Baron Oil Share Discussion Threads

[phoebusav] 09/5/2018 12:17

Nice try Tidy. You posted the same dribble on May 4 and I corrected you then. Try reading the response this time and stop misleading eveyone.

[phoebusav] 09/5/2018 12:11

BOIL has 3 wells planned for 2018:

1) Colter / 26.8 MMB P50 recoverable gross, 1.34 MMB net to BOIL with 56% COS. Planned for 2018 Q2/3.

2) El Barco-3X / between 2.08 MMBOE and 8.17 MMBOE P50 recoverable net to BOIL depending on oil/gas case and farmout or not. Planned for summer 2018.

3) Wick / P50 recoverable 70 MMB gross, 10.5 MMB net to BOIL with 36% COS. Planned for Sept 2018.

If we use the gas case for El Barco-3X as per last presentation the total P50 recoverable net to BOIL for the 3 drills is between 13.9 MMBOE and 16.0 MMBOE depending on El Barco farm out. In the oil case the total rises to between 15.9 MMBOE and 20.0 MMBOE P50 recoverable net to BOIL.

All drills are more than fully covered by existing cash reserves which are > 50% of market cap. Make no mistake, the prospects are huge for the current market cap. GLA

[pembury] 09/5/2018 11:46

they have a lot of other interests also up to 100% wi!

[tidy 2] 09/5/2018 11:42

Boil has 5% of 27m barrels ?

[pazzuzu] 09/5/2018 11:23

Yes it is sir... Getting very excited about this cheeky little number. :)

[no24rton] 09/5/2018 11:21

starting its long move north..

[pazzuzu] 08/5/2018 16:24

This one is gonna be mega this year. It's gonna be my best one.

[pembury] 08/5/2018 13:21

yes they are in a sound position and no debt - so come on mb news time!
boil also trades on nex and the buying is currently 0.537p

[ileeman] 08/5/2018 13:19

Yea correction minus the farm ins etc

Still sitting on a very nice cash pile.

[petecb1] 08/5/2018 13:17

They don't have $5m cash.. they did and then they spent a lot of it on the current assists.

[ileeman] 08/5/2018 13:13

Bought a few today, did not realize they had such a large cash position, for some reason I thought they had no cash.

Big shock to find out they had $5mil so I started buying.

Given market cap, looks like a no brainer.

[pembury] 08/5/2018 09:38

seriously Malcolm get a shift on! where is xx1 going the talking is done!
it's may now so these wells need to start moving

[2admiral] 05/5/2018 08:34

Agree pem doubled up in my ISA Friday, big year for Boil so everything crossed!!!!.

[petecb1] 05/5/2018 08:32

Out of interest what do you think the current fair value is for boil?

[petecb1] 05/5/2018 08:31

Yes that's the same string of sentences that get posted on a daily basis across the various boil boards. Tell me something I don't know.

[petecb1] 04/5/2018 20:07

We have small percentages of small wells.. lets not get carried away.

[pembury] 04/5/2018 18:56

0.5p is a slump not a pump. How many aim companies have 3 or 4 wells due this year, all in oil and gas producing areas, all fully funded, no debt and cash reserves valued at these levels?. Guessing very few.

[tommo41] 04/5/2018 18:36

He's probably sitting somewhere comfortable, counting the money he received from BOIL and having a quiet chuckle to himself at all us shareholders, most of whom are heavily underwater on their investment. Seriously though, the whole Sundagas issue appears to have been brushed under the carpet, in the hope, in my opinion, that the other morsels we've been given will make us forget about that waste of time and money.

Also, as much as I wish it was, I wouldn't describe this share as being "massively undervalued". Certainly not at the present time.

[chinadog3] 04/5/2018 17:12

Serious Q. What happened to the nephew?

[alasdair100new] 04/5/2018 16:49

It's hardly a pump- it's a massively undervalued share with some serious company changing prospects

[phoebusav] 04/5/2018 15:30

Some of these buys are delayed. They moved the price earlier.

[pembury] 04/5/2018 14:11

4 rns in a day how exciting