Baron Oil Share Discussion Threads

[backtogo] 24/2/2017 09:41

get yer cash in the bank boilgreat news!!

[nlmbidc] 24/2/2017 09:16

SE Asia will come good.

Z34 farmout is 4 years come 30th April.

The board believe that Gas from the XX1 field will cover the cost of the drilling. Oil as well would be a bonus - recently projecting 7.1 million barrels.

[simon8] 24/2/2017 09:10

These Peruvian delays almost seems like they're cynically and deliberately putting up hurdles, they can't really be that useless administratively can they, do they just want BOIL out? How hard is it to sign a piece of paper - 3 1/2 years and counting.....

As for SE Asia, this looks like it has been a case of a good deal for the roaming nephew and nobody else, can't say I hold any hope in that, what can we realistically buy into in SE Asia with a few shillings?

Drill XXI on a sole risk basis and keep fingers crossed, I have written off my massive investment here as the cash will run out sooner rather than later and I'd prefer what is left to go into a drill that at least gives us a chance rather than be paid to the BoD in over inflated salaries with no return or an extension to the roaming nephew!

[nlmbidc] 23/2/2017 21:21

We need to give SE Asia a chance. We have been in Peru for 13 years and have no income whatsoever to show for it.

[petecb1] 23/2/2017 19:33

Probably not but that didn't stop any of us.

[petecb1] 23/2/2017 18:24

Has Peruvian tax gone up 2%!?

[valentine] 23/2/2017 16:04

Ask him..


He has until April 1st before stipend runs out or, indeed, gets renewed.

[chinadog3] 23/2/2017 15:23

How is the nephew doing anyone? No quips please like: `very well thank you`

[nlmbidc] 20/2/2017 20:20

You could well be right petecb1.

Should get an update on extension - if there is going to be one - before the end of March. Perhaps within 3 weeks.

[petecb1] 20/2/2017 19:17

Not getting my hopes up there. Most likely rns for Asia will be, no new projects currently, extended contract for a further 6 months.

[pembury] 20/2/2017 12:15

5 months in on the Asia JV and one to go!

[nlmbidc] 16/2/2017 21:45

B2G,
Needs drilling news or new asset from SE Asia before 1p plus.

[backtogo] 16/2/2017 21:01

odd isn't it.. anyway thinking break out soon to 1p+

[joetricky] 16/2/2017 12:23

B2G I was looking at that and wondered if we had a bot set up. Now that would have been interesting.

[backtogo] 16/2/2017 10:33

strange buys of 10k. The fees and sd would nearly be as much

[pembury] 15/2/2017 15:48

Go a long way in this mkt.
SP been flat for far too long so what is being done to reverse this record low?
Directors filling boots?

[nlmbidc] 15/2/2017 12:45

Don't think so Pembury. The money in escrow will be linked to the licence rather than the operator.

Of course if we drill Z34 we will have met the terms of the licence and can then release the money from escrow.

Lets hope for drilling news on Z34 soon then......

[pembury] 15/2/2017 12:00

When Union farmout does that mean Boil can then sell the operatorship and get the $3.6m out of escrow?

[simon8] 15/2/2017 08:41

That would seem logical, though of course if we have another change of operatorship is that another 3 1/2 years to wait while Peru shuffles paper in order to confirm the farm-out and change in operatorship! Big problem is we are in a buyers market and there are plenty of assets on sale at the moment with production today and pure exploration plays (and expensive ones) with long lead times are out of vogue.........

[nlmbidc] 15/2/2017 07:59

Pete,

I think buying UOG's share for twice what they paid boil for it would be the best option for a major. They would then get 80% for $12 million plus operatorship.

I guess that was UOGG's plan all along.

Of course it could go for more than double what UOGG paid.

We shall have to wait and see.

[2admiral] 14/2/2017 21:52

You said that about the previous board nlmbidc!!!!!

Tbh was expecting much more here than run of the mill rns's. Z34 news is just standard procedure with the authorities granting Uog the farmin. Been on their desk for years so they can't really claim credit for that either.
Their resume's suggest to me they are significantly under delivering here and have been for some time.

[petecb1] 14/2/2017 20:57

I hope to be there nimbidc.The thing I still can't understand if this is all to work out in shareholders favour, is why any company in their right mind would farm in to z34, costing them 10's of millions in drill costs, and settle for a percentage of the rewards.If you're going to take that risk, you'd be mad not to just buy boil.

[nlmbidc] 14/2/2017 19:20

Lots of griping on here today.

I have been a shareholder since July 2004 - just 3 months after they first listed.

I topped up today.

I have complete faith in BC and MB. Difference between most on this board and myself is that I attend the AGM's every time that I can and talk to the directors and ask any questions that I have.

Next AGM will be in late June. If you have a lot of shares in BOIL please come along and meet the board.