Member Info for VisitTimor

Picture has Horta at the head of a very large table, the words investing and in the title investmentu (investment) easy to pick out as is ASEAN, the site English option ,not working, and today for some reason my own translator will not deal with it either🙄 Dated 17th.

https://www.independente.tl/en/ji/pr-horta-ho-cci-tl-diskute-dezafiu-ba-investimentu-iha-tl

Good word in that post Trade , AB Confident, something bedroom scruff presenter former ceo , never looked or inspired confidence in shareholders.

Right man, Right time, Right place, Right Deal , Right Winner coming.🤔

AB the real deal, asked for , prayers granted, eventually😉😂

As posted the other day, Shell rated Chuditch across the whole license , Boil only played with 1/3 to 1/2 , as probably going to be bigger than Sunrise, one fully explored , multiple additional leads , like its bandicoot, what the seismic dragged in the edge of on the re run and we labelled Quokka.

Sunrise was originally 3 big boys, Shell , Conoco and Woodside, that's the large project scale , our minnow sits holding 60% of currently.

AB's words reflect that scale, do not rule out anything at this stage, I find the very interesting comment fits with that thought, now the area opening back up , we could have a lot of options, top 3 being

JV with one or more senior players paying the bills, free ride drill/s + to x£m deal, common in the industry

JV with one or more , very large cash payment to boil, retain x% , pay our way

JV Partners (talking INPEX with Woodside level type deal) very large cash payment, retain only royalties x%

Others include, Bank's , AB has previously tapped , Singapore bank for $22m loan for a minnow, sector offtake funding, think at one point TotalEnergies and INPEX , Ichthys giant field, was something like 5-6 Japanese gas supply companies in for small % each originally. Like Osaka City is in Sunrise for 10%.

So indeed AB and his team will be very busy and not want to commit to early, if indeed , as should be the case now, a known unexplored prolific seaway , is back open for business, as posted before, imo the people he often rubs shoulders with , in his role as a VP of Seapex, AB could stun many , with the level of announcement of the final deal.

Contacts galore and options, options ,options 👍

Said for a long time, AB a whole different mind set and level , to those now gone and well forgotten, on the earlier post Jarv , myself and others, have discussed the future and fully expect AB once the dust settles , to change company name and MO, his "we are now a focused Asia GAS company" , was a big clue, those gone had ZERO interest in production. AB , Colin and the rest of the Sundagas team (high profile sector background)

Fully expect the change , perhaps not until the full plan laid out after CH2 drilled (as per the rna options/talks with tl)

Likewise the new AB bod appointment/s , should give a strong hint, Gas co , or remain investment co, imo its Gas co. 🤔

Woodside Q report issued today , Sunrise rates a small mention, plus this link from the 17th

https://www.woodside.com/docs/default-source/media-releases/progress-continues-on-greater-sunrise-development.pdf?sfvrsn=b4babca2_3

https://www.investegate.co.uk/announcement/rns/woodside-energy-group-ltd-npv-di---wds/first-quarter-2024-report/8145922

Still has looking at both options , TL and Australia, the demon duo , only have eyes for one, Meg knows that, Chuditch will be drilled and draining nicely, if she does not give it to them this time.🤔

Timor Gap and another Island company also got contracts for a nice wedge of the platform being dismantled and rebuilt for its new purpose, although ENI statement suggest they won't be needed yet as it does not have (currently) enough capacity for all the Darwin wastes. As said that could be a boost for us, as Chuditch has been spoken of as also hosting carbon capture, another potential bow to AB's negotiations strings. 🤔

later gator..........

Bayu still owned by the old consortium headed by Australia's Santos, TL bought in for a % age

The Bayu-Undan Carbon Capture and Storage (CCS) Project targets the capture of up to 10 Mtpa of CO2 at a Darwin hub - initially from the Darwin LNG facility (DLNG), with potential future expansion to proximal 3rd party. Captured CO2 will be transported to, and stored in, the offshore Bayu-Undan reservoir (in Timor Leste waters).

The Project will require additions and modifications to the DLNG facility, which is proposed as the foundation for a CO2 processing hub, as well as the repurposing of the Bayu-Undan to Darwin Gas Export Pipeline (GEP), the offshore processing facility and the facility wells for reinjection of the processed CO2. Santos is working closely with the Timor-Leste Government towards the necessary agreements and regulatory framework that will be required for the Bayu-Undan CCS Project. A required Australian Industry Participation (AIP) Plan is also in place for the Project and the summary is available at www.industry.gov.au Santos has partnered with the Industry Capability Network NT to assist with Australian vendor identification and raise awareness of the project. To register a general expression of interest please submit in the work packages tab.

Bayu probably not a route for us for Carbon Capture the Santos (Barossa) and ENI (Evans Shoal) long been talked about by the pair as first and co mingled production down the new Barossa - Darwin HUB, to their own currently idle refinery owned by the pair and SK Korea.

ENI only a few days ago announced , rethinking the Evan Shoal plan as Bayu would have to increase its annual take by over another 2.5 million tons per annum, to cater for both fields. And they should have first dibs, its that consortium that owns both Barossa - Darwin and converted Darwin to Bayu wastes pipelines.

No biggie as Boil have spoken of the possibility of part of Chuditch being made a Carbon storage site, we could feed ourselves 😉 and take others wastes, as it appears Bayu overbooked already.

Darwin to Bayu could feed Ichthyus wastes from the left , Betaloo basin from the middle and Barossa+ from the right hand sides of the complex. Leaves a lot of scope for another storage site in TL waters 🤔

Bayu Undan was an Australian license under the JPDA and the owners where Conoco Phillips who built the pipeline to Darwin and until very recently still RENTED it to the current ENI/Santos and SK Korea, now in the middle of being dismantled and converted to a Carbon/Waste storage platform, the old pipe wastes from Darwin and on the platform connections for others and maritime unloading. TL invested in becoming part of the new storage facility , the only thing they had of Bayu was taxation and fees. The refinery belonged to others , passed on and the JV finally took all of it and the Koreans got a 20-25% share of it about 2 years ago.

Conoco, Phillips Petroleum as was originally at Bayu, also proved the concept of going to the Island in the 90's , coming up with an innovative SUSPENSION BRIDGE pipeline across the 2500-3500m deep Timor Trench, said they had 3 ways of doing it but that was the best , suspended below shipping and held by wires and concrete blocks (support diving team required) Phillips shareholders voted NO, on the grounds of high risk and after care costs, not to mention the pipeline would cost 3-4 times that of the one eventually built to Darwin route all shallow waters. 😉

The only other thing that proceeded to development under the JPDA force majure etc was ENI/jv Kitan Oil field , added to TL coffers 2008-2015, everything else froze, TL had zero equity interest in anything back then just territorial rights.

Likewise Timor Gap and ANPM did not exist, AB and his Sundagas team helped develop those and trained the Timorese and still do to this day, Colin Murray principally in recent times but you will still find old articles in TL press with AB in the picture of the events, he had just done a presentation, or some training at.

Sundagas arrived on the Island in 2016 , rewarded with the (zero cost) NON TENDER award of Chuditch for their services and as the showcase for the TL new 18 licenses Bid round.

Back then TL as said had no NOC and no equity in anything, only got into that recently with the introduction of their own Industry 2019 after the borders settled by the international maritime agreement, Timor Sea , Indonesia ,TL and Australia.

Then also gave a $650m loan (on the books to be repaid from first revenues) from the Island wealth fund to Timor Gap to pay off , long time wanting to leave Shell and Conoco 56% of Sunrise.

Prior to that they held zero equity , just the right to say yes/or no to permits and production plans, which then was always NO , as their plan has always been Tasi Mane ALL comes to the Island. Chuditch was also an Australian license back then, hence the leads names , Chuditch , Wombat , Bilby (now chud N an SW) and Bandicoot (what boil picked up on the limited area seismic 2013 Kyranis re run and now call Quokka) shell had more of such leads to the south and south west, they thought all those additional leads Oil OR More gas over LARGE condensate fields.

Anything else you need to kn

Soz GB , not looked in for a while, signed by the two parties , that are to become one, icon and in the style, until that is done, the FCA will not entertain the new enlarged company prospectus. Deal done and then subject to all the paperwork being in order it's the easy bit, last two steps of an IPO, FCA 2-3 Weeks, cleared, then 10 working day process with the Market.

As said before, some RTO's I have been in , they have been granted permission to overlap, lowest being 18 days i've been in.

Long leg is always down to the companies, getting it over the line, which is why without an update, or the more common process of the company announcing the suspension and some details to get the deal done, not Mr Market pulling the plug on ya, we have zero idea, how close or far away that negotiation/final sign off (Legal/Binding stuff) actually is.

As Maj said , why return and go through all the hoops they did, if they did not have a plan to do this and so best guess would be , its been ongoing for some time, all we can do is wait for an update, or on some I have seen a provisional return date on that LSE Exchange (link on here back a few) upcoming issues page first.

Everything crossed its sooner rather than later, shortest one in was about 6 weeks, longest the recently returned what is now Bradda Head Lithium that was a couple of years. Another in currently gcg has been about 6-7 months, only bit of update they have given , proceeding as expected and a Director loan to tide them over😉😂

Been in 50-60 rto's , mostly very profitable on return before the crazy settles but have also had a couple that never did come back, one that took part of Transgas and looked to come back main market vice aim , still say they are trying, the other some big mine takeover silver something or other, just vanished without trace 🙄🤬

All crossed its soon and Brad true to his word , still seeing icon as a minimum value of 10p per share just as the shell. 👍

A year ago in Australia, Ramos-Horta said that Timor-Leste looks to bring the pipeline to its shore as part of the national

strategic goals. When asked about the position of Australia on developing the pipeline and related infrastructure in

Timor-Leste, Australia’s Special Representative on the Greater Sunrise project, Steve Barrack, said that it is a matter for

“the joint venture to determine and Australia does not have a position on this at all.” Timor-Leste will look to partner with China on infrastructure for the Greater Sunrise gas field if it is the only country willing to support this endeavour. This comprehensive strategic partnership with China, nonetheless, raises concerns about Timor-Leste following the footsteps of Solomon Islands, which signed a controversial security agreement with China in 2022.While the details of this agreement are not yet known. This upgraded partnership, thus, should not be viewed as “playing the China card,” but rather as one of the practical solutions to achieve economic development dictated by the situation currently the country faces. Unintendedly, the agreement may have led to stepping on some toes, but it does not mean that Timor-Leste favours China over its close neighbours. On the contrary, this reflects Timor-Leste’s frustration over its inability to develop its own resources due to lack of technical capacity and financial means. Timor-Leste continues to face a dilemma where its vision for economic development is constrained by an inability to move away from dependency on oil resources. While it is understood that an oil-dependent economy is not sustainable, many in the country have believed that oil money is the catalyst to achieve economic diversification. During this make-or-break time, the greatest enemy for Timor-Leste is time. The window is closing for the founding fathers to leave a lasting legacy for development by bringing the Greater Sunrise pipeline to the country, which is framed as a sovereignty issue. The time is now to develop these additional oil and gas resources because the world is moving toward renewable energy resources. For Timor-Leste, the solution for its economic development is bringing pipelines to its shore and it should not be deprived of opportunities to explore options to make that happen. Shoving this agreement into the restrictive framework of geopolitics is not in the best interest of either Australia and Timor-Leste. 👍

Evans and Barossa NOT in TL Waters, so they can do what they want, now ban by the courts overturned and pipeline HUB from Barossa nearing completion to Darwin., ENI and Santos planned to drain both through the new pipe and carbon storage via the old converted to waste Darwin Bayu , Bayu no longer a producer. Main reservoir drained a couple of years ago, 3 wells on offset reserves, extended life into late 2023. 😉

md

probably spot on with that, mr market still not a believer , area sorted moving on and our gas worth a mint, it's why i have long hoped and wished for , tl to publicly back us and our plan, note the tone in the rna extract from earlier, nothing decided on how to proceed after the drill and analysis alongside consultation with the tl parties.

said before they have used us in other studies, while we have talked fpso, ab now matching that with that line in the recent rna, nothing is certain until tl say it is, as far as , permits for monetisation plans.

as also said many times, still hoping they make that statement, yes you can fpso and bring it to the island in 2025/26 for metinaro gas/lng imports facilities for the 3 power stations and domestic security, well before the other project sees the light of day (tenders 2030/31)

likewise they showcased chuditch , not sunrise for the bid round, another dog and pony showcase , for us and their northern project would not come amiss.

that china mou with tl p&i , now also comes into play, will funding for that be part of horta's upcoming visit and deal signature/s, seen the same in other countries and several times in ****stan, minister visit with team , followed by xi and the pres/pm of the country , having a big public signing and photo op, with an obligatory horta speech thrown in , singing his good friend xi and china's praises. 🤔

Disappointing its only taken 2 sessions for the volume to fall back off a cliff

Late comers ? otherwise not good aim 223m and aqse 8m, no volumes and not in the fun zone, lesser spotted FOMOF tomorrow it is then 😉😂🤣😂

On that list , chalk off BHP as Woodside took them out about a year ago, also tried to absorb Santos more recently, talks ended last Month? . Woodside flexing their profits from recent years, also did the U ee on TL processing, MOU with Japan Bank/INPEX so could be we are also in their view. 🤔

Think you set him straight before Meadow, think was the one looking for other links a week or two ago, as did not believe me about some and aqse stats, as posted from this site and its link BOIL.GB.PL , turned out someone else had to provide aqse web details , as mine out of date, been a complete aqse website change and my old front page easy entry no longer existed. Eye off the ball😂🤣😂

Trading Tuesday 1400m , Wednesday 400m

Thursday tailing off to old levels aimx 220m and aqse 8m

Friday FOMOF , or back to waiting for news snooze fest😲🙄

Trade back to your earlier post, that is the long hope , TL has had and said so many times, want the Major's back , those with deep pockets that can fast track FFD , said so in all the conferences , since they kicked off their own industry 2019

Even named us , advance and carnarthen (oz listed) , as not what they want more of, they want the big boys back.

So your earlier post , on the money, huge license, demands the big players Major/Tier1 for the long term FFD, for our Chuditch and the equally idle Kelp (also 1998 Mobil 10.5-14 tcf they gave it) reference material only quotes Mobil but presume that was Exxon Mobil, likewise a lot of the old stuff quotes Phillips Petroleum, which became Conoco Phillips

Area was littered with them, then it all ground to a halt, prior to that, in the TL area of the Timor Sea under the JPDA

Joint Petroleum Disputed Area, you had

Shell , Mobil , Phillips, BHP , Nexen , Woodside , Inpex , ENI ,Santos and a host of other less Major players.

Its opening up and they all know what is on offer 😲🤑🤑🤑🤑

It will , just needs Mr Market to wake up and read all the news

https://as2.ftcdn.net/v2/jpg/01/34/58/07/1000_F_134580747_XsWPGfGYU4l1LYfnufVE94qGvoDwXEIu.jpg

I have posted that many times, its all true , you just have to google , look at TL Gov web etc, Timor Gap web and others its all out there, as is all the latest moves by China , Indonesia and others, resources one thing, a way to monetise has been the missing link for decades, that's all changing , those values will find their way to Boil and return to Woodside (Sunrise on its books 0.00c for its 34%) once hundreds of millions, marked down year on year , the last one being a few years ago from $178m to ZERO.

Chuditch is a huge license 3,571 sq km, which boil has only scratched the surface of, its only going to grow , in GIIP , Reserves , other leads Quokka eg, the ones Shell in the 90's thought either Oil or even more gas over large condensate fields .

Now TL and it's infrastructure issues back in play, so is all the stranded and left behind oil and gas ( mostly) , those sorts of values will be recognised , one day Rodney , next year etc etc.

It's a massive project , which will attract , big players and long term FFD developers (26-28 wells like shell plan for sun by FLNG) Talking $50-$100 Billion to the developers over 30 year life cycle.

It will come with that progress both on and off the fields 🤔👍