Baron Oil Share Discussion Threads

[pembury] 20/12/2018 09:25

makes you laugh Pet

[redhill] 20/12/2018 08:17

Ensco 72 will almost certainly be at Wick today.

[chinadog3] 20/12/2018 08:12

Tommo41. Mine is not a theory just a Q.

[petecb1] 19/12/2018 22:03

We getting hammered because of the price of oil and general sentiment. Who knows, might be lower if we weren't drilling.

[tommo41] 19/12/2018 19:36

You're not allowed to mention the 'P' word on this thread, chinadog3. Didn't you know?

I was shouted down previously for daring to suggest something similar and also for suggesting that the share price wouldn't be much different than it is today by year's end.

I agree with simon8 that market sentiment may be better had Butler and his two mates actually paid hard cash for shares in the open market rather than award themselves risk-free options.

The fact that they didn't brings us back to chinadog's theory, in my humble opinion.

[chinadog3] 19/12/2018 19:02

Is a placing on the horizon?

[oildon11] 19/12/2018 16:07

Dont panic we been here long enough!! There will be lots of selling into any rises anyone thinking the price is just going to rocket to 3p overnight dream on, however once the sellers are done and new crowds arrive and if we have successes at either drill we will get our day dont you wurry.

[jaka] 19/12/2018 14:06

News Wick Well Partners Moving Jack-Up Rig From Hartlepool LONDON (Alliance News) - Upland Resources Ltd, Baron Oil PLC, and Reabold Resources PLC all said ...
Alliance News19 December, 2018 | 11:01AMEmail Form
LONDON (Alliance News) - Upland Resources Ltd, Baron Oil PLC, and Reabold Resources PLC all said on Wednesday the ENSCO-72 jack-up rig is being moved from Hartlepool to drill the Wick exploration well.

The well is located on the UKCS block 11/24b, offshore North Sea.

Reabold said the Wick exploration well will test a high relief sub-surface structure which Corallian Energy Ltd, the operator of the licence, estimates to contain mean prospective resources of 26 million barrels of oil equivalent.

Reabold is interested in the Wick prospect through its 33% stake in Corallian. Baron Oil and Upland Resources hold 15% and 40% interests in licence P2235 respectively, which includes Wick.

"We are delighted the Ensco-72 has now been mobilised for the drilling of the Wick exploration target," said Reabold Co-Chief Executive Stephen Williams.

"Following the drilling of the Wick well, the ENSCO-72 jack-up rig is planned to be moved to the English Channel to drill the Colter well," added Baron Oil Chief Executive & Chairman Malcolm Butler.

Upland Resources shares were trading 0.4% higher on Wednesday at 3.01 pence each, while Baron Oil shares were down 11% at 0.40p each. Reabold shares were flat at 0.65p each.

By Evelina Grecenko; [e-mail]

Copyright 2018 Alliance News Limited. All Rights Reserved.

[joetricky] 19/12/2018 10:26

I don't think they're finished for today either. L2 keeps getting pushed down to .45 on the ask. MM's lining up to keep it down. There is jiggery pokery afoot here !!

[pembury] 19/12/2018 10:10

resident seller straight on it!

[redhill] 19/12/2018 10:04

Confirmation now in RNS

[thelung] 19/12/2018 09:42

Have they got any skinny tan stocked in the onboard shop?

[croasdalelfc] 19/12/2018 09:27

Rig will pass Aberdeen by the morning

[croasdalelfc] 19/12/2018 09:26

The permits are part of the process. Ie issued when rig on site - they don't need OGA open - just a bloke with a checklist - they also work through Xmas and New Year - unlike ANGS who are closing for 2 weeks

[nlmbidc] 19/12/2018 08:19

You are one cheerful fella soulsauce.

[redhill] 19/12/2018 08:18

Its now moving north with the Pacific Dispatch. Making good progress.

[soulsauce] 18/12/2018 15:36

But if they do not have the final permit in by Friday it will. Can't see the Oga being open all Xmas.

[nlmbidc] 18/12/2018 15:31

It takes 4 days max to get the rig to the location.

They have dragged it out of Dock to open sea.

Christmas will not delay the drill.

There are 13 more days this year.

[soulsauce] 18/12/2018 14:55

How do you figure nimbidc?

[nlmbidc] 18/12/2018 14:34

Of course it's going this year.

[pembury] 18/12/2018 14:18

Spudding aint going to happen this year then?

The work programme for the board this year was 3 wells and they have delivered a big fat 0.


Still get a nice monthly package though and a load of options.

[redhill] 17/12/2018 13:21

Its moored up at the moment in the North sea

[joetricky] 17/12/2018 11:49

So the rig has moved out into the north sea awaiting the tow vessel. According to Clarkson's the Pacific Dispatch and Maersk Lifter are on their way.

hxxps://offshore.clarksons.com

hxxps://www.marinetraffic.com/en/ais/details/ships/shipid:728708/mmsi:564652000/vessel:PACIFIC%20DISPATCH

hxxps://www.marinetraffic.com/en/ais/details/ships/shipid:159642/mmsi:220579000/vessel:MAERSK%20LIFTER

Still got the geophysical consent to be signed off yet but with money being spent on the rig move that would seem to be a formality.

Now it's time to buy.