The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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Have a listen from 4.44 mins https://youtu.be/Q7ht8YhV7vs
Morning , Jarv , Meadow ,Filthy, Eddie , JC, Penny, Kylie et all here for years, late on parade (late night / no drink involved) see we are more infested than yesterday with new MOAMM's and clueless π€‘π€‘π€‘π€‘
They probably no idea that our fate still hinges on the locals, drilling is great but without the acceptable facilities and route to monetise, denied the super major/majors and tier1's who left these huge assets, so we are now in a position to
have our minnow holding (a much bigger than boil have mapped) an asset originally mapped and seismic 3,571sq km FULL License, Boil only played with 1/3 of it.
As said for 4 years when it was brought to the market on Shells figures of over 5 tcf plus many additional leads they thought oil or more gas over LARGE condensate fields, one of those caught on the limited boil seismic 2013 kyranis re run now called Quokka..........its only going to get BIGGER.
Tiny market minnow holding a Super Major Shell's developed asset with discovery ch1 well 25m gas column, CH2 is determined 149m , 6 times the thickness , ch1 on the edge of the field, ch2 a sweet spot, GIIP and reserves will increase after the drill.
Shell words not mine, all follow up wells to ch1 , given a COS of 100%, call me old fashioned but , one tends to believe a Super Major's words, over the clueless guesswork thrown around on most boards.
Ducks line up and it's a Mega Multi bag scenario, next door Sunrise at 2021 o and g conference valued at $60+ billion, those pre gas boom prices. Making Boil's snail paced limited area catch up worth around $40 billion according to the London TL Ambassador in his statement after Andy visited recently, or on old Shell data MORE than Sunrise. π€π€π€
VT
could there be a possibility that we will now carry on and possibly push through with partner to become producer ?
And I believe maybe AB sees more potential in our for more gas and possibly oil ?
Maybe a longer hold etc but may bear much much sweeter fruit
GLA
That background scenario is now melting away, so it is going to happen, China BRI moving in to build the infrastructure, others who never left, Inpex, ENI , Santos now planning new seismic and exploration, having sat idle on other fields.
The only big reveal that remains, is will TL let us go ahead with FPSO ,or make us wait for , as it's been put to all for two decades , NO you can wait for Beaco onshore (never a brick laid or spade in the ground) Chinese money coming, so it and the other project Metinaro Gas/lng for Domestic 3 power stations and 90-120 day back up tank farm (due to covid and tropical storms previous disruptions) our time line for Chuditch is a perfect fit for that plan , PM Rauk initiated that plan with a target of all converted by 2025/26 - Chuditch drilling December this year.
The doubt being, when we said after looking at multiple options, have decided on FPSO, the TL Gov initiated new studies for beaco and quote, based on the coordinated development of Chuditch , Kelp 10-14 tcf , Greater Sunrise to feed Beaco and the Sunrise Pipeline HUB all together from Beaco day one commissioning. (not the only contradiction they have made)
Very reassuring to hear that from Andy Butler.
Boil definitely has a top class competent ceo now in charge
Https://twitter.com/AiMTrades1/status/1780357573201277174?t=oubZX7ex7-PhahthoiLzVQ&s=19
Furion
Only AB can answer that question, my gut say's possibly, Yeo ho ho and co, boil was an investor in assets and had ZERO interest in that route, plan was Sell at as he put it in presentation ""at the right price" pre drill , or after the successful CH2 (Shell cos 100%)
AB and his Sundagas team are oil men and heavily involved and rub shoulders with the elite, through Seapex in which AB is a vice president and Colin Murray also involved and head of another conferences and presentations group, that recently held an event in London, they have incredible range of contacts, so would not rule out AB transitioning Boil from an investment company to a multi faceted sector company.
He did say recently , our focus now is on being an ASIA focused Gas company......... π€
Imo we are on the way to 0.13p in the short term.
Market cap iat GBP 18million is low for the asset especially compared with peers. Also has GBP 7 million of cash.
Hopefully will surge 20m cap today
Chuditch FPSO imo , should now suit them for their Northern Project Metinaro and Domestic Gas/LNG security plan (sdp 2011-2030) , as it does not require a step back from the fixed stance of Gusmao/Horta for two decades, Gusmao when first independence PM , its all ours , it will all come to the Island , we do not need the foreigners, we can do it ourselves, he was talking not just Sunrise , he spoke of all TL water abundant oil and gas, he then implemented the original project Tasi Mane.
All can see how that worked out , he and Mr Speech and world leading air miles collector Horta, now appear to have hit paydirt with Woodside/OZ doing a massive U ee on Beaco and China upgrading TL to level 2 and committing to become involved in TL INFRASTUCTURE construction.
MOU with the TL Ministry of strategic Planning and Infrastructure and the head of China Gas made a visit to TL, only 3 major projects left on the P&I books, Beaco (alt Natarbora) , Metinaro and the Betano oil refinery refurb and expansion
All good for us, Shell mapping also Oil or large condensate fields on the Chuditch license (Betano) the other their long planned Gas/LNG Import (Met) and Export complexes (Bea/Nat)
So we will drill , we will flow, all that remains is WHO we do it with and where does it go and as Furion posted , will AB now sack off the old Yeo ho ho and co , company profile and also step that up a gear, looking at revenues ....... π€
First target is to break the high , which is MC never sp, that is Β£49.85m or a tad short of 0.20p, as I said last time and that was only on news of something might happen, JV/Finance will mean it IS HAPPENING, so should garner a much better response and re rate vice our gazillionth spike.
The last major break having sat rangebound 0.05-0.08 forever with the odd spike to 0.12, as I said at the time , was not the people crying use to be 2p , 0.6p etc etc, it was an MC high with dilution of 0.17p and once that nugget cracked, it was all BLUE SKY rise, it cracked and did another 100% on top.
This time, that news lands , the same level of response, crack 0.2p and 0.4-0-5p has to be the target if not beyond as news will be , IS over might be happening soon. π€
VT its been a long journey for us all who have been here for many years, Baron has always been known as a pump and dump stock thanks to the previous bod and their low ball placings. For the first time in a long time I feel optomistic that we are in the final lap in Boil terms time line. When you think we could be actually drilling in 8 months its not long at all. Of course the longs know we have a few hurdles to get through and there are risks, but we aren't here for a quick 10% we want the bags that will come leading into the drill. Next news should hopefully be new bod members coming in, the new Broom Andy Butler sweeping the whole bod clean and bringing some integrity along with him. No more dilution at equity level, funding to be done at project level. Lots to look forward to now and it will be interesting to find out if it is indeed Eni and Inpex that we have been collaborating with for the drill slot.
You really are a spanner Santiago. Iβve never seen anyone whose ramping/deramping can spin on a sixpence overnight. Congrats for buying back in and closing your shorts, but for the sake of this board, please keep your thoughts to yourself and stop posting. All you do is put people off. If you want this share to do well, stop posting.
Said for a long time , AB and Colin Sundagas team were our ace in the hole and should be in charge, wish granted, if AB can not get that first ever yes , to other than wait for Beaco , its him, on TL since 2016 and his team built Timor/Gap ANPM and the local workforce (still provide training to this day) Rewarded with the NON TENDER award of Chuditch as the showcase for the bid round launch (not G.S.)π
Long before Boil entered into the ring Jan 2020
Had another scooch around , did not find any others to add to the list yesterday , Tg and another TL co, INPEX , Woodside, Santos , ENI and the new mid east crew, so when he talks of SHARING recently with others locally , has to be one of them he is talking about, as you say our provisional slot is between ENI and INPEX.
So now look forward to AB announcing forget the finance , new JV partner/s ENI/INPEX are paying the bills for x %
If only Carlsberg did AB jv's
π€ππ€©π€π€π€
Imo we are on the way to 0.13p in the short term.
Market cap iat GBP 18million is low for the asset especially compared with peers. Also has GBP 7 million of cash.
Agree with you on this one we could test very soon 0.12..+
Would ideally like to see a name change for Boil to Sundagas or something different to signify a new start.
@vt yes totally agree just AB background and contacts makes me feel he sees a bigger picture and future and I for one would like to be on that ship also the extra data may just have shown bigger juicer potential as you have mentioned and he and team recognise lifetime opportunity. Heβs tight with the government officials partners everything seems a match made enough not to jinx it just sit tight and enjoy the ride imo
@jarv
Totally agree feel super confident and comfortable now see ca clear laser focused schedule and the doc with surgical precision will get the job done
GLA
I will second that Jarv. A new beginning since Butler was appointed as CEO. He is the key reason I bought more here recently as I have full confidence in him.
Top class ceo whose track record speaks for itself.
On any of the internal (company) or external (tl news china etc) catalysts we now await, you traders in for an ickle teeny tiny rise are welcome to leave, those non moamm , traders , skimmers and scalpers will not miss you, please let the door hit you at the exit. ππ
Boil Goo as was for 15 years has only boomed on newsflow and p&d forward selling down placings. Chill, relax, this is going to happen, just needs the positive news flow, especially Island related and its KABOOOOOOOOOOOOOOOOOM
Sell rated the Chuditch full license as bigger than Sunrise , it started off as Shell , Conoco Phillips and Woodside, that is the scale of Chuditch long term, do not rule out , that level of JV returning , now the area is back in play, huge licenses , very little exploration but still waiting on the sidelines
1998 Chuditch (shell over 5tcf with upside)
1998 Kelp (mobil 10.5-14 tcf )
1974 Sunrise (5 tcf + 220mb condensate)
Much, much more expected to be found in the unexplored TL Timor Sea waters, the Indonesian and Australian Timor Sea waters have been PROLIFIC since the 1970's
Area opening back up , the 3 above alone could be 30 tcf as a starter, around 200-225 billion, make no mistake, if those long awaited routes to market ACCEPTABLE to TL are now in play/to be built, it will be like the Yukon Gold rush, as the big boys will want some of that HUMONGOUS pie........including our leading the charge CHUDITCH. π€
Said that before myself Jarv and imo , its coming, AB and team brought Sundagas to the Singapore market then offered to Boil (related Dr Butlers on the two BOD) now Dunrobin exited, only HIS company remains.
Sundagas or other ?
He said recently , we are now focused on being an ASIA focused GAS company.π€
Asia gas taken ππ
How about Marsupial Gas, the original Australian license, the 3 now all labelled Chuditch and what is now Quokka plus other leads all Australian critters
Chuditch , Bilby , Wombat and Bandicoot
Furry Gas, Animal Gas, we should have a sweepstake and offer the boards top 3 to AB π
roll up , roll up, any suggestions, for me, as its always been about them and AB , it has to be SUNDAGAS.π
Furion π
Murry is good at presenting along with himself and Butler I am sure they will get this over the line.
https://wp-baronoilplc-2020.s3.eu-west-2.amazonaws.com/media/2024/03/BEOS-27-3-24.pdf
If you think about the amount of knowledge and expertise Sundagas now have of the area, especially the other prospects within our block and their potential upside, I bet AB is seriously considering sticking around for the ride. Even if we retain 10% of the PSC, with the rest being taken by Eni and Inpex for example, it would provide very solid foundations to expand and develop new areasβ¦
Yes have seen quite a few of Colin's , the first two Oil and Gas conferences , co hosted by Sundagas , he did multiple slots on Chuditch and the Timor Sea wider area, seismic etc, they were very , very good. Forget his name one of the original 3 S/G directors, retired a couple or three years ago, he was also top notch.
Right people , right place for the future , sadly got stuck with Boil and Yeo ho ho, who snail paced all and he and his cfo should be castrated , for incredibly poor , bucket shop on speed dial finance over the years.
AB's got his baby back, now we will see ALL the action unfold and quickly. π
Posted the diff in , quality and mind set before , clueless confetti merchants and then there is AB, when bought sundagas to Singapore market had with it a $22m singapore bank loan, part of the bid round requirements, laid out in the showcase of NON TENDER Chuditch award to launch the round.
Bet he wishes , he had not invited his relative in and used that Bank loan to develop things himself, as said he has his baby back , now is his time to shine and show that viva la diff. π€π
But then , we would have missed out on, what is now about to play outπ
Would like the name to reflect we are open to business in Asia we don't know what Butlers plans are he might just want to monetise Chuditch and move on or he could use the cash to buy other assets in Aisa .