Member Info for TheHoopedBaron

Looks like a tree shake to me... interview may have created some activity in the background.

Dip cant be down to oil price???

Well my 53k purchase has appeared as a sell... incredible price out the blue so late on

Price changes as well so no difference in value

Not necessarily Ian... if there are keen investors then they would need to be offering better terms than the CLN's in order for the CLNs to be ditched so promptly by AB.

IMHO no new deal will be announced until the environmental stuff is in place 100%... therefore a new investor / funding source may already be in place pending approvals.

That seems more likely... as filthy says "something is being hatched"... I agree and have said so since the Helicopter excuse.

Scottish... inferior??

Easy to spot a Daily Mail reader... next you'll be telling us that we are dependant on English taxpayers to subsidise Scotland.

Interesting Proactive interview...

Im sure helicopters could have been sourced if they really wanted them... so why pull the plug on the immediate drill plans?... something is afoot imho.

Very interesting that the first thing AB wanted to do was emphasize the size of the Chuditch asset and that our neighbours Santos had just been subject to a takeover bid by Abu Dhabi based ADNOC... so is this just fluff to hook some investors in?.. or is it a hinted signpost at the recent A&M activity within the gas industry going forwards without actually saying too much relevant to Chuditch at this stage?

My earlier Spidey-Senses re a "false flag" to cancel the CLN's are even stronger now than my immediate thoughts on reading the RNS this morning.

No CLN dilution is a good thing if we are now looking at the potential of a buyout.

This could get interesting ... in my opinion, its carry on as normal with the drilling plans etc., but possibly now with an increased chance of a buyout given the Iranian gas supply issues.

Gas fields the size of Chuditch are not readily available to buy, but with a willing seller like Sunda, Chuditch must be on someone's "buy" radar given the Iranian supply issues expected to hit the market.

GLA

I agree Filthy... unacceptable timing etc... but in a False Flag scenario, it could be a cunning plan to improve our lot, albeit a bit further down the line.

AB will never admit to any shenanigans but the fresh plan announcements in the coming six months will be more than telling.

Nothing has really changed except we have another delay and have ditched the CLN's... the gas is still in the ground and we have hopefully learned that CLN's are not acceptable.

The ultimate gain will be if we get a multi drill agreement in place at a more affordable cost to us shareholders. All fingers, toes and other extremities crossed.

well here i am, sitting well under water with 58m at an average of 0.086p... shocker this morning, but...

this delay seems like a "false flag" scenario to me.

ab knows he f'ed up over the cln's. the "investors" showed their intentions with the first drawdown and have been manipulating the sp ever since. ive absolutely no doubt ab didnt sign us up for that treatment.

with the iran ****-show likely to disrupt world gas supplies for the foreseeable future... has a plan been hatched to conjure up a "plausible" delay resulting in the cln cancellation?

ok, so we get a major earthquake knee jerk, but once the dust settles, could the middle east issues loosen up investment funds and re-focus the alternative opportunities in the tl region?

as suggested in an earlier post... could china be involved? japan?... others?

or could a new finance deal be a bit closer to home via timor gap or a timor gov loan... remember the cln's were only gonna give us one roll of the dice which ultimately could cause problems not only for sunda but also for timor itself, should results not be as stellar as hoped.

timor's need is too great for a game of russian roulette.

is ab about to do a multi-drill finance deal with timor money and give them say 20% for a free carry?

there's just too many coincidences and questions to this mornings announcement which could be the catalyst for a far better outcome for sunda.

and i dont think ab is a fool...

gla

I dont think they will show up as trades... they are fresh issued shates not buys

The additional shares issued would appear to be for the first $1.5m drawdown... so this will happen another 5 times?

MT the asset is the Chuditch field.

Sunda has rights over the field resources and therefore any future attached value.

It may only be a bit of paper to you, but the resource details on that bit of paper are and will be based on Seismic and other detailed measurements and surveys prepared by experts in their field and as such provide highly valuable info for any valuer to base his calculations on.

The same applies to any oil, gas or other commodity resource.. they arent valued as a "might be XYZ".. they are valued based on the strength of the data.

Chuditch resource size and valuation will be determined post drill but will also be dependant on the route to market being established... both elements are currently being established and will be announced in the months ahead, at which point the market will take notice and the current low value will be rerated according to the strength of the data.

Added another 16m to my tally... showing as a sell on ADVFN... THATS ME ALL IN!.. (I think i said that the last time too)... glutton for punishment.

GLA

I think the funding agreement will be affected by the outcome of the 2 licence applications in the Philipines(??).

Why sign up to a deal when we could be in a much stronger position within a matter of weeks... could a raise based on a higher share price be an option? Who knows?, but surely our intention is to retain the highest % of Chuditch as possible and any positive movement on our valuation will strengthen our hand in funding negotiations.

I would prefer to know about the licence apps before we sign up for funding. I also dont think they will mutually exclusive... one will affect the other, so lets go with our strongest hand possible before we start giving stuff to others.

Well if your gonna hand out share options, best to do it before the price explodes... ducks in a row... they know whats coming.

GLA

Unfortunately jelly, no matter who is running Sundagas nor which company is attempting to get a deal underway, it all boils down to regional politics, past history of oil drillers in the region and ultimately infrastructure funding.

Until the Timor leadership go public with a YES to the oil companies then we will bounce around current levels.

I am assuming Andy Butler has been given an unofficial green light to progress at speed with the Chuditch 2 drill but any announcement will only impact the company share price / value once the Timor Govt sort out their plans and have funding plans in place from China or wherever.

Without infrastructure and political will, even if Chuditch 2 turns out to be a monster field, its still worthless without a route to market.... Andy Butler is no fool and would not have taken us down this route without some form of inside info from the Timor camp.

Interestingly today, he signalled that Chuditch will no longer be the only show in town... we will know in time if we get any new Singapore licence and who knows it may even become our #1 project if Chuditch drags on into next year and beyond.

Andy Butler is steering our wee company thru heavy seas but he can only do so much... its in the hands of politicians now.

At the moment, the market will be watching the politics rather than Andy's wee company and sadly that is where we are at.

I'm hanging onto my 42m shares, im heavily underwater like most shareholders but patience is the name of the game.

GLA

Andy Butler has already stated there will be no placing... so deramping b@ll@cks

There is some real bo###cks getting written on the board.. full of the 2 day 10% ers.

I wish they would F@@@ Off as they are killing this board for meaningful discussion / info.

GLA LTH's

Andy Butler is doing more PR and presentations etc than any member of the Timor establishment.

It wouldnt surprise me if his recent PR efforts are with Timor backing and be a conditional factor in a further farm-up.

He has the ear of industry insiders that no politician can provide. His involvement is worth Billions to Timor and perhaps BOIL will be rewarded with assistance with drill funding.

Lets hope so...

Id expect any additional farmup will not cost as big a slice of our 60% as JV with a third party.

This will allow us to command a better deal when eventally seeking a production partner / buyer as the drill results will add value to the asset

My gut feeling has been telling me that an additional farm up is on the cards.

The project is risk free to Timor given Chuditch 1 is proven.

Makes sense to me that Timor funds the drill as either a secondary farm up or with loan funds using Chuditch 1 as collateral.

Its in their best intetests to get this drilled too and without hassle.

GLA