Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
AB , could turn all that on its head, change Baron back to an Oil and Gas company , vice its current standing as an early stage INVESTMENT company in assets, progress, sell ,no interest in production, rinse repeat new assets. (Yeo never got past go)
AB and his Sundagas team, are by background, oil and gas men, so production or just retaining a small over riding gas production royalty could be his game plan, sell the rest to get cashed up and use his considerable contact list to obtain new Asian Gas assets probably under a new company name.
He has stated recently , now an ASIA focused GAS company........more than a little hint in that line........ ๐ค๐
still do not know if ab will stay for production, under yeo ho ho and co , production was never in the equation, it was sell now at the right price , or sell after the drill.
depends thicko on the jv deal , many are a % for cash , some cash and a free ride drill plan 1-3 drills, to a max cost.
baron still have millions on the books, ab has said no placing , drill will be non equity funding.
just keep embarrassing yourself , with *******s, when the info is out there, if you learn to read and digest clear information moamm ๐คก of the sloping forehead brigade, clueless and can't comprehend anything
you guessed it, as your worth it........
https://www.google.com/search?q=slap+head+emoji%27s&sca_esv=5f6a5c4feb524586&rlz=1c1gcea_engb780gb842&ei=-tanzuraluqdhbipzrqi6a8&ved=0ahukewjqv5nk0nifaxxqqueahu4dav0q4dudcbe&uact=5&oq=slap+head+emoji%27s&gs_lp=egxnd3mtd2l6lxnlcnaievnmqvagsevbrcbftu9kssdtmgcqabiabbgnmgcqabiabbgnmgcqabiabbgnmgyqabgwgb4ybhaagbyyhjigeaayfhgemgyqabgwgb4ybhaagbyyhjigeaayfhgemgyqabgwgb5igkjq5xnyhdlwaxgakaeamafooahpbaobazkumbgba8gbapgbazgccqacwaxcagoqabiwaxjwbbhhwgiieaaygaqyogtcaggqabiibbijbciccbaagagydrgewgileaaygaqyhgmyigxcaggqabghgagyhsicbhaaga0yhsiccbaagauydrgewgikeaaygaqyqxikbciccxaagiaegjecgiofwgigeaaybxgewgifeaaygatcagqqabgewgigeaaycbgemamaiaybkayikgcdoc4yoaenng&sclient=gws-wiz-serp
Oh you can RKH sealion drill 5p to ยฃ5.72p, the 500-10,000% risers few and far between BUT they still happen wrn 3.25p to ยฃ3.32p , gcm floor to $9 aka sicksquid ish (was in the states at the time) NCYT 6p to ยฃ12.50p, GGP, EUA , not to mention AIM super hero's ASOS and Burberry zip to ยฃ30b on handbags and accessories ffs๐
So a little 0.05p to 1-2p drill , all seems a bit tame by comparison ๐๐๐คฃ๐
Hoping for some Island news tomorrow, yesterday the Gov Web posted , an extraordinary meeting of the council of ministers to be held at 4pm local , at the Horta Presidential Palace, today that entry has gone, usual Wednesday 09:30 Cabinet, will hopefully reveal, what they were up to and preparing for a late in the day EM
Know me , hoping its Metinaro FID, which I still think has to be front and centre for the Islands , Power and domestic supply plan (Northern project) Sunrise not in the frame for the 2025/26 target , mothballed since 2004, Kelp bone idle , not moved since Mobil left it behind.
What else do they have, to meet PM Rauks project target, of cheap reliable (gas/lng powered) for all Timorese ASAP, target completion all work 2025/26
CHUDITCH , chuditch or ChUdItCh , seems to be the only answer. ๐ค๐๐
Every one of their ๐ฉ๐ฉposts that clearly involve zero ๐ง ๐ง ๐ง or research , or anything AB has repeated several times since taking over, should be tagged ๐
https://www.reddit.com/r/HighQualityGifs/comments/arkvzl/mrw_i_catch_my_roommate_staring_at_the_orange/
Welcome back Eddie, we have all missed your sarcasm and dulcet tones to the MOAMM clown brigade ๐๐๐คฃ๐
Http://www.anpm.tl/request-for-proposal-establishment-of-the-technical-rules-for-fuel-road-transportation-inspection-to-road-transportation/
Known transport links for oil and gas , are coast road from proposed Beaco site to Betano Oil refinery (condensate fm sunrise/troubadour other) and if Metinaro goes ahead, a major road has just been completed from North to South, which would supply Gas/LNG from Metinaro PIT to the 3rd Island power station at Betano, the other recently upgraded roads in the Dili district (met dili district) along the Northern Coast, would supply the nearby power station and the other in the North in the enclave of occusse, was in progress.
Now making preps , to use those new roads and Highway built by the Chinese under BRI level 1 , TL upgraded for more Infrastructure (bigger projects) construction and BRI Level 2.
http://www.anpm.tl/request-for-proposal-establishment-of-the-technical-rules-for-fuel-road-transportation-inspection-to-road-transportation/
Baron may be a minnow BUT it now has a well known and well respected , regional player at the helm AND it still hold 60% of a Super Major SHELL's full license developed and drilled (90's) to negotiate with.
Sure if Shell still held on to Chudtich, it would be valued at market prices in the ground $3-8 a barrel, not the price of a freddo chocolate bar per bo/e
POO , heading for $100 a barrel , last time it did , sale prices ranged from $2 a barrel Syria (high regional risk - factor) to $12.50 top of the shop USA (SAFE + regional risk factor)
Pretty sure TL , being looked after by both OZ and China (others also) would rate , mid range to safe, on that RR factor.
It's only going to get bigger with development, at least $40 billion+ now (TL Ambassador) those that have previously sat on the fence as the region USE TO BE in lockdown/force majure etc, will now be looking at the $$$$ not the past. ๐ค๐
With the last placing , have one or two million in a security deposit account (we lose if fail to progress) with the latest placing added to end of year figures etc, should still have ยฃ5-ยฃ6m minus recent survey costs AND as AB has stated several times the funding for CH2 , will be NON EQUITY (Not shares for the hard of learning)
That could come in several forms, Banks , Sector funds, Japanese offtake partners (like JERA , Osaka , Tokyo many of them, in many fields around Australia )
Or the big winner, AB catches a whale, Senior Industry player, who , many other deals, include large cash wad and a free 1-3 well drill program, up to a cost of ยฃXm for a large % of the asset, alongside becoming field operator.
Similar deals with Majors , could take the lot, send us packing for hundreds of millions to over $1b , like cove and the $650m pre gas price boom TL paid for Shell/Conoco 56% of Sunrise (100% over $1b value pre gas boom)
Or large was plus , only a remaining production over riding royalty of 5-10% of production revenues.
Sure most of them are on the table, under AB's recent comment, multiple talks, some with some VERY INTERESTING proposals.........
Wait for AB to speak
know your role and shut your hole ๐ฉ for ๐ง ๐ง ๐ง
Https://www.energynewsbulletin.net/exploration/news/1463644/baron-oil-timor-leste-backing-chuditch-ususd85m-deal
That's why TL itself raising its stake , as nothing happening, put you IQ of 3 back in the box an FO.
MOAMM of the first order.
https://www.google.com/search?q=giant+slap+head+emoji&rlz=1C1GCEA_enGB780GB842&oq=giant+slap+head+emoji&gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBCDYxMjdqMGo0qAIAsAIA&sourceid=chrome&ie=UTF-8#vhid=SX4ZVv5TxJFr6M&vssid=l
once more your post/s deserves them all...... ๐คฆโโ๏ธ๐คฆโโ๏ธ๐คฆโโ๏ธ
After a sharp first 40 mins, volume fell of a cliff, now picking back up again
aimx 161m v 15.4m aqse
back in the 5-10% good zone
Dear greedy , Mindless Morons (mm) can we please push on, more progress and RNA updates and still our gas remains priced at the cost of a kids chocolate bar or lucky bag per bo/e ๐๐คทโโ๏ธ๐คฆโโ๏ธ
Who cares about sunrise , the uncertainty has melted away, the Northern Project stripped away from that fiasco, with TL having far more pressing needs, reliable Electricity and fuel supply , which compounded all their other woe's during covid and the tropical storms that then hit.
Northern project schedule by PM Rauk by 2025/26, loooooooooooooooooooooooong before the Southen project may or may not come alive by , last tenders 2030/31.
AB right man and team (built TL's industry from 2016) supporting the Island long before Boil came on the scene 2020 , they were rewarded and Showcased , non tender (free) award of Chuditch to launch their bid round.
Sunrise still at a standstill (moth balled care & maint since 2004) , Chuditch ON THE MOVE, and the only thing they have to full fill , the Gov's 2022 promise to its people in the aftermath of covid/storms 2020/21, it would never happen again
lack of fuel supply , constant outages etc.
Still fully expect, Chuditch and Metinaro to play nicely together in the future, our 1-2 well FPSO , perfect for that Power plants and Domestic Gas/LNG security plan by 2025/26, not sunrise , yet again doing another set of studies. Done to death.
We have, moving day by day closer , GAS, they have a plan for GAS, drill Q4 2024 - Supply Metinaro 2026, has a very nice ring to it, AB being close to the TL leadership, will be privy to far more than Yeo ho ho ever was or could be , to the Gov and Ministry plans to develop and supply THEMSELVES.
No mistake Timor Gap puppet NOC , raised its interest to a paying 20% overall 40% slice of Chuditch , after visiting the TL Ambassador in London, who , when still held only 25% free carry , Chuditch is worth over $10 BILLION to TL. Follow the money, they have. ๐๐
๐๐คฃ๐๐๐๐
Beesty
The secretary-general also highlighted โnew opportunities for the construction of Macau as a platformโ between China and the Portuguese-speaking world โin the face of new circumstancesโ, namely regional integration projects, launched in southern China, such as the Guangdong Hong Kong Macau Greater Bay Area.
The Greater Bay Area is a Beijing initiative that aims to create a global metropolis encompassing the two SARs and nine cities in Guangdong province (Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, and Zhaoqing), with more than 60 million inhabitants.
Portugalโs Minister of Economy, Pedro Reis, told Lusa today that, from the point of view of Portuguese companies, entry into the Chinese Greater Bay Area allows โwider, more natural access to a larger marketโ.
Regarding areas that may be of interest to the Portuguese business community, the minister said that economic agents have highlighted different sectors, including agriculture, technology, and INFRASTRUCTURE.
The Forum Macau includes, in addition to China, nine Portuguese-speaking countries: Angola, Brazil, Cape Verde, Guinea-Bissau, Equatorial Guinea, Mozambique, Portugal, Sรฃo Tomรฉ and Prรญncipe, and TIMOR-LESTE.
That's a lot of large Chinese Cities that might just need something, now what was it, yes , yes it was obvious
GAS GAS GAS ๐๐
get your head out of your **** you clown, ab has only just spoken on the subject, the past and the lame lard **** bod that snail paced all , has gone !!!
try learning to read and start with the most recent rna messages sitting on the rns news wire, plus the other links podcast , proactive etc etc , ab has made comment on.................
https://stock.adobe.com/uk/search?k=facepalm+emoji&asset_id=505879498
you deserve them all ๐๐๐คฃ๐
That extraordinary cabinet meeting scheduled for 4pm yesterday , has dropped off the Gov website, presume cancelled , with PM Gusmao set to return to Dili today, Wednesday the normal weekly cabinet slot 09:30, Horta about to depart to Portugal for a ceremonial event.
https://www.independente.tl/en/national/timor-leste-prime-minister-gusmao-to-lobby-maritime-borders-on-uk-visit
Gusmao in , Horta back out, boy do they rack up some air miles ๐๐
The President of Timor-Leste, J. Ramos-Horta, will make an official visit to Portugal as a guest of honour for the celebrations of the 50th anniversary of April 25th, the revolution that restored democracy in Portugal after the dictatorial regime.
๐๐๐
OZ loss our gain, if they wrangle on, even more emphasis on TL getting Chuditch Gas flowing. ๐
My TL news 24/7 just put up a strange , long winded UCLOS article, reports from UK-Greece-Italy had Gusmao on tour and discussing , along with other things, issues with TL Maritime borders , is he preparing to go to the international courts again, if Meg does not play ball this time ?
Header paragraph
The United Nations Convention on the Law of the Sea (UNCLOS) establishes a comprehensive dispute settlement mechanism applicable to any dispute, subject to the exhaustive list of limitations and optional exceptions in Section 3, concerning the interpretation or application of UNCLOS. A complex topic that has arisen in several disputes regarding the application of UNCLOS is how to overcome jurisdictional challenges where disputes are of a mixed nature, i.e. disputes that are not limited to differences regarding provisions of UNCLOS but extend also to other rules of international law. It is axiomatic that Article 31(3)(c) of the Vienna Convention on the Law of the Treaties applies notwithstanding as a matter of interpretation. However, the application of Article 31(3)(c) is without prejudice to the fundamental principle consistent with which jurisdiction presupposes consent. Consent to jurisdiction does not extend to areas beyond the substantive undertakings to which the original consent is given.
International arbitration only ended 2018 ratified 2019 , TL Maritime boundaries , which gave OZ and TL a 50/50 holding of Greater Sunrise, almost immediately , to try and get it moving , OZ Gov offered 80/20 or 70/30 deal both in favour of TL All that came out of that meeting was the , over the top out of his depth TL rep , standing on the steps outside , declaring its all coming to TL very soon and we now get 80%.
Leaving the OZ contingent using that giant slap head emoji, saying no deal made, just the new split offered, as long as the Maritime boundary agreement remains in force, they additionally stated, OZ would not drain from their Timor Sea waters , no license would be issued on the border, again subject to the agreement remaining in force. ๐ค
Curious timing for a UCLOS article to pop up on the TL News feed ?
Read AB's lips you MOAMM ๐คก, NON EQUITY funding for the upcoming operations, if he pulls a whale, they will be paying the bills , so ZERO funding by Boil, cash plus free drill ride , a very common deal, for a large % of an asset.
https://media1.tenor.com/m/MRHsBWGnfaAAAAAd/facepalm-smh.gif