Member Info for VisitTimor

Last two meetings..........

Newly signed pacts between China and Timor-Leste amount to a comprehensive strategic partnership and fulfil the young island nation’s aim of strengthening ties with major economies, reports Reuters.

According to the Chinese foreign ministry, President Xi Jinping and Timorese Prime Minister Xanana Gusmão met over the weekend in Hangzhou, China, ahead of the opening ceremony of the Asian Games. Agreements signed between the two cover an expansion of bilateral investment, potential joint exploration for OIL and GAS

The two will also be cooperating in economic areas such as food sufficiency, industrial revitalisation and Beijing’s signature Belt and Road initiative. The oil and gas agreement comes at a particularly welcome time for Timor-Leste, since the Bayu Undan oil and gas field, the main source of revenue for the country, stopped producing gas last year.

Timorese Foreign Minister Bendito dos Santos Freitas met with his Chinese counterpart, Wang Yi, during an official visit to China last week, the Lusa news agency reports. China “made a commitment” to support economic development in the island nation, with special emphasis on the infrastructural, agricultural and industrial sectors

Timor-Leste signed onto the Belt and Road Initiative (BRI), China’s premiere foreign policy programme, in 2022, and a year later the two countries made “a historic leap forward” in bilateral relations by elevating their ties to a comprehensive strategic partnership. Freitas said his country looked forward to working with China to enhance high level exchanges and promote more projects under the BRI.

With Chinese Ministry reporting

Noting that China will always be a member of the developing world, Wang said its development will provide support and opportunities for all developing countries, including Timor-Leste. China is ready to establish an agricultural cooperation working group with Timor-Leste, deepen sub-national exchanges, participate in infrastructure CONSTRUCTION in Timor-Leste👍

Our past TR1's were mostly from mass pi spreads on IG , like ROB, who was honest enough to call them

Most definitely Jarv, Yeo ho ho and co , needed two to keep shifting all the p&d confetti placings, if plan indeed to fund via non equity, do not need the second one for at least a year. Hopefully full stop.

Especially if as some of us suspect, the game has changed under AB and staying for revenues moving forward vice old Yeo ho ho's lack of vision, sell all pre drill or jv drill and sell the rest.

Stats strongly suggest, Chuditch CH1 area GIIP and the additional leads on the wider license, only going to keep growing 🤑🤑🤑

As in the recent RNA Message :-

However, no decisions on FUTURE CONCEPT SELECTION can be taken until the Chuditch-2 appraisal drilling results have been evaluated. With TL Parties.

We stay , we go , new senior partner/operator in play, we FPSO , FLNG or pipe, to Metinaro early doors, Beaco later FFD

Still lots of positive bump's in the road, before all revealed Q1 2025🤔

Until AB says otherwise, revenues not a consideration, Boil is an investor in assets company , not an oil and gas company, the gone and absolutely forgotten BOD, had ZERO interest in going to production (Multiple presentations/podcasts)

AB , Colin and his Sundagas team ARE oil and gas people, our first big clue should come shortly with WHO is announced as the new additIon/s to the Boil BOD.

Their CV history , which always comes with new appointments, should give that subject a hint to this board. 🤔

AB, stated recently , we are now an Asia focused GAS company, oozes of name change and change to company profile.👍

Still only seeing well heeled PI trades, Rob our long time resident IG Spread better , use to call his £40 to £60k trades out to the board, ahead of their arrival. Last major move , we had many £75k - 100k+ and a whopping high of £364k.

Guess when they finally figure out AB is going to make it happen, those BIG trades will return with perhaps even our first real ii TR1 (IG don't count not an II ) 🤔

Still low volumes but as you say , now picking up a little , was creeping early doors.🙄

aimx 161m and aqse 8m

shares in issue 25510m, its a drop in the ocean but floods start with a few raindrops😉😂

Monies held as security for the bank guarantee in Timor-Leste, would have to check back but that is 1m for the original and if I recall another 1m was placed in security for the extension (so 1-2m back up in that)🤔

The only thing silly around this board the past two days , is the silly putty between your ears Moamm. 🤡

In this interview, Dr Andy Butler discusses baron's updated financial strategy, emphasising the goal of securing project-level funding without diluting equity at the plc level.

16th February RNA

Placing and Subscription and the WRAP Retail Offer have raised gross proceeds of approximately £3.26 million for the Company.

8th February RNA

As part of the Farm-Up arrangements, TIMOR GAP will make a cash payment to SundaGas of c.US$1 million to cover back costs within 30 days.

25th Sept RNA

Available cash (excluding monies held as security for the bank guarantee in Timor-Leste) as at 30 June 2023 was £4,619,000

RNA 30th Nov 2023

Gas Development Options

The Company continues to evaluate all potential options for gas export from the Chuditch field in order to be able to fast

track the concept selection processes anticipated following a successful Chuditch-2 appraisal well. However, no decisions on FUTURE CONCEPT SELECTION can be taken until the Chuditch-2 appraisal drilling results have been

evaluated, and in full

collaboration with TIMOR GAP as joint venture partner in the Chuditch PSC, ANP and the Ministry of Petroleum and Mineral Resources of the Government of Timor-Leste.

So let that collaboration be , hey AB you got the gas, YES, ok can we have it for Metinaro, YES , But only if excess production can be sold on the world market , at the right price,, ahhhhhhhh okay dokey as its you AB We AGREE

If only Carlsberg did .......... 🤔

Https://media2.giphy.com/media/v1.Y2lkPTc5MGI3NjExMTl3b2t3N3ozOTh6am9qa3Q0ZzFoMnRlbDgwdDlqZnJjNGgxbmw1biZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/RWKMEt94u6UxO/giphy.gif

Before the massive knobhead picks on the links not being real, from this RNA Message 27th March

https://www.lse.co.uk/rns/BOIL/update-on-chuditch-psc-operations-and-ir-materials-c142zcnilhrxgwf.html

he's a deaf dumb and blind moamm of the first order ,he obviously can not read or hear, all he has to do is listen to ab's recent interviews and read the latest rna messages sitting on the rns/other news wires like

ceo interview

dr andy butler, baron's ceo, has given a video interview on the ************* platform which is available at https://www.***************************/baron-oil-ceo-discusses-strategic-vision-and-growth-plans-for-chuditch-gas-project-video/4121149240. in this interview, dr andy butler discusses baron's updated financial strategy, emphasising the goal of securing project-level funding without diluting equity at the plc level.

he's just low life , flat fore headed pollution to the board, caught him on camera

https://media2.giphy.com/media/v1.y2lkptc5mgi3njexmtl3b2t3n3ozoth6am9qa3q0zzfomnrlbdgwddlqznjjnggxbmw1bizlcd12mv9pbnrlcm5hbf9nawzfynlfawqmy3q9zw/rwkmet94u6uxo/giphy.gif

All the worlds markets print only TRADES, no labels, as they view all TRADES to be both a buy and a sell

e.g. you via dma/broker the buyer from a market floor trader/mm the seller etc

Long ago offered the simple tech fix to supply real data at source, declined choosing TRADITION over tech. Nearest you get is the Canadian CSE market , it labels Trades with the two brokers involved, some give a little extra, with the name of an II/Fund and a broker. 😉

Buy/Sell/Unknown are nothing to do with the MM/Market, they label NOTHING ! You see any label ,its just 3rd party sites like this one , trying to be helpful and failing miserably on most shares daily. All use the same ultra basic Dimbo Algo, with nothing but a BEST GUESS on every TRADE rehashed from the real LSE Exchange.

No games, hocus pocus , black trades of other ⚽⚾⚽🏀🔐🔏🔓🔒🔒's just their algo having a bad day at the office which is the norm, bad labels in both directions on all shares daily.

Algo based on what it sees as MID price and Range and for sure does not keep up with rapid changes and movements, remains as happy as a pick in 💩 so long as the trades continue inside its range.

All above = BUY

All below = SELL

Never the case in either, everything else it chokes on , exactly on mid, delayed trades (not black) and anything it now sees as outside of ITS range = UNKNOWN.

As simple and tragic as that, in this modern tech world. 😲😲🙄

Near term Catalysts coming

Internal

Non Equity drill finance (bank/sector II)

JV Farm in, may or may not remove above, free ride for x%

One of above and provisional rigs slot FIRMED UP

AB's new Boil BOD

External

TL FID the Metinaro PIT gas/lng Imports and 90-120 day tank farm , for domestic security - feed 3 power stations.

China BRI , reveal the extent of the new LEVEL 2 infrastructure CONSTRUCTION support

China , Xi said now to be involved in TL Oil and Gas sector. Is CNOOC coming

Woodside/INPEX Japan MOU - make a move

ENI/Santos/sk Korea JV - make a move

By the time we drill

JV Agreement - Sunrise HUB pipeline Beaco multi string Gas/LNG multi refineries Complex to be built.

take it away

https://youtu.be/vjD3EVC1-zU

Bit slow on the copy and paste today Trade, posted that 07:46 this morning 😉😂🤣😂

This is the project , imo Timor Leste should have Chuditch front and centre for , with approval (a first) for our FPSO plan

PIT (pm Rauk 3 power stations converted to gas/lng fed via PIT all done by 2025/26) Chuditch spud 2024.

Rauk's reason's , provide stable electricity for all ASAP, stripping the PIT away from the original all at Beaco Tasi plan.

target 2025/26, the other project last tenders by 2030/31

PIT and Chuditch initial 1-2 wells plan, made for each other. 👍

https://www.timorgap.com/our-business/downstream/downstream-projects/

https://www.timorgap.com/wp-content/uploads/2022/12/Intend-to-Award_TGDBUIFB022006-Metinaro-Site-Survey-Campaign.pdf

https://www.timorgap.com/wp-content/uploads/2022/12/ITA-FS-FEED-for-PIT-Project.pdf

Those studies completed last September, data handed over to Timor Gap and partners, FEED commenced October

FID final investment decision in Feb 2023 was announced as to be by , the end of 2023 or at the latest IN Q1 2024.

(Expired)

Two weeks ago , Minister and his team to China for a 4 day working visit, at the end of which , the Chinese Ministry announced , raising TL from 1 to BRI level 2 and will be involved in TL Infrastructure CONSTRUCTION. Head man of China Gas has already visited the Island with a team.

TL Ministry of strategic Planning and INFRASTRUCTURE has and MOU with the Chinese Ministry of Overseas Development, P&I Oversea , Northern project (PIT ) and the Southern Project (Tasi Mane/Beaco)

FID due , our JV/Spud due , what else do they have developed that includes their own gas, they don't 😉😲🤑🤑🤑

The demon duo , need it to happen and quickly , another report today THEIR PEOPLE ARE STARVING.

https://www.wfp.org/news/timor-leste-facing-high-food-insecurity-latest-report-warns

That could come as a single RNA Message update over rns news, if AB can catch us a whale, which I think he will, Mr Market will wake tfu, to the fact it is really happening. Likewise if he does get a whale , like Exxon Mobil (kelp left behind) or Shell (balls back Chud/Sun left behind) or INPEX (cheer up our FilthyL) It will go ballistic.

Additionally , if that turns out to be the case , fully expect that whale, to want to take both control and operator status for the field. Which in many cases includes the minnow getting large cash and the whale paying for a 1 - 3 well program, free carry for us up to x$'s, the whale paying the bills, as non equity , non dilutive as it comes.

👀👁👁👀👁‍🗨👁‍🗨🤪😜🙄 on that news flow and level of farm out, fallback lesser partner and AB get's a large bank loan from a Singapore Bank/Other as he has in the past, something can only ever be a max of 100% but a million % confident AB will strike us a far better deal , than Yeo ho ho and co ever could.😋👍

The departed deadbeats, could not even raise the price of placings, on the back of progress, bucket shop p&d wonga's on self interest/speed dial , lazy f's😲🙄