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Filthy is right, without solid change , Boil will just keep spiking, said 4 years ago nothing happens until the locals decide it will, they drove the MAJORS/Tier1's away and zero development has been done since, they broke it , only they can fix it and bring trust back with the industry that has remained on the fence for 2 decades.

All knowing what monster fields exist waiting to be developed , (Mobil 1998 - Kelp 10.5- 14.5 TCF , Shell 1998 5+ TCF Chuditch , Greater Sunrise 1974 5tcf + 240mb condensate.

Many more likely to be discovered - Zero exploration for over 2 decades.....says it all.

Before anyone leaps in with Advance and Buffalo, warned them it was duff from the get go, they went after possible offset oil reserves, the main Buffalo reservoir was drained MANY years before by first BHP then Nexen....who then left as the whole area was in Force majeure/JPDA

Which remained until the 2018 ratified 2019 Timor Sea Maritime boundaries settled between , Indonesia, TL, Australia.

Chuditch was under an Australian license until it resurfaced in Nov 2019 under our current TL designator, a NON TENDER award showcase to Sundergas, to launch their 2 1/2 year failure of a bid round (no industry trust) SG awarded for services rendered since 2016 to the Island , long before Asset investor Boil came on the scene.

Shell dropped as already at odds with TL, passed the license on to Mitra, who also drew up an FLNG plan 2009, fell on deaf ears and not heard of again until , resurface as TL license. 🤔

Someone will make it happen one day, just too much $ Billions sitting waiting to be developed into 💰💰💰💰💰

Sunrise 5+ TCF 1974

Troubadour 240mb Condensate

Kelp 10.5 - 14.5 TCF 1974 (Mobil )

Chuditch Shell 90's full license mapping/seismic over 5 TCF and multiple other leads thought to be large Oil/Condensate reservoirs

Around 20 licenses, mostly very large licenses (some 3000-4000 sq km) of exploration upside, all on trend with dozens of big/large/huge discoveries in Australian and Indonesian Timor Sea waters, highly likely TL waters has many new discoveries to be made.🤔

That is many hundreds of billions of production revenues, SOMEONE, will profit from one day. 🤔 GLALTH

Same old same old m8, Guzzy wants them to PAY for it, same old chicken and egg, Shell and Conoco departed , told TL zero interest in TL onshore plans, Woodside said would stay and look after offshore operations for now but likewise had zero interest in the TL Plan.

So it remained until Woodside did a dramatic U turn Feb last year, saying would do new studies , which we thought had commenced, until that bizarre TL permission to commence studies late last year. Results due anytime, all both sides said was we will agree to agree on SOMETHING this time, that remains to be seen, if Woodside comeback and say , we still want Darwin, pretty sure Guzzy's 20 year expectation it will all come to the Island soon, will still be HIS stance.

Offered to all and sundry years ago with the original TL plan, all declined/left, China BRI also declined that flaky plan, which was carp at best, based on sunrise only and you all pay, we will pay back from production, which itself was as best break even but Guzzy did not care about that as he had much higher taxes in play and jobs for the Timorese would give him more budget revenues. 🙄

All declined and we now see air miles galore, trying to get it to happen this time around but with a much better multi field plan etc for Oil and Gas onshore TL processing and exports. Albanese and co , need to back up the words over the past 2 years, his unwavering support for TL, time he put his money where his mouth has been all this time, support TL and Woodside with funding, or step aside its claims under the 2018 Maritime boundary agreement and let someone else get on with it, China/Qatar/Kuwait have made overtures to do so, one of the middle East pair , claiming "they would show the world what they can do"👍

Thinking Albanese might go for that funding, he and his government at loggerheads with the Industry, Meg threw her rattle out of the pram , late last year on the subject. His Government want more gas for Australian domestic use and to maintain their No1 Worldwide market sales position.

BUT his new labour more green and environmentally friendly Government , want it with strings attached, ideal solution is backing more Australian interests further afield , like a TL Hub and everything , Santos, Woodside and others can throw into it.

Santos JV (ENI Koreans) Wider Bayu area R and CC into the old reservoir

ENI area P , Long thought to hold the kitchen that feeds both Chuditch and Sunrise.

Woodside - Sunrise/Troubadour aka Greater Sunrise

They get their hands on Chuditch and OZ or OZ/jv hold all the prime acreage in the under explored TL Timor Sea waters, in which either side (Indo/OZ) waters have been prolific since the 1970's

If not, he needs to stand aside, promised PM Rauk support, before Gusmao came back into politics. So put up or shut up and let China/Qatar/Kuwait and others that have expressed interest, get on with it. 🤔

Asx prone to large swings on little volume, only 58m last night.

https://www.asx.com.au/markets/company/88E

0.006 / 0.31p

Will we catch up, or keep waiting for the RNA message over the rns news wire ? 🤔

Oz showing 20% @ 0.006 Aus $ Which is 0.3079p

Http://timor-leste.gov.tl/?p=36537&n=1

The President of the EDTL Executive Committee highlighted that, according to the Strategic National Development Plan (PED) 2011-2030, Timor-Leste intends to satisfy at least 50% of its energy needs through renewable sources. In this sense, Timor-Leste is currently implementing photovoltaic systems with a capacity of 72MW-85MW, in addition to the plan to develop wind and water systems for energy production. He also informed that 99% of national juices already have access to electricity and that the expectation is to reach 100% in 2024, or at the latest in early 2025.

Also

Heads of Governments of Timor-Leste and New Zealand Strengthen Bilateral Ties during Meeting in Melbourne

http://timor-leste.gov.tl/?p=36531&n=1&lang=pt

During this meeting, the leaders discussed strengthening and expanding cooperation between Timor-Leste and New Zealand, for the benefit of the populations of both countries. 428677769_263015423521460_5652712268745750619_n

Prime Minister Xanana Gusmão expressed his gratitude for New Zealand's continued commitment to supporting Timor-Leste's development and thanked the New Zealand Prime Minister for supporting Timor-Leste's full membership in ASEAN, highlighting the importance of this regional integration.

Portuguese link but translates well

Xanana Gusmão and Anthony Albanese discuss expanding and strengthening cooperation between Timor-Leste and Australia

http://timor-leste.gov.tl/?p=36521&n=1&lang=pt

The meeting discussed several issues related to diplomatic relations and the long-standing bilateral cooperation

between the two parties, highlighting the joint commitment to strengthening and expanding this collaboration.

Another allowed back into Parliament having been tainted, plus report on 25% of population going hungry.

Get it done Guzzy, the broken promises to the people are mounting. Get the revenues Flowing😲🙄

https://en.tatoli.tl/2024/03/04/timor-leste-faces-alarming-food-insecurity-levels-latest-report-warns/12/

https://en.tatoli.tl/2024/03/04/antonio-da-conceicao-returns-to-the-national-parliament/17/

Skin from paying himself , his own company is Towers Consultants 😲🙄

Can not really compare to GGP, they said for years before the oz major that owned 17 million oz Telfer, they have around 18 Telfer look alike deposits on their land, the owners came for a look and confirmed the first one, the majors ceo at next agm declaring ggp land and assets are now their future also.

18 x 17 Million oz, potential is why it broke to a £1 billion+ Market Cap, which would still only be a fraction of 1% production value , if the rest proved up over time. So was not as crazy an over the top ride as many thought 🤔

Currently still sits around £330m...

egtp right, need that solid news and a following herd wind to break free of this priced to fail range , the vague and maybes long tired excuses, 3 or 4 years of we are drilling next year is enough, time for lard **** to work for some of his consultation fees taken by his own company year in year out and get it done. nice work if you can get it. 🙄

Only those involved, in each and every trade know the truth.

Better guide , is small rise, buyers shading it, small fall sellers, large rise buyers romping it, forcing bid to rise to fill orders, large fall , seller needs to fcuk off 😉😂

They do it to try to be helpful , trends ratio's etc BUT due to the basic flaw in it all ,fail miserably on most busy shares, when in vogue , I have often myself bought on/near listed bid price and likewise sold on/near and even occasionally ABOVE the listed Ask.

My Barclays SI account only too happy to quote on the note, this has saved or gained , over prevailing prices on the note.

In addition sites like this often count 2 or 3 trades (sometimes more trainee finger trouble) when only 1 lives on the real exchange, anything you see with a HYPHEN - in front is a Cancellation or Amendment, in the case of the Amendment, you will still see the original , the cancel/amend and finally a reprint with either volume or price adjusted. 🙄

3rd party sites like this one, all use Dimbo Algo , on what it sees as Mid

All above BUY (Never the case) all below SELL (Ditto) all exactly on its mid , delayed trade (not black trade mm hocus pocus) or now sees outside its range, CHOKES and comes up with that popular button we all push daily UNKNOWN.😉

Stats as much use as a chocolate teapot, all built on 100% BEST GUESSES , every trade, the mm/Markets of the world label NOTHING as consider all TRADES printed to be both a buy and a sell. You see a label its from a 3r party site like this one guessing by what it thinks is current mid price and rehashing the real LSE Trade , with A GUESS.

Remember Sundagas ,not boil ,have been assisting the Islands development since 2016 and were rewarded with the NON TENDER award of Chuditch in 2019 , as an opening dog and pony , to launch their 18 license bid round.

They could do worse, than publicly SUPPORT Sundagas once more at the heart of another presentation as it was in 2019 (not sunrise) Come and get it - with contracts up for grabs😉

Tasi Mane (Male Sea) original project, apart from roads/major highway, Tibar deep water supplies port and Airport upgrade plus new regional Airport (between Bettano and Beaco) all pretty much built by China BRI and France/Japan/Oz

Suai Offshore support port (in progress)

Bettano Oil refineries - Oil and Condensate processing

Beaco Gas LNG Export fac's plus single string Import Gas/Lng Import fac for domestic use.

3 years ago , PM Rauk announced the Imports fac, moving to Metinaro alongside ALL Fuel Imports at the P.I.T. petroleum imports terminal, which will hold all plus 90-120 day tank farms supply. In response to severe problems encountered during covid and major storms since.

This project fits like a glove for Chuditch FPSO plans, the conversion of the Islands 3 power stations to gas and be supplied by the P.I.T. expected to be completed by 2025/26 , long before Sunrise produces (last tenders 2030/31)

Why you ask, well PM Rauk announced the project as priority, to secure stable Electricity supplies for all and prevent the disasters of recent years being compounded. He also stated, the switch from unreliable diesel supplies to Gas, would save the Island , millions off the annual budget.

Be a bit stupid , to now put it all back to Sunrise , wait another 5 years or more to honour that commitment to the people, when raging storms now hitting them every year. Likewise on the savings to budget, if they ignore their own gas Chuditch and go for more expensive imports.

Sure their own NOC TG and SG who built their Industry players and still train to this day, will be more than willing to negotiate a local supply offtake agreement for domestic supply, with all additional production to world markets 🤔

Metinaro Final Investment Decision FID ,was announced last February as by end of 2023, so already overdue, studies completed by 2 Indonesian companies last year, all data handed over to Timor Gap NOC and partners, to commence final FEED design (October)

That FID could now come any day, it falls under the Ministry of Infrastructure and Planning, who signed the MOU agreement with the Chinese Overseas Development Ministry in Cabinet , 3 days before Gusmao visited Xi Jinping in China late last year. So that's the potential financial and building muscle , for the Northern P.I.T. project, possibly/maybe etc 🤔

So why not promote Chuditch to prospective developers with it, with an offtake agreement in play.🤔 GLALTH