Member Info for Thij

Https://apps.sentinel-hub.com/eo-browser/?zoom=16&lat=-16.34671&lng=133.88634&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2F42924c6c-257a-4d04-9b8e-36387513a99c&datasetId=S2L1C&fromTime=2023-06-12T00%3A00%3A00.000Z&toTime=2023-06-12T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22

“Here we go...

Apache announces end to North Sea drilling hours after UK scales back windfall tax - https://on.ft.com/3oSlYKM via

@FT”

https://twitter.com/AdiSurreyEnergy/status/1667387234121662464?s=20

Good numbers and in time a positive FID.

https://oilprice.com/Energy/Energy-General/The-Complete-Guide-To-FIDs.html

“Gas company Tamboran Resources has announced plans to build a liquefied natural gas (LNG) plant almost as big as Inpex's Ichthys facility at Middle Arm in Darwin to export fracked gas from the Beetaloo Basin.“

https://www.abc.net.au/news/rural/2023-06-09/middle-arm-precinct-tamboran-resources-fortescue/102461860

“EPL thresholds: Brent ($71); NBP (54p) for 2q; NBP now 62p; Brent $76 -> triggers EPL.

If this is the mechanisms (i.e. step instead of sliding scale charges) it would be a failure by

@HMRCgovuk

.

UK shareholders would have to hope for LOWER price band for a HIGHER NAV. Absurd”

https://twitter.com/BurggrabenH/status/1667130891456397315

Https://twitter.com/OilSheppard/status/1667059673311084546?s=20

UK government confirms our scoop from last night - sets price floor for oil & gas windfall tax - if both crude oil averages below $71.40 a barrel and gas £0.54 a therm for two consecutive quarters, tax rate will revert from 75% to 40%

https://ft.com/content/ef695abf-6d2b-4ba7-aeb5-9d5a19feb1c5#post-9d096317-7de8-4315-8676-1199974400af… via

@financialtimes

“The inclusion of Tamboran Resources, which plans to frack – or hydraulically fracture – the Beetaloo’s vast gas resource, will be hotly opposed by environmental activists but is no surprise given the strong support from the NT and federal governments for the role of gas as a transitional fuel in decarbonisation.“

From hotcopper forum:

“FFI and TotalEren are the clean energy arms of Andrew Forrest’s Fortescue Metals Group and French oil and gas major Total. The shortlist includes Tamboran Resources, which wants to develop the giant Beetaloo gas field;”

https://www.afr.com/policy/energy-and-climate/nt-to-anoint-fracking-hydrogen-battery-mineral-hopefuls-20230607-p5dels

*on

New analyst report (‘advertisement’) in the website Empire.

https://empireenergygroup.net/wp-content/uploads/2023-06-02-EEG-Empire-Energy-Group-RaaS-Update.pdf

Yes. 10 days to go. First flare was 18th of May. 🤞

Https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=-16.34952&lng=133.88989&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2F42924c6c-257a-4d04-9b8e-36387513a99c&datasetId=S2L1C&fromTime=2023-06-07T00%3A00%3A00.000Z&toTime=2023-06-07T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22

Https://www.rudaw.net/english/interview/03062023

“Regarding the suspension of Kurdistan Region's oil exports through the Iraq-Turkey pipeline amid an ongoing arbitration row between Baghdad and Ankara, Ghani said that Iraq took advantage of the suspension of exports to meet its reduction quota in OPEC as it had previously failed to make required cuts.”

Pictures with Flare from 18 may - 2 june. My guess is halfway. So maybe news around the Falcon meeting.

Thank you. Flare still alive 😀

Https://www.amazon.com/Prize-Epic-Quest-Money-Power/dp/1439110123

Nice book to read while waiting. Development takes a lot of time and patience.

“With his far-reaching insight and in-depth research, Yergin is uniquely positioned to address the present battle over energy which undoubtedly ranks as one of the most vital issues of our time. The canvas of his narrative history is enormous—from the drilling of the first well in Pennsylvania through two great world wars to the Iraqi invasion of Kuwait, Operation Desert Storm, and both the Iraq War and current climate change. The definitive work on the subject of oil, The Prize is a book of extraordinary breadth, riveting excitement, and great value—crucial to our understanding of world politics and the economy today—and tomorrow.“

He currently serves as a senior consultant with Diamond Gas International, Mitsubishi Corporation’s LNG marketing and business development subsidiary, and Shinka Management.

https://www.energytodaymag.com.au/empire-appoints-peter-cleary-as-chairman/

Pathway to Carpentaria Pilot Project Production and Revenue

EXPLORATION & APPRAISAL

2021 2022

✓2C Contingent Resource: 575 BCFe

✓2U Prospective Resources: ~48 TCFe

✓Gas Sales & Transportation: APA Group and Power and Water Corporation MoUs Executed ✓Established $15 million credit facility with Macquarie Bank to move to project financing

KEY ACTIVITIES TO CARPENTARIA PILOT PROJECT FID

2023

✓Major Contingent Resource upgrade announced for EP187

✓Carpentaria-2H flow rates: normalised IP30 of 10.5 TJ (9.2 mmscf) per day for an equivalent 3,000m horizontal

development well

✓Carpentaria-4V: intersected the same stacked Velkerri Formation shales as the Carpentaria Project wells thereby opening the Carpenaria East Area

1. Front End Engineering & Design (“FEED”): including engineering, economic modelling etc • Pilot development (up to 25 TJ/d) – over $90m revenue per annum @ $10/GJ

2. Subsurface design planning

3. Execute gas sales and transportation agreements – discussions ongoing with multiple parties

4. Arrange financing for pilot (Macquarie Bank credit facility already in place)

5. Obtain government approvals: NT Petroleum Production Licence over Carpentaria

6. Negotiate Northern Land Council (“NLC”) Production Agreement with Traditional Owners

POST FID

2024

1. Pilot project construction

2025

1. First gas sales

2. Planning to move to full development (200 TJ/d+ to East Coast then >1 PJ / day LNG export via Darwin)

Https://hotcopper.com.au/threads/ann-managing-directors-address-to-agm.7405486/

Https://mybroadband.co.za/news/energy/493575-eskom-plans-to-build-3000mw-gas-power-station-without-its-own-money.html/amp