Share Name Share Symbol Market Type Share ISIN Share Description
Baron Oil LSE:BOIL London Ordinary Share GB00B01QGH57 ORD 0.025P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.025p -5.00% 0.475p 0.45p 0.50p 0.50p 0.475p 0.50p 21,788,162 16:22:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.2 0.0 - 6.54

Baron Oil Share Discussion Threads

Showing 9601 to 9622 of 9625 messages
Chat Pages: 385  384  383  382  381  380  379  378  377  376  375  374  Older
DateSubjectAuthorDiscuss
25/5/2018
20:28
It's the interpretation of the facts that's the problem. Dismissing all the positive news and latching onto anything, however tenuous that could be construed as negative doesn't help produce a balanced assessment. The only negatives I see here are the possible relinquishment of XXI and no deal with Sundagas, although I think the market is already expecting this outcome as we've been given plenty of fair warning about the issues. Relinquishment would allow BOIL to focus entirely on its UK portfolio and free up cash for other activities. We may see a second well on the Colter licence targeting the newly identified 27 MMB P50 prospect or further farm-ins to other Corallian licences such as Oulton or the new one they picked up this week. As for a funding being required at this stage, the balance sheet, working capital requirements and forward CAPEX costs do not support that hypothesis. The net current asset position is a much greater percentage of BOIL's market cap than it is for the vast majority of AIM listed oil companies and it significantly exceeds projected outgoings over the next 12 months or more, so BOIL has no need to raise funds at this time. The BOD has indicated they will be prudent in entering new capital expenditure at this stage, which indicates to me that they are mindful of husbanding their cash position to avoid unnecessary dilution. Given the news flow over the next few months they should have plenty of chance to raise at higher levels if they feel the need to do so, particularly if either drill is successful. JOG were able to raise £20M on the back of Verbier success and at a decent market cap. Wick has a slightly higher COS than Verbier and could well deliver a similar number of barrels net to BOIL as Verbier has delivered for JOG. Six months from now, things could be looking very good here indeed.
phoebusav
25/5/2018
11:17
Both are written in the RNS. yet you think the positive ones are all facts, and the negative ones are all spin!?They are all facts.
petecb1
25/5/2018
10:07
Spot on Pembury. 'Repeating the bits we like (the negative spin) and ignore the bits we don't (the positive facts)' is precisely what you're doing Pete ... ad nauseam.
phoebusav
24/5/2018
20:34
The probability remains that success in colter or wick will significantly enhance the share price.
nlmbidc
24/5/2018
14:16
Yes but you only focus on the 'negatives', I don't call that a balanced view!. Funded for all up and coming drilling operations for the rest of the year with a decent cash reserve remaining, no debt. Could be much worse. They need to get the farmout sorted yesterday on XX1!. Too much talking and not enough execution here.
pembury
24/5/2018
14:14
lol. OK. just because we don't repeat the bits we like and ignore the bits we don't, doesn't mean we need to move on. It just means we are capable to taking a balanced view of something. Hardly a bad thing.
petecb1
24/5/2018
14:07
Probably makes sense for you and Tommo to move on. good luck
pembury
24/5/2018
13:46
I wouldn't be so confident Pembury. Yes fully funded for 2018. That's not really saying a lot given it's nearly June. "Given the limited cash resources, the Board will take a prudent approach in entering into new capital expenditures beyond those already committed to existing ventures."
petecb1
24/5/2018
13:42
Fully funded for the years developments and beyond so no chance of a placing. Surprise surprise!!.
pembury
24/5/2018
12:32
Yes, you're right P1. El Barco is not the cert I thought it was. Let's hope the other two wells come in. Droft
droftarts
24/5/2018
12:26
Results are out. All about as expected, although El Barco doesn't sound as hopeful as I was thinking. Also good to know where we stand on Asia too. Think we can write that off now.
petecb1
23/5/2018
13:38
All the ducks being lined-up as a justification for a "you know what" in my humble opinion. I won't mention the word itself as I know it upsets some on this thread. For me, the jury is still out on Mr Butler and despite a definite improvement in our future potential, I remain to be fully convinced. If we hear something definitive on SE Asia before the end of June then my concerns might ease a little. Doesn't matter if the news is positive or negative; just so long as we know where we stand on that front.
tommo41
23/5/2018
12:48
Volumes that would transform this business by a long way!
pembury
23/5/2018
12:31
The dry hole risk has increased. Doesn't matter how high the oil price is.
petecb1
23/5/2018
12:27
Except the reason you are paying more is that the oil price has gone up so much so on a hit it's a WIN.
soulsauce
23/5/2018
12:25
Down we go. Paying more for less oil. lose lose.
petecb1
22/5/2018
15:16
Up and slipping back Silent scream!
chinadog3
22/5/2018
09:28
Going to be a busy rest of year with all this drilling!
pembury
21/5/2018
20:00
Maybe. Or the LSE posters haven't got any more of a clue than the rest of us.
petecb1
21/5/2018
19:42
Looks like the end of year report could be available this week according to posters on LSE. Normally we don't get them until June, but with the Company Secretary looking to retire they may be brought forward. They will probably come with the AGM date being announced.
nlmbidc
18/5/2018
09:45
Oildon11 Good post (save the last paragraph which descended into unnecessary personal slight). The day this share hits blue and remains at its day zenith at the bell is the day (in my view) that we will be well and truly on our way here. Good luck to all especially long time holders.
chinadog3
18/5/2018
07:49
Good post Hugo however may i add while you where quick to define ramping you failed to mention deramping. Unsubstantiated claims of a placing due imminently pretty much fits the bill. Especially when we currently have the funds to meet our commitments on all our prospects. The prospects mentioned are the most exiting we have had for years and while most of us may never get out of the water with this share as the majority of us came here at a much higher price for one prospect alone, the company currently sits in its best position for a long number of years. As you point out there may be dilution along the way but we as shareholders would be very disgruntled if this was "around the corner" as we have the funds to meet our commitments. There are a certain few very bitter posters here who try to shoot down a new investor who is exited by what this potentially company transforming year may hold.Lets face it is there anyone here who wouldn't love to have got in this at the current entry prices???Im not bitter i wrote my money off in this off a long time ago hoping that maybe in a few years time i might be pleasantly surprised and get some of my funds back. If not no biggie but im sure we can all agree the steps sorry strides that have been made over the last 6 months have been a breath of fresh air.Do your own research this share is currently is significantly undervalued and it doesn't take much to find evidence to support this claim.Tommo you can mark my post for grammar if you like just try not to spill any of your microwave meal for one down your shirt in your excitement.
oildon11
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