Baron Oil Share Discussion Threads

[pembury] 03/11/2016 15:11

Too risky to drill xxi at 100% imo simon8, surprised they haven't secured a deal in all this time post seismics

The cash they have needs to work on another venture imo

[pembury] 03/11/2016 13:33

wheres the farmout deal for xxi after spending millons on seismic and the prospect received positive evaluation from Nutech Energy?

this is a very cheap drill in a proven petroleum system

[valentine] 03/11/2016 13:22

Spread increased but still a few around nearer 0.040p. great opportunity? But not for me.

[simon8] 03/11/2016 12:27

can't see anything being sold of volume on LSE site - around 600K gone through unless big sell still be worked through? Or is just the market reflecting Boil is gasping its last few breathes whilst desperately clutching at straws... come on the well paid wandering nephew, where's the deal of the century.... come on, you can't do a deal sat in your Raffles hotel room drinking champers!

More doom for us shareholders..............

[valentine] 03/11/2016 11:00

0.040p offer or less? ooooh..Noo!

[nlmbidc] 01/11/2016 20:20

Interesting article discussing oil majors exiting SE Asia.

hxxp://oilprice.com/Energy/Crude-Oil/Oil-Majors-Leaving-South-East-Asia-A-Red-Flag-For-The-Area.html

[simon8] 01/11/2016 15:54

nimbidc.... I think some wishful thinking there, we can but hope though as we could certainly do with the cash and the closure to this particular issue and some bl00dy news on drilling it next year / sharing a rig with Karoon; my take though for what it is worth.... we will still be waiting this time next year....it's Peru and UOG have no interest in pressing this, it'll cost them $2M

I would love to see a copy of the farm out agreement Boil signed with them and see what if any CPs we had, whether we had a right to take the 80% back if no sign off of deal and if we will receive $2M plus interest....... I am guessing none of these were catered for!

Long term prospects for Boil aren't looking too good, I wouldn't really pin much hope on the wandering nephew - what deals can he do for such limited cash (noting he's an un quantified cash drain too) and will they turn this company around anytime soon...

My honest opinion now is that our future depends solely onshore Peru and if Ruddy was right - success and we are going places, a duster and what do we have left, 20% in Z34 which is unlikely to be drilled for years, an option that will lapse in Infa long before value attained and the wandering nephew with his few fivers for investment (and an ever dwindling bank balance).

As you can tell not an upbeat day for me re Boil.............

[nlmbidc] 01/11/2016 07:31

The 3 month indicative period for completion of UOGG taking 80% of Z34 is almost up. So maybe some news soon.
Lets hope it is soon. Now 3 years 7 months since the process started and still counting.

[nlmbidc] 31/10/2016 17:46

Oil down to 48 dollars with speculation it could slump again

[pembury] 31/10/2016 16:16

the yearly stagnation continues

[valentine] 30/10/2016 11:01

Wait? How long? Until the nephew is as old as his Dad's brother?

[nlmbidc] 30/10/2016 08:16

I don't agree Tommo41.

You need to give them some time.

Sundagas was setup because there is a gap in the market.

Need to give them some time. Deals don't just happen over-night.

[tommo41] 29/10/2016 19:22

This is a complete and utter pile of cack. And what's the nephew going to come up with in SE Asia with a few quid in his pocket that some larger player hasn't already got their eye on.

This latest farce is a classic exercise in building up false hopes and clutching at straws.

[nlmbidc] 29/10/2016 18:54

Not sure I know why anyone would sell right now unless there was a real need for the cash.

The outstanding UOG money could arrive at any time and SE Asia could also come up with something at any moment as well.

[the guardian] 28/10/2016 19:48

simon, ISDX2 28/10/2016 09:25 1,822,446 0.355

[simon8] 28/10/2016 10:41

that figures, yet another 5% down on nothing...no news, no volume, no selling total zip....

when are we going to get a break....? I hope the nephew is enjoying his all expenses paid trip around Asia at our expense, hope the food and accommodation is good and his kids are enjoying their private schooling....lovely jubbley as Del would say!!!!

[valentine] 27/10/2016 19:45

It'll get better nim. Check the details/numbers

[nlmbidc] 27/10/2016 17:30

Good call Valentine.

[valentine] 27/10/2016 14:15

Amerisur? Tried to tell you. Should have gotten rid of the lot here rather than 50%. Still time over the way. Buy on dip tomorrow. Or hang in for another decade while they get on with the bucket and spade deal in Peru. Good luck tho. Another rise over there and I may consider replacing my 50% here. maybe?

[nlmbidc] 25/10/2016 22:11

Oil is almost back down to $50. Perhaps we should invest in gas production in SE Asia.

[valentine] 24/10/2016 15:46

Why? Flat lining often means a big P on the way. Anytng p+ would be deeply appreciated.web-covered middoth said.

[pembury] 24/10/2016 15:42

Must be speculation about a farmin to xxi then!

[valentine] 21/10/2016 16:23

Andes energias up today. 'no known reason for rise' say co. Rudolph Berends old outfit.