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Boom boom shake the room
Took a big chunk here... I like the look of my research.
Gla
Hfb,tiburn
Just to confirm
Appraisal well = how much there is
Exploration = if there is
www.investing.com is a good free option, this is a lot closer to the live share price than lse unless you are paying for level 2 access, and you can set portfolio tracking up as well, might be worth a look.
56K buy from one hour ago just reported.
1.3 billion now churned
Big money starting to arrive
Cturner99; many thanks for the link.
It’s massive news and undervalued massively
0.12 resistance broken.
Demand high for the stock, think this will be around 0.3-0.4 until next news . Much better than 88e and look at the rise that had
23-Apr-21 08:02:06 0.10 50,000,000 Buy* 0.09 0.10 50.00k
23-Apr-21 08:05:19 0.105 32,599,500 Buy* 0.09 0.10 34.23k
23-Apr-21 10:04:32 0.108 20,000,000 Buy* 0.10 0.11 21.60k
Plus lots and lots of 5million and 10million buys too :-)
Shell drilled the Chuditch-1 Discovery well in 1998 at a cost of $8 Million
in 26 days , so its a quickie
The agreement between Gov, local NOC and SundaGas called for an immediate upgrade
of the license to include a new drill asap if Chuditch seismic proves its still viable
Would imagine if a big player returns , especially if Shell now that things are moving again
in the area , come to claim their ball back ,we would get either a large wad of cash or a
free carry on at least the 1st well , with the known size and history of the license
Since things started to move this year so far, Santos and another name not coming at the mo
both Aussie as is Carnarthon? who have just cut a deal with London Advance ADV to drill and
develop licenses, ADV Buffalo is another (end of year drill) monster in the making having been
developed and abandoned due to the politics by no less than BHP and Nexen - Buffalo OIL
Are you suggesting 0.2 today?
Only just warming up attacking a £10m market capital
£104m MC = 1p
Not a lot for 63.7% of Boil/SG revised Chuditch/Greater Chud prelim 3.5 TCF
and complete nonsense for Shells original figures 5.73 TCF GIIP
with as much upside on the other side of the license
standard conversion is 1 TCF = 170mboe
Perspective copl in the ground npv 10% / regional risk USA $7.50 a barrel back in December
when the Oil price was $39 a barrel, now $65, so the NVP would have also risen
on USA rate copl 31m barrels of reserves valued at $232.5m / £167.5m
Now translate that to Chuditch potential use the conservative 3 TCF / 510mboe
Now fag packet calculate what Chuditch at minimum worth and try not to let
your head explode lol
:))
So should we expect next news imminently? obviously if a major wants our COS 100% 85% worth then they will have to pay effectively in the pennys for our shares? 5p at least presumably?
there goes jonesrichard, the human trumpet.
1st class ramping. can someone ban the tool
quite a tree shake, not having my shares at this price
Afternoon takes off in wrong direction
Nope, I've got my 5p first slice target here (hopefully this year if all goes as most seem to think it will!) and I'm sticking to it whatever games the MM's try and play!
Upon second admission the total voting rights will be 10,426,409,576. Using this figure as this website does the current market cap for BOIL is effectively £11.5M.
https://investegate.co.uk/baron-oil-plc--boil-/rns/proposed-fundraising-and-chuditch-psc-earn-in/202103240700162575T/
5p this year, would be £521M market cap. Even if drilling was scheduled, that would be beyond ridiculous. Filtered.
Savage pull back there! Profit takers and placing flippers!
Patience - Rome not built in a day
Back up again 8%