Baron Oil Share Discussion Threads

[simon8] 15/5/2017 16:00

This time next year we'll be millionaires, now who said that, and for how many years!!!

[valentine] 14/5/2017 19:45

Sue Grabbit and Runne have been appointed as executors.

[nlmbidc] 14/5/2017 19:44

Good point well made Charlie81.

[charlie81] 14/5/2017 19:25

if bodge it and scarper arrive and suggest they need help removing the board, think twice before commenting. 81.

[valentine] 13/5/2017 15:41

Name change again?
BBC. Boiled Bacon and Cabbage.

[pembury] 13/5/2017 15:23

and we get to vote on the bod
mmmmm
end of q2 we can make our minds up

i still want them to deliver but patience has long gone!

[nlmbidc] 13/5/2017 09:17

PS: AGM due end of June. Year end results in early June.

[nlmbidc] 13/5/2017 08:50

Ok. The length of the string is about 7 weeks.

Do you think I should have added more string?

[nlmbidc] 13/5/2017 08:46

The website will be updated when there is something newsworthy to add.

Unfortunately that could take some time.

I have tied a few balls of string together and I am about to measure it.

Once I have the answer I will publish it here.

[pembury] 13/5/2017 07:40

simon, you was right
website back so they forgot to renew it, bodes well!
NBM is still on the homepage as a 'highlight' with all the other out of date material

probably too much to ask to have a half decent, up to date website.

[pembury] 12/5/2017 09:21

I will agree and go for the second option sadly!

[simon8] 12/5/2017 09:18

Perhaps they have taken it down to update it, we can but hope.... perhaps they will be uploading a fantastic new deal in SE Asia or noting a UOG farm down in readiness for the RNSs to be issued... we can but dream!!!
Though most likely given how useless they are it has crashed and nobody at company has noticed as none of them in the office doing any work!

[nlmbidc] 12/5/2017 07:48

Looks like it has expired and someone from BOIL needs to login to the website supplier and renew the contract.

Question is: who at boil has the password?

Anyone still in contact with Garry Moore? Perhaps he has it!!

[pembury] 12/5/2017 07:26

Where has the website gone? as bad and out of date as it was

[valentine] 10/5/2017 19:39

More porkie pies with copious boil'd eggs!

[pembury] 10/5/2017 19:19

the clock is ticking for this lot too!

end of Q2

enough is enough

[ianpuddifoot] 09/5/2017 14:29

I see Infastra looking to kick out all 5 of there chairman, and to be replaced by just two new ones.

[pembury] 08/5/2017 19:43

Don't worry HugoM, end of Q2 we will know all we need to know about Union Group and credibility of the bod at Baron Oil which is now seriously waned. The countdown is on.

[valentine] 08/5/2017 19:34

Stick it out for waitrose Gala pies as a minimum. Hard boil ed eggs in chopped pork and crusty pastry. Mmhhmm lip-smacking tasty. Prospect of owt else is nowt.

[hugomaracuya] 08/5/2017 19:18

Wow, a billion dollar company, eh? !!!! ......Laughable.


30 April 2013

GOLD OIL plc

(“Gold Oil” or “the Company”)

Peru Farm-Out Block Z-34


Gold Oil, the AIM-listed oil and gas exploration and production company, is pleased to announce that it has farmed out 80% of its interest in the block Z-34, offshore Peru, to Union Oil & Gas Group Corp (“Union Oil & Gas”). Gold Oil will be carried in the 3 remaining Exploration phases and keep a 20% interest.

Gold Oil will receive a total of $6 million for the Farm-out of which it will receive $4 million by selling Plectrum Petroleum Limited. Plectrum is 100% owned by Gold Oil and has a 50% participation in Block Z-34. Gold Oil will receive the remaining $2 million when Union Oil & Gas has been qualified by Perupetro for the additional 30% participation interest in Z-34.

Union Oil & Gas invests in oil & gas exploration and production in Latin America, with a focus on Colombia, Paraguay, Peru and Uruguay. It is a portfolio company of Union Group, a privately owned firm which holds significant strategic interests in businesses spanning the agriculture, energy, forestry, infrastructure, minerals, oil & gas and real estate sectors in Latin America.

Since inception in 2007, Union Group has focused on high growth Latin American economies characterised by under-developed natural resources and infrastructure sectors, a stable political environment and robust economic regulation.

Led by its founder and president, Juan Sartori, companies under Union Group’s umbrella have an estimated combined value of approximately $1 billion. In 2013, leading Canadian investment house, Dundee Corporation, acquired a minority stake in The Group.

Commenting on the update, Chief Executive Officer Rudolph Berends said, “I am pleased to be able to announce this agreement with Union Oil & Gas concerning our Block Z34 offshore northwest Peru”.

An independent Competent Person’s Report (“CPR”) from DeGolyer and MacNaughton (‘D&M̶1;), prepared in March 2012, provides new volume and valuation estimates for twelve prospects identified by Gold Oil on the block. The mean prospective resources certified by D&M total a combined 2.02 billion barrels of oil with a mean potential net present value of US$ 2.6 billion, as detailed in the tables below:


D&M Prospective Resource estimates 15th March 2012

Prospective Resource Volumes
(million barrels) Low Best High Mean Risked mean
1,329 1,937 2,821 2,022 414
Potential Net Present Value at 10% discount factor
(US$ million) Low Best High Mean
1,783 2,503 3,514 2,593

Rudolph Berends further commented: “This is a very important step for our company having achieved a full carry through the remaining 3 exploration phases of the contract by a very strong financial partner which will free up resources to develop and expand the company aggressively in the Americas. Also the planned increased drilling activity in the adjoining blocks supports the renewed interest in the offshore blocks in Peru”.

Guzman Fernandez, Chief Executive Officer, Union Oil & Gas Group Corp, added:

“We are delighted to announce this acquisition, which we believe has outstanding potential. The combination of our experienced in-house technical team and our access to significant capital will enable us to put real momentum behind the next stages of exploration. In addition, we will continue to evaluate other similar opportunities, as we look to expand our presence in the region.”

For further information:

Gold Oil Plc

Rudolph Berends (Chairman & CEO) Tel: [phone]




And I like this bit, from UOGG

"“The combination of our experienced in-house technical team and our access to significant capital will enable us to put real momentum behind the next stages of exploration."

Yeah, right. (not). And over 4 years later, zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Did somebody mention "momentum" ?

[pembury] 08/5/2017 12:48

yet still glued to 0.35-0.4p

seller resident here for years

[2admiral] 08/5/2017 10:26

Someone just bought 2.14m for 0.47p over the offer