RE: Uptrend to 0.10-0.15 without news / and 0.20+ with news on JV/drill/funding. Broker note 0.53p right now.22 Apr 2024 15:03
Go
perfect world , Shell taking its asset back (know exactly what's on the entire 3,571sq km license) would be great, not so sure Shell would return to the area , after so much TL frustration in the past , NO to Darwin when the refinery for Sunrise half built already, then years later another go , with a purpose built FLNG ship nearing completion in a Korean Shipyard.
Still thinking its one of those who stayed , ENI/Santos/sk Korea JV , or the new Japan/Woodside/INPEX MOU stuff, with China and its latest words to TL , to move on TL oil and gas , so CNOOC in the equation.
But (exxon)Mobil discovered the equally idle Kelp 10.5-14 TCF (big as the others put together if so) same year as Shell drilled Chuditch. Around other parts of Australia, lot of OZ companies and other giants , Exxon , BP, TotalEnergies, to name a few.
Any of those will turn our 1-2 well early stage FPSO , into a much bigger FFD scenario, which is what TL Gov have said for years , we want no more minnows, a well here , another whenever, we want the Majors back and rapid FFD, like Sunrise was planned by Shell 26 - 28 wellheads, only their deep pockets , can give them that.π²π€
Short of Chinese takeaway and CNOOC moving in , ,with the BRI building the onshore infrastructure required, to handle it all....... π€
Sunrise started off as 3 major players , Shell , Conoco and Woodside, with Shell and partner (another forget name) looking at Chuditch being as big or bigger from its additional leads , like Bandicoot (now Quokka)
Would not surprise me, if AB has a multiple deal/partners situation on his hands, me and Filthy would certainly be happy with a TotalEnergies/INPEX , ENI/INPEX or INPEX/Woodside pairing , they have other assets around OZ together, so why not make , much upside Chuditch another. π