Baron Oil Share Discussion Threads

[sammy g] 30/4/2024 14:36

Nice to see level 2 so strong again dudes - has potential to go on a very nice little run this now.

[jacks e4] 30/4/2024 12:58

Cheers Eddie i will keep it in mind and many thanks for sharing.

[jacks e4] 30/4/2024 12:53

1sharewithme who is five candies ??

[eddie jackson] 30/4/2024 12:36

Jacks - he has held a number of senior positions for oilers at CFO level and currently works for a well known French oil Major,but also well connected in wider industry.I listen when he speaks :-)

[jacks e4] 30/4/2024 10:31

eddiejacksoon

This pal of yours is he credible ? sounds like a tasty new angle if true.

[eddie jackson] 30/4/2024 09:30

Picked up abit of intel from a pal who works in this sector,he suggested that Baron Oil have caught the interest of a major Bahrain investor who has connections with Barons new boss.If that comes to pass we will see many new eyes on this IMO

Would not suprise me at all to see something like that happen,the prize on offer for them would be hard to resist surely.Game on here soon IMVHO

[tradedesk1] 29/4/2024 14:52

Tbh your +0.20 average is one of the highest around if you still need higher to breakeven, in recent years it spiked past that only when the CPR & 3D landed (there was an occasion when it did circa 500% before that in the early days of Chuditch acquisition, it tagged 0.50), more recently February of this year it tagged 0.175. The median here is circa 0.10 and spikes up from there. The current share price is near all time lows, usually doesn't last for long down here before climbing and is an opportune time to average down, but you have to do what is right for you.

[simon8] 29/4/2024 14:23

Afraid I am the king of averaging down with this one, done it a few times thinking this has to be the bottom, each time the share price has drifted lower... I will hold what I have for now and hope for a bull run after some excellent news regardimng the impending farm down and drilling...(or company buy-out) I can but hope both will happen!

[tradedesk1] 29/4/2024 13:12

Simon, not financial advice but maybe consider taking advantage of these low prices if you believe in the upside to bring your average down. If you have the means to do so. One for you to weigh up.

[simon8] 29/4/2024 08:52

I would need a lot more to break even than .2 but am willing to take a reduced loss if it provided some finality and something significantly higher than today's share price I have been here for so long I would love to see it just go!

[jungmana] 29/4/2024 08:22

Simon a take out at a decent price is welcome. Those companies mentioned in the article all have deep pockets and can easily buy out boil.Personally will take 0.20p now but I guess many long term holders would want more.

[simon8] 29/4/2024 07:43

We can only hope Jungmana, it's been a long journey, we need a change in fortune!
My personal preference is for the company to be taken out lock stock....

[jungmana] 28/4/2024 09:27

From that brilliant article from a reputable source:"Significantly, the exciting opportunity is thought to have attracted interest from LNG investors. Baron Oil is seeking investors to back the relatively low-risk appraisal drilling campaign at the Chuditch gas field offshore East Timor. Possible suitors include Eni, Inpex, Santos, Petronas, and even Chinese national oil companies (NOCs), for the potential LNG project, as ENB reported last November."

[jungmana] 26/4/2024 14:56

Added a few million more shares today.Common baron oil ( sundagas energy) let's get that funding news out soon.0.20p is my target on funding news.

[royalles] 25/4/2024 10:37

MM,s are playing games here,i had a 17m and 11m buy here today and they not showing anywhere thus far.Coiled spring ???

We know there is a stack of news due in this business quarter and i suspect the placing rump has cleared.Possible by this time next week we may be on a 0.10p ask.

[jungmana] 25/4/2024 09:03

Book looks good this morning. Imo just starting the move into 0.080p - 0.10p zone .Overhang is cleared

[tradedesk1] 25/4/2024 08:45

I don't deal in bulletin board rumour. The news we know is due at any moment now. We've had the Technical Site Survey and much needed Board changes thanks to shareholder activism. Next up is the big one Rig Contract and Farm-Out/Drill funding partnerships.

The overhang has completely gone, we've traded over 26bn shares since the placing which is over x4 times placing since the raise 2 months back. We're cashed up to the tune of circa £7m. I'm expecting a significant rerating.

"valuation for the Chuditch project unchanged at US$190m. This assumes a farm-down in Baron’s interest from 60% to 30%...Based on 25.51bn shares outstanding post Feb 15, 2024 raise, the risked valuation is 0.595p/share"

"success case Chuditch valuation remains at US$683m" thats circa 3p.

[fx analyst] 25/4/2024 08:20

Great timing if true as the order book ready to flip wide open on the upside!



1_dma - 25 Apr '24 - 08:14 - 14021 of 14021

Tradedesk, i picked up abit of intel last night,a friend who works in sector on legals side says there is some major new development coming out of Timor.

Keep an eye :-)

[1_dma] 25/4/2024 08:14

Tradedesk, i picked up abit of intel last night,a friend who works in sector on legals side says there is some major new development coming out of Timor.

Keep an eye :-)

[tradedesk1] 24/4/2024 16:27

Next few RNS's should light the blue touch paper here. Rig Contract & Farm-Out news is next

- Technical Site Survey ✅
- Board Appointments ✅
- Rig Contract
- Farm-Out
- Environmentals
- Rig Mobilisation
- Well Spud
- Flow test result