Baron Oil Share Discussion Threads

[georgethefourth] 06/5/2022 08:45

Daar - you’ve got excellent timing I’ll give you that. You post a dump is incoming and that post literally marked the low

[zxie] 06/5/2022 08:40

Strong volume

[zxie] 06/5/2022 08:28

Other cheap prices INSP shares start moving

[zxie] 06/5/2022 08:26

MM go north soon

[zxie] 06/5/2022 08:26

Cheap prices

[gasman10] 06/5/2022 08:18

Buys coming back 11 shortly

[daar] 06/5/2022 08:15

Dump incoming from the crew who bought around 0.07 levels... Always the case with Boil

[daar] 05/5/2022 18:46

Twitter pump crew working overtime today :)

[georgethefourth] 05/5/2022 13:00

Wanted a few more here ideally, but looks like I missed the cheap ones today. Glad I got a bunch more in low 7s the other day

[gasman10] 05/5/2022 12:37

Would the Chinese bid for Baron???

[gasman10] 05/5/2022 09:41

24m buy just gone through

[mn100] 05/5/2022 09:35

Bought a few this morning. Will keep until end of year.

[gf123] 05/5/2022 08:41

I agree. Be careful...you don't miss out!

[oildon11] 05/5/2022 08:38

Yes beware dont dive into investing in something without doing your research, the potential here is incredible could 50 bag on the correct news a green light from the TL gov and this becomes a 1bn pound company. The amount of movement here at the min is interesting and suggests this news may be closing in. However this is aim.You buy your ticket....

[daar] 05/5/2022 08:24

Be careful, be very careful here

[mick1909] 04/5/2022 21:55

14 billion shares in issue confetti cannon in full swing

[ianpuddifoot] 04/5/2022 18:23

Don't see a gang

[dillydally2] 04/5/2022 11:27

The old pump for boil by the gang

[daar] 04/5/2022 10:36

Big overhang in play here. Once cleared will move upwards

[stocktrend2] 03/5/2022 10:27

Lvcg news tomorrow easy bagget “I do hope you are at our webinar next week As I have explained to you and others I do not intend to communicate outside specific Company updates. I have a lot to communicate next week - all positive but like everybody else I am afraid you will have to wait.
I look forward to answering any questions you may have then.
Webinar and rns tomorrow lasy chance to get in

[hedgehog 100] 30/4/2022 10:19

Or perhaps we should say Yeouch ...


29/04/2022 13:10 UK Regulatory (RNS & others) Baron Oil PLC Placing and subscription to raise GBP1.65 million LSE:BOIL Baron Oil Plc

"Baron Oil (AIM: BOIL), the AIM-quoted oil and gas exploration company, announces that it has conditionally raised GBP1.65 million (before expenses) by way of a placing and subscription (together the "Fundraising") of a total of 2,750,000,000 new ordinary shares of 0.025p each ("Ordinary Shares") in the Company (the "New Ordinary Shares") at a price of 0.06 pence per share (the "Issue Price"). Allenby Capital Limited (" Allenby Capital ") is acting as broker in connection with the Fundraising, which was oversubscribed.

Andy Yeo, CEO of Baron, commented: ..."




So much for the £3M raised thirteen months ago being sufficient til. November 2022:

24/03/2021 07:00 UK Regulatory (RNS & others) Baron Oil PLC Proposed Fundraising and Chuditch PSC Earn In LSE:BOIL Baron Oil Plc

" ... In order to fund, inter alia, the Earn In and the Chuditch PSC work programme until the end of the Firm Commitment Period ("FCP") in November 2022, Baron also announces that it has conditionally raised GBP3.0 million (before expenses) by way of a placing and subscription (together the "Fundraising") of a total of 6,000,000,000 new ordinary shares of 0.025p each ("Ordinary Shares") in the Company (the "New Ordinary Shares") at a price of 0.05 pence per share (the "Issue Price"), to be undertaken in two tranches. Allenby Capital Limited ( " Allenby Capital " ) and Turner Pope Investments (TPI) Limited ( " TPI " ) are acting as joint brokers in connection with the Fundraising. ..."

[hedgehog 100] 27/4/2022 17:11

The BOIL chart this year looks like it could be forming a gentle upward channel:

[hedgehog 100] 27/4/2022 16:37

02/09/2021 07:00 UK Regulatory (RNS & others) Baron Oil PLC Interim Results for the six months to 30 June 2021 LSE:BOIL Baron Oil Plc
"... Financial
-- Available cash (excluding monies held as security for bank guarantees in Peru and Timor-Leste) as at 30 June 2021 of GBP2,515,000 (30 June 2020: GBP1,798,000; 31 December 2020: GBP1,190,000). Successful Placing and Subscription raising GBP3 million (gross) announced on 24 March 2021. ..."


Searcher,

BOIL had £2.51M. cash at the half year stage, and the first half operating loss was just £448K., so the cash position should be fine even allowing for increased spending.

So even though seismic results for both the North Sea, and Timor-Leste, could slip into H2 from this quarter, I don't think that there will be a need to raise funds before that.

Not that topping up the coffers in the current strong oil-gas price environment should be any problem.

The share price had got a bit ahead of itself at the recent spike to 0.085p, but with the retrace to 0.07p it looks to be at an attractive buy price again.