Baron Oil Share Discussion Threads

[pembury] 14/2/2017 12:29

Not enough money to drill xxi at 100% and do asia expect mandap.
Quite why no deal has been done at low cost 50% carry is beyond me.
Not sure what the country manager is doing?

[mandap1800] 14/2/2017 09:54

Backtogo
I would like to think that you are right 1p+. However, there are to many holders here that are trying to exit this share. Every time this goes over 0.50 sellers jump to sell to try and get something back. The only way this is going up substantially is if we drill XX1 ourselves and prove reserves. What makes me angry is there is not one company out there that will farm into this or any block without 3d seismic as evidence. All farm ins are executed with 3d seismic information available to them. If we were confident as stated by the BOD on the area in question on XX1, why did we not go straight to 3d instead of 2d. On shore drilling is so cheap now why not do this ourselves. We have the cash. I know some people will say I'm crazy to suggest this, but what have we to lose now. All of us have lost a substantial amount of money and wasted YEARS of waiting for results. I used to have hair when I started investing in this share. One wonders who on the board made this decision. Have we any oil people on the board and why are they not making these decisions. Can someone please help me on this. Do we have oil people on the board. I would also like to know how much to date we have invested in Asia and what are we getting for it.

[backtogo] 13/2/2017 23:11

you can try.. ;-)agree, feels like the next bit of news is going to push it up to 1p+

[backtogo] 13/2/2017 12:15

it will be a lot higher than this in a couple of weeks. here's a good price for entry

[pembury] 13/2/2017 11:59

Clearly need to see some action on the ground somewhere, too quiet in this department
Forgotten what a rig looks like!
XXI is ready to drill (as is z34) so get the farmout done please bod, it's been a year since seismic was completed

[simon8] 13/2/2017 10:43

The nightmare of holding this share continues..... BoD what are you going to do except for take your fat pay packets in order to reverse this?

[pembury] 13/2/2017 07:50

HM, of course but they already have cash in bank so the $2m - tax will boost it further

See the presentation and you will note available cash!

Agree with Union, about time they did something especially now with farmout completion

Asia, the term is nearly closed six months (many questions will be raised if nothing comes off)


Back to 0.35p then

[hugomaracuya] 13/2/2017 03:36

Pembury. Cash is king, sure, but don't forget, 2 million less 30% tax is only 1.3 million. What exactly is that going to buy? Its chicken feed, and will probably only go to our "friend" in Asia, to pay for his errrr, ummmmm, expenses in looking for a deal.

Secondly, ""However, the well cannot be drilled until UOGG has brought in a partner with the financial and technical strength to actually operate in this challenging environment"..... "" I thought that's why UOGG were chosen as a farm-in partner, because they allegedly had the financial and operational clout to do the job. Seems not. It appears they are just another middle man, taking a slice of the pie.

But Z34 was the reason I bought, all those years ago, and I am still confident, but sad that our investment is being continually diluted.

[joetricky] 10/2/2017 15:02

Bit quiet on here today !!!!

[pembury] 10/2/2017 07:48

Hopefully something decent on Asia soon? believe the agreement was for 6 months so not long to go!
The cash from Union will be in the bank soon so perhaps this will ignite a deal?
Cash is king and even better when you have no debt.

[joetricky] 09/2/2017 17:10

17p would be nice. I'd be a millionaire+

[simon8] 09/2/2017 15:49

Pembury, that was before we acquired our zimmer frames and grew long grey beards!

[pembury] 09/2/2017 15:36

it was 17p once!

[kumala] 09/2/2017 15:33

Up 33% nice.....:)K

[backtogo] 09/2/2017 15:27

this feels like 88e at this time last year!! massive rewards to come and actually have cash!

[simon8] 09/2/2017 13:10

An encouraging morning, more cash soon to be in the bank, we now need news on the projects and a potential new venture so no slowing up from BoD on this otherwise we will as always slide again.

I am hoping that the UOG farm-out won't be far off now (they've had long enough), now the final decree has been issued this will not be a drag on any negotiation and won't be a CP to completion. with the drill location sorted this is a major positive and all we need is the additional partner to fund and a drill ship whilst rates are still low.

BoD - what about onshore farm-down, we need to start activities soon given status of license, farm-out and drill 1H 2017 is what is needed.

[backtogo] 09/2/2017 12:47

going to pop!

[valentine] 09/2/2017 12:21

Encouraging stuff. When does the money actually get transferred. ratified in 10 days but money date not mentioned. sorry to be sceptical. Nearly sold on Monday at 0.035p..nearly.
When is drilling date, more imporatantly!?

[joetricky] 09/2/2017 11:55

JA nice to know that new investors are climbing aboard.

[mikemichael2] 09/2/2017 11:48

Just where are the 'sidelines'

[ja5tirling] 09/2/2017 11:42

I have been watching from the side-lines and this is looking very attractive now! Bought a few this morning. GLA