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Moved into the 0.07p range many times , will this one stick and better still move on UP ! ππ€
https://youtu.be/iN3KsbnQZxU
China built the grid under BRI level 1 , two weeks ago China raised TL to BRI level 2, with a commitment to get involved with TL Infrastructure CONSTRUCTION.
P.I.T and 90-120 day gas/lng tank farm (by 2025/26) with conversion to gas of the Islands 3 power stations, will take funding of Billion/s, was the recent Minister and teams visit to China to set up the paperwork to be signed by Horta on his upcoming visit to China. Big BRI money coming.
TL Ministry of Strategic P&I have an MOU with the China Ministry of overseas development, Metinaro , Beaco/Natarbora and the Betano oil refinery, all under the P&I ministry. Head of the China Gas, made a visit with team, to TL recently.π€
Have posted for a long time, timelines for Chuditch FPSO and Metinaro, made for each other. ππ
Metinaro PIT , to complete modernisation of Timor Leste Energy under SDP 2011-2030 .
Based on this World Bank data, universal access to modern forms of energy, a 2030 target of both Timor-Leste's Strategic Development Plan [45] and SDG 7, seems to have been achieved. However, the resultant provision of energy services appears less promising. Timor-Leste's HDI was 0.607 in 2021, ranking it 140 of 191 countries and territories and below the average of 0.749 for countries in East Asia and the Pacific [47]. As shown in Fig. 3, Timor-Leste's health (life expectancy) index has steadily improved since 2001, and the education index has largely plateaued. The income index, based on Gross National Income (GNI) per capita, is dominated by the petroleum sector in Timor-Leste β which is of little direct relevance to the non-oil sector, where most Timorese work. This index has fallen since 2010 as petroleum production declined [48]. Overall, Timor-Leste's HDI has shown little improvement since 2010, while electricity access doubled to 100 %. The effects of improved electricity access on development outcomes appear less than observed internationally.
Taken from a much bigger news article , on the link between life expectancy and stable secure energy supply to a Nation
Still in the good day zone , aimx 106m v 10.6m aqse (10%)
0.07p being paid again, will it break out π€π²π€π€π€π€π€
Be nice but do not think likely, AB has said , looking to have all sorted in Q2 (Apr-June),his recent comment , of multiple interested parties AND , some VERY INTERESTING offers, leads one to think, he can take his time and explore, all options open to him, also indicates, some serious players now entering the arena.π€
All good for us, cracking deal coming π
Broker notes are always ultra conservative, back when Rockhopper going to drill Sealion (500mbo) in the Falklands, the brokers note was 89p, on success, it had already risen from 5p to 25p , thought maybe/maybe not to late, went with the gut and it on success , flew to Β£5.72p. (114 bags from the low)
Chuditch by boe + potential upside bigger than 500mbo , take Boil limited figures 3.5 tcf - 595mbo/e or Shells old data of 5 + tcf - 850 mbo/e plus additional leads (like Quokka was bandicoot to add)
The 3.5 tcf presentation to the TL Ambassador in London said just that worth over $10 billion to TL in revenues , T/Gap only owning 25% at that time = over $40 billion 100% rate.
Shell and Conoco after saying leaving for many years, finally did when TL Gov gave a loan of $650m to T/Gap for their combined 56% of Sunrise = $1.2 billion 'ish 100% , similar to what cove got $1.25b for its offshore Mozambique/Tanzania similar sized asset, after a bidding war started by Shell and won by the Thailand NOC
So what is 60% of Chudtich worth (plus quokka other upside) , AB has a strong hand , for a cracking deal.
After being marked down year on year , Woodside finally dropped its value on the books for Sunrise a few years ago, the final chuck dropped off its 34% was dumping another $178m off to $0.00c, use to be several hundred million $
This is the scale of Chuditch , to a new real offshore long term developer. π€ GLALTH
ππππ
Only traders, skimmers and scalpers interested in teeny tiny spikes, investors in for the Journey and
1,000-10,000% News driven rises and rerates. ππ²π€π€π€π€π€π€π€π€π€π€
Https://media.tenor.com/Fw2pDGacPvcAAAAM/disney-moana.gif π
Chuditch contract TL-SO-19-16 awarded to SundaGas and TimorGAP
In the first new contract signed after the Boundary Treaty came into effect, on 8 November 2019 ANPM awarded a no-tender contract to Singapore-based SundaGas (75%, operator) and Timor GAP (25%) for a 3,571 km2 area in the former Joint Development Area. It is part of former contract area JPDA 06-101A, which includes the Chuditch gas prospect
AB and team awarded for services rendered since 2016, long before Boil joined after a failed RTO (could not raise cash) with and initial 33% SG / 25% Chuditch
Fast forward 4 years and AB back in charge and control of SG/Chuditch destiny......
Right man , right time, right place........ π
Https://www.laohamutuk.org/Oil/PSCs/220426ContractsAwarded.png
If this does not change, AB could after getting a wedge (jv cash plus deal) be tempted to pick up a 2nd huge license block offshore π€
Broken record and clock , one day after months, you will be right but sfa to do with your predictions.
News , news , news........... GLALTH
Think you can guess the **** in that link, the right honourable gentleman representing πΈπ₯πΈparties ππ
dated 18th april on google search , can one of you fb types take a look , see if anything good in it π€
https://www.facebook.com/100069366932789/videos/timor-leste-networking-****tail/323415164048793/
What can't wait until Wednesday ????? TL Constitution -
Article 5 Meetings
4. The Council of Ministers shall meet on an extraordinary basis whenever summoned for this effect by the Prime Minister or, should the Prime Minister be absent or indisposed, by the minister replacing him, with the prior authorisation of the Prime Minister.
5. The provisions set out in the present Rules of Procedure shall be applicable to the extraordinary meetings of the Council of Ministers, with the necessary adaptations
After bizarre figures on the aqse Friday, normal good day service in progress
AIMX 51m v 5m AQSE 10%
Extraordinary Meeting of the Council of Ministers
2024-04-22
4 pm, Government Palace
http://timor-leste.gov.tl/?p=37384&lang=en
no minutes till later
routine cabinet Wednesdays at 09;00-09.30 start , minutes for them usually 10-11 am our time
The conference clarifies the key areas of economic and trade cooperation between China and Portuguese-speaking countries (PSCs) in the next three years and reinforces Macao's role as a commercial and trade service platform.
The main events of this conference encompass the signing ceremony of the Strategic Plan for Economic and Trade Cooperation (2024-2027) and the Entrepreneurs Conference for China and PSCs.
Nine Portuguese-speaking countries, including Angola, Brazil, Cabo Verde, Guinea-Bissau, Equatorial Guinea, Mozambique, Portugal, Sao Tome and Principe, and Timor-Leste
Vice PM given full signing permissions, as Gusmao travelling UK/Europe and Horta other business then off to Portugal.
Even the old bod, had Chuditch in the presentation , as depending on operational status, worth 1.7 - 3.7p per share to the company, with the latest dilution, that is still high 1 - 2p a share. That with none of the long known (shell history) upside in play. π€ GLALTH
Our high is a tad under 0.2p (Β£49.85m) , high always MC never old sp, it likewise gets diluted with the placings.
Said last time break the high and its BLUE SKY RISE , we did and on a something might be happening in the future , smashed through it to then do another 100% on top 0.17p broke to kiss 0.35p (started from the same range now)
That was on something might, this time we are expecting , news on SOMETHING IS HAPPENING, expect MC High to be smashed once more , once in new territory BLUE SKY , anything can and often does happen, especially with a reddit style following herd wind π€ GLALTH