Baron Oil Share Discussion Threads

[zxie] 24/10/2022 07:50

Good morning good results

[petersmith6] 24/10/2022 07:45

Pre opening price just shot up..

[2admiral] 24/10/2022 07:44

been expecting more farmout news

[mick1909] 24/10/2022 07:38

0.19p first support lets see if it holds

[petersmith6] 24/10/2022 07:26

At least there being up front. But they still have a significant asset

[purchaseatthetop] 24/10/2022 07:18

Take note of the words “best case”. There are many other possible cases!

[kcowe] 24/10/2022 07:12

Significant increases in management's aggregate Gas-in-Place and Recoverable Gas Resource estimates

Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration and appraisal company, is pleased to provide a further update on the TL-SO-19-16 Production Sharing Contract, offshore Timor-Leste ("Chuditch", the "Chuditch PSC" or "PSC") and the preliminary interpretation of the reprocessed Chuditch 3D seismic data.

Chuditch Highlights

-- Best case aggregate gross Gas-In-Place estimate of approximately 5,500 BCF versus an equivalent estimate of 3,889 BCF prior to 3D seismic data reprocessing

-- Best case Recoverable Resource estimate of 3,625 BCF, using preliminary gas recovery factors of between 50% and 75%, versus an equivalent estimate of 2,924 BCF prior to 3D seismic data reprocessing

-- Chuditch-1 gas discovery best case Recoverable Resource estimate of 1,350 BCF is materially larger and may independently represent a Liquefied Natural Gas ("LNG") scale resource

-- ERCE engaged to prepare a Competent Person's Report ("CPR") - potential for contingent resources to be assigned to the Chuditch-1 discovery

-- Chuditch SW prospect Gas-In-Place estimate has increased, but greater structural complexity may imply a lower recovery factor

-- Extension of sizable Chuditch NE Lead onto 3D seismic data area confirmed
-- The previously unevaluated 'Quokka' Lead extends onto the 3D seismic data area

Technical Update

Preliminary interpretation of the Chuditch PSC reprocessed 3D seismic data is leading to significant increases in management's aggregate Gas-in-Place and Recoverable Gas Resource estimates (the "Update") compared to the previous independent Prospective Resource estimates by THREE60 Energy (the "2021 Report", 14 July 2021).

The preliminary interpretation has led to a significant uplift in seismic imaging quality and has significantly reduced subsurface risk. Mapping indicates a greater concentration of resources into the Chuditch-1 discovery in a simplified and robust structure with relatively high gas recovery expected. The adjacent prospectivity has evolved; its understanding is now more robust, including confirmation of leads extending onto the 3D seismic data area.

Consultancy group ERCE has been engaged to prepare a CPR to provide an independent validation of Baron's internal resource estimates to a SPE PRMS compliant standard, which will include a probabilistic estimate of Resources and revised risk factors.

Revised Gas-in-Place and Recoverable Gas Resource estimates, gross for the Chuditch PSC, are detailed in the table below:

[firestorm911] 24/10/2022 06:53

Happy Monday

It's Halloween week, enjoy the decapitation and bloodbath.

Regards,
F911

[citycanary] 23/10/2022 21:20

IMHO the next week has all the potential of being a crazy few days. We may even touch an MCAP of £200M at one point. What will the share price be at this time next week? ....no idea. Perhaps 2p or perhaps 0.15. Experienced traders are going to earn their xmas bonus early. If you were in at sub 0.1p then enjoy the fireworks.....

GLTA and DYOR

[smcl] 23/10/2022 21:19

FS- loon brain, nasty manic depressive

[smcl] 23/10/2022 21:18

Agreed kcowe. Filter the bell end!!

[oildon11] 23/10/2022 20:05

No 1 rule of aim DYOR set your targets and when an investment starts going well stick to your plan ride the waves execute you plan and ignore all the planks who turn up claiming to know whats happening after they have seen it on the risers list and are suddenly experts. This includes all the Donut rampers with ridiculous predictions on a share going from a small cap to bigger mkt cap the shell overnight.

[tomtum1] 23/10/2022 20:04

A good stock for a short this week thats for sure.

[oildon11] 23/10/2022 20:00

Hey remember when firelightbreeze turned up the other day claiming he and the "crew"had a short on and this was going to crash, then an hour later claimed to be long and he had made a packet hahahhah what a clown.

[bigpecs] 23/10/2022 19:30

Hopefully break a new high tmrw GLA so glad to be onboard with this beauty

[1sharewithme] 23/10/2022 19:30

Doubt it,you sound like a wrecking crew I once knew!

[firestorm911] 23/10/2022 19:26

Big hammering tomorrow morning. Exit doors will be closed. Bloodbath is coming, it's Halloween.

Regards,
F911

[1sharewithme] 23/10/2022 19:18

Can you not be so offensive,you can make your point surely without this surely ,thanks

[percy38] 23/10/2022 18:08

Keep them golden tickets boys and girls . Don’t listen to anyone

[tomtum1] 23/10/2022 18:02

Hopefully you made money on the spike as this is definitely going one way. Overvalued and ramped up.