The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Means we should hear news very soon then!
https://www.proactiveinvestors.co.uk/companies/news/1047181/baron-oil-gathering-momentum-as-its-counting-down-to-exciting-appraisal-campaign-in-timor-leste-1047181.html
Chuditch, first found in 1998 by Shell, has the potential to be a significant and valuable project, not least for the state of Timor Leste as the project promises to be a new and important input for its economy.
"We have something that we originally thought was about 700 billion cubic feet of gas."
"The work that we've done has demonstrated that in our mid-case, the resource for the discovery is about 1.2 trillion cubic feet of gas. So that's more than a 50% increase in the resources that we thought were present."
Importantly, it is not just the project that’s moved on since Shell drilled in 1998.
The Asian gas market has developed significantly since then.
It is now a very robust market regionally, and, locally, Chuditch is in the vicinity of infrastructure which means the project can potentially delivered commercially without huge capital costs.
Jarv-Good find.good post as usual thanks
The next material item on Baron’s to-do list will be the signing of a rig contract, to secure the timeline to drilling – all the usual planning and permitting items will also need to be checked off too.
"We're also very much looking ahead to what happens after well, and how quickly can we move forward with future activities,” Butler added.
"We're moving forward with fast-track development type of thinking."
@ifiknew
Iv done my graft last weekend bud
Contemplating bbq this weekend good luck
I just want this JV news asap and rig contract I think this will be a mega catalyst I genuinely believe we will fly past .1s i expect and hope min .2s
Whatever the case it’s gonna be a big rerate just wish had some dry powder to add more down here
Gla
"Evidently, 2024 and early 2025 promises to be an exciting time for Baron and its shareholders.
Investors will understandably be watching the closely as the project advances."
PD they have to update by the 19th June
Fun over, her indoors wants a family BBQ this weekend, forecast 22-23 degrees, my BBQ patio area and garden look more like the day of the triffords? at the mo, bang goes the rest of today and tomorrow.
Dr Andy Butler, Chief Executive Officer, commented:
"The successful completion of the Site Survey, leading to the selection of an improved drilling target location with optimal seabed conditions, is another key milestone towards drilling the Chuditch-2 appraisal well. We look forward to providing further announcements on the Chuditch project, including with respect to well planning, execution and drill funding, at the appropriate times."
ceo seems to say , it will come when it comes, from the last Chuditch update rns.
What do you all think, update coming to the market?
The other link I posted earlier for the Timor oil and gas event TBA November 2024, he's on the front page ,under Sundagas the region know Sundagas and Andy, makes sense to keep that valuable regional link in play. The region probably on the other hand, little to no idea who boil is.
Rebranding as Sundagas makes sense, in that they have always held the Chuditch license and Boil no longer have any other assets, agree Sundaboil or boilagas not in the name frame.
Would prefer not to have Boil at all we are not going after Oil just focusing on Gas.
Sundaboil does not have the same ring to it, although does sound like something big about to pop
Would be awesome
Could be right Jarv55, from that earlier link when he formed Sundagas
The name Sunda implies an Indonesian focus, and while this will be the case initially, Butler, who looked at the Stag asset before Mitra's management confirmed it would acquire it, has grand plans for the region.
I think he should re-name us to Sundagas or something new to signal a fresh start, we are about to enter a very exciting phase for Boil.
They also didn't care because they were looking for Oil not Gas which wasn't a thing then. 😉
Read lots of back stuff on Chuditch and it also implies Shell thought it was a lot bigger but could not prove it at the time, due to poor seismic quality.
What is also interesting is the field could be bigger than they first thought.
Miker think you are right Barons expertise could be very useful to Eni.
Jarv55 did you see my earlier link on our ceo , how he formed Sundagas and his plans, thinking this might be also his plan for Boil, it reads early revenues and then more assets and exploration in Asia ?
Same as what Jarv55 just posted all the text on via another link.
Reads like, fully expecting a huge gas volumes increase and already planning what to do with it ?