Baron Oil Share Discussion Threads

[valentine] 27/9/2016 10:05

Director buys would add something to the mix. Otherwise a bit moribund until one of the perennials starts functioning. Back to sleep seems for now.

[chinadog3] 27/9/2016 09:44

So how much are we paying Sundagas per month and how much of that, if any, finds its way into the nephew`s pay/emoluments package?

[tommo41] 27/9/2016 09:29

Yes, I agree. I still think this company is suffering a lingering death. We don't have a lot going for us before the limited pot of money we still have runs out. To use some of that limited pot investing on a random 'punt' in a company which involves the CEO's nephew stinks, in my opinion.

[petecb1] 27/9/2016 09:18

Yes, results are the main thing.

But, there are many many many companies out there who could find us O&G opportunities, or indeed our own staff should be able to find them. Bit of a coincidence don't you think that the person the board have deemed to be the best ROI is his nephew!

[nlmbidc] 27/9/2016 09:13

Correction:

Hopefully by the end of the second half of 2016 we will be operating at a profit.

[nlmbidc] 27/9/2016 09:03

Not if it gets results Pete, and I think it will.

Lets see where we are in 6 months.

[petecb1] 27/9/2016 08:54

can't believe the CEO giving company money to his Nephew. That stinks imo.

[nlmbidc] 27/9/2016 08:28

There seems to be a lot of hope on the Sundagas partnership and the gas storage in IMSL.

This could be the Nadir for the company with some early potential from SE Asia.

We should get the remaining $2 million (less tax) from the UOG deal by the end of October.

Hopefully by the end of the second half of 2017 we will be operating at a profit.

[nlmbidc] 27/9/2016 08:22

Board Structure:

In May 2016 Bill Colvin elected to return to his previous position as non-executive Chairman and Malcolm Butler was appointed to an executive position as Chief Executive Officer. At the same time, Geoff Barnes was appointed Finance Director. The overall financial effect of these board changes was neutral.

[the guardian] 27/9/2016 07:58

I get the feeling that XX1 isn't worth spending money on.

We need Malcolm's nephew to do the business and get us a really good farmin ASAP.

In the meantime, fingers crossed for monetisation of IM

[simon8] 27/9/2016 07:49

Not looking forward to opening prices on that negative statement, will we be marked straight down and by how much?

[nlmbidc] 26/9/2016 22:28

I assume the new deal with INFA is because IMSL will be under new ownership by 31st March 2017.
Therefore the deal moves from 15% ownership of IMSL to 16.666 of INFA.

In any event it makes IMSL a more straightforward sale.

[nlmbidc] 26/9/2016 17:04

The consolidation by INFA into focusing on the IMSL gas storage suggests growing confidence in its monetization in my view.

[pembury] 26/9/2016 16:27

All depends on what happens between now and March 2017 expiry then to dictact BOIL decision on the option. Best scenario is the asset is bought out by a major for 50-60m and Boil exercise the option

All parties getting a nice exit and pay day!


Where is the xxi farmout also?

[simon8] 26/9/2016 15:15

Looks like the BoD read our board after all, a bit of common sense prevails on that ridiculous INFA option, though of course I still think 17% for the cash up for offer is a tad tight should get more.

But, feels better anyway, but long and short is we have to hope that the project is sold at a large profit as soon as, don't want to be involved in this should we elect to take up the option and then have to find the development costs. This has to be a one off option exercise and sale of project with cash inflow.

Mr Colvin, hope you are reading still...........

[sunnyboy25] 26/9/2016 11:01

"...the loan has been repaid effective 1 August 2016 from the balancing monies received from the European Commission."



Soon it's going to be 60 days...

Has the company put monies into a project that generates some revenue? All I care to be honest...

Less jam tomorrow more action please.

[simon8] 26/9/2016 10:56

It's laughable isn't it! Well if I couldn't see the funny (ridiculous) side of this I would be in total despair of the vast sums I've put down the drain here....

[sunnyboy25] 26/9/2016 10:47

bright side eh?

Reported advfn spread at the moment: 0.4 - 0.55

Why are the market participants offering ONLY 0.4p to buy from YOU?

RNS on Friday couldn't even specify the monthly fee amount, I don't get it - that's a secret information or what?

[chinadog3] 26/9/2016 10:02

The shares are dearer to buy look on the bright side

[simon8] 26/9/2016 09:11

Yawn...up but a stupid spread 0.45 - 0.60, how top kill interest in one easy go! Double yawn...

[nlmbidc] 25/9/2016 08:54

Rather sceptical there Pembury.

I see this as a new dawn and not a false one.

Like you say, let's see where it goes.