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Buyers are busy loading down here, 31m buy just in at 0.0687
Monies held as security for the bank guarantee in Timor-Leste, would have to check back but that is 1m for the original and if I recall another 1m was placed in security for the extension (so 1-2m back up in that)🤔
Still low volumes but as you say , now picking up a little , was creeping early doors.🙄
aimx 161m and aqse 8m
shares in issue 25510m, its a drop in the ocean but floods start with a few raindrops😉😂
As at 31 December 2023 the Company had an available cash position of approximately £3.65 million + £3m raised Feb 12th + £260k in retail wrap offer 16th Feb. So thats a total of £6.9m, take off 200k to £300k for broker fees thats circa £6.5m + $1m of back costs from Timor Gap paid within 30 days of that completing so your talking not less than £7m in cash. The Bank Guarantee for $1m is an extra i've not included. We are loaded with cash right now.
Timor Gap Farm up is worth $8.5m to us, subtract that of the $31m. We need $22.5m for remainiing fund drill, we have 60% of the asset to farm down 30% to 40% and have ourselves a free carry of 30%-20%
Marc Howson, Head of Asia at Welligence Energy Analytics "Chuditch could supply around 300 million cf per day of feed gas into a 2 million tonnes per year FLNG vessel"
"Welligence expects Asian LNG prices to exceed US$9/MMbtu, which, supported by Chuditch's location close to several LNG-importing markets, incentivises the development."
Annual revenue from feed gas would be approximately $985.5M/ year
BOIL working interest 60% = $591 .3M per annum in revenues from Chuditch-2
If we retain 30% = $295.65M per annum to BOIL
If we retain 20% = $197.1M per annum to BOIL
If we retain 10% = $98.55M per annum to BOIL
Still only seeing well heeled PI trades, Rob our long time resident IG Spread better , use to call his £40 to £60k trades out to the board, ahead of their arrival. Last major move , we had many £75k - 100k+ and a whopping high of £364k.
Guess when they finally figure out AB is going to make it happen, those BIG trades will return with perhaps even our first real ii TR1 (IG don't count not an II ) 🤔
Until AB says otherwise, revenues not a consideration, Boil is an investor in assets company , not an oil and gas company, the gone and absolutely forgotten BOD, had ZERO interest in going to production (Multiple presentations/podcasts)
AB , Colin and his Sundagas team ARE oil and gas people, our first big clue should come shortly with WHO is announced as the new additIon/s to the Boil BOD.
Their CV history , which always comes with new appointments, should give that subject a hint to this board. 🤔
AB, stated recently , we are now an Asia focused GAS company, oozes of name change and change to company profile.👍
VT they won't get any borrow on Spreadex its all been taken up. I expect new bod members to be financially astute and have tighter control of the purse strings.
Personally thing we should also go down to one broker Cavendish to save cash.
As in the recent RNA Message :-
However, no decisions on FUTURE CONCEPT SELECTION can be taken until the Chuditch-2 appraisal drilling results have been evaluated. With TL Parties.
We stay , we go , new senior partner/operator in play, we FPSO , FLNG or pipe, to Metinaro early doors, Beaco later FFD
Still lots of positive bump's in the road, before all revealed Q1 2025🤔
Most definitely Jarv, Yeo ho ho and co , needed two to keep shifting all the p&d confetti placings, if plan indeed to fund via non equity, do not need the second one for at least a year. Hopefully full stop.
Especially if as some of us suspect, the game has changed under AB and staying for revenues moving forward vice old Yeo ho ho's lack of vision, sell all pre drill or jv drill and sell the rest.
Stats strongly suggest, Chuditch CH1 area GIIP and the additional leads on the wider license, only going to keep growing 🤑🤑🤑
Our past TR1's were mostly from mass pi spreads on IG , like ROB, who was honest enough to call them
The revenues illustrate how big this asset is on just one satelite. Our share will likely get bought out way before FID, if we hit commercial flow rates in Q4 any major we partner with will want our free carry at any cost as we don't bring anything to them or a consortium of majors. We'll be talking several hundred million $'s to make way, serious boom time at this point.
Keep saying trade, took years for Shell and Conoco to leave , said leaving after 2008/9 FLNG plan was given the TL NO
Years later , their 56% was taken by a TL loan from the Sovereign petroleum wealth fund that pays 85-95% of the Island budget annually, for $650m, 2019 prices , pre gas boom. Making that deal 5tcf Sunrise a $1 Billion+ asset then.
Boil hold the other Shell departure , 60% of 3.5 tcf
I have posted that many times, its all true , you just have to google , look at TL Gov web etc, Timor Gap web and others its all out there, as is all the latest moves by China , Indonesia and others, resources one thing, a way to monetise has been the missing link for decades, that's all changing , those values will find their way to Boil and return to Woodside (Sunrise on its books 0.00c for its 34%) once hundreds of millions, marked down year on year , the last one being a few years ago from $178m to ZERO.
Chuditch is a huge license 3,571 sq km, which boil has only scratched the surface of, its only going to grow , in GIIP , Reserves , other leads Quokka eg, the ones Shell in the 90's thought either Oil or even more gas over large condensate fields .
Now TL and it's infrastructure issues back in play, so is all the stranded and left behind oil and gas ( mostly) , those sorts of values will be recognised , one day Rodney , next year etc etc.
It's a massive project , which will attract , big players and long term FFD developers (26-28 wells like shell plan for sun by FLNG) Talking $50-$100 Billion to the developers over 30 year life cycle.
It will come with that progress both on and off the fields 🤔👍
Hi HFB… Passiton… VT…
Losing track of how many hats you have
So if all this happening , how come its still not moving , keep also saying lots of other countries , want to throw endless cash to get it done but still , no movement , can't believe we will not rise from our own news alone ?
It will , just needs Mr Market to wake up and read all the news
https://as2.ftcdn.net/v2/jpg/01/34/58/07/1000_F_134580747_XsWPGfGYU4l1LYfnufVE94qGvoDwXEIu.jpg
Alright for you, you can sit on it , wait with your hundreds of millions of shares, not as cushy for some of us newbies looking for a winner to grow a retirement fund. Will give my punt only £1000, til finance or jv news and see what happens then.
VT/ifiknewidberich9 - Why are you talking to your self?
The problem with most of the newbies on this board is that they buy in followed by idiotic ramps and think the share price will automatically go up in a straight line for an instant profit. Unfortunately it doesn't work like that .
Trade back to your earlier post, that is the long hope , TL has had and said so many times, want the Major's back , those with deep pockets that can fast track FFD , said so in all the conferences , since they kicked off their own industry 2019
Even named us , advance and carnarthen (oz listed) , as not what they want more of, they want the big boys back.
So your earlier post , on the money, huge license, demands the big players Major/Tier1 for the long term FFD, for our Chuditch and the equally idle Kelp (also 1998 Mobil 10.5-14 tcf they gave it) reference material only quotes Mobil but presume that was Exxon Mobil, likewise a lot of the old stuff quotes Phillips Petroleum, which became Conoco Phillips
Area was littered with them, then it all ground to a halt, prior to that, in the TL area of the Timor Sea under the JPDA
Joint Petroleum Disputed Area, you had
Shell , Mobil , Phillips, BHP , Nexen , Woodside , Inpex , ENI ,Santos and a host of other less Major players.
Its opening up and they all know what is on offer 😲🤑🤑🤑🤑
IFIK- This is Baron Oil you need more patience[patients] than Barts
Trading Tuesday 1400m , Wednesday 400m
Thursday tailing off to old levels aimx 220m and aqse 8m
Friday FOMOF , or back to waiting for news snooze fest😲🙄
Think you set him straight before Meadow, think was the one looking for other links a week or two ago, as did not believe me about some and aqse stats, as posted from this site and its link BOIL.GB.PL , turned out someone else had to provide aqse web details , as mine out of date, been a complete aqse website change and my old front page easy entry no longer existed. Eye off the ball😂🤣😂
Tbh next news is the Rig Contract & JV now. Board appointment to but with the Technical Site Survey all done it is almost game time