Baron Oil Share Discussion Threads

[demonboy] 06/7/2020 23:44

GlobeNewswire??TGS Announces 2Dcubed Seismic Project to Cover License Round Acreage Offshore Timor-Leste  June 17, 2020 01:50 ET | Source: TGSAsker, Norway (17 June 2020) – TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced that in collaboration with the ANPM, it has commenced a 2Dcubed  seismic data project covering offshore Timor-Leste, in support of the country's ongoing license round.The project combines all available open file and TGS multi-client data across an area of over 50,000 square kilometers and incorporating over 2,500 lines and existing 3D's within the planned area. The 2D data, from over 45 legacy vintages, covers the entire offshore area south of Timor-Leste where the 11 offshore blocks in the second license round are located.The final multi-client 2Dcubed data will be unrivalled in its comprehensive coverage, allowing customers to develop structural and geological models in their pre-study evaluation process using a single conformable 3D volume, imparting confidence in their license round decision-making processes and supporting further exploration.2Dcubed is a unique technology from TGS for generating a 3D seismic migration volume from a set of 2D and 3D seismic lines. It uses an advanced structurally conformable interpolation algorithm to maximize the potential of existing 2D multi-vintage and 3D data. The volume can be used for regional interpretation and optimization of 2D survey designs and positioning. The very high density of the available 2D legacy data offshore Timor-Leste lends itself to maximizing the effectiveness of 2Dcubed, which also merges local 3D surveys, where available. Similar projects have been undertaken in other Asia Pacific basins in Indonesia and Australia to industry acclaim, as well as offshore Sakhalin, Russia, and throughout the Norwegian and UK North Seas.Availability of the first deliverables is expected from July 2020, with final deliverables estimated around September 2020. This will allow E&P companies ample time for data evaluation prior to the closing of the license round, which is anticipated to be during the first half of 2021.Kristian Johansen, CEO at TGS, stated: "By making our 2Dcubed product available covering offshore Timor-Leste, we believe we are offering E&P players the most cost-effective de-risking tool to evaluate the available license round acreage on offer using a 3D seismic data volume. This will be key to companies seeking to develop opportunities to invest in the oil and gas potential of Timor-Leste in the coming years."This project is fully supported by industry funding.Note to editorsThe Government of Timor-Leste launched its international licensing round for oil and gas exploration in the country on 3 October, 2019, in the wake of the ratification of a new maritime border treaty with Australia established on 30 August, 2019.The Government approved the allocation of eighteen new blocks to petroleum activities, seven of which are located onshore and eleven offshore, in the exclusive zone of Timor-Leste. Public tendering procedures are being conducted by the National Authority for Petroleum and Minerals (ANPM), the regulator for country's petroleum sector. A final date for the closing of the round was expected to be October 09, 2020. However, due to the global pandemic, the government has indicated its intention to further extended the closing to the first half of the 2021 Further details are to be made public soon.At the time of the license round launch, Timor-Leste's Prime Minister, Taur Matan Ruak, said: "This is a long-awaited licensing round, more than a decade after Timor-Leste conducted its first Licensing round in 2005/2006, so I invite you all to participate and join Timor-Leste in the construction of a brighter future for its people."About TGSTGS provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.

[demonboy] 06/7/2020 15:26

I think the Moray Firth and Chuditch are key players here, there's a online series on the 9th of July see what the outcome of that is , see from there I suppose, jmo.

[demonboy] 06/7/2020 15:24

Why would they they hold I think 35% interest.

[carlisle44] 06/7/2020 11:14

Any chance Boil might sell its SE Asia interest?

[demonboy] 05/7/2020 09:33

https://www.marketscreener.com/business-leaders/Malcolm-Butler-0CFKZY-E/biography/

[nlmbidc] 05/7/2020 07:58

Yes Uncle/Nephew.

[demonboy] 05/7/2020 00:38

Are Andy Butler of Sundagas, and Malcom butler of baron oil related.

[demonboy] 05/7/2020 00:35

Malcolm Butler, 70Executive Chairman, Baron Oil PlcMalcolm Butler is a businessperson who has been at the head of 8 different companies. Dr. Butler holds the position of Chairman for Corfe Energy Ltd., Executive Chairman of Baron Oil Plc and President & Director at Waterloo Oil & Gas LLC. Dr. Butler is also on the board of 6 other companies.Malcolm Butler previously occupied the position of Chairman for Brigantes Energy Ltd., Non-Executive Director at Hague & London Oil PLC, Chief Executive Officer for Brabant Resources Plc, Chief Executive Officer at Industrial Scotland Energy Ltd., Chief Executive Officer for Energy Development Corp. (United States) and Advisory Director at HSBC Investment Bank Plc.Dr. Butler received an undergraduate degree from the University of Aberystwyth and a doctorate from the University of Bristol.

[demonboy] 05/7/2020 00:01

PRODUCTION SHARING CONTRACT SIGNING FOR CONTRACT AREA TL-SO-19-16November 8, 2019 Media Release NewsMEDIA RELEASEPRODUCTION SHARING CONTRACT SIGNING FORCONTRACT AREA TL-SO-19-16dsc03201Today, November 8, 2019, the Autoridade Nacional do Petróleo e Minerais ("ANPM") on behalf of the Ministry of Petroleum and Minerals, representing the State of the Democratic Republic of Timor-Leste, signed a Production Sharing Contract (PSC) TL-SO- 19-16 with SundaGas Banda Unipessoal, Lda. ("SundaGas") and TIMOR GAP Chuditch Unipessoal, Lda. ("TIMOR GAP").This PSC is granted pursuant to Article 13(2) (ii), (b) and (c) of the Petroleum Activities Law No. 1/2019 of 18 January, first amendment to the Law No.13/2005, of 2 September 2005. Minister of Petroleum and Minerals approved the award, Production Sharing Contract TL-SO-19-16 (PSC TL-SO-19-16), through direct negotiation, of the concession containing the Chuditch gas discovery, to the Contractor Group composed of SundaGas, as Operator and a 75% (seventy-five per cent) participative interest; and TIMOR GAP., with a 25% (twenty-five per cent) participative interest.The PSC TL-SO-19-16 is situated in the south of the former Joint Petroleum Development Area (JPDA) with total Contract Area approximately 3571.49 square kilometres. SundaGas and TIMOR GAP are committed to carry out Exploration Work Program for a seven-year Exploration Period.The Minimum Exploration Work Requirements in the initial period (Years 1-3) include the seismic reprocessing (Pre-Stack Depth Migration) of 800 km² of 3D seismic data and 2000 line kilometres of 2D seismic data, and review of hydrocarbon potential of the entire contract area (geological and geophysical studies), and drilling of one (1) appraisal well if the result of the seismic reprocessing supports the presence of a significant structure associated with the Chuditch discovery. The second period (Years 4 and 5) includes Post-Well evaluation study and drilling of one (1) exploration well, and development scenario planning for Chuditch discovery. The third period (Years 6 and 7) includes geological and geophysical studies, development scenario planning, and drilling of two (2) exploration or appraisal wells. dsc03209Dr. Andy Butler, SundaGas CEO, commented: "We are delighted to sign the Chuditch PSC today with ANPM and with the help and support of our partner, TIMOR GAP. Our first priorities are to refine our understanding of the significant Chuditch gas resource and identify the optimal location for the first appraisal well. We will do this in parallel with the maturation of additional prospects to put together a drill-ready exploration portfolio. This is a very important milestone for SundaGas, and we look forward to progressing technically and commercially to ensure the timely development of the discovered and undiscovered resources for the benefit of Timor-Leste."Francisco Monteiro, President & CEO of TIMOR GAP, E.P., commented: "As National Oil Company of Timor-Leste, TIMOR GAP is pleased to sign this PSC with our Joint Venture partner and ANPM, on an area which was part of the JPDA, and now exclusively part of Timor-Leste jurisdiction. We look forward to working closely with our SundaGas partner, ANPM and the Government of Timor-Leste to explore the area, which has important gas discoveries already, such as the Chuditch gas discovery."The ANPM President Gualdino da Silva stated that, on behalf of the Ministry of Petroleum and Minerals, is looking forward to working with SundaGas and TIMOR GAP for delivery of the work commitment under the PSC TL-SO-19-16 in a safe and timely manner. ANPM is committed to continuously working with oil and gas companies, and all the relevant stakeholders, to creating more opportunities to the oil and gas investor to conduct petroleum activities in Timor-Leste".######

[demonboy] 04/7/2020 23:53

Signing of Production Sharing Contracts with offshore petroleum operatorsPrintJOINT PRESS RELEASEMinister for Foreign Affairs and Cooperation of Timor-Leste, Dionisio da Costa Babo Soares Minister of the Presidency of the Council of Ministers and Acting Minister of Petroleum and Minerals,Hermenegildo Cabral PereiraAugust 28, 2019The Government of Timor-Leste has today completed the 'transitional arrangements' process required for the Treaty between the Democratic Republic of Timor-Leste and Australia Establishing Their Maritime Boundaries in the Timor Sea to enter into force on 30 August 2019.Following a period of extensive consultation and negotiation, which started before the signing of the Treaty in March 2018 and continued thereafter, the Government has today signed five revised and new Production Sharing Contracts with the oil and gas companies affected by the Treaty to ensure that they will have certainty and security for affected offshore operations in the Timor Sea, across the period of transition from the Timor Sea Treaty to the new Maritime Boundaries Treaty.The Government has also today signed further arrangements with the Australian Government on exchange of taxation information between Timor-Leste and Australia, and two Memorandums of Understanding between the institutions of the two States to allow for cooperation on petroleum related matters (specifically, on the management of the Bayu-Undan pipeline and on transfer of geological data and related cooperation).The signing of these five Production Sharing Contracts and further arrangements with the Australian Government are necessary pre-conditions to the exchange of diplomatic notes between Timor-Leste and Australia, that will allow the Maritime Boundaries Treaty to come into force on 30 August 2019.With this 'transitional arrangements' process complete, the Government now looks forward to the entry into force of the Maritime Boundaries Treaty in two days' time. ENDS

[demonboy] 04/7/2020 23:45

I can see a build up til the energy online series hit the web. On July 9th.

[demonboy] 02/7/2020 16:54

https://d2f01vdlwcs5n6.cloudfront.net/wp-content/uploads/2019/06/Screenshot-2019-06-05-12.18.08.png

[demonboy] 02/7/2020 14:00

https://www.oedigital.com/news/476674-repsol-sinopec-to-tie-in-tain-to-bleo-holm-fpso

[demonboy] 02/7/2020 13:54

Plentiful of big buys going on here recently.

[demonboy] 29/6/2020 22:53

https://www.in-vr.co/timor-leste-online

[demonboy] 29/6/2020 13:43

Party poopers

[iamgreat1] 29/6/2020 10:35

Company destroyed their share rise in one hit

[bowssbyjuhelm] 29/6/2020 10:21

I'm up 40% thought I'd get you guys out your misery here. Cant help everyone. SOU to close at 3p today. Mark my words. Quote me later

[daar] 29/6/2020 10:17

Not so great news

[sharif1987] 29/6/2020 10:06

Sou up 50%

[carlisle44] 29/6/2020 09:47

nothing unexpected

[paddyfool] 29/6/2020 09:46

that was a massively underwhelming announcement...

[bowssbyjuhelm] 29/6/2020 08:47

SOU with some great news out guys!

[carlisle44] 29/6/2020 08:24

Might it sell its SE stake?