Baron Oil Share Discussion Threads

[pazzuzu] 03/8/2018 09:31

Ooooo exciting. Drills draw near.

[chinadog3] 03/8/2018 09:25

Are we about to take off?

[petecb1] 01/8/2018 07:40

UPL still saying September for wick: Wick well, which is to spud in September 2018. Let's hope so, it doesn't look like anything's going to happen in Peru, again.

[redhill] 25/7/2018 15:58

Only kidding mate.

[chinadog3] 25/7/2018 14:34

Redhill glad to see it tick up subsequent to my post and last nights close which was what I was referring to! Viz placing point good news on an Aim stock sometimes foreshadows a placing. Personally I will be disappointed if any such arises.

[nlmbidc] 25/7/2018 13:24

They may well raise cash when colter or wick is proven as they will have some oil production to pay for.

[simon8] 25/7/2018 12:55

There is no reason to raise cash now especially st such low prices which would result in massive dilution. They have cash to cover current ops, if successful share price will hopefully go up and raise cash for next stage of drilling then.
Would be lunacy to raise cash now.

[pembury] 25/7/2018 12:46

cd? why they have cash in reserves as outlined in rns!.

[redhill] 25/7/2018 12:41

Actually its up ! lol

[chinadog3] 25/7/2018 11:27

Thanks Petecb1 et Simon8. Sp drop as predicted by Pete. Anyone see a placing coming?

[tommo41] 25/7/2018 11:23

During all the ramping about the share price multi-bagging not too many moons ago, I posted that I would be pleased if the share price could achieve 0.75p by summer's end.

Little did I know at the time how outrageously ramptastic even my modest forecast would subsequently look.

Good description, pembury, of "how cosy this arrangement is" and correct that some, if not all, are watching this very closely. As far as I'm concerned the jury is still very much out on Mr Butler.

[nlmbidc] 25/7/2018 11:04

Amounts to the same

[spangle93] 25/7/2018 11:00

The UPL RNS ref Wick has a different rationale for the extra money.

It reads to me like 10% contingency has been added to the original estimate: UPL calls it extra days, BOIL calls it rig and services costs

[simon8] 25/7/2018 08:46

Authorisation for expenditure, effectively the operator will send the non ops a budget for a project this is analysed, debated , adjusted and finally agreed. Once the AFE is signed by all parties the operator can go out and spend the cash authorised and cash call the non ops. Hope helps

[petecb1] 25/7/2018 08:45

Authority for Expenditure

[pazzuzu] 25/7/2018 08:43

Lovely little update, can't sneeze at that.

[chinadog3] 25/7/2018 08:24

What does AFE stand for (reference today's announcement)? Thanks in advance

[redhill] 23/7/2018 22:18

that 25 million now looks like a rollover as corresponding entry at 17.07

[petecb1] 23/7/2018 15:45

The last 10 years the vast majority of RNSs caused the price to drop

[pembury] 23/7/2018 15:36

someone bought it!

[redhill] 23/7/2018 15:30

Who wanted volume ? 25 million dump !

[pazzuzu] 23/7/2018 15:18

Why so Pete?

[petecb1] 23/7/2018 14:51

Last thing I want is news!

[kumala] 23/7/2018 14:35

Any news out.. ? 18% up... mmmmmK:)