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Looks like seller is back
13:48:45 0.0751 25,407,470 19.08k O
13:48:45 0.0751 -25,407,740 -19.08k O
13:49:05 0.0763 100,000 76.30 O
13:48:45 0.0751 25,407,740 19.08k O
13:48:12 0.075 25,407,470 19.06k O
hi Lemon welcome aboard , don't ramp too much
this one will not need it
It will ramp itself lol
:))
This is also a good sign, on announcement of such a huge placing we where 0.084
we have with 10 not 4 billion shares in issue recovered by sp and are increasing
where it counts MC
Last year when things in the area still slow, we had a few attacks at 0.15 awaiting the
seismic/other news that never came
we already have some news on license progress jan/feb , the sudden urgency to increase
SG holding from 33% to 85% 24th March , the following 2 days the online oil and gas
conference, with Sundagas Chuditch presentation and CGG with 2 the second being
on HIGH RESOLUTION seismic and what's been revealed
That must be a ref to last summers TGS 2D cubed survey over 50,000 sq KM entire area
on and offshore, done in support of the new license round, our SG has also been heavily
involved assisting loal NOC in organising 3 of these events, so was also anticipated that
we might pick up a new license also GLA
:))
The best part is the BOD are not a bunch of crooks but genuinely good people. Brexit plus covid plus nightmare at Timor I felt sorry for them. But now it's all running smooth & on track plus the % stake at Timor which I was well impressed with ( I thought we were out) boom we own it lol. Well done! Scotland on tap Peru drilling commencing.
Stars aligning for the barron here . Hopefully I can grow a pair and hold until mid 2022 . 3/4/5p ??? Higher ???
0.0825 paid
Double figures next week.
KEEP saying never seen one churn such high volume in a month (lost a couple to bank hols to)
the placing is 6 Billion shares on top of the original 4 that's 150% increase to shift
the churn has been awesome
even taking the pre 2000 comments you use to get in rna message orderly market stuff
and will only 25% of daily volume the 16 Billion churn would have converted 4 billion
of that 6 billion shares
as we all know the post 2000 rise of the wonga lenders (not investors) they shovel them
out quicker, so would say if they are a derisk save some they are deffo finished if they
are an all the way to the exit , must be getting close with this level of churn
said just prior to close last night the trading pattern had shifted and said CALLING IT
and being one that likes a late rise , woke up to a 20.83% rise showing
soon, close or imminent - its about to get real GLA
33% up, BID moved up to 0.85p
Keeps going to can't buy and buy at 8. Might we rise a bit more?
Cannot even get a Quote now on Barclays?
Ignoring the portion of Bilby(Chuditch North)outside the PSC, total Mean volume estimated for GIIP in the ChuditchPSC area is 2,320 BCF, with an expectation of gas recovery in the range of 55% to 75%. Baron computes gross Meanrecoverable Prospective Resources of 1,276 to 1,740 BCFfrom this GIIP figure.Shell also estimated volumes of gas initially in place from the nearby Wombat Prospect (now renamed Chuditch SW by SundaGas),also lying entirely within the ChuditchPSC. The following GIIP figureswere again derived using Shell’s in-house analysis and are not SPE PRMS compliant:Note that the gross Mean GIIP is computed at 581 BCF and Shell gave a Probability of Success (“POS”) of 59.5% (which Baron considers equates to the Geological Chance of Success).
Can sell but not buy anything
Thanks Jarv
was about to go looking for them again , have posted a few times lately
its a monster Mega multi bagger in the making GLA
:))
Confirmed can’t buy even £20 with Lloyds.
Placing shares flipped? The volume has been massive recently.
If so this could rocket!!!!
Can’t buy a bean. NT to buy
Additionally when awarded the license a clause was put in for the initial exploration period
actually states ( i can resurrect the article posted it a few days ago)
on identifying the viability of Chuditch , the license will immediately be upgraded and WILL
require an exploration drill asap
We know the area is moving, we know the seismic done by TGS is being viewed by industry
players, we might not have to wait for the now being processed 3D which includes our area
for one of them to make an early move
Especially Shell themselves , they developed it and KNOW exactly what is there !
:))
CHUDITCH–1 DISCOVERY WELL, 1998INFORMATIONDERIVED FROM SHELL REPORTS ON THE WELL RESULTSThe following information on the TL-SO-19-16 PSC (the “Chuditch PSC”) has been taken from publicly released reports1on the area prepared by Shell Development (Australia) Pty. Ltd. (“Shell”)in 1998and 2001 after the drilling of theChuditch-1 discovery well in what was then the ZOCA 91-09 PSC.Commentary by Baron is italicised.Chuditch-1 was drilled in a total of 25 days for US$8 million. All GIIP figures have been derived from Shell’s in-house review of existing 2D seismic data and neither theynor Baron’s comments arecompliant with the 2018 SPE PRMS Prospective Resources standard.Baron intends to invest in the Chuditch PSC project through its entitlement to a one third shareholding in SundaGas (Timor-Leste Sahul) Pte. Ltd., equating to an indirect net 25% interest inthe Chuditch PSC.Shell’s “Greater Chuditch” Area, encompasses three structures that were mapped as having a common closing contour at the level of the gas-water contact in the Chuditch-1 well. These are Chuditch, Chuditch West and Bilby(now renamed Chuditch North by SundaGas).Shell noted that they had set to zero the risks associated with trap, reservoir and charge for the Greater Chuditch closure (that is, the Geological Chance of Success is assumed to be 100%, with remaining uncertainty relating to volumes). The gas water contact at 2,920 metres subsea was used to define the areal extent of the hydrocarbon accumulation. The uncertainty associated with the reservoir has been reflected in the ranges they used for each parameter.
https://www.baronoilplc.com/wp-content/uploads/2020/02/Shell-analysis-of-Chuditch-potential.pdf
Hopingforbags have you got a link for the 100% cos please
This will hit 0.10 either late afternoon or tomorrow morning in my view.
And higher range next week as it gains traction
As always say can never compare prices even on the same share old sp highs
and 52wk's generally all bogus as the share base has been diluted
Boil most recent high market cap wise would come out now at around 0.25p
with CURRENT share base, never about sp always about MC over time
Chuditch bigger than that near 400mboe posted, the Shell GIIP for the right hand side
of the license was 100% COS and 5.73 TCF GIIP that's 974.1 Mboe, with much upside to
the south west with another half a dozen leads they though more high volume gas and
two that they thought more likely OIL or Condensate reservoirs
This is a monster of an asset for a market minnow, regardless of the eventual deal
new field development Operator and terms of farm in, cash , drills free carry end
holding %j
This at minimum will be worth a transformational hundreds of millions in the ground
NPV 10 etc alone, never mind the production down the line
At current diluted share base 1p is only ÂŁ104m of that potential, as someone said
recent still looking for a sweet spot explorers 88e hit a Market Cap of ÂŁ569M on that
anticipation rise
We on drilling will have far higher expectations Shell already spent ÂŁ37M on development
and $8m on the Chuditch high volume gas discovery well drilled in a mere 26 days
So a deep pocketed partner will be looking to fast track multiple wells
This is a proven asset by a Major coming back into play soon and worth Billions
GLA
Added a few more
0.077p to sell
0.80p being paid
Looking good. Liked this company and for me it’s a long term hold. Short term looking at 0.2’s imo