Baron Oil Share Discussion Threads

[yohoho] 23/4/2024 14:30

Agreed. Utterly useless.

[bionictroller] 23/4/2024 09:08

Rob Collins the new CFO. He was at the helm as CFO when VOG collapsed. Bloke is incompetent

[bobonumber1] 23/4/2024 08:20

Wow. Those are some big hitters they have appointed. Ex Cenkos chairman moving over to a minnow. This is definitely a new leaf for Boil. That's an incredible bod they have there now. Not the usual aim cess pool management. Impossible to attract that calibre of personnel without serious substance.

[simon8] 23/4/2024 07:49

More positive sounds, we've heard it over and over from this company, I hope we actually see something positive coming out of the hot air, it's been long enough. We need a farm in partner with deep pockets or for the company to be taken out completely.
Let's hope the next RNS is something substantive rather than the usual we are working on, we will do... action please.

[jungmana] 23/4/2024 07:25

RNS . So far AB is doing a great job,"The refreshed Board and executive team are committed to building shareholder value, strong governance and transparency.  The Board's priority remains to progress and realise the value in the Chuditch project in Timor-Leste, where we continue to prepare to drill the key appraisal well in parallel with discussions with potential funding partners."

[orchestralis] 22/4/2024 12:38

Steady rise

[jungmana] 18/4/2024 10:33

Imo if Butler and his team delivers as expected boil will be one of the best performing shares this year.Imo O.20p by spud and should be a lot more on a successful drill

[tradedesk1] 18/4/2024 08:03

We were trading at 0.175 as recently as early Feb. I think once we clear 0.10 we will make a sprint for that. It is only a matter of time now.

[jungmana] 17/4/2024 15:55

Well said and thanks. Don't make me buy more please

[benny shares] 17/4/2024 14:48

Outstanding summary

[tradedesk1] 17/4/2024 14:22

We've now traded over 25bn shares i.e the entire market cap of the company in two months since the raise and we've broken out of range. The uptrend has definitely been established and sentiment is back, Andy Butler is proving to be really on it.

We should be trading at a premium or at the same mcap as UPL right now who are near enough £50m mkt cap, that would equate to +0.20 for BOIL. The Chuditch asset has independently verified volumetrics by way of a CPR circa 3TCF in the Pmean & +5TCF in the P10 and that is just a portion of a much bigger licence area, Baron has 3D siesmic & a PSC. It's not a like for like comparison but both companys right now need farmouts & rig contracts. To take nothing away from UPL it is trading at multiples to BOIL with no Volumetrics, PSC or 3D siesmic. It has nearology to discoveries but BOIL has an actual discovery.

In terms of news here's whats expected now:

- Rig Contract
- Farm-Out
- Further Board Apts
- Environmentals
- Rig Mobilisation
- Well Spud
- Flow test result

[jungmana] 17/4/2024 09:46

Very reassuring to hear that from Andy Butler.
Boil definitely has a top class competent ceo now in charge

[jungmana] 17/4/2024 08:53

Good start to the day. Hopefully will be back at 0.1p+ soon

[jungmana] 16/4/2024 18:06

Will be happy with even a quarter of that figure for 30%.After all these lot gave away 15% recently for next to nothing.

[ride daice] 16/4/2024 17:58

Nice post.

[tradedesk1] 16/4/2024 15:21

Shares in issue makes no difference the mkt cap is the mkt cap and it is tiny relative to sector peers, something like £16m only with circa £7m in cash. We've seen likes of PREM & KOD with similar shares in issue hit £200m market at 1p.

BOIL have 60% of the asset, the new CEO has ruled out any equity component at the PLC level per recent Directors Talk interview, it will be by way of Farm-Out/asset level only. Most recent broker note suggested a Farm-Out of 30% which would leave Baron with 30% free carried. Given this is a Teir 1 asset that would be massive even 20% would be huge.

Marc Howson, Head of Asia at Welligence Energy Analytics "Chuditch could supply around 300 million cf per day of feed gas into a 2 million tonnes per year FLNG vessel"

Annual revenue from feed gas would be approximately $985.5M/ year

30% * $985.5M = $295.65M PA to Baron

[ride daice] 16/4/2024 11:54

The company must be reasonably confident of a FO IMHO. Otherwise with 25Bn shares in issue the project would be somewhat pointless. i.e. the only way forward is dilution at the asset level.

[jungmana] 16/4/2024 10:23

Am annoyed they gave away 15 % for such a small amount of money

[neo26] 16/4/2024 09:21

Give away 30% and let the buyer cover the cost.

[jungmana] 16/4/2024 08:17

As I pointed out to the Company and they know this, a share consolidation is required soon.26 billion shares is just too much.I hope funding for the well is also concluded soon.

[kumala] 16/4/2024 08:11

Good blue start to the day, onwards and upwards, looking better here.

[tradedesk1] 12/4/2024 12:17

Broke out of range yesterday. Placing overhang looks to have been cleared. Better days ahead now with plenty news flow anticipated:

-Technical Site Survey
-Rig Contract
-Farm-Out
-Further Board Apts
-Environmentals
-Rig Mobilisation
-Well Spud
-Flow test result

[albert35911] 11/4/2024 20:21

Only one thing small about you.

[jungmana] 11/4/2024 12:33

We are going up. Where are the derampers today?
My small 20 million shares looking better.
first target 0.080p

[tradedesk1] 09/4/2024 08:01

Week 15 @BaronOilplc once again takes "Top Volume" spot #BOIL 690.28 million #WatchList 🧐

📈50-day line at 0.065 @ZaksTradersCafe looking for up to 0.08 over the next week or two.