Member Info for VisitTimor

Do not think they will exit, as Woodside having done a massive U turn on its stance, only 3 days after the latest JV meeting ended in the usual, opposing views.

Woodside have since signed an MOU with Japan, who will provide Woodside with any assistance they need, Finance and companies (Inpex etc) They are also now in merger talks with Santos. Santos have JV with ENI/Koreans.

That merger goes ahead and it could be a master stroke by Meg, would then through those ventures, give Woodside access to Sunrise, Area R (wider bayu) and Area P (link Chud-Sun blocks)

Hmmmmm, wonder if this was the real reason for the U turn, Woodside now positioned themselves to take a position in all the prime real estate.🤔

budget cuts already in play, last 3 years , island budget has been cut in december and also, in each case, they have still only expended sub 70% of the proposed budget. island if continue with cuts stated could stretch the funds until 2034 max. the last tenders for beaco down as 2030, so still taking it to the wire, to get what they want.

bit they are concerned about is, how then do they comply with imf and others, who are prepared to give further loans, for other sectors growth, as long as tl themselves contribute to the projects (non oil and gas) without raiding the spw fund.

the 2011-2030 island sdp, strategic development plan, was all about oil and gas revenues funding the growth of all the other sectors, the imminent sun/beaco and anything else never happened as no one would stump up the billions, they still ploughed on, plan always , own industry, manned by timorese, not foreigners (noble cause)

so they find themselves overstretched and going to the wire, appears external backing (finance) for the 2 major projects on the island, is coming out of the woodwork, just now need the industry elements to do the same. all still seem to be waiting for tl/oz to sort their **** first.

under the 2018 maritime settlement and follow on, oz have to go ahead or step aside for tl to get what they want, original , was 50/50 then more given away by oz to get it moving, it did not, oz also agreed not to drain sunrise from its own tl waters, no license to be issued their side of the dividing line. all only remains in force as long as the agreement does.

will oz support this time after many empty promises, or let tl get on with it , with others, without taking a compensation package to exit for others?

Snapshot 0842, even the real LSE (Exchange 0827) displays a 15 minute delay in status

2.78 -2.63% (-0.08)

HE1ORD NPV (DI)

Track

1 instrument

Open / Last close2.95 / 2.85

High / Low3.00 / 3.00

Bid / Offer2.70 / 2.85

Special Condition: -

Trading Status: Normal - Regular Trading

FTSE AIM All-Share

As at 06.02.24 08:27:05 GMT - All data delayed at least 15 minutes

https://www.londonstockexchange.com/stock/HE1/helium-one-global-ltd/company-page

Cameroon Ministry said this time last year they would support and fast track, yet here we still are, license expired, maybe they are not happy, JA has still not got a firm date, just a wide window for a possible drill and still to confirm funds/jv in place to pay for it, if he does KABOOOOOOOOOOOOOOM, if he does not, you all know that result.......GLALTH

The new connection, PVD drilling MOU with plans to increase scope with Timor Gap , if so, looks like if no one comes forward , TL looking for TG/PVD to drill ahead themselves. If the case JV change or not, Q4 Chuditch CH2 will be drilled.😉

Multiple studies done on both sides previously, so nothing certain, they have agreed to disagree for 20 years, fingers crossed this time will be different............GLALTH

Still think our prospects, ahead of the long term gain TL still hope for, with Chuditch and Metinaro having a strangely connected timeframe........ 🤔

different basin , already over 15 billion barrels estimate on previous orange basin discoveries, but ours next door on trend, so the odds are good for ours if/when drilled, if lard **** ever gets his act together............glalth.

Dragged down to get sellers to fill some big orders and the orders still coming at the end of the day, bonus a very nice trade UT on the end of the daily pre market close auction 1630-1635. More of the same tomorrow. Big money want the PI's out of the game, then watch it fly. GLALTH

05-Feb-24 16:27:48 2.67 1,053,804 Unknown* 2.65 2.70 28.14k O

05-Feb-24 16:25:29 2.6743 2,431,178 Unknown* 2.65 2.70 65.02k O

05-Feb-24 16:20:23 2.636 2,151,323 Unknown* 2.65 2.70 56.71k O

05-Feb-24 16:20:08 2.636 1,897,040 Unknown* 2.65 2.70 50.01k O

05-Feb-24 16:16:46 2.715 1,065,263 Unknown* 2.65 2.70 28.92k O

05-Feb-24 08:13:43 2.80 4,129,500 Unknown* 2.65 2.70 115.63k O

05-Feb-24 08:09:58 2.961 4,000,000 Unknown* 2.65 2.70 118.44k O

05-Feb-24 08:26:31 2.41 5,013,000 Unknown* 2.65 2.70 120.81k O

05-Feb-24 16:14:45 2.7582 1,450,437 Unknown* 2.65 2.70 40.01k O

05-Feb-24 16:12:50 2.7566 972,794 Unknown* 2.65 2.70 26.82k O

05-Feb-24 15:52:17 2.791 1,542,907 Unknown* 2.65 2.70 43.06k O

05-Feb-24 15:49:10 2.84 1,053,804 Unknown* 2.65 2.70 29.93k O

05-Feb-24 15:42:00 2.80 1,900,000 Unknown* 2.65 2.70 53.20k O

05-Feb-24 16:37:16 2.70 56,060 Buy* 2.65 2.70 1,514 O

05-Feb-24 16:35:27 2.85 1,655,635 Buy* 2.65 2.70 47.19k UT *****

05-Feb-24 15:34:31 2.76 1,000,000 Unknown* 2.65 2.70 27.60k

What thinks he's been NOBbLEd, picked the wrong end of the basin ?😂

he got extra fertiliser (Nitrogen) and we got the future of the planet, Green Gas Hydrogen😍

On the other one, the $650m loan from Gov SPW Fund to Timor Gap NOC, was tagged with , to be repaid from whenever Sunrise production becomes a reality, no dates, just when the funds flow for TG. Everything TG have done so far is under loans or via, its annual budget (ticking over money) payment. Owe's its owners the Gov a lot but unless policy changed, it has been as flexi as they come, all pending production cash flow/profits.

Has to happen, spent billions on staff and training , other infrastructure specifically for beaco, roads, highway, airport upgrades and new ports for offshore ops, plus the loans to TG, internationals and local NGO's have slated them for spending this money , on an invisible industry, that may never happen, imagine the flak, if it fails now, after 2 decades of its coming to the Island , soon , imminent, all agreed (in their heads) with JV partners, etc, etc

We go again tomorrow, will it be red or blue, some bland news, or a breakthrough ?

Not pessimism , just fact, said 4 years ago, nothing of note will happen until, the locals resolve their issues and agree to something , anything, that the Industry will get onboard with, or break the 20+ year mould and permit another method, like our FPSO, Shell and Mitra wanted to years ago via FLNG, never happened for them, TL holding nothing but territorial rights and zero equity in the projects att, blocked everything as Beaco was coming soon (see how that's worked out)

Gas of more value now than back then, someone will want those Billions of production cycle, pre price boom Sunrise valued $65-70 Billion, makes Chuditch 40B with plenty of known upside fk and nose, what also Idle Kelp is worth, Mobil (Exxon) 1998 discovery, they slapped a 10-14.5 TCF on it and left it behind. Potentially bigger than Sunrise and Chuditch put together. 😲

Still also hopeful, the timelines for Chuditch and Metinaro , much earlier than Beaco (5 years on last tenders) are made for each other using FPSO, as SG plan. Can always open up more wells (sunrise plan 26-28 wells) later to feed the pipeline if that is still the Islands end game for 2030 and beyond........... GLALTH.

Yes the players that left frustrated, upside for us, we now hold a Super Majors asset, big reward by default and nepotism one day rodney, one day.......😲🤑🤑🤑🤑

This is why they have said, don't want the likes of us, crave the Majors return, we and other minnows, toooo slow.

Same as Boil 800 sq km seismic re run 2 years, Woodside re run full 3200 sq km next door , 12 whole hours of a single day and then follow on analysis. Vastly different timescales in play.

That's with snail paced Boil running the show, JV or Sale , real offshore player in charge will be much much sooner.

Minnows talking 1 or poss 2 wells, Major/Tier1, will bang down 25-30 wells asap FFD. Metinaro by 2025/26, Majors can easlily make that happen. 🤨😉🤑

Same again daily, through Friday, will do nicely 😉

Spread is just arbitrary , range of prices up and available , always more than the limits on offer, some wanting cheap shares others looking for higher, more MM's in play and diversity in pricing, the wider the spread becomes, be those chancers getting any business or not. Likewise often narrow spreads are caused by the limits dropping off, will be back reloading, meanwhile, the mm's all around the mid price, some sometimes all, working the wrong side of the guesswork labelling mid that remains, hold sway lots of mislabelling buys and sells and vicky verka, until those reloading complete and play again........GLALTH.

Market cap is always the real high, never old sp's, recent high for HE1 around £170m

on success, should go beyond the historic high, MC , rare as rocking horse poop sp.

They are ahead of us, showing 0.4 on Bloomburg US markets at todays exchange that's 3.2p

GLALTH............

https://www.bloomberg.com/quote/HLOGF:US?leadSource=uverify%20wall

HLOGF:US

Otc Us (USD)

Delayed price as of

10:55 AM EST 02/05/24

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Market open.

0.04 +0.02+92.31%

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