Baron Oil Share Discussion Threads

[valentine] 08/8/2016 13:06

Double post.

[valentine] 08/8/2016 13:06

Until they appoint a well respected oil-man were going nowhere.. even my phone has gone on blink.

[valentine] 08/8/2016 08:27

I am fed up with the whole process tbh. I am baffled myself as to how I have allowed myself to acquire as many as I have. Directors look after themselves as did predecessor. After ten years I am a little cynically inclined now.

[the guardian] 06/8/2016 20:51

valentine, you baffle me. Where did that statement come from?

[valentine] 06/8/2016 14:00

BC sorting his pension out? I don't have that sort of time. Jobs for the boys.

[nlmbidc] 06/8/2016 13:41

And if we are converting it it should peovide a higher value.

[petecb1] 05/8/2016 19:18

You would hope so but judging by the fact we haven't had a loan repayment rns this week suggests we're converting it.

[pembury] 05/8/2016 15:44

i would hope the board can be creative Pete. Time is ticking and
nowt seems to be happening again!.

[simon8] 05/8/2016 15:25

nail on head Pete....... in those terms yes why would we...........

[nlmbidc] 05/8/2016 14:27

Seems to make sense to me Pete.

[petecb1] 05/8/2016 14:00

Considering the market cap of Infrastrata is 2.2M.. I can't see why we would convert our 1.5M to 15% of something they own 65% of. it just doesn't add up.


If we were that desperate to get into the IM project, why not take the £1.5M back (plus 8%) and then buy infrastrata stock. Obviously we wouldn't pick the shares up at the current levels, but even it it went up 3X, we'd still end up with more than 15% of IM project, plus we'd get their other interests..

or am I missing something?

[nlmbidc] 05/8/2016 13:15

I like The Guardian's optimism as well.

The gas storage facility is be touted as a 270 million project.

I know a big part of the cost is still to come to dissolve the salt rock, but the capacity is proven as is the process to dissolve.

The project is definitely valuable, but how much is 15% worth in its current state?

[simon8] 04/8/2016 16:19

TG - I like your optimism, we all live in hope of a resurrection and a hopeful profit one day....., might be I have to leave these in my will before that happens (and I hope to live a long time yet!!!!)

[the guardian] 04/8/2016 16:06

Just imagine if INFA received a really good offer for IM allowing us to jump in and take our 15%. Suddenly, BOIL would be well and truly resurrected. Could happen!! Probably won't but it's only hope that keeps me sane.

[pembury] 04/8/2016 13:29

anything happening boil anywhere?
easy money. if you bought some shares you might care?

[nlmbidc] 02/8/2016 19:13

I think the spread is stupid in case the IM loan is returned at short notice.

[pembury] 02/8/2016 16:45

Got to laugh; 750k 0.54p buy at the end, minimal sells and down 9.5% with a stupid spread still

[pembury] 02/8/2016 12:20

Agree, had visions of them selling out to a major possibly BP who were linked to the project previously even before it was proved up by INFA/ BOIL partners recently. £50-60m should do it

Only worth taking the cash out if that situation isn't on the table and they have something else already marked acquisition wise?

[nlmbidc] 02/8/2016 12:16

If they take the 15% option you would expect it to be worth more. Maybe a lot more.

Infa could be close to a sale of IMSL, so it would make sense to wait.

[petecb1] 02/8/2016 11:29

Why hasn't there been any news about the loan. First repayment date was yesterday.Hard to judge which weather the market will prefer the money or the 15% stake.

[simon8] 02/8/2016 09:40

That's BOIL for you.... it's all games in a very wide spread, we need to get some positive news that will underpin and push the share price up - farm-out and drill onshore Peru this year may help!!!!! the news on Z34 was good but who is to say it won't be another three years before the next piece of paper is signed, we need to act where we can and ASAP and as others have said it's about time Colvin fished in his wallet and showed some confidence in the company and bought a sack load of shares!!!!!!!!!!!!!!!!!!!

[pembury] 02/8/2016 09:00

yes and yesterday a 906k buy first thing at 0.55p and nothing

[pembury] 01/8/2016 08:05

hopefully nlmbidc

keep that cash coming in!

906k buy to start the day 0.55p