RE: Huge buying now, freefloat really tightened, looks like breakout to 0.08p on the cards today. Funded, big news close. Hit 0.33p not long ago.19 Mar 2024 15:29
Rumours aside the company has some substantial assets in a high activity area.ππ€£ππ€£πππ€£ππ€£ππ€£ππ€£πππ€£ππ€£πππ€£ππ€£ππ€£ππ€£ππ€£ππ€£πππ€£ππ€£ππ€£ππ€£ππ€£ππ€£πππ€£ππ€£ππ€£ππ€£ππ€£ππ€£πππ€£ππ€£ππ€£ππ€£ππ€£ππ€£πππ€£ππ€£ππ€£ππ€£ππ€£ππ€£π
DYOR we have a monster 3,571 sq km license developed by Shell, boil only played with 800 sq km legacy seismic, in an area where NOTHING, has moved for two decades, we hope to be the first Yes you can, since the impasse ,force majure and politics killed the area, prompting , Shell , Conoco Phillips , BHP, Nexen and others to leave, frustrated by TL since 2001 and the NO, you can all wait for Beaco/Tasi Mane ,it all comes to the Island.
In our case, we hope to get that first ever YES and an offtake agreement to supply TL with T/Gap , any excess production to open market. π
Timor Sea (oz ,indonesia and tl) the other two regions have been prolific since the 1970's, the TL section DORMANT, with
Kelp 1998 Mobil discovery 10.5 - 14.5 tcf , Sunrise 1974 5 tcf + 240mb condensate, Chuditch per shells 90's figs full license over 5 tcf and lots of upside leads .
ALL still waiting for a home to go to..........when it arrives, thats the Mega Multi bagger we have been sat on for 4 years , with zero value on the books for it. Just like Woodside Sunrise marked down from hundreds of millions to ZERO year on year until 2018 Nil
Sunrise valued at 2021 conference pre gas price boom at $65-70 BILLION over its production life, that's the scale of Chudtich on full license development (per shell) not boils limited area snail paced , re run catch up of less than 25% of the license.
Minnow still holds 60% of a Super Majors asset.........tick tock, ickle trader rises, not the game here. πGLALTH.
Island facilities STILL await a spade in the ground or funding. TL going broke have no choice but to work with the Industry and get new revenues flowing.
Our FPSO plan should suit them as , they also have a Domestic Gas/LNG project for much earlier than Sunrise/Beaco , meaning it would still come to the Island, our partner T/gap gov noc, in charge of the Metinaro PIT Gas/LNG project, for supply of, TL's 3 being converted to gas power stations by 2025/26π