Baron Oil Share Discussion Threads

[backtogo] 09/2/2017 11:19

decent stream of buying ..

[joetricky] 09/2/2017 10:53

MMmmmmmm !!
L2 showing another 10mil bid @35 at 10.50am.

[joetricky] 09/2/2017 10:28

Pete, being offered same for 5mil anything after that getting put to the dealer. Like you say someone wants them. The difference between bid and ask is tight. MM's creating a market here and showing a bit of confidence.

[joetricky] 09/2/2017 10:24

Pem, I would rather they don't take the risk either with a drill at xx1 without a partner but it would seem that it's a very good prospect. I am very aware that you never know what you have got until the drill bit hits the target depth but the company and RB are have always been upbeat about the xx1 prospective. If RB was still around I reckon we would be drilling now.

I'm warming to the SE Asia prospecting and It's my understanding that there are plenty of opportunities in that part of the world it just needs the right deal.

[petecb1] 09/2/2017 10:21

Being offered 0.41p for 2.5M. Someone wants them.

[pembury] 09/2/2017 10:00

Although a xxi drill is fairly cheap joe would rather they don't take the risk at 100% and bring in a partner. Spread the risk with something in Asia is the thinking it seems. Not sure why the xxi farmout is taking so long?

A boost on the cash position is always a positive

[petecb1] 09/2/2017 09:57

And still the share price is lower than it was 2 weeks ago! Hummmm

[joetricky] 09/2/2017 09:56

I say drill XX1. Partner or not. What are your thoughts ??

[joetricky] 09/2/2017 09:50

This is excellent news. I was deeply concerned about cash burn here but this news covers that fear.
Lets just summarize here:
1. Cash in bank
2. NO DEBT
3. 20% share in a 2.2BBL field (prospective)
4. All clear from Peru government to drill an exploration well
5. Onshore prospect targeting a gas field (minimum) with an infrastructure very close by
6. Actively seeking a buy in to prospects in SE Asia

Please feel free to add to this.

[2admiral] 09/2/2017 09:41

Excellent. back to 1p now and more cash in the coffers for new deals

[pembury] 09/2/2017 09:40

Surely this is now the catalyst for Union to bring in a partner, how could they did it until this was completed. Tick tock Union!

[joetricky] 09/2/2017 09:38

All systems are go. Come on UOG get a partner in now and get this thing rockin'.

[alasdair100new] 09/2/2017 09:35

Wonder how many shares bell still owns?

[joetricky] 09/2/2017 09:34

Pem, there's your answer !!!!

[backtogo] 09/2/2017 09:34

good news"It is estimated that Completion will take place within 10 days and the sum of $2 million will be payable to GOP by UOGG. "

[pembury] 09/2/2017 09:24

at last! now Union get something done and please Boil bod up the ante with them to get something done asap

if they have no intenton of moving this on they need to relinquish the license (for a cost of course)

sp is just back where it was the other day when it should be adding value with cash now banked and ready to reinvest as outlined in rns

[pembury] 09/2/2017 08:05

so is the seller cleared with that trade?

[nlmbidc] 08/2/2017 19:52

Actually there was a 10 million sale earlier in the day that was not announced til late in the day - hence the price drop.

Looks like we have a big seller at the moment. There was a few million sold on Monday resulting in price monitoring extension RNS's.

Need to watch the next couple of days as there may be millions more being sold.

Depends who is selling and how many they are off-loading.

[joetricky] 08/2/2017 16:33

Ha. Somebody trying to buy 10mil at close for 35.

[joetricky] 08/2/2017 11:42

Some buying interest again this morning. Good to see some trading going on here for a change. Lets hope it builds.

[redhill] 07/2/2017 17:08

Every little bit helps, One day Rodney !

[joetricky] 07/2/2017 17:01

I personally think something from Asia will land first. Just need the right deal and there are plenty of decent prospects looking for a partner. Look at our XX1 prospect. A really good prospect we just need a partner to help with the cost.

[pembury] 07/2/2017 16:11

Still much news needed and some very overdue

xxi farmout plan drill this year, union cash banked and Asia deal need to happen soon