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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Baron Oil Plc | BOIL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.0025 | -3.57% | 0.0675 | 08:47:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.07 | 0.0675 | 0.07 | 0.07 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 10/5/2024 08:44 by tradedesk1 Baron Oil gathering momentum as its counting down to exciting appraisal campaign in Timor-LestePublished: 09:5 Written by: Jamie Ashcroft About this content ViewBaron Oil PLC AIM:BOIL Baron Oil PLC (AIM:BOIL) is gathering momentum behind the scenes as Andy Butler continues to put his stamp on the junior energy company that’s preparing to seize an exciting opportunity. The plan for 2024 could see the company reach a major value catalyst by year’s end. Right now, Baron is undertaking preliminary work – completing site surveying, rig contracting and permitting for the Chuditch gas discovery in Timor Leste. Chuditch, first found in 1998 by Shell, has the potential to be a significant and valuable project, not least for the state of Timor Leste as the project promises to be a new and important input for its economy. Its importance to the country is underlined by the state’s active participation in the project via its national energy company Timor Gap EP (TGEP). Baron holds a 60% interest in Chuditch, with TGEP owning the other 40%. TGEP’s stake increased earlier this year through an ‘earn-up’ In March, not long after the TGEP deal, Butler was promoted to group chief executive, stepping up from his previous position as the company’s Asia-Pacific lead. With the fresh financial backing and with Butler at the helm, Baron is now putting in the remaining groundwork for an appraisal programme that aims to not only confirm the scale of opportunity at Chuditch but to also provide insights that the company and Timor Leste can use to develop and commercialise the field. Key to unlocking the field has been the use of contemporary technology and analysis to better model the discovery. "The issue in that area tends to be that because of some very shallow geology and some complications in the seabed, seismic imaging at depth has proven very challenging in the past," Butler explained to Proactive. "You can see [in the data] where the well was drilled by Shell when they discovered this field 25 years ago, but before you couldn't really see the extent of the field, to the parts that go up from the well towards the crest of the field, it was just invisible in the data. "In the past, you would really be guessing as to how big it [the resource] was. And of course, you can't really invest on that basis. "So we've been able to do using modern algorithms, seismic reprocessing, and a very intricate and intense process is to get an understanding of all of the geology above the field, in great detail." Baron’s approach means that now, for the first time, the company is able to properly image the field. And, the image that Baron sees is encouraging in terms of the project’s upside. According to Butler, the data indicates the original Shell well was drilled at ‘the very margins’ of the field and that the rest of the field could be much larger. “It's a long, elongated feature set up by a fault," he said, talking geology. "So it's more than 20 kilometres long. "And the principal location where we're planning to drill will have about 150 metres of gas column in it where there was only 30 metres in the original well." "We have something that we originally thought was about 700 billion cubic feet of gas." "The work that we've done has demonstrated that in our mid-case, the resource for the discovery is about 1.2 trillion cubic feet of gas. So that's more than a 50% increase in the resources that we thought were present." Baron has, with its desktop work to date, advanced Chuditch from a higher risk and largely undefined opportunity into a lower risk and investible opportunity that should in a matter of months be put to the test with the drill bit. Importantly, it is not just the project that’s moved on since Shell drilled in 1998. The Asian gas market has developed significantly since then. It is now a very robust market regionally, and, locally, Chuditch is in the vicinity of infrastructure which means the project can potentially delivered commercially without huge capital costs. First, however, the company’s focus will be on the appraisal programme. The next material item on Baron’s to-do list will be the signing of a rig contract, to secure the timeline to drilling – all the usual planning and permitting items will also need to be checked off too. "We're also very much looking ahead to what happens after well, and how quickly can we move forward with future activities,” Butler added. "We're moving forward with fast-track development type of thinking." Evidently, 2024 and early 2025 promises to be an exciting time for Baron and its shareholders. Investors will understandably be watching the closely as the project advances. |
Posted at 30/4/2024 09:30 by eddie jackson Picked up abit of intel from a pal who works in this sector,he suggested that Baron Oil have caught the interest of a major Bahrain investor who has connections with Barons new boss.If that comes to pass we will see many new eyes on this IMOWould not suprise me at all to see something like that happen,the prize on offer for them would be hard to resist surely.Game on here soon IMVHO |
Posted at 28/4/2024 09:27 by jungmana From that brilliant article from a reputable source:"Significantl |
Posted at 03/4/2024 17:32 by stocktrend2 #Lvcg- Mostly debt free - Cashed up for at least 12 months - Bricklive and reduced op - Debt converted at 3p . David buys at 6p (£250k) Issued £1.7M Convertible loan at 3 p 2 cornerstone 2 signed 1 to sign this week 400m shares. Interview below youtube.com LIVE COMPANY GROUP PLC - Investor Presentation |
Posted at 12/3/2024 21:33 by jungmana Back on the filter you go. I bet you don't have 10% of that amount in your pot that's why you keep trolling.Infact the average UK private investor has less than 50k pounds on stocks and shares. |
Posted at 03/2/2024 19:56 by luckyabbeygale MisterPositivePosts: 23,282 Price: 0.10 Strong Buy RE: Top takeover targets - BOIL mentionedToday 13:32 Excellent posts from some Top posters here (VisitTimor, Dougb, Jarv, filthycure) to name a few. Cannot remember other names but you know who you are. I doubled my Holding here on Friday taking advantage of the temporary drop from end of week Day traders taking profits. So thank you. Looking to double my holding again next week. This price is a gift with recent developments. More news updates due. Timor-Leste Govt after all these years has finally been hit with the realisation that Chuditch needs to come online first and will be before Sunrise. Chuditch will attract Big Majors back to Timor-Leste. Valuation wise, using Victory £32m that Shell paid, i am happy with £656m (3.29p) for Chuditch 3500bcf at 75% share which has major upside on top. Shell estimates back then were 5000 bcf. We can also argue that reduction to 60% could be more than offset from increased resource from the additional leads and area not included in the 3500bcf case rising to e.g 10 TCF as a guide. Will have to wait and see. There is lots going on in the background. We might equally attract BIG MAJOR in coming weeks or months by transferring lets say another 30% or 40% on a completely FREE Carry basis all the way to First Gas. OR Incoming BIG MAJOR might just buy out our full 60% working interest (via SundaGas shares BOIL own) for upfront CASH and become Operator. Chuditch-2 appraisal well is lot more advanced now compared to 2-3 years ago. So any of above scenario can play out. With upfront CASH received, BOIL can buy up new Oil & Gas assets anywhere OR in North Sea OR even increase Dunrobin share to 100% share plus SPECIAL DIVIDEND paid to shareholders from cash received. 2024 is shaping up to be an exhilarating year for BOIL investors after a decade or so. Do NOT sell out on the cheap is what i would say. Lot of upside yet to come. Thursday was just a trailer before the movie starts. GLA, please DYOR. I done mine. MP |
Posted at 24/1/2023 10:20 by hazelst Why do non-investors worry so much? |
Posted at 15/11/2022 18:09 by supercity Twitter is rife tonight with people claiming to have thrown their money in to this (one saying 100k)...is it not blatantly obvious to investors that the spike was purely to get the fund raise done.Nothing more, nothing less - and down it will go in the next few weeks. |
Posted at 15/11/2022 14:19 by scepticalinvestor Yet another bargepole microcap which only seems to enrich the BOD. Years upon years of serial disappointment and failure, soaking up these thick punters, ahem, investors hopes and dreams like an infection. |
Posted at 26/10/2022 22:41 by alasdair100new One of the first times I've been sold of the promised land in quite a while. Hopefully new base formed and will tick up over next few days dramatically then a few days of fall. End up 20% up once it all settles. A long way to go, but I might be actually starting to believe again. I've got friends who bought at between 2-3p and are unlikely to ever see their money returned, but if it can get close in 2-3 years then it's a welcome return to something they have totally written off. I'd assume we have a nice new base of investors too. People follow the money and the trends. Boil has been on the up for a couple of weeks. Very enticing. Onward and upwards! |
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