Gold Oil Share Discussion Threads

[nlmbidc] 27/6/2013 13:50

The ecuador option may be the prime target.

Could cost 5-6 million dollars. So i anticipate some dilution to help pay for that.

[2admiral] 27/6/2013 13:48

Seems a bargain if Burdine news is true?

[oildon11] 27/6/2013 13:47

My point pem its ok for rudolf with his 0.75 p share what about the rest of the share holders? I no he wants to grow the business aggreivley but what good is it to us with 2bln share in issue at 2p?

[pembury] 27/6/2013 13:41

They will have $6m in cash from the farmout and have received $3.5m already.
So will these fields cost more than $6m? + NBM revenue which could be looking very decent if Burdine update is anything to go by. Surely they could fund an acquisition as it stands?.

nlm, assume in Colombia?

[nlmbidc] 27/6/2013 13:41

Boomorbust

Have you tried looking on the baron oil website for the presentation?

Thats where it will be after tomorrow.

[nlmbidc] 27/6/2013 13:27

The dilution will be the issue of shares to pay for a percentage of one or more oil fields.

In theory this will mean your shares are diluted or devalued.

In reality we will will have two or more producing fields with less political risk, and a lot more income.

The increases talked about were 300 / 400 bopd depending on the fields.

The income yields from the potential fields was about 63 percent. Much better than nbm because of its royalty and costs.

Nlmbidc

[ja5tirling] 27/6/2013 13:23

Thanks nlm. Anyone know if the presentation is live yet? Can't find it on website.

[boomorbust2] 27/6/2013 13:22

The RNS says copy of presentation on company website. I've looked but can't see it. Anyone able to find it?

[nlmbidc] 27/6/2013 13:20

I asked specifically about the name baron oil and mentioned that this had been queried on a bb (this BB by you).

Rb confirmed that the company has already been registered at companies house by the board and there are no issues with the name.

Its therefore a done deal except the announcement.

Nlmbidc

[mikestamp] 27/6/2013 13:19

In rb's own words he wants to make money...

I should bloody hope so, that's why he is there. He needs to show it being made now.

[oildon11] 27/6/2013 13:13

Surley he needs to be getting the share price rising before any fund raising or i feal we will never get out of theese levels we have to many shares in issue after the last farce

[grahambr] 27/6/2013 13:13

hxxp://www.baronoil.com/profile.htm

Still don't get the name that already exists.

What do you mean by dilution nlm ?

Does it mean tapping the same well ?

Cheers

[joetricky] 27/6/2013 13:07

Cheers nlm.

[pembury] 27/6/2013 12:45

cheers nlm.

[nlmbidc] 27/6/2013 12:44

Pem
I didnt ask about b5 and nor did anyone else.

It was om the presentation.

The new fields will involve dilution but will providw immediate rise in income.

In rb's own words he wants to make money...

Nlmbidc

[pembury] 27/6/2013 12:39

nlm. B5. does that mean the new zones that were perforated have delivered?

[chinadog3] 27/6/2013 12:36

Baron Oil? Not Barren Oil I hope

[oildon11] 27/6/2013 12:35

Dilution? For theese investments?

[nlmbidc] 27/6/2013 12:32

Rb wants to invest into a percentage of a couple of oil fields in columbia and eciador - watch this space.

B5 workover completed successfully.

News on b2 b4 etc in weeks rather than months.

Nlmbidc

[nlmbidc] 27/6/2013 12:28

All motions voted through.

Baron oil by tomorrow morning.

[quidnunc] 27/6/2013 12:23

Any feedback yet?
Q.

[grahambr] 27/6/2013 11:10

Yes Guardian see them now, it took a while for them to show.
Interesting day Today I should think, the lack of bargain hunters is a mystery given the current position. Only downer I can see is if Rudolf and pals decide to buy another 50% of the company at bargain prices.
I sincerely hope that the Nancy production is enough to fund us from here thus eliminating all risks. Fund raising should only be for NEW ventures if needed.

[boomorbust2] 27/6/2013 10:35

Nlmbidc, if you are able to keeps us informed during the meeting it would be much appreciated.

[nlmbidc] 27/6/2013 09:49

On my way to the agm now. Tubes permitting!!