034, according to the forecast that the domestic gas supply is almost exhausted, the risk of energy shortage puts great pressure on the efficiency of the "industrial heart" of Ca Mau Gas - Power - Fertilizer Cluster with a total investment of 2 billion USD.

AND

Accordingly, in the period of 2027-2028, Petrovietnam and its units will focus on exploiting new domestic gas fields. Two domestic gas fields that are being accelerated are Khanh My - Dam Doi, which are expected to be able to replenish sources from the end of 2027. Nam Du - U Minh field, expected from the end of 2028. These are important domestic supplies that help fill the gap in the transition period, before downward pressures deepen after 2034. Southwest Gas Branch has proactively developed technical plans to be ready to receive gas from these fields.

AND

Action Requirements: Clear people, clear tasks, clear deadlines

Speaking at the conclusion of the meeting on June 8, General Director of Petrovietnam Le Manh Cuong set out specific and definitive requirements: Specialized departments and units must clearly define the tasks to be implemented, the focal points responsible, the implementation roadmap, the deadline for completion and the monitoring mechanism, supervision for each option. The overall assessment needs to cover all supply scenarios: PM3, Khanh My - Dam Doi, Nam Du - U Minh, Block B, buying gas from Petronas and imported LNG to choose the most optimal option for the whole chain.

Four cautionary notes in the MD and A

As at December 31, 2025 the Company has a working capital of $1,823,335

and

During 2025, the Company became the financial operator of the Tapir block and it is now responsible for incurring in expenditures for the joint operation, which is represented by the increase in accounts payable and accrued liabilities. Payment of these obligations is funded by the Company’s own resources and cash calls received from its partners.

and

Letters of Credit

At December 31, 2025, the Company had obligations under Letters of Credit (“LC’s”) outstanding totaling $3.6 million to guarantee work commitments on exploration blocks and other contractual commitments. In the event the Company fails

to secure the renewal of the letters of credit underlying the ANH guarantees, the ANH could decide to cancel the underlying exploration and production contract, as applicable.

AND

In January 2025, intensified combats between ELN and FARC dissidents related to

territorial and drug trafficking control, increased exponentially homicide and internal displacement in the northeastern Catatumbo region resulting in a humanitarian crisis. President Gustavo Petro declared an internal state of emergency in the affected northeastern Catatumbo region and suspended peace negotiations with ELN.

This state of emergency enabled the Executive to issue legislative decrees including special and temporary taxes, all of which are being reviewed by the Constitutional Court. The Colombian government's biggest challenge is perceived to be ensuring

that the negotiations lead to a long-lasting peace and that demobilized members of the FARC and ELN rejoin civilian life, rather than regrouping in criminal bands. Continuing attempts to reduce or prevent guerrilla activity may not be successful

and guerrilla activity may disrupt the Company’s operations in the future. The Company may not be able to establish or maintain the safety of its operations and personnel in Colombia and this violence may affect its operations in the future.

Continued or heightened security concerns in Colombia could also result in a significant loss to Arrow and/or costs exceeding current expectations.

I see JSE had its EP for Sea Eagle-1 and Tahbilk-1 Vessel Based Activity accepted on the 16th April

hTtps://docs.nopsema.gov.au/A1326585

Of interest..

In terms of exploiting Tahbilk gas, Tahbilk-1 well use is a pre-requisite for commercial viability. The well is in a good location and a sidetrack is not required. Even if the estimated resources in place err to the high case, they would not be enough to justify a new wellbore. In line with the original FDP work, the well is adequately placed and the pathway to monetisation is a tieback to offshore infrastructure. In terms of infrastructure, gas development plans for Tahbilk and the greater Montara area gas exploitation are evolving. A third party Operating Company has sanctioned an offshore gas development in blocks nearby

to AC/L-7. Jadestone has had engagements with the Operator and making development more a matter of timing and de-risking of volumes. It also presents a better environmental outcome by doing more with less.

Tahbilk-1 is a vertical well and was left in a state where it was anticipated to be re-entered and completed for production and this forms the development case. As a vertical well, casing wear is negligible and formation fluids that surround the well are not known to be corrosive. Inhibited drilling fluid was left inside the well limiting risks of internal corrosion.

To progress the final decision to develop or permanently abandon Tahbilk-1, an integrated subsurface study which includes Geophysical Studies Seismic interpretation, Petrophysical Evaluation, Geological Static Modelling and Dynamic Modelling are required have been completed, with the final stages due to be

completed in ~Q3 2026.

Forward plans for Tahbilk-1 has shifted substantially since these studies commenced, with the integrated subsurface studies (described below) indicating potential gas reserves that could lead to a broader gas development that conceptual studies have commenced and have been approved to proceed to the next review gate stage, with Final Investment Decision (FID) forecasted in the second half of 2027.

The study will properly delineate the discovered Non-Associated Gas (NAG) resources in Tahbilk Field, reducing uncertainty defining the commercial way forward. An integrated gas development between the discovered NAG Fields; Tahbilk, Padthaway and Bilyara will be coupled with the plan for gas cap blowdown from Montara Field with tie-in to infrastructure previously mentioned.

Latest Share Chat

Member Info for SEA7

Followers

Following

Posts (Last 30 Days)

Posts (All Time)

Last Post

Member Since

Share Chat Post Distribution (Last 30 Days)

Activity Log (Last 30 Days)