Baron Oil Share Discussion Threads

[simon8] 27/2/2017 09:00

INFA sinking on potential massively dilutive placing at discount.....they note £200K of receipts will be used to refund us....

[nlmbidc] 26/2/2017 17:51

Sell your shares tommo41. You think the company is going to hell in a handcart.
IF you are right the share price will head towards zero. It's better to get 0.4 pence a share than nothing in a few months/years time.

Myself I have every faith and would buy more if I had the funds.

[pembury] 24/2/2017 18:48

Slightly ott tommo. Lets give until end of Q1, see where it is then

[tommo41] 24/2/2017 16:53

Well said, pembury. These people need to show a bit of confidence in their company by purchasing some shares on the open market. A few grand each from their generous salaries would send a massive signal. And nimbidc, I very much doubt that they've been in a perpetual closed period for two years and more.

Their unwillingness to buy shares at these very low levels tells me that the company is all but finished. These incompetents will continue to draw their salaries until the money runs out, then will just shut up shop. They'll then move on to the next AIM pile of rubbish that will pay them a salary for a place on the board.

[valentine] 24/2/2017 16:04

Sept exhibition in djakarta NXT sept. Maybe we'll have a stall? Lots oil and gas in West Sumatra allegedly, and coal mining. Lots of disasters and claims and counter claims for environmental damage et al. The area has been hot for several years. Maybe we can link up with one of the adventurers and progress their project? Staying away from the disasters of course.

[pembury] 24/2/2017 13:18

Let's see where this Sundagas jv is when the 6 months expires.

Investors have given this bod more than enough time to deliver and we don't need you to be replaced but we need you to show us our investment in you has not been completely wasted. However this company can't keep wasting vital money on such salaries with nothing to show for it month on month and now year on year.

Todays rns is just an overly long process completing the deal secured by previous management, so credit is not due there.

Credit will be given if you complete something decent in Asia, farmout XXI (with good terms) and get Z34 drilled. All long overdue with exception to Asia which is getting to that point.

As for NI, pointless to date.

Not comfortable with bod taking such remuneration and not backing the business either by investing.
1m shares is f all for your assumed wealth.

[nlmbidc] 24/2/2017 12:25

The rns last night was because the 10 days was up and they didn't want to leave the market hanging following the rns on 9th Feb.

The fact it was signed - presumably yesterday Peru time is good news - possibly as a result of Malcolm chasing it earlier yesterday and being told there was no certainty of when it would be signed by the bank.

[nlmbidc] 24/2/2017 12:05

tommo41,

The RNS announcing the tie-up with Sundagas last September suggested there were some known targets for consideration in SE Asia. The three man team at Sundagas all worked together at their previous company and have an excellent track record in the region.

If the Directors are aware of possible targets in SE Asia they cannot purchase shares as they would have information that is not in the public domain.

The Sundagas RNS referred to looking for smaller opportunities that would be purchaseable by BOIL at the same price available to Sundagas.

Reading between the lines we may get say 50% of a $1 million deal. If we could get 2 or three of those that would give the share price some impetus and make BOIL a profitable company for the first time.

We have to be patient with SE Asia, but it could start to get the ball rolling rather nicely.

I have topped up recently and have been in BOIL for 13 years come July.

I agree the share price will be back where it was until something comes out of SE Asia.

[nlmbidc] 24/2/2017 10:05

Now we need some news on SE Asia followed by future plans for drilling Z34.

Then we will get some momentum.

[backtogo] 24/2/2017 09:58

it's Peru! anyway so.. circa $1.4 million? after tax. Decent for a co this size.

[simon8] 24/2/2017 09:55

cash now to be paid, makes you wonder about this BoD - RNS last night saying don't know when followed by RNS this morning saying signed.... get your acts together!

[backtogo] 24/2/2017 09:41

get yer cash in the bank boilgreat news!!

[nlmbidc] 24/2/2017 09:16

SE Asia will come good.

Z34 farmout is 4 years come 30th April.

The board believe that Gas from the XX1 field will cover the cost of the drilling. Oil as well would be a bonus - recently projecting 7.1 million barrels.

[simon8] 24/2/2017 09:10

These Peruvian delays almost seems like they're cynically and deliberately putting up hurdles, they can't really be that useless administratively can they, do they just want BOIL out? How hard is it to sign a piece of paper - 3 1/2 years and counting.....

As for SE Asia, this looks like it has been a case of a good deal for the roaming nephew and nobody else, can't say I hold any hope in that, what can we realistically buy into in SE Asia with a few shillings?

Drill XXI on a sole risk basis and keep fingers crossed, I have written off my massive investment here as the cash will run out sooner rather than later and I'd prefer what is left to go into a drill that at least gives us a chance rather than be paid to the BoD in over inflated salaries with no return or an extension to the roaming nephew!

[nlmbidc] 23/2/2017 21:21

We need to give SE Asia a chance. We have been in Peru for 13 years and have no income whatsoever to show for it.

[petecb1] 23/2/2017 19:33

Probably not but that didn't stop any of us.

[petecb1] 23/2/2017 18:24

Has Peruvian tax gone up 2%!?

[valentine] 23/2/2017 16:04

Ask him..


He has until April 1st before stipend runs out or, indeed, gets renewed.

[chinadog3] 23/2/2017 15:23

How is the nephew doing anyone? No quips please like: `very well thank you`

[nlmbidc] 20/2/2017 20:20

You could well be right petecb1.

Should get an update on extension - if there is going to be one - before the end of March. Perhaps within 3 weeks.

[petecb1] 20/2/2017 19:17

Not getting my hopes up there. Most likely rns for Asia will be, no new projects currently, extended contract for a further 6 months.

[pembury] 20/2/2017 12:15

5 months in on the Asia JV and one to go!