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hopingforbags
5p will do nicely
Great... then I guess it really is a matter of time... and there will be a few big players circling waiting for their opportunity!
Is it also just a matter of time before they’re given permission to start making moves?
Wonder if this lot will also join the London IPO party, came across a filing on companies house while
looking at copl's latest status
https://suite.endole.co.uk/insight/company/09275037-timor-sea-oil-and-gas-limited#:~:text=Timor%20Sea%20Oil%20And%20Gas%20Limited%20is%20an,latest%20confirmation%20statement%20submitted%20on%2022nd%20October%202020.
as said a few times m8 this is all about a change in the region, not boil
sunrise stranded 20 years already waiting for a non existent onshore
pipeline and refieries/LNG and port on Timor Leste
If companies operating within the East Timor Maritime no longer stranded by a
backward government crying for revenues and taxes and at the same time not
allowing Operators to produce, as those facilities do not exist
then all become of great value to the industry , who in their right mind will take up the
11 new licenses, knowing the history and 20 years of delays, would you spend tens of
millions drilling , without some assurance you can go ahead with production if you
strike it lucky
that's the thing that has to change, if they want revenues and taxes beyond the depleted
3 fields all down as done by 2022, can't do it with no facilities on the island and likewise
can't do it if they insist all within their zone has to be processed on the island it the ultimate
chicken and egg, catch-22 that has had all frozen for 20 years
Presumably they will make their move very soon?
Great HFB...
All that is salivating... I guess the question is... what is the Operator/JV/Big Fish waiting for?
for the many copplers on this board just posted , some interesting dates
on our .gov companies house status page ;))
Yes, more likely that the sp will breach 0.50-1p + and hold, then continue to move up from that new base.
Breakout target for blue skies is 0.25p Market Cap high
old sp's on the same share and comparison with others pretty meaningless
Market Cap - Divided by Shares NOW in issue = SP
its a function of company valuation , not the other way around
Current Market Cap £9m v Valuation of Chuditch back in play + Peru + UKCS
Achievable MC - divided by current share base = SP
Could Chutich , mapped by shell who also operated sunrise ($64-$75 Billion) next door
as being also 5+ TCF gas plus condensate, take Boil valuation into the hundreds of
millions
1p = MC £104M
2p = MC £208M
5p = MC £520M
Sunrise $64,000M- $75,000M
Chuditch perhaps on development as big or event bigger according to Shells GIIP figures
as others have said many a wildcat have in recent times hit £400-600m, just on speculation
of finding something that will flow, most recently 88e who touched £569m
Peru, if the lower secondary basement target in place when drilled could give a hundreds
of million valuation and it is not on the same SCALE as Chuditch
Throw in the UKCS Moray with 2 known reservoirs identified and Baron have 3 assets that
could transform the company to much higher levels BUT Chuditch back in play, is a % or
outright sale to a bigger offshore operator, of a massive asset that Gas and Condensate
combined, be well over 1 BILLION boe
Win Win for Baron, a large cash wad to fund its PF and future AQ's for years to come or
a retained even 10% of a potential asset the scale of Sunrise next door , 10% of that
on a 10% npv in the ground valuation still $6.4-$7.5 Billion giving our 10% $640-$750m
That the scale and size reported back in the 90's and on the 1998 discovery CH-1 well
drilled by Shell the operator at the time of both Sunrise/Chuditch, so they should know
:))
Let’s hope so RZ... times ticking as we wait got BOIL to get the recognition and blow GLA
I agree was surprised how quickly kod shoot up, now falling again.
But boil should get there
kod
was below 0.10 ..just few weeks ago .last week went over 0.35p ...it will happen here too
let,s hope boil explode one day
I love Peru. Spent time there.Pleasant climate,friendly people,Great natural resources.
Peru has so much potential... imagine if we’re successful in both TL & Peru... wow! Stuff of dreams
Join the first post-COVID Oil, Gas and Energy Summit to re-open networking routes for the Peruvian and international industry. With over 1,000 international executives from 656 companies interested in Peru’s E&P, Midstream, Downstream and Energy opportunities, the Peru Summit will bring new business opportunities in the country.
https://www.in-vr.co/peru-summit