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Chuditch could supply around 300 million cubic feet per day of feedgas into a 2 million t/y FLNG vessel by 2030, with carbon dioxide (CO2) stored through carbon capture and storage (CCS), noted Howson. "We understand Chuditch's gas contains around 18% CO2 and the CO2 will either be injected into the Chuditch reservoir as CCS, or exported to Bayu Undan CCS," he added. Welligence expects Asian LNG prices to exceed US$9/MMbtu in 2030, which, supported by Chuditch's location close to several LNG-importing markets, incentivises the development. Regardless of the development route taken, the end goal remains the same—the lucrative Asian LNG markets. "So, teaming up with investors who have expertise in FLNG developments makes the most sense for potential joint venture partners. The Asian LNG buyers tend to pick up equity near FID when a project is more concrete," Krishan Pal Birda, product manager Australasia Oil & Gas Solutions at Rystad Energy, told Energy News. "The other challenge is the 18% CO2 content in the reservoir which the operator plans to either reinject or export to the planned Bayu-Undan CCS. Adding this cost of carbon abatement to FLNG's cost and complexity could potentially challenge the economics of the project if the resource is not big enough. So, we'll have a lot more clarity on this after the appraisal drilling," said Birda.

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Low risk investment?

Some of the geological risk should be reduced as Baron's proposed drilling is an appraisal of a discovered resource, Angus Rodger, a senior upstream analyst at research company Wood Mackenzie told Energy News. "If the well is drilled, it will also flow-test the reservoir - which didn't happen with the original discovery -which will give us a greater understanding of the field's commerciality. However, one risk will be CO2 content though, as high levels of contaminants will be problematic," added Rodger. "This is a large equity stake and capital exposure for a small-cap explorer, and so it

will likely want to dilute that stake and bring in farm-in partners to defray costs," noted Rodger. "The good news is that because this is an appraisal of a discovered resource, potential partners will not feel like they are being exposed to frontier exploration risk. Plus, there is still healthy levels of appetite for exploration in the region - recent licensing and drilling success stories in nearby Indonesia and Malaysia is testament to that," he said. However, the key here is the value creation narrative. "Most modern oil and gas exploration is laser-focusedon finding resources that can be brought to market within a short timeframe to enhance returns. Asia-Pacific has many large, stranded gas resources, including Chuditch, that have struggled to find commercial routes to market for many decades. Greenfield development in a frontier area like East Timor will take time, therefore any fast-track commercial solutions that could bring this gas on relatively quickly, such as utilising existing infrastructure, will create a more attractive investment thesis," cautioned Rodger.

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exciting opportunity attracts lng investors off east timor baron oil is seeking investors to back a relatively low-risk appraisal drilling campaign at the chuditch gas field offshore east timor. possible suitors include eni, inpex, santos,

petronas, and even chinese national oil companies (nocs), for the potential lng project.

peter ****roft, an oil and gas expert, that has advised east timor, also known as timor leste, for decades, told energy news that "chuditch would be a very important project if it works and there should be more focus on it. "if successful, it could improve the economics for the whole of timor leste, in terms of national revenues and improving the economics for the development of greater sunrise." "chuditch could move quickly if successfully appraised. if chuditch expands and gets bigger, a pipeline could be laid connecting it to the undeveloped greater sunrise fields operated by woodside energy, whichenhances the economics" added ****roft. the timorese aspire to develop the greater sunrise field, to the north of chuditch, via a greenfield lng export facility onshore east timor. however, there are some complexities around that, in terms of getting the gas to the island of timor due to the deep water between the fields and the coastline. the operator of greater sunrise, woodside energy, has long claimed the economics do not stack up to develop the fields onshore east timor. however, if more gas is discovered in the vicinity of the greater sunrise, then the economics could be improved.

No biggie ED, said long ago , I only post here , do not do twitter or the rest anymore , so have at it , spread the good word to all and sundry 😂🤣😂

But your right , those days have long gone, back in the day , scientists thought our Sun was the centre of the Universe, now we have half the planet , that thinks they are the centre of the universe and all revolves around them 😂🤣😂

Reality TV , what a fcuk ed up bunch of role models that brings, for them to aspire to be , paid loads to be laughed at and do not have two to rub together to realise it, no wonder half the world is grey cell limited, with a, I thunk therefore I must be a genius disorder. But pretty sure I have an app for that. 🙄🤦‍♂️🤦‍♂️🤦‍♀️🤦‍♂️🤦‍♂️🤦‍♀️🤦‍♀️🤷‍♀️🤷‍♂️

They are still only well heeled pi trades at these prices , last big run , we had many £75-£100k+ and a whopping £364k trades , our resident spread man (our TR1 IG stuff) Rob B, would often call his £40k - £60k trades early doors, before they turned up in the 1700-1730 XOFF spreads Trade drop.

Even dog of the decade , ukog had 3 for £2m , back on its legendary floor to kiss 12p (whole pence rise) , see some real big trades and we know its on , like DK. 😜🤑 GLALTH

📰👀👁‍🗨👁‍🗨👀👁👁👀😜🤪

Now 3 years since Wood group started the ball rolling with PM Rauk to do studies, Wood selected Metinaro , over co location at Beaco exports complex (if/ever built)

https://www.pemedianetwork.com/petroleum-economist/articles/gas-lng/2021/timor-leste-looks-to-lng-imports/

Then 2023 Two Indonesian companies, did the project studies

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

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

October , studies completed , data handed over to Timor Gap and partners, to conduct FEED, FID , Final Investment Decision was previously announced to be by end of 2023 or IN Q1 2024, both now expired.

Known as the Northern Project, Metinaro was announced by PM Rauk in Parliament for , gas/lng power stations x 3 to be all converted by 2025/26 being fed by Metinaro P.I.T.

Metinaro , would be ideal for our initial production phase of Chuditch 1-2 wells FPSO, would also be an option Gusmao would not decline, as it would still come to the Island (per his two decade stance on all TL o&g)

Per the ENB article I posted earlier , LNG players interested in Chuditch , likewise , someone will have to run and operate Metinaro Gas/LNG Imports terminal and 90-120 day energy security tank farm. 🤔👍

https://www.energynewsbulletin.net/exploration/news/4201600/location-chuditch-gas-probe-timor-leste-lng-potential-eyed

🦆🦆🦆🦆🦆🦆🦆🦆🦆🦆🦆🦆🦆🦆

Suddenly more than doubled volume in the last half hour , from 46m to 108m aimx

fledgling , lesser spotted FOMOF ? 😲

Treading as healthy as I am 😷 at the mo, not much chance of a FOMOF today, everyone's taken the day off. 😂

aimx 46m & aqse 327k

😴😴😴😴

Another nice read 18th Asia Oil and Gas mag.

The successful completion of the Site Survey, leading to the selection of an improved drilling target location with optimal seabed conditions, is another key milestone towards drilling the Chuditch-2 appraisal well. We look forward to providing further announcements on the Chuditch project, including with respect to well planning, execution and drill FUNDING, at the appropriate times,” said Andy Butler, Chief Executive Officer.👍

https://aogdigital.com/news/513067-timorleste-chuditch2-well-to-be-drilled-at-new-location-following-site-surveys

back to bed , virus kicking my **** for 3 days now 😷🤧🤢

Significantly, the exciting opportunity is thought to have attracted interest from LNG investors. Baron Oil is seeking investors to back the relatively low-risk appraisal drilling campaign at the Chuditch gas field offshore East Timor. Possible suitors include Eni, Inpex, Santos, Petronas, and even Chinese national oil companies (NOCs), for the potential LNG project, as ENB reported last November.

https://www.energynewsbulletin.net/exploration/news/4201600/location-chuditch-gas-probe-timor-leste-lng-potential-eyed

And page 87

NATURAL GAS

Timor-Leste has access to vast reserves of gas in the Timor Sea. The availability of natural gas for electricity generation has the potential to provide much cheaper and cleaner fuel than liquid fuels. In environmental terms, for the same amount of electricity produced, the carbon emissions from natural gas-generated electricity are considerably lower than from diesel-generated electricity. A feasibility study will be carried out to assess the long-term prospects of attracting gas processing facilities to Timor-Leste👍

China BRI level 2 funding , coming to an Island near you SOON ! 🤔

Unlike Yeo ho ho and co, he will be savvy to , any raise being on success , news flow and a much higher price range, placings are good if done correctly, with a rising price after each success, not falling death spiral price on success with bucket shop wonga's, the ultra lazy mans way.🙄

Here's a nice confidence in the plan statement by TL , I give you page 86 of the TL Strategic Development Plan SDP 2011-30

The National Electricity Grid will provide a reliable energy supply to support the development and of further major infrastructure projects. It will also provide the flexibility to convert to the more environmentally friendly fuel source of natural gas once a DOMESTIC SUPPLY BECOMES AVAILABLE.

(Not external imports already available forever but DOMESTIC GAS when available)

They plan to build on the phase I grid built by China BRI level 1 , now upgraded to level 2 funding, that will bring Metinaro and a need for that DOMESTIC supply

Let me see who has Domestic local gas supply coming available , Chuditch first , not sunrise.........GLALTH 😉👍

China - Portuguese-speaking countries (PSCs).

This year's conference not only addressed the key areas of economic and trade cooperation between China and PSCs in the next three years but also underscored Macao's crucial role as a commercial and trade service platform. On Monday, the participating states SIGNED the Strategic Plan for Economic and Trade Cooperation (2024-2027).

Nine PSCs, including Angola, Brazil, Cabo Verde, Guinea-Bissau, Equatorial Guinea, Mozambique, Portugal, Sao Tome and Principe, and TIMOR-LESTE, joined the forum

Deputy PM Lay on Friday was given full signatory powers for the event, by the TL Parliament, due to PM Gusmao being in Europe until today.

instead of talking complete make it up *******s, try putting half a brain cells thought and effort into explaining why, given all the information to hand, millions on the books , drill to be non equity jv/other funding, so why pray tell us all why mr knowssweetfcukallfromaholeintheground, ab having said all that, why ?

do you even have a scooby doo , how jv agreements work, normal is , like for us to not give away a x% for large cash and or a free ride drill, if a lesser light, we get more cash , if an upper wanting to take control , they will pay the bills , free ride and all those millions on the books, will do for quite sometime.

until we sell the rest for more cash or have to pay our way to production, if not just reducing to an over riding royalty for production.

the only reason ab might consider a placing , is if he's got another big asset waiting in the wings and has to move on it or lose it but would not expect such moves until jv cash has rolled in and non equity funding for the drill in place, soon find out, he said looking to have done in q2 , we are in q2 (apr-june) 🥳💥💥💥

😲 Eddie you've nearly caught me, you have two now 😂🤣😂

Have a read and lots more out there, this the last Timor Gap Government NOC report, you will note things like LNG plants Beaco/Natarbora Exports , Metinaro imports, Beaco oil/condensate and Chuditch also gets a mention , progressing to drill.

Big picture , stick to your colouring by numbers like a 5 year old. 🤦‍♂️

https://www.timorgap.com/wp-content/uploads/2023/09/TIMOR-GAP-ACHIEVEMENT_2020-2023-English.pdf

Zero accuracy on that one also, everyone knows HFB , Passiton and me makes 3, prior to that was on Twitter etc, toned down from over 50 shares in PF , to a handful (Danny Glover LW syndrome) 😉😂

Last 2 on Twitter being me Ted , alberT EDward james and the last one prior to that was Grandma, in house joke, the wife use to say , you do go on like an old woman , bet you can't even list the many you have had in the last MONTH. 🙄🤦‍♂️

You halfwit, the reason we have never had any value for our gas is down to the locals, saying NO to everything for over twenty years, now they have stakes in licenses, need money , going broke and more specifically , the tone has always been from Gusmao IT WILL COME TO THE ISLAND.

They are now engaging China , Kuwait , Qatar and others, looking to build GAS LNG facilities for both domestic use and exports ON THE ISLAND,,,,,, they will be permitted monetisation paths, long denied

We are drilling for GAS

Baldricks moustache could figure it out, which puts you below a world war I dead trench slug.

https://youtu.be/ms2LFOljMIA

slug away MOAMM 🤡