Baron Oil Share Discussion Threads

[nlmbidc] 04/7/2017 11:02

The share price reflects our failure to make any progress in Peru and SE Asia.

Very disappointing!

However things could change very quickly on news.

Last Friday the share price reflected that we were due to get $2 million from UOGG and today it reflects we are not going to get it.

We need news from Peru and SE Asia.

[pembury] 04/7/2017 09:45

they know why it is falling as do we, if they had completed what they said they would do (or even one part of it!) over the last year plus it would be very well placed!.

talk is cheap and that is all we get

they still get well compensated though so matters not

[simon8] 04/7/2017 09:31

0.275, where is the bottom...selling pressure on and who would buy...

Where's that company RNS stating we have no idea why our share price is falling, we have complete confidence in the company...ha ha

[simon8] 04/7/2017 09:15

The mythical company tranformational SE Asia deal eh.....we can but laugh...

[pembury] 04/7/2017 09:11

very well for the family I expect at our expense

[chinadog3] 04/7/2017 09:08

How is the nephew doing?

[simon8] 04/7/2017 09:03

I think we need to accept we are going to see a lot more pain in the share price ...market has probably written company off and share price will go much lower...it's going to need a miracle to pull this around, we need circa 100% rise just to get us back to 1/2p!

The ousted ex board must be having a good old chuckle.....

[peruoil] 04/7/2017 08:55

I think the main shareholder needs a word!!!

[pembury] 04/7/2017 08:50

-14.3% 0.25-0.35p

[petecb1] 04/7/2017 08:46

Just looks like Pre-AGM bets closing out (at a loss).. no real change from AGM..

[simon8] 04/7/2017 08:44

or lack of work!............

[pembury] 04/7/2017 08:15

-7.1% 0.30-0.35p

Great effort Baron Director's

[simon8] 04/7/2017 07:10

I will eat all the hats in England if Butler buys a single share out of his own pocket, he's a salary, don't care about company, run the cash down and move on man. No real meat in the game interprets as no game.......

I do wonder what goes on behind the scenes and what major shareholders like Mrs P (15% of co) are being told behind closed doors to keep them quiet and on board?

[2admiral] 04/7/2017 06:49

You can now buy 5m shares for under £20k so if Malcolm Butler is behind this business he needs to buy 5-10m shares or otherwise step down. From what I have seen I choose the latter option.

My opinion is for the company to look for a proven leader before it's too late.

[pembury] 04/7/2017 05:59

tommo. Cash wise the company are in a sound (for now) position and carry no debt. So compared to many of it's peers have a decent base to build upon if we could get a team that can make things happen!.

However we have a board that can't seem to get anything done anywhere for a significant period and that is the big issue. The $2m from Union is long overdue and this would really help boost the coffers.

This lacklustre board performance has gone on too long now and the longer this gridlock continues the more they will drain the resources away. Unlike us I doubt they are too concerned though as they have little of their capital in the business.

Every time we get to a long awaited deadline on z34, xx1 and Asia (everything then!) they just say they are now 'hoping' to complete 'no guarantess' on yet another extended date. How convenient, get to that date and they extend again!.

It is totally unacceptable to be stringing investors along. I feel like they are just playing us at our expense.

Wonder what JP thinks about all this??.

[peruoil] 03/7/2017 17:09

Managed to get hold of the CEO email to send that to tommo.

[e-mail]

I am emailing my concerns too.

[tommo41] 03/7/2017 17:04

I did suggest several months ago that this company was finished but was shouted down by some at the time. That said, I very stupidly bought some more shares a number of weeks ago when the share price was a little more than today's closing price. It brought my average down to a level which I thought could be achievable with a little bit of good news and a bit of sustained momentum. However, it now looks as if I just chucked more good money after bad.

My previous remark that BOIL was as good as finished was partly based on the fact that none of the Directors have purchased any shares at these historically very low prices. That can only mean that they have a good deal less confidence in the company's future than their public utterances would otherwise suggest. As pembury has also pointed out. The AGM Statement was uninspiring and basically desultory to shareholders in that it was just offering us more of the same for the foreseeable future, which is basically nothing. How much are these people drawing in salaries for presiding over this shambles?

Unless they can pull something out from the magician's hat, I can see only two options remaining. The first is that they continue stumbling and bumbling along until what money is left runs out and the company folds. The second is that they raise money to pay for operational work in either South America or SE Asia, if the nephew ever comes up with something. At today's level the placing price would be likely to be no more than 0.2p. They would have to issue hundreds of millions of shares to raise any meaningful amount, which would almost certainly come with a hefty consolidation of shares in issue. Don't be surprised to see our Board taking part in such a placing if, indeed, one does occur.

Both scenarios would see current shareholders either wiped out completely or almost wiped out. This is all in my very humble opinion but can anybody else offer a more optimistic picture?

[simon8] 03/7/2017 16:17

slow but sure lingering death ahead of Baron oil, could have been so different, a great asset in Z34, never drilled... slowly switching the lights off in the office and market slowly writing the share price off; I have no faith in our BoD to do a deal or for UOG to pay us or do anything on Z34 long before we have run out of cash.....(perhaps cynically it's what UOG want, Boil to go t*ts up...). I do wonder what on earth the Peruvians think and why no action is being taken, UOG clearly not capable in any sense fiscally or managerially to be operator, why don't they take action....

After all these years and false dawns and promises I have given up on this ever coming good.....

[pembury] 03/7/2017 16:07

I expect the Director's especially Malcolm Butler will be desperate to buy some shares at record low prices on the market given all their exhaustive behind the scenes efforts they keep talking about before they finally come to fruition.

I believe they call it putting your money where your mouth is.

0.3p.

Over to you.

[pembury] 01/7/2017 18:20

Nothing guaranteed, commerciality is the hard part.
the first two drills however were drilled without seismic!

[nlmbidc] 01/7/2017 16:58

XX1 should actually pay for itself on the gas alone. The profit will come if we can get at the supposed 7.1 million barrels of oil.

[nlmbidc] 30/6/2017 18:55

I agree Pembury. That is why SE Asia is a priority in my view.

[pembury] 30/6/2017 18:03

totally depressing mr butler!

don't hold out much hope on xx1 being successful so a drill at 100% company funded could be the end

[simon8] 30/6/2017 15:09

when does XX1 come out of force majeure? They had a drill or drop deadline mid this year before FM.... their hand will inevitably be forced soon.....