Member Info for VisitTimor

Maybe not Meadow, have posted many times, watch the AQSE , on routine days it runs zip to naff all sub 1% of daily volume on the AIM, on good days moves up 5 - 10% and on break outs 15-25%, well today its in the middle 😉

AQSE Volume 33,955,652

AIM Volume 332,082,877

Been in dozens and all pretty much the same format, suspension, deal done, prospectus and market return.

Some have gained waivers, delayed suspension until day of signature, then suspended until 2 stages completed.

we can guess but the valuation of the new enlarged company will be determined by the two companies, that determination in itself can be a big boost, if a lower nominal value given to the target company, it can leave shares in issue combined , still very low and a lot of scope for an extraordinary rise on return.

eg recent CRTM suspended at 5p, came out at 15p and roared to 35p, before reality set in.

All we can do now is wait and see what info comes our way pre return, in my experience the vast majority of those RTO's concluded have been very lucrative on return to market (overheat in many cases)

as my old mate Ned always said

Ignore everyone , including me, set your own targets and if you achieve those targets, you can not be disappointed ,no matter what happens next..........(goes again / falls)

warreN EDward buffett , sage of Omaha ..........GLALTH.

As posted the other day, the initial suspension can be days/weeks/months/years, that is to get the deal done, so the more advanced the negotiations are to signature, the quicker it will happen.

The final part then is in effect completing the final 2 stages of an IPO, new enlarged company prospectus submitted to FCA, if all up to snuff, that will be cleared in 2-3 weeks, if not ping pong with the FCA until it is.

Once cleared the easy bit is the return to market, which is a statutory 10 working days (2 weeks) process. May see in lights on the LSE before the RNA message giving a return date, usually posted by the real LSE on this page, once in process.

https://www.londonstockexchange.com/live-markets/new-issues

As far as what price, it will be determined by the two companies and in many cases like my GCG may inform via RNA of that format ahead of completion for e.g. only -----------

Although the consideration payable by the Company to the shareholders of 2Mee has not yet been determined and is subject to legal and financial due diligence, it is anticipated that it will be in the region of £6 to £8 million and will be satisfied entirely by the issue of new GCG shares. The parties have agreed that GCG will be valued at the higher of (i) £1,000,000; and (ii) 15% of the ‎market capitalization of the enlarged entity upon completion of the RTO ‎‎(as defined below).‎The Company also announces that it intends to carry out a contemporaneous fundraising to raise further working capital for the enlarged group.

Lets hope Brad's previous comments of a 10p floor minimum holds true..........GLALTH.

Never a takeover on the cards, Boil is an investment company , not an oiler, Dunrobin and Chuditch both held via subsids, both for sale at the RIGHT PRICE, ceo spring last years presentation.

Sundagas owns 60% of Chuditch , all or part will be SOLD on as part of a JV or Sale

After 3 instalments over 2 years Boil now own 100% of Sundagas

And ........

Also presented by the Minister of Petroleum and Mineral Resources, the draft Government Resolution was approved regarding the participatory interests of TIMOR GAP, EP in the Production Sharing Contracts PSC TL-OT-17-08 and PSC TL-OT-17-09 .

As it is in the public interest to ensure and accelerate the production of petroleum resources in order to find alternative sources of financing for the Petroleum Fund, with this Resolution, the Government approves the proposal presented by Timor Gap to resolve the commercial impasse between Timor Gap and Timor Resources, relating to the areas of the aforementioned Production Sharing contracts and authorizes Timor Gap and its subsidiaries to sign all commercial or other documentation necessary for the implementation of the aforementioned proposal.

??????? is this in preps for Metinaro Gas/LNG to 3 power stations - lekky for all.

According to the project presented by the Minister of Public Works, Samuel Marçal, the Council of Ministers decided to authorize the expenditure for the transfer of funds from the General State Budget of the "802 Electricity" Program of the Ministry of Public Works to the Public Company Timor-Leste Electricity (EDTL, EP) .

Therefore, the Council of Ministers decided to authorize the expenditure for the conclusion of subsidy contracts between the MOP and EDTL, EP, in the amount of 148.5 million US dollars, which will serve to provide EDTL, EP with the necessary resources to carry out the supply of electrical energy to the entire national territory, an essential public service for the population and the country's economy.

And TL Cabinet today ARBITRATION ?

The Council of Ministers approved the draft Resolution Proposal of the National Parliament, presented by the Prime Minister, Kay Rala Xanana Gusmão, on ratification, for accession, to the Convention for the Peaceful Settlement of International Conflicts , concluded in The Hague, on October 18 from 1907.

The Convention, initially established on July 29, 1899 and later revised in 1907, is an international treaty that aims to establish guidelines and mechanisms for the resolution of disputes between States peacefully, with the aim of promoting international peace and security, preventing armed conflicts and seek consensual solutions to differences between nations.

In addition to reaffirming the national commitment to the peaceful resolution of disputes and conflicts, by adhering to this Convention, Timor-Leste joins the celebration of the 125th anniversary of the Permanent Court of Arbitration, established by the 1899 Convention, with the aim of contribute to general peace and the amicable settlement of international conflicts. The Permanent Court of Arbitration played an important role in the history of Timor-Leste, as it functioned as a register for mandatory conciliation between Timor-Leste and Australia, in the context of the United Nations Convention on the Law of the Sea, which led to the signing of the Treaty between the Democratic Republic of Timor-Leste and Australia in 2018, which established the maritime borders in the Timor Sea. As a member, Timor-Leste will be able to host the Permanent Court of Arbitration.

Back earlier than expected, just had a look around and came across this from 11th

https://hansard.parliament.uk/commons/2024-03-11/debates/24031148000013/Timor-LesteBritishEmbassy

This decision sends a strong signal of the UK’s support to Timor-Leste, a country that is making important strides on its own development journey and is also ready to stand up for a rules-based international order based on the purposes and principles of the UN charter.

Before I go , said before the AQSE runs zip to naff all 1-2% of Boils daily volumes, on good days it moves up 5-10% and break out days 15-25%

Its awake today, currently running 5% GLA..........

https://www.macaubusiness.com/timor-leste-public-unhappy-with-government-in-improving-living-conditions-ngo/

the mf also said that “another ongoing source of public controversy” is the exorbitant spending trips abroad by state officials, referring to the entourage of more than 70 people, according to government figures, who travelled to the united arab emirates to attend timor-leste’s accession to the world trade organisation.

the mf warned that in the face of “flagrant abuses of public office, extravagant government spending on travelling and vanity projects and a lack of improvement in people’s living conditions” “public frustration and anger are growing”.

http://timor-leste.gov.tl/?p=36651&n=1&lang=pt

the minister of petroleum and mineral resources, francisco da costa monteiro, and the interim prime minister, mariano assanami sabino, witnessed, on march 7, 2024, the signing of an agreement between the national petroleum authority (anp ip) and the company hts exploration ltd, from kazakhstan, for onshore mineral and gas exploration in the municipality of viqueque.

interesting license, viqueque district is the region beaco gas/lng export fac's to be built.

tl going stony broke in less than 10 years, public unrest, broken promises, they need to get something moving, a good start would be a public support and yes to sundagas plans for fpso, end the sequence of 20+ years no, all can wait for the islands own facilties.

public want water, sanitation and electricity and jobs, as long promised by multiple pm/presidents.

time to pull their collective fingers out of their lard ****s.

metinaro pit gas/lng imports - chuditch offtake - domestic gas converted power stations - lekky for all, would be a very nice ball to start rolling.

metinaro fid was announced last spring to be by end of 2023 --- could come anytime glalth

catch ya friday, i hope.....

Conoco originally planned for a pipeline to TL in between the two , near Bettano (Oil refinery) before being voted down by their shareholders on the grounds of risk and cost, Conoco came up with a suspended bridge pipeline, held in place below shipping by wires and concrete blocks (trench seismic and moving 4m/30 years)

Resurrection of that route would stir the blood and Boil, co location to the central South Coast, could change, long term FFD (26/28 wells) for Chuditch by whoever has it then (never going to be boil ) Small scale production 1-2 wells then tie into a Sunrise-Bettano area pipeline. That would be an almost straight line North pipe from Chuditch to join the party.

Or lets go radical, Chuditch drilled first (2 wells planned) start FPSO , build new pipeline to TL for FFD and when they have finished arguing over GS , they can tie into Chuditch pipeline to TL .😉😂

Not sure I follow that , they have been arguing over the location of pipeline since 2001, TL wanting onshore Beaco and Shell Conoco and Woodside wanting Darwin, with the 2008/09 interlude when Shell purpose built ship in Korean Shipyard for Sunrise FLNG was also declined by TL, that's when they decided to leave, Sunrise being mothballed care/maint since 2004

Can not see TL changing from Beaco, lots of dosh spent on sea walls/port preps etc and a settlement made for those to be displaced and funding for a new village or few for them to move into (Comvalina Suai and Vilqueque Beaco new housing projects)🤔

Albanese today....

Australia will provide English language training for Timor-Leste to support its path to full ASEAN membership, he said, adding that the package will enable valuable training to help Timor-Leste engage effectively in ASEAN.

PM Albanese reiterated Australia's commitment to deepening two-way trade and investment with ASEAN to drive growth that creates jobs (Guzzy's fave topic) and realises economic benefits for all people in the region.

Jarv

11:00 post highly recommended. 👍

According to official data, Australia’s bilateral trade with ASEAN countries amounted to about AU$178 billion in 2022, surpassing trade exchange with Japan, the United States and the European Union.

The three-day meeting in Melbourne marks 50 years of relations between Australia and ASEAN, a bloc founded in 1967 and made up of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, and has established a roadmap for the inclusion of East Timor😉

OZ press

https://www.canberratimes.com.au/story/8544362/east-timor-confident-of-settling-years-long-gas-dispute/?cs=14231

https://www.laprensalatina.com/australia-announces-billion-dollar-fund-to-boost-southeast-asia-trade-investment/

Plus whatever gets spent on Dunrobin on top......🙄

That ref's to what TG will be contributing , not our costs will only be $7.5m, what they will offset.

Drills in the region range from $25m-$35m including follow on work, a recent duster offshore OZ, was $20m, it had a budget for 18-20m for drill and up to $5m in follow on test work.

Our 60% if no help arrives would be $15 - $21m (25-35) the current work programs etc, all on top, so vital external funding found for future operations, or a deep pocketed JV/Sale partner/exit arrives.

The dilution as a last resort would be unthinkable, 100 - 1000 confetti consolidation and raise again. With Yeo ho ho's history, it would be another mega 🐕💩terms deal.

Wonga bucket shop p&d quick buck forward selling merchants on speed dial. 😲🙄

Horta press, buttering up another one...... 😉😂

I believe that with the re-election of Your Excellency, we will be able to realize new investments, projects, and partnerships, with the support of the Azerbaijan International Development Agency (AIDA), in important sectors with great potential, namely the exploitation of natural resources, infrastructure

https://www.azernews.az/nation/222851.html

As posted , said for 4 years , tumbleweeds noting to see here until area change, said more recently IMO, that change is now happening and fully expect our q4 drill to happen , with(jv) or without us (sale) at Yeo ho ho's RIGHT PRICE.😋

Everyday, is now actually a day closer to the TL Timor Sea maritime region, waking up after over 20 years.😉🤑