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A lot of the small energy companies are slightly down today, so its not just Baron.
Nothing has changed here regarding fundamentals and potential to be very much more valuable.
GLA
and Gaming at the moment, I do not see any, rock bottom MC , asset on development
worth tens of Billions out of the ground, so a few billion once reserves logged in the
ground value on a regional risk/npv10 basis like other companies
All we really need is that OPERATOR to step in an take control of the license and the
NEW timetable of events
Agree PB need some news to allow this to continue.
Any time soon...
really need to read before sending should be Do not believe in the cause
We will all love a TR1, but judging by the churn and the size of buys , I don't think we will now see one unfortunately. people are still all to happy to make £2 profit and bale out because they does believe in the cause, which is not unsurprising as small oilers do not have the best of reputations on AIM. People are also naturally skittish when it comes to the money they invest, most of us don't have the balls to let I ride and will run for the hills as soon as they see a red number ( seeing to many of these lately).
Still waiting for a TR 1. Come in Boil don't lose momentum now. Those Wongas must have gone to a better home. Tell us where.
Hi HFB,
In your opinion what are the major risks involved with BOIL?
Always work on Market Cap , sp a meaningless short term traders guide
All now depends on the deal we get and the amount of the license we retain
but even 15% of such a large asset , its as big as sunrise and that is valued
at $64 Billion
In the ground value alone would be in the low Billions as reserves the 5TCF as
mboe is 850 x $4 would be 3.3 billion or $345m for a 15% retained holding
in the ground value reserves npv 10% regional risk, no idea what TL rating is
currently
USA Back in December was $7.5 a barrel when the price was $39 out of the ground
so based on that if recognised and moved to reserves say now $8 that would be
double above $690M
We are looking at some serious numbers even for a retained small percentage of
the project once in a position to be moved on by a NEW Majority Field Operator
Now look at current Market Cap even if diluted further to fund UKCS/Peru still
a massive amount of MC upside at 10 billion or 20 billion shares if not consolidated
10 Billion shares at 1p is £100m MC (Current share base = £104m)
20 Billion shares at 1p is £200m MC
many recent oil and gas minnows have hit MC of £450-£650m on a lot less , most recently
on another hope we find something and it flows , 88e spiked to £569m MC
my calc's always based on
Achievable MC - Divided by Share base = Achievable sp
We are right next to Sunrise its listed as same size 5 tcf same as shell mapped for chuditch
they have some condensate, shell also stated the South West side of the license also had
more leads, 2 of which they thought , either large Oil or Condensate reservoiurs
Sunrise recently at the Oil and Gas roadshow valued at $50 Billion in Gas + $14 Billion in
Condensate
Chuditch, Boil/SundaGas currently valued at S.F.A versus the potential of the asset no
matter how much we retain moving forwards
In a year time ***
Should of said
HFB - hello I’m interested what you envision for BOIL I see your a regular informer and a statistic poster.
From what I see on this forum it seems the is high regard for you so I would like to know a guesstimation as where price you think BOIL to be sat on in terms of SP
don’t worry I won’t shout at you in 12 months if you are 20% out haha
TIA
Cheers for the info HFB :)
posted a couple of things but nothing of immediate interest
Rbd have taken a larger stake in corallion the operator of our ukcs asset
so perhaps something might come our way from that funding but corallian
have many projects
Peru, presidential election early June and they have an Oil and Gas conference
being held in November I think it was, hundreds of companies already registered
so if we can get a successful drill in by then could attract someone to join us
as we are still 100% owners for Peru
Should have been around for the banks and the crisis
Lloyds had like 32 v 30 and a spread almost as wide as its current price
fell from grace at around £13.50p a share
The spread is like all else just a guide based on the highest Active MM ask
and the lowest Active MM bid
A poster on twitter must be a couple of years ago loaded a series of snap shots
the share displayed bid 8.5 the invisible line mid 9.5 and ask 10.5
the listed bids where from 7.5p all the way to 11p
the listed ask where from 8p to 16p
As he was using an upper platform he could match all trades to the vendor
and 80% of all trades for the day where GUESSED incorrectly by the Algo
They label nothing and never have, look on London , New York ANY and you
will find it lists ONLY
Date , Time, price , volume , £
And perhaps a couple of trade platform flags at the end , zero red/blue or buy/sell
the rest is on every trade, on every share, every day A BEST GUESS by those that do
The market floor can be blamed for many things but the LABELLING is not one of them
They do not label any trades on the market just list TRADES
ONLY 3RD party reporting clingons to the market make a best guess and
add artificially the labels are zero to do with the MM's
Not saying they do not known the algorithm is **** and play on it but they
label zero trades very day for 130 years
Afternoon All,
Just doing my daily check in. HFB really appreciate your posts and especially explaining the TR1's and your usual findings on oil & gas news in South Asia / Oz.
Did you manage to dig anymore info regarding Barons other projects in North Sea & Peru?
I'm all in now (unless another significant drop) - so its just a waiting game for the good news! :) Lets see what the next few months bring us. As I said yesterday, I am content that I can sit back now and watch this brew. I suggest a lot of you mid/long term guys do the same and stop staring at the daily rise and fall in SP :)
Time stamp 17:07 time completed trade not placed
not a lot of 0.0875 on the time trace for today, so leaning late placed and
completed after core hours (big boys have until 20:30 to complete)
always guesswork on completions outside of core hours, best guess placed
after 14:30 which would still indicate most likely a sell
The amount is a teaser, the last trade of the day ending in 700 which was always a
good one for holders when the real codes existed
700 = Move the price UP
Lets hope its an omen for the morning opening LOL
;))
I think we need a bit of patience.
Good things come to those who wait.
TBH I am a recent investor, and willing to wait a few months for this to get to fruition.
I think at the end of that wait, I will be rewarded...
GLA
So they are still playing with us. But see you point and happy to be wrong.
Frustrating looking at L2 data with seemingly meaningless changes in prices paid and volumes...
God, I have the patience of a saint. :p
Few more months won't hurt, I guess!
Friday tomorrow...
GLA. T
Don't think it's a sell.
MM put a wide spread for a reason.
Hid big buys as sells
... these post close trades are getting boring... when they're sells.