Member Info for VisitTimor

Sadly for ukog holders, MP came took a look and quickly sussed out Sanderscam and dumped el rapido, causing just as crazy a crash, back into the 2p range and then crucified by death spiral wonga kings (not an ii) YA PN II as they are now known, after multiple name changes since the scum came to market in 2000.

Often stall while real investors/sector players allowed in on the cheap, Ukog floor to 12p a few years ago, sp went plink plink fizz on Horsehill discovery, then suddenly went MENTAL.

The hold up French Major Maurel Prom, over 3 trades and 3 days, bought over £6m on the open market, each trade printed 3 days after the event , all at 15-20% premiums to the highest prices each of those days. Once they were done, the handbrake ditched, the TR1 revealing the identity arrived much later (what a shocker).

And there's another 172m mc post......

Old sp's are worthless, however the real market high , remains valid and the norm is for companies that progress, go past that old MC high (no matter what sp that gives now) , the previous high from some of lth's is 165-170m, so in terms of that on success, now very undervalued and awaits a market correction, not another set of spikes.........GLALTH.

Old, posted by filthy and others the day it all happened and a head up prior of the meeting happening, we still wait for some CONCRETE news of our own, on project movement/support/a permissible route to market, as its been since day1.

Day we get that ,its a big re rate for investors, not just another spike for those visiting and investing.😲🤑🤑🤑🤑

Hell S, I would kiss Horta for a yes you can NOW and public backing, let the others fend for themselves, Baron sell and get out of dodge, with a war chest , shareholder dividend and new Portfolio of assets, to be primed for another big payday.😂

Yes been a crazy 20 plus year stalemate over 10% but its less , would have Zero cost for facilities, if refused Darwin and FLNG had been permitted, around an extra 100 Billion in the SPW Fund, if the 3 fields mentioned had already been drained and more lined up from huge area's of exploration still to be covered.🙄

TL studies 2021 was Sunrise , Chuditch and Kelp's whopping 14.5 tcf, so a potential around 30 tcf , co-ordinated development of all 3 to feed Beaco via the HUB from day one.

That is waaaaaaaaaaaaaaaaaaaay to much, over 5 Billion boe to be ignored , in a now gas friendly environment.

TL do not have the finances, that's been the hold up, like the original Beaco plan, please give us $16 Billion and we will pay our share back from operational profits when in operation.

Now according to the demon duo, have multiple other countries waiting in the wings to fund the development, without killing their own SPW Fund, been warned by IMF others, further loans for other sectors hang on TL making contributions and not depleting the fund with oil and gas funds to do so. (rock/hard place)

Personally liked the Qatari Ministers comment, when linked, said , we will show the world what WE can do !

Not a dicky birds since, expect as usual all in the air, waiting on Australia, showcase Beaco/Sunrise can not happen without them, legal framework of the 2018 Timor Sea boundary settlement.

Then Sunrise 50/50 , OZ to get things moving ceeded 70/30 Darwin or 80/20 Beaco, both in favour of the Island, everything else 100% TL, so why are they all still stalled, all still wait on that hornets nest to be resolved.

Australia have also said going to support this time, so we wait GREEN LIGHT other options, or the eventual refinery route (2030'ish) if they fail to agree after the latest studies, OZ should hang its head in shame and do the decent thing, step aside for Mid East/China/other to get on with it (without the framework compensation entitlement) 🤔

They have supported the Island since arriving with the mostly Italian UN peace keeping force, still run a lot of social programs, they and Santos have their own JV with Koreans, so yes pathetic failure of a bid round, allowed them to cherry pick area's R and P they can afford to wait it out, deep pockets and those two the most likely area's along with ours, to offer up more finds, R wider area Bayu license, Area P long thought to be the host kitchen that feeds both Chuditch and Sunrise, so they are both set if/when things break.

The more curious one is , Woodside and Santos are in talks over a merger, if that happens, Woodside get access to Area R , Area P (santos/eni jv) as well as Sunrise/Troubadour (Greater Sunrise) , take Chuditch and that consortium have the full set. 🤔

Size and Scale never been in doubt , Shell 90's development of the whole license 3,700 sq km , not just the 800 sq km played with at a snails paced catch up by Boil, they had over 5 tcf plus many other leads on the license , one being Quokka we caught the edge of on the sesimic re run from 2013.

The only question has ever been, how much of that we will get credited for in an outright sale, if the area ever opens back up ?🤔😲🤑🤑🤑🤑🤑

So its as close as its ever been, past 20 years of Island we want all to Beaco, Industry we want FLNG/Darwin, no certainty Woodside will not say the same after yet another review and set of studies.

Been pumping in millions for 2 decades , no change , just now EXPECTING , someone to pay for their dream and Woodside/Australia, to back down and go with the flow to the Island, Meg still left it open, new studies with a bias towards Island plan but will still be looking at Darwin/Other economics for Sunrise.........

Timor Trench to get to the Island 2600-3500m DEEP, its why Conoco took Bayu to Darwin, max few hundred feed but generally shallow waters and why the Majors had ZERO interest in Beaco in the past, Trench moves and seismic, around 4m of movement predicted for over Bayu production life, which was 2005-2023.

The trench risk of pipe failure , conoco came up with a suspended bridge pipeline, under shipping and held down by huge concrete blocks/wires, shareholders rejected on costs (permanent diving teams/maint) risk of failure and poor onshore economics, their refinery would have been , near Bettano Oil refinery, central South Coast.

Have said in JV talks since 2021 , time for something solid, be it finally someone coming off the fence for a JV (player not another minnow) and TL public backing for SG plans , not their own (as in their studies for Beaco, included Chuditch)

Its always been there, discovery 1998 Chuditch Shell 5+ tcf and Kelp 14.5 tcf Mobil, in addition to Sunrise 5 tcf with side kick Troubadour 240mb condensate 1974 and many licenses of 3200-3600 sq km, still awaiting major exploration.

Just the local politics, that have stalled it all, while the Australian and Indonesian areas of the Timor Sea , have been prolific since the 1970's, TL Waters the filling in that sandwich, all on trend with both, law of averages has to be more giant finds to be had in TL Waters.

When the door finally opens, it will be a stampede for those riches, currently valued pre gas boom at conference Sunrise sits on Woodside (34%) books at $0.00c since 2018 y-o-y reductions, when once hundreds of millions on their books, the day that is reversed, likewise Chuditch gas will have some value in our Market value. 🤔

WRONG BOARD SORRY - IGNORE........

Its always been there, discovery 1998 Chuditch Shell 5+ tcf and Kelp 14.5 tcf Mobil, in addition to Sunrise 5 tcf with side kick Troubadour 240mb condensate 1974 and many licenses of 3200-3600 sq km, still awaiting major exploration.

Just the local politics, that have stalled it all, while the Australian and Indonesian areas of the Timor Sea , have been prolific since the 1970's, TL Waters the filling in that sandwich, all on trend with both, law of averages has to be more giant finds to be had in TL Waters.

When the door finally opens, it will be a stampede for those riches, currently valued pre gas boom at conference Sunrise sits on Woodside (34%) books at $0.00c since 2018 y-o-y reductions, when once hundreds of millions on their books, the day that is reversed, likewise Chuditch gas will have some value in our Market value. 🤔

Yes its been way to long, they have contradicted our plans, with their own, time for some public backing for our FPSO plan and as ever still hopeful , we are front and centre for Metinaro Gas/LNG Imports facility (2025 ish) vice waiting until Beaco built (2030 ish) Gas/LNG Exports facilities.

That first ever YES by TL and an offtake agreement in one, if only Carlsberg did boil rns's

This all started with a dog and pony show presentation of the Non tender to Sundagas of Chuditch , to launch their own industry and bid round, be quite fitting, if they did the same again, to bring on a bidding war return for production.🤔

Andy B, also a Vice President of SEAPEX, so he rubs shoulders with the elite on a regular basis, as do other members of SG, arranging conferences, presentations, dinners and even golf events for the Industry. If anyone can bring them together, it is AB and his connections. GLALTH