Baron Oil Share Discussion Threads

[nlmbidc] 15/2/2018 09:54

We have a great opportunity with BOIL at the moment if the board make the right decisions.

We now have the funds to drill XX1 if the board believe in it enough. Gas production likely from XX1 - oil maybe only 25% chance.

Invest into another business - O&G or something completely different (as long as it makes money). We could invest in one or two companies.

Third - our long awaited Sundagas prospect.

Get all three of these progressing over the next 3-4 months and this share could become very intertesting again.

We have the cash. We just need the right choices.

[pembury] 15/2/2018 09:40

Not impressed the board haven't taken shares instead of salaries over the last six non eventful months! Even at that this would mean paying them for the previous 18 non event months also.

What has been done in the last two years, the share price gives you your answer.

Easy money.

[tommo41] 12/2/2018 08:22

Still no reply to my e-mail. I thought they'd at least have the good grace to acknowledge they'd received it, as politely requested, even if they weren't prepared to offer any information. I'm obviously not a large enough shareholder.

In the meantime the share price continues to drift further downwards. This company is a complete shambles.

[2admiral] 09/2/2018 09:40

Yes Mr Butler needs to step it up big time and deliver something decent for once.

[pembury] 08/2/2018 09:38

I am sure they still think they are brilliant, share price/ value destruction here over the last two years would suggest otherwise.

[joetricky] 07/2/2018 17:05

Does anyone on here ever phone the board to tell them what they think?

[alasdair100new] 07/2/2018 16:03

Why don't you email him and tell him that Tommo

[nlmbidc] 07/2/2018 11:49

They need to keep the larger shareholders on-side because if one decides to sell the bottom drops out of the share price.

I would imagine they were given the option of packing it in at 0.3 pence per share. But as there has been no news they are presumably looking to farm-in to another oily or invest in a different sector.

I suspect we will hear something soon.

[petecb1] 07/2/2018 09:29

They stated they have 3.8m on 5th jan. they're paid a lot, but not 300k a month!

[tommo41] 07/2/2018 08:22

Pete,

I think you're being brave/optimistic in assuming that there is still £3.5m left in the kitty. One month has passed since the last news and you can rest assured that the people running this "company" aren't doing nothing for nothing. They will continue to have their snouts stuck firmly in the trough until either it's empty or, by some miracle, they manage to salvage something meaningful with what's left.

Also, is nobody else struck by the total arrogance of these people when they declare that they will decide on the "best" course of action after consultation with the "larger" shareholders. What about all the other shareholders who have seen their "investments" in BOIL decimated by their hitherto crass incompetence? Do we just wait around in the dark until they embark on their next hare-brained scheme?

[petecb1] 06/2/2018 08:28

Does nobody want to buy £3.5m cash for £3m?

[the guardian] 02/2/2018 08:19

Cheers my friend.

[alasparavolar] 01/2/2018 21:24

All the best TG

[joetricky] 01/2/2018 17:49

I bloody well hope so TG. Stay safe my friend.

[the guardian] 01/2/2018 17:31

BOIL is on my watchlist Joe. I watch the price and read the posts. You guys deserve a medal for patience. I always thought that Bill was a good guy by the way. Maybe you will wake up to a great RNS one day. Take care.

[joetricky] 01/2/2018 17:11

TG how are you? Great to know that you are still lurking my friend.

[the guardian] 01/2/2018 16:52

Joe, maybe that's the new venture outside of O&G - Growing mushrooms!

[petecb1] 01/2/2018 13:38

Assuming the gas transport tarrif still hasn't been resolved in Peru, XXI will be too risky to drill as even a find may still be uneconomical to produce.

[nlmbidc] 01/2/2018 13:17

Maybe RB wouldn't have rated it as highly following the subsequent seismic.

[pembury] 01/2/2018 12:10

fwiw I don't think the current board rate it as highly as rb did

the fact that the board can't find a partner to fund it fully for 50% farmin speaks volumes with well costs so low imo, not even 50/50 costs - although I am not sure if that is the asset or the boards continued failure to do any deal anywhere despite telling us for years they are in talks?. same applied to Z34, SG, NBM etc.

I have my eyes strongly focused on the bod for this next acquisition after taking the company to this point over the last two years. Lets hope they break the previous trends!.