Baron Oil Share Discussion Threads

[petecb1] 18/8/2016 08:32

Can sell 500k online this morning at 0.41. Just before the rns was offered 0.43.Not actually gone down as much as it looks

[pembury] 17/8/2016 17:58

So unbelievably frustrating

So when do we get a serious RNS with a bit of meat now??
Waited yonks and we get that today

The headline news is Z-34 and that was known anyway, a well in 2017 offshore will be
an achievement but no more excuses and talk to get xxi going!

[the guardian] 17/8/2016 17:52

If they don't move forward after Z34 is taken out of force majeure, we could lose the lot. No doubt there will be nothing in the contract to cover this eventuality so let's hope they start to show some interest.

[nlmbidc] 17/8/2016 17:44

I should have added that Karoon are well into their 18 month prepare and drill phase and have setup quite a lot of infrastructure in Peru already. BOIL are in discussion with Karoon to hopefully share in that infrastructure, but not of that is certain at this stage.

Perhaps UOG will move this forward once they have operatorship.

[nlmbidc] 17/8/2016 17:37

I think the Mms dropped the price because the $2 million UOG money could be up to 3 months away.

The plan to drill Cuy in Z34 is very good news.

It will take 18 months to plan and drill any peospect in Z34 as the board made clear at the AGM.

[the guardian] 17/8/2016 16:54

Maybe the board should have concentrated more on detailing XX1 progress than giving us the Z34 news which the MMs used to drop the price.

[pembury] 17/8/2016 16:27

onshore, very low costs, seismic completed, drill leads and backed up by Nutech Energy.
would have thought there would be takers as very low b/e here should success come

not talking $80-100m offshore wells here, just a few $m!

[the guardian] 17/8/2016 16:18

To be fair pem, the price of oil must have disenchanted anyone that was vaguely interested. Blame the Saudis for that one. It's not an ideal time to manage a company with very little in the way of funds. I don't know if salaries have been reduced or not.

[pembury] 17/8/2016 16:09

failure to farmout xxi since early January, that is their fault!
this is in their hands
all the talk was a well in June

[the guardian] 17/8/2016 16:01

I agree nimbidc. It's easy to chastise the board but we have little cash - not their fault and we are dealing with muppets in Peru - again, not their fault.

The only qualm I have is that RNSs need to be more upbeat, emphasising the good points rather than the delays that we already know about.

Gary Moore used to keep everyone happy with monthly RNSs. Even though nothing was happening most of the time, it kept everyone feeling involved.

[nlmbidc] 17/8/2016 15:49

This is the best board the Company has had.

Maybe you should go to the AGM's and get to know them. When we get the money from UOG and IslandMagee we will be able to do something.

2-3 months and we should know where we stand with the Z34 and IM money.

[pembury] 17/8/2016 15:22

been a long silence and the rns seems pure desperation to me to get some 'news' out simon8

talk is cheap

this is a part time business these days so don't see why the bod should get such high remuneration for doing so little and achieving so little

you should be bloody good at what you do to get that pa!

[simon8] 17/8/2016 15:19

Have to say I am increasingly baffled as to why they needed to put out that RNS at all, it said absolutely nothing we did not already know - Peruvians slower than snails at signing or approving documents and Z34 still in limbo until then which means there was never any chance of a drill in 2016 especially as we all already know UOG want to farm out first to de-risk themselves (and btw they're cr*p partners).

So why why why the need for an RNS which said nothing and confirmed what was already known and would as per Boil result in a major drop in share price ..... when you have nothing to say don't say it..if the Board were feeling the need to say something surely they could have drafted something more upbeat......I think this RNS really just highlights the quality of the people running the business and spending our money on their wages.... THEY ARE NOT VERY GOOD................

[valentine] 17/8/2016 15:14

Someone asked Dean Martin how he was doing at the tables in Las Vegas, years ago. He said fine but I'd just like to lose a little more slowly

When was it I last felt i was on a winner here?

They changed the name four years ago because of dubious performance when the so was 6p... now what? Sfa.

[chinadog3] 17/8/2016 15:09

A little predictable news. A big drop in SP


Super job by the boys at Boil

[valentine] 17/8/2016 15:05

We need a spanish speaking director versed in the Byzantine ways of the Peruvians and Latino vicissitudes, generally, to say least. Rudy revelled in all that and since we lost home the Methodist frugality of our Kirk loving Calvinist is far from being a satisfactory replacement. if Rudy didn't tell him about the Mexican onshore prospect it says it all.

[the guardian] 17/8/2016 14:34

In the meantime, the few buys today totally outweigh the sells but the price stays down.

[valentine] 17/8/2016 14:33

They will only give 0.0375p over a million so I offered 0.040p or better. We are going down the Putumayo here.
Waiting on the call. Maybe shouldve said 0.035p. Dodgy tum time!

[2admiral] 17/8/2016 13:46

more appropriate 'bored of Director's' not 'board of Director's'

[pembury] 17/8/2016 13:25

Karoon have stated they expect to drill a well in 2017, which will be bullish for offshore Peru activity.
If Union don't step on their coat tails when a rig is in the region then this will be
embarrassing.


I will be the first to give credit where credit is due!

[simon8] 17/8/2016 13:20

Yes agree Pembury...did any of us expect Z34 to be drilled this year.. you could actual construe it as positive that 3 months for next piece of paper and potential drill next year and that petroperu are starting to take an interest.

XX1 - why can't they give more info / if we are likely top drill this year - the two lines included may as well been deleted..
Where's our NI money - what are their plans on the storage? why no comment?

another day in the life of a BOIL investor....

[sunnyboy25] 17/8/2016 13:18

pembury, why do they need to risk their "hard-earned"? lol

[pembury] 17/8/2016 13:14

great rns sends the share price down 17% and nothing in it we didn't already know!
pointless and desperate from the board


0.3p expect the Directors will be filling boots here given the signficant remunerations, belief in the company, themselves to deliver and the assets - NOT

[simon8] 17/8/2016 12:55

oh dear...happy days again....

[the guardian] 17/8/2016 12:54

Well brassed I can understand. Why does Peru need so much bureaucracy? The deal with UOG should have demanded a bigger up front payment because it doesn't look like we will see anything else from it.