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That is a big fat NO, what is said on any bulletin board , has zero bearing on what games are played by bigger fish in the background. anyone who thinks otherwise, should immediately check themselves into , no pun intended Rampton Hospital (NHS Nottingham) as clearly deluded.... 😉😂

Yes, not a clue about how Horizontals work, half a mile to 3 miles exposure to the reservoir not a few feet vertical as in these tests, even at the conservative 6-12 times top end 1440 , half a mile Horizontal is 2,640 feet alone. Not 120ft-240ft (6-12) times the first 20 ft test zone.

Give you this, years ago in one , drilled into the Texas Eagle Ford , original data came up a carp 6ft of pay, all of us thinking its a duster f n 6 poxy ft, they put a directional Horizontal lateral through it and it flowed 2400 bopd, to say shocked an understatement.

Was in a North Sea 600ft pay , they could not flow more than a thimble full, extra heavy oil, you never know until they flow and in 88e case, its huge Horizontals , not limited verticals that will be the measure of success.

That Eagle Ford well, was butterfly shaped, the vertical in the narrow body, the lateral through the huge spread wing, that was placed just above the floor level with the wider sections of 60-80ft above it feeding it with both high pressure and volumes.

One in Colorado recently stunned the company involved, the Horizontal gushing 8,500 bopd , its area other wells commonly had 2500-4000, so as said you just never know, until that Horizontal in the game.🤔 GLALTH

Reservoir OIIP and Volumes/reserves , highly likely to be raised after that first H drill.

Just have to wait and see what if any , close, pme , or completion trades land later, dog of the decade ukog stalled for days after declaring its Horsehill a discovery, plink plink fizzle , then exploded to almost kiss 12p.

French Major Maurel Prom bought over £6m squids worth on the open market over 3 days, when the trades printed , each 3 days late , after the crazy in full flow, the 3 trades 1.8 , 2.1 and 2.4 million all at around 20% premiums to the highest price listed available each of those days.

The prices slapped and squeezed to get sellers to fill those orders, maybe the reaction so far, is a US player doing the same here, will only find out, if extra large trades and/or TR1 drops in to say hello

It's been moving up from the 0.05p range for 3 years , dilution rinse repeat 😂🤣😂 the only reason its so low again is the total incompetence of the previous BOD , with zero get up and go and Bucket shop pump and dump from higher wonga's (not real II's) on speed dial. The latest as a poster said earlier today or yesterday , a kick in the nuts and head for all holders again.

Our gas never deemed to have a home to go to, that about to change (China infrastructure deals / Inpex poss/oz) so never credited with any real value, or expectation by the Market to get a permission slip, to take it wherever and monetise.

So its been spikes and zero journey for 4 years, again about to change and 0.10p does not scratch the surface, 0.20p by MC high of £49.8m , is still to low a baseline, now both drilling and facilities , TL will approve of , about to happen. 👍

Recent sales of similar sized projects have been over $1 billion, with production lives in the 30 year $80-$100b range.

Most have involved JV's of 2 and 3 Major/Tier1 players.

The size and scope of Chuditch potential has been known for over 25 years, the ducks line up and many will be sitting on the side lines , with jaws around ankles, like others I have been in

RKH Sealion 500mb (chuditch 600-1000+ boe with upside) rkh 5p to £5.72p for e.g. other sectors miner wrn 3.25p to £3.30p in 3 sessions , covid darling NYCT 6p to £12.50p

Even Yeo ho ho and co had Chuditch worth 1.7p to 3.7p (full pence) subject to operational conditions, with the latest dilution , that is still high 1p to 2p range, with plenty of expected GIIP , reserves , condensate increases expected as the whole license developed.

In AB we trust , non equity finance , asset dev/sale , all will add value, once the wheels of the mega value Chuditch train start to roll, it could quickly explode to much higher trading range/s, without dilution and non equity funds/JV partners paying the bills. 😲🤑

AIMX 393m with AQSE 13m , record day combined 6000m , which would now since dilution need 8000m to be beaten, says it all LOOOOOOOOOOOOOOOOOOOW volumes do not move shares, for other than traders, skimmers and scalpers. 🙄

Baron 25,501,000,000 In issue , has long moved on Billion/s trading days, with the AQSE always heavily involved, its record day 1500m+ on its own.

AQSE ZERO shares to 1 or 2% flat or low % change

5-10% of AIM volumes - A good day

15-25% and hold on to your hat, big blue and breakout days.

Nuff said.......... keep making baseless GUESSES, they will remain wrong , until REAL Volumes or REAL News, as it always has been on Boil, be it when we had only 2b in issue or now 25.5b🙄........ GLALTH.

Many here happy to wait for 10 bags , not an ickle piddly 0.10p yet again and again. 🤑

As filthy said , fingers crossed they or someone similar , next into Timor Leste waters, still China to declare itself, the full extent of ONSHORE infrastructure and likewise Xi's comment get involved in the TL Oil and Gas sector , plus the head man of China gas and his teams visit to TL. Even without them plenty starting to queue up, with reports of increasing production and assets in the Timor Sea region (Indonesia/TL/Australian waters)

TL being the undeveloped meat in a prolific sandwich either side of it since the 1970's

Inpex operations around oz, include with ENI and TotalEnergies, also available to Woodside per their Japan MOU

ENI/Santos/Korea SK JV's and refinery at Darwin, new Barossa Hub, according to ENI , not sufficient to put both Barossa and Evans Shoal full tilt together due to carbon capture issues (Bayu insufficient capacity)

many others in the mix, including Shell who did run Sunrise and Chuditch

Kitan was providing revenues alongside Bayu , 2008-2015 until depleted , leaving Bayu their 95% of Island revenues.

In 2019, they said Bayu would be depleted also by 2022 and embarked on a 3 drill program to target offset reserves, main reservoir was as expected depleted 2022 and the reserves came in at better than expected, to extend another couple of years.

Hence the desperation to get back up and running and get new revenues. 🤔

ENI also part of the last of those offshore oil fields drained Kitan

The Kitan field, Eni is the operator with a 40% interest, while its joint venture partners Inpex has 35% and Repsol subsidiary Talisman Resources has 25%.

ENI and Santos never left like the others, they stayed and Cherry picked area's R -Wider BAYU and area P , when no one interested in the bid round , 18 licenses 9 bids 2 1/2 years (Nigeria same period 1,600+ on 58 licenses) .

Took their sweet time to sign the psc over a year later than scheduled, still not seen Santos sign off R, both had Bayu but developed nothing else , over those 2 decades, now making plans , can only be they know the long awaited changes are now IMMINENT.

Cherry picked as on trend with others in Indonesian and OZ Timor Sea waters, plus own area R , known discovery bayu

to its near North East , the gigantic and idle Kelp (exxon) Mobil put a label of 10.5 - 14.5 TCF on it, drilling their discovery same time as Shell drilled Chuditch 1998, likewise Sun and us and that Industry theory area P the Kitchen.

Their locations and COS, exceptionally high for new discoveries. Likewise many small undeveloped discoveries (oil) sit behind Bayu to the North and East in TL Waters , ENI and INPEX still hold a couple.🤔

Which is pocket change for Majors and senior NOC's, cove to Thailand NOC after an initial bid from Shell , went for $1.25 Billion for a similar sized asset to Sunrise (5tcf) that payoff for 56% sunrise $650m = $1 .16b at 100% (lower gas price then) 🤑

Whatever the outcome, now far tooooooooooo many moving parts, for AB not to secure a top notch partner, looking for that potential $40+ billion to wider license $100 billion Chuditch could be worth over a 30 year life span , like Sunrise ffd plan by Shell was 26-28 wellheads FLNG, Shell mapping full license , they said Chuditch on development , probably bigger than sunrise.

TL Ambassador in London after the two Andy's visit and presentation, made a statement , Chuditch as current Boil parameters , worth over $10 billion to TL, at the time Timor Gap NOC, still only had 25%, then came the farm up to 40%

Big players , big bucks at stake, as said before Sunrise was 3 Majors plus Osaka city offtake, no reason if the path to monetise is now back in play, AB could not get multiple seniors wanting a piece of the pie, or a Godfather offer for them to take the whole 60%

56% of Sunrise moved on in 2020 for $650m pre gas price boom, would hope a Godfather offer for our 60% plus Shell history and much known upside, would have to be in a similar range, to be acceptable to AB and his team. 🤔

Darwin is MAXED out, still think that is what brought Meg back to the table and a U turn on TL processing , only 3 days after a gazillionth JV meeting she and Osaka said the usual big fat NO to.

ENI reported a few days ago rethinking Evans Shoal (close to Barossa) they and Santos have work with JV arrangement throughout the area, ENI and Santos long talked about the new Barossa HUB and pipeline to Darwin feeding both fields, ENI now saying for the Carbon side , Bayu would not have the capacity for both, would need another added over 2.5 mtpa , over its current designated annual deposits.

Darwin , OZ gov gave the go ahead for the 3rd complex at Darwin , or the Mid port as its known, it is to be fed by the ONSHORE Betaloo Basin fields, ENI/Santos/SK Korea refinery to the right of that, on the left the Ichthys fields pipeline led by INPEX/TotalEnergies and a lot of Japanese domestic and city offtake companies, they also announced recently they are on an increase production (a lot ) program in the coming years.

Thinking all that breaking news , got Meg's knickers in a twist , as now it would seem no room at the Dar w in and Bayu carbon site maxed out.

She now needs TL complex as much as they do, in that part of the Timor Sea region, also as Baron have also previously spoken of Chuditch's potential for carbon storage, she could also now have eyes on us and TL's previously reported 2021 studies , using Sunrise/Kelp/Chuditch together in a coordinated development for all 3 to supply the multi strings of the onshore Gas/LNG refineries from opening. 🤔

Shell placed a COS of 100% on all future Chuditch drills after the CH1 discovery well, before its attempt to go FLNG with Sunrise and presume Chuditch, with 3 being built at the time FLNG ships at a Korean shipyard, then that plan went sideways, finances so good, Woodside who had already built their facilities in Darwin, backed Shells plan as option No1

then it all went sideways again, prompting their departure , many years later on PF loan to Timor Gap.

They had their own seismic of the entire license, probably also aware of the much thicker reservoir beyond the ch1 location, CH2 expected to be 3-5 times thicker, so got to figure a Super Major like Shell know what they are talking about when they give it 100%

Lot of fields through that region range 17-30% carbon, the objections to Barossa really stepped up , when they reported one of their batches test samples being being very high , some over 50%

Given , it has long been a theory that area P, link between the Chuditch and Sunrise licenses, is the host of the Hydrocarbon Kitchen that feeds them both, Sunrise within good range on testing , would say so will Chuditch. 🤔

As a guide to the real value of Chuditch, that should be on the books (given no value since day 1 due to history) have mentioned the marking down year on year by Woodside until on its books/remains $0.00c 34% 5 tcf.

It was pre gas price boom, the final reduction was in 2020 from $178m / £142.6m to ZERO 34% of 5 tcf

Balance that against, current gas prices and Barons 60% of partial license catch up of 3.5 tcf plus Quokka or Shell old full license over 5 tcf plus multiple leads upside (one of those edge caught on seismic rerun by Boil is now Quokka)

Quokka and others beyond, Shell though either Oil or more gas over LARGE condensate fields. A similar configuration to Greater Sunrise , Sunrise Gas and Troubadour condensate fields (est 220-230mb)

So, any good news for Sunrise and Woodside revaluation, is also good for us, as how could the market justify our continued NOTHING value , if the house next door goes back to hundreds of millions, the other 56% of Sunrise was offloaded by Shell and Conoco for $650m in 2019.

Day value factored back in , its mega KAAAAAAAAAABOOOOOOOOOOOOOOOM from this underwater basement. 🤔

Lao'hamutuk local NGO , its most current entry on Chuditch

According to a media report, Baron is considering a floating LNG plant for the field. Chuditch optimism increased in November 2023, reinforced by an Operational Planning Update from the company. Baron subsidiary SundaGas asked for Expressions of Interest for their offshore drilling operations, expected to begin in the last quarter of 2024. In early December, the ANP granted another six-month extension of "year two" until 18 June 2024. In mid-December 2023, SundaGas signed an MOU with TimorGAP, which will increase TG's share of the project from 25% to 40%. TimorGAP will now be responsible for 20% of all costs, and TG's obligation during 2024 is estimated at $7.5 million, in addition to $1 million for "back costs." The farm-up agreement was signed on 24 January 2024 and approved by the ANP the following week. Baron Oil is proceeding with a site survey. In February 2024, Baron Oil issued new shares to raise money for the Chuditch test well. The following month, CEO Andy Yeo and another director resigned from Baron's board. Yeo was replaced by Andy Butler, who had been director for Asia-Pacific.

Year 2 now in its 3rd year, AB and his team , built the local industry, nothing is ever 100% certain in this sector BUT if anyone can break the mould and get that first ever YES for another option, than G/H wait for onshore facilities, its has got to be AB.

Still see the timelines for Chuditch and the Domestic security plan being joined at the hip. Part of the SDP 2011-2030, that plan is happening, China built the grid under BRI level 1 involvement, local companies a couple of weeks ago given $148 million to extend coverage to the entire country.

Next step, convert the 3 Island power stations to Gas/LNG, for cheaper stable supply fed by Petroleum Import Terminal, the PIT/Metinaro FID was set as by end of 2023 or IN Q1 2024 Latest (well its late/imminent)

China last week raised TL from BRI level 1 to level 2 and committed to involvement in TL Infrastructure CONSTRUCTION,

was this the hold up to PIT FID, confirmation of funding of those large scale infrastructure projects , held by TL SP&I 🤔

China MOU Ministry of overseas development with TL Ministry of Strategic Planning and Infrastructure, under which both the Northern Project (Metinaro/PIT Energy) and the Southern Project (Betano/Beaco (Natarbora) reside. 🤔

Massive local (facilities/monetisation) news pending, not just our drill finance/JV , long before that provisional spud around the 20th December/Q4

📰👀👁👁👀👁‍🗨👁‍🗨😜🤪🙄

Still do not know if the plan has changed , await AB's wise words on the future, the plan was always under Yeo ho ho and co to SELL or JV and sell after the drill, as posted previously, AB might have a different view on sticking around for production.

Unless he gets a Godfather offer, from a returning Major/s. 🤔

In the 90's Conoco Phillips did studies to take Bayu Undan to the same area , Natarbora near Betano Oil refinery and power station. Conoco came up with several solutions back then, opted for a suspension bridge pipeline but it was shot down on the grounds of risk/cost/aftercare by its shareholders. Modern materials , should make it a lot easier, which ever path they finally decide on. 🤔

Would that not be the most bizarre ending, to the Gusmao original Tasi Mane dream , all originally co-located at Beaco

All imports and export facilities together. PM Rauk stripped the Imports PIT to Metinaro (FID overdue) and Exports side it appears , serious consideration now for Natarbora, placing oil and gas refineries close to each other.

Or will another twist in the tale occur, with the PIT also put back with the other facilities ? Natarbora would be good for us, less than half the distance in shipping costs, versus sailing around the Island to Northern Metinaro.

China involvement coming , last weeks commitment to Fund Infrastructure CONSTRUCTION, all will be revealed very soon, still hoping , its Metinaro with Chuditch front and centre to supply (tenders 2025/26) long before which ever of the other two become a reality (tenders 2030/31) 👍🤑

The IX government, headed by former Prime Minister Xanana Gusmão has replaced the petroleum sector leadership, and former TimorGAP President Francisco Monteiro is now Minister for Petroleum and Mineral Resources. They have accelerated talks with Australia and Woodside, hoping to bring the Sunrise gas pipeline to Natarbora (having shifted the site of the proposed LNG plant from Beaçu). The Joint Venture has agreed to conduct further studies, as described in a series of articles and the search for a contractor. Discussions between the two governments are continuing.

Last entry by the local NGO Lao'hamutuk, suggests JV have decided on the alternate site Natarbora

If per the TL Studies 2021 , Kelp, Chuditch and Sunrise all to be coordinated development to Beaco (alt Natarbora) that would be a straight North line for Chuditch to Natarbora passing Kelp on the way.

TL announced those studies , when we had said going to FLNG, TL still hold he final decision and that YES permission slip.

For Sunrise, that route, would be an easier transition , down into - along - up over the up to 3500 deep Timor Trench, the go to high risk, going straight across the trench, excuse many times in the past.

Price of oil never has any bearing on Juniors, until they move towards production, if JA can get it over the line this time after 4 years of drilling soon, it will be just about perfect timing.

Two guys in the states back about 15 years ago , got shot down by all , when they claimed Oil heading for a Super Cycle, targeting $150-$200 a barrel, a couple of years later , the rest all eating crow, still rising with Brent at $166 when World events cut it off and Oil nose dived to a low of $17, settling for some time in the 20's.

In 2022 those same guys , at it again saying another $150-$200 Super Cycle on its way, the poo was rangebound at the time $40-$45 they had end of year target of $80-$100 , Goldman Sachs lead the charge of they are talking ⚽⚾⚽🏀🔐🔏🔓🔒's and said their forecast for year end $55, by the end of the year , Goldman had issued 3 updates to it year end and $85.

Based on their previous prediction and the new, they have that oil peak Super Cycle prices 2025-27 Tower and other's nearing drill/production, could be in for a bonus windfall, with sustained high poo period just around the corner, poo already pretty dam good for profits, super cycle for 2-3 years could more than double potential profits.

If they are indeed ahead of Goldman etc , once more. 😲🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑

From a Horta in exile speech (shocker) in 1999

More confident than others in the Timorese resistance that the war with Indonesia is essentially won. That is Horta the diplomat speaking. But Horta the activist stresses "a lot of dangers and risks" from Indonesian , Horta the scholar is already thinking of a prosperous future for an independent East Timor "rich in natural resources". He wants to see a "compassion policy" of development for a transitional 10 years applied to a society traumatised by violence and corruption. And he takes some credit that the accord has since become the business of the UN Security Council, after "we outmanoeuvred the Indonesians". He was "pleasantly surprised" that the UN Secretary-General, Mr Kofi Annan, took his advice to put the historic agreement before the council The question of Dr Horta's return to his homeland, after nearly 24 years, is fraught with danger to his life. "In spite of the risks I feel a responsibility to go." But he will go home only when the imprisoned rebel leader Xanana Gusmao is released, free to make a triumphant return to a welcoming party of perhaps 200,000 Timorese. (as said Guzzy God like status on TL)

Took a big longer than he and his BFF hoped, about to silence the kids in the back, crying are we there yet. (very young

population)

First time I have been highly confident in Baron's project coming to fruition, facilities and monetisation finally in play.

The piece of the puzzle the industry have waited for for two decades. Should now be queuing up, for pieces of the TL Pie (2 Hundred Billion + 3 known fields alone) , suspect Great news from AB coming very soon.🤔🤑