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Market cap high , which is always the true high, never sp, is £49.85m which is basically 0.2p with current new expanded share base, we hit that MC , on a something might eventually happen, would on progress, expect that old high to be left behind on a SOMETHING HAPPENING RIGHT NOW DRILL event.
Same as last time , same range the high MC was 0.17p, it cracked and did another 100% on top, same again on a much higher profile event and that is 0.4p just under £100m, many a minnow chasing much lower bo/e have soared to MC's of £250-£500m on drilling events.
Chuditch limited area GIIP and reserves will rise after the drill CH2 149M v 25M ch1 well site reservoir, £100m not a lot for an asset , by the TL Ambassadors comments recently , worth over $10 BILLION to TL, at the time TG NOC only held 25%
making the limited area in play (minus quokka other shell leads) alone worth over $40 billion to a long term developer.
When it goes, it will go big, especially, if AB achieves what TL Gov have long sought, a return of the big boys, a JV with FilthyLucres wish list INPEX (or similar) will cause an explosion across the market and various herd winds. GLALTH 💥
On Friday, deputy PM Lay , was given FULL authority by the TL Government , to sign on their behalf, another TL-BRI signature.
China now has committed to fund TL via BRI , using CPLP , ASEAN and Directly with agreements MOU with TL and it Strategic Planning and Infrastructure Ministry.
As far as TL concerned , Sunrise set in stone for the Southern Project (ex Tasi Mane) which leaves our Chuditch FPSO plan front and centre for the Northern Project , Metinaro Gas/LNG plus emergency 90-120 day domestic security , tank farm.
3 Island power stations set to be converted to Gas/LNG from Diesel.
Time lines still fit like a glove, Metinaro FID overdue (was down as by end of 2023 or IN Q1 24) Original timeline PM Rauk, hoped all completed by 2025/26........Chuditch driling a shell rated 100% cos CH2 Q4 (20th Dec? slot)🤔🤑🤑🤑🤑🤑
The 6th Ministerial Conference of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao), also known as Forum Macao, was held on Monday, which clarified key areas of economic and trade cooperation between China and PSCs and reinforced Macao's role as a commercial and trade service platform.
Wang pointed out that as most of the PSCs HAVE SIGNED documents related to the BRI
MOFCOM will promote the connection between Forum Macao and the BRI.
China is ready to work with PSCs in facilitating trade and investment, opening up the industrial and supply chains, increasing support for livelihood promotion projects, improving the Forum Macao mechanism, and forming a diverse and new cooperation pattern, said Wang.
Representatives from nine PSCs - Angola, Brazil, Cabo Verde, Guinea-Bissau, Equatorial Guinea, Mozambique, Portugal, Sao Tome and Principe and TIMOR-LESTE - attended the forum and delivered speeches.🤔
http://en.people.cn/n3/2024/0423/c90000-20160400.html
Well that was short and sweet, volume stalled and died 130m after 40m , currently 132m after 70m🤦♂️
Worlds markets label nothing, all the confusion from sites like this one, trying to be helpful and failing miserably , most shares daily. 🙄
how UPL TRADES look on the real Exchange , before 3rd party sites rehash , best guess and add labels or colour codes 🤦♂️
https://www.londonstockexchange.com/stock/UPL/upland-resources-limited/company-page
scroll down. XLON London Exchange , AIMX Aim exchange , if anything else on the end, the trades has been conducted for eg others ECHO ECEU XOFF SINT, are more interesting, as indicate conducted and printed on other than LSE, XOFF being the obvious OFF EXCHANGE, the SINT often noted on EU/INTernational transfers and EC European exchanges.
Those for big trades, the ECEU also seems to be used for all the teeny tiny trades from FEE FREE sites, were most of the long dead with new tech , old codes now originate , with Richard Heads playing games with 1 900 911 600 a lot since coming online. 🤦♂️
130m first 40 minutes, most days lately barely scraped 200-250m, the exception being the other days RNA inspired 1400m
time for some old style boil 3-5 session simmer , bubble and boil over, to a new higher trading range. 👍
Keeps that up and its a pace maker for a 1995m ,nearly 2 billion share day and we all know, Boil loves a boom, on a series of billion/s share days 😜🤑🤑🤑🤑🤑
115m shares in the first 30 minutes , come on..........time for Boil to bubble all over the market 😉😅
Sharp start aimx 87m v 2m aqse in the first 20 minutes, big volume day coming ?????????? 👍
Yes Jarv, its a mixed bag, strong financial and investment, plus the M&A, so AB could still choose to go in either direction , after the 100% cos CH2 drill, either way another box ticked, new proactive boss , new bod , new vision for the future, all the things the gone and gladly departed, did not have. 🙄 GLALTH
TR1 RNA on rns news wire has his own name, not his company , he is an investor by trade, so why not , investing in his own PF ? Others came across , included a Wallis investments , lots of other Wallis but only this one S Wallis, another possible was a , think it was Ian Scott Wallis. mml capital
https://find-and-update.company-information.service.gov.uk/officers/gQkNZcADtsbGFmC437L8_D4e8-4/appointments
Weirdly , the Timor Gov Web ,no longer displaying that Monday, Extraordinary Cabinet meeting for 4pm local at the Horta Presidential Palace, presume cancelled or needed more time to prepare, 🤞🤞🤞🤞 something Electricity/Gas related in Wednesdays 9am weekly CM. 👍
Mr S Wallis , perhaps this guy 👍
https://www.linkedin.com/in/simeon-wallis
Good appointments, said he would move quickly, he as posted many times, has endless contacts and contact with industry players, from background and vice presidency of Seapex, wanted him in charge long ago, wish granted, now has his baby back , very strong ties with the Island, if anyone can , AB can 🤔👍
Our TG Web page still way out of date 🙄
https://www.timorgap.com/our-business/upstream/offshore-blocks/
So much for previous statements by Woodside the new studies would be with a bias to TL Onshore processing, this clearly states ""The Study will be conducted in an impartial manner"" , is Meg still stalling ? 🙄
https://www.timorgap.com/media-release-april/
Multiple previous studies have shown , in order of cheaper development plus more profit, FLNG , Darwin , TL
Extraordinary Meeting of the Council of Ministers 2024-04-22 4 pm, Government Palace
http://timor-leste.gov.tl/?p=37384&lang=en
Still no minutes released, as said this morning, what could not wait until Wednesdays 09:30 weekly Cabinet meeting, they when moved ,alt day Tuesday mostly, still labelled as the weekly, this EXTRAORDINARY, which under TL decree laws and articles , can only be called by the PM himself.
So what has Gusmao called them in for and much later in the day than usual Morning meetings 4pm vice 09:30am ???
Suggesting , something happening during the day, leading into that meeting, could it be the long awaited and overdue
Metinaro FID ...........Stable Electricity, cheap supply for all Timorese by 2025/26 3x Gas/LNG power stations etc
Chuditch a perfect fit, to supply that contract, via SG's initial 1-2 well FPSO Plan.........GLALTH 🤔
For a rare change, they were not talking total ⚽⚾⚽🏀🔐🔏🔓🔒🔒's today Meadow
Pretty solid, no up/down/up/down volatility all session, remained solid on the 11:47am rise into the 0.07p range and as I always like to see it, aqse and aimx in a better day ratio (6%) , even if the volume today was no great shakes, all signs 🤞🤞
we might just, finally at last , be ready to move up and stay up, leading into next news flow and beyond 👍
Monday class report, a good start to the week but can do better, with those playing hooky in full attendance and the market prefects opening their moth ridden pockets to the delicacies , now coming Baron's way via its swelling Chuditch tuck shop. 😉😂
Tuesday - Mandatory assembly, all of a distasteful manner , on green box detention, those progressive students, will now thrive , having completed their homework and will be rewarded with "A Star Star" mark up's in mathematics and accounting for the Spring term.😉😂
MOAMM's and co will be expelled , with exponential price vigour in the near future....... GLALTH 😂🤣😂
Tick up and solid as a rock 0.07p from 11:47am , bodes well for tomorrow. 🙏👍