Baron Oil Share Discussion Threads

[nlmbidc] 10/5/2018 21:28

Year end report due around 6th June which should include some updates on most prospects.

[nlmbidc] 10/5/2018 21:12

I can understand long term holders having their doubts but the CEO at the March presentation (on the boil website) stated that any of the 3 planned well being successful would have a significant impact to the share price.

If all three wells are successful and the SE Asia target is successful I see around 10 pence being possible.

Remember that Colter and Wick have other prospects that will not be explored by the first well.

[pazzuzu] 10/5/2018 15:26

Yes I leman, it's simply a no brainer at these levels when looking at the figures and calculations. No brainer at all.

[ileeman] 10/5/2018 09:14

Great write up.

5-10mins research and you can see market cap is way off where it should be.

Currently priced at double cash so market is valuing wick/colter/peru etc at £3million which is crazy. Upside on drills in monsterous.

[pazzuzu] 09/5/2018 19:37

A great detailed outline by sadaat.Here it goes, tip with 500-700% upside potential in next 4-6 months TIP 09: BOIL (Baron Oil)Market cap : £6.50m (Target m/c: £50m mid-case, £100m high-case)Share price: 0.475p (Target price: 3p mid-case, 7p High-Case)Drilling: Wick & Colter to drill in Q3 (September) and El Barco-3X Well in Peru to spud in summer (I'm not expecting this will be drill in summer, but if it happen, it will be big bonus in valuation)Cash position: $5.2m as of Jan 2018. Fully funded to cover all 3 wells.Resource size (Net BOIL): Wick (4 mbbls)Colter (1 mbbls)Total Reserve from UK: 5 mbbls = £50m NPV (600% upside)El Barco-3X target 25 BCF = 4 mbbls = £40m (500% alone from El Barco-3X) . Total NPV from 3 wells = £90m (1400%). El Barco-3X also has oil potential at deep zone targeting 8 mbbls tough it's deep zone is high risk thus not included in the valuation. if it hits oil at deep zone this will worth £80m alone the deep zone. Risk: Colter: Chances of success: 58%, Wick: Chances of success: 30% But UPL terms it as Low Risk, PERU is low risk shallow target and high risk oil target (bonus)Currently trading at bottom level, and compare to other shares in same play, BOIL is under valued and high upside potential ( BOIL v UPL UOG RBD)If colter drill hit oil, this will worth £12-15m, if wick hit oil it will worth £40m and if El Barco-3X hit gas this will worth £40m and if hit both target (gas & oil)= £100m (1500%)All calculations are based on $55/b oil prices, where as current oil prices is above $70/bPersonally, I see 100-200% pre spud (like UPL) and any oil discovery this will multi bag (500%+) from current level.Cost of drill net to BOIL: Colter: £0.5mWick: £0.85m El Barco-3X: £1m ($1.4m)Total Cost: £2.35m (Cash Balance: £3.6m)Comany is also in discussion with 3rd party for farm-in in El Barco-3X that will cover 50% cost.Wick Prospect= Low Cost, Low Riskhttps://www.investegate.co.uk/baron-oil-plc--boil-/rns/update-on-operations/201802270858030639G/Colter RNShttps://www.investegate.co.uk/baron-oil-plc--boil-/rns/operations-update/201803060700057965G/Peru updatehttps://www.investegate.co.uk/baron-oil-plc--boil-/rns/update-on-operations/201802190700042042F/Fund position:https://www.investegate.co.uk/baron-oil-plc--boil-/rns/guarantee-bond-for-block-z-34-released/201801051356501290B/http://www.proactiveinvestors.co.uk/companies/news/192666/baron-oil-to-take-part-in-bournemouth-oil-well-192666.htmlGood luck and alway DYOR.

[pazzuzu] 09/5/2018 18:48

I have conviction of my views sir. Three wells, low risk, funds ready, this one is gonna do well, but fear not I will put IMHO on the end in future. Onward and upward good sir.

[petecb1] 09/5/2018 18:46

I'm not deramping. I've a reasonable holding and have been here for many many years. I very much want it to succeed.

What I can't stand however, is people turning up and posting misleading nonsense on the boards all day every day. Proclaiming BOIL is a multi bagger, maybe or may not be true. But I am sure that you don't know whether it is or isn't yet, but you still state it like a fact.

[pazzuzu] 09/5/2018 18:41

No my friend, just saying I didn't see any large significant sells, all I saw was a few hop scoching pis taking 5%, in for a quick buck. At least be fair my friend with your de ramps and keep it factual.

[petecb1] 09/5/2018 18:28

You want me to tell you each of the trades that were sells?.. If you want to believe every trade every day is a buy then that's up to you.

[pazzuzu] 09/5/2018 18:23

Didn't see any big sellers selling into this rise, can you point me in the direction of said trades?

[petecb1] 09/5/2018 18:19

Tommo is about the only person talking sense. 1-1.5p is realistic IF everything goes to plan and the drills are successful, and that is a big IF. Success on one of the wells would be good. If they all fail, then I think it's probably game over for BOIL.

There's very obviously some big sellers out there selling into this rise, and no doubt lots more waiting at 0.6, 0.7 and so on. Lots of long term holders who've been waiting for years to get out, as well as people who bought in a 0.3 and now have a healthy profit.

People on these boards seem to think you drill a well one day, and pump £200M out the next. It doesn't work like that.

[pazzuzu] 09/5/2018 18:18

Summed it up beautifully there.

[pembury] 09/5/2018 17:52

Agree, if any of these wells deliver something half decent this will be a game changer for this co. Production, revenue and reserves is the name of the game to build a business.

Colter
Wick
XX1
Sundagas

All due from this quarter throughout the year.

Some decent low risk, low cost /development assets with a good c.o.s.

[pazzuzu] 09/5/2018 17:28

Tommo don't agree in the slightest, with three funded well this could quite easily multibag, but each to there own my friend.

[tommo41] 09/5/2018 17:12

Yes, this can't hold on to any decent rise. Telling, I think. Some of the posts on this thread are very unrealistic. Certainly no multi-bagger. If things go well I will be pleased if the share price breaches a penny by summer's end.

[chinadog3] 09/5/2018 16:57

Almost back to where it opened. Disappointing

[pazzuzu] 09/5/2018 16:50

Baron oil, the multi bagger. Bring it on

[pembury] 09/5/2018 13:10

Yes it's 0.55p not 5p!

[pazzuzu] 09/5/2018 13:04

A P and D? What a fool of took! Filtered. Don't need to listen to drongos like that.

[phoebusav] 09/5/2018 12:46

Considering how ill informed you are I wouldn't have the audacity to refer to it as a pump. Having been on its knees for some considerable time the market is starting to cotton on to a well funded business with a new line-up of interesting assets all with near to medium term newsflow. An unloved share is rerating on the back of its new reality.

[phoebusav] 09/5/2018 12:39

Check and you'll see my response on 4 May. I suggest you go read the RNS statments and presentations as well. The information is all there.

[tidy 2] 09/5/2018 12:36

I didn't see no reply all you have to do is read the RNSSick of this being pumped everywhere so I took a look. Pump and dump but GL.

[bobonumber1] 09/5/2018 12:20

Good one mug

[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