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Gusmao , years ago when also PM, having denied Shell/Conoco 2002 taking Sunrise to Darwin (mothballed 2004)
"its our oil and gas , it will all come to the Island , we do not need the help of the outside world" even made it a decree law
well , we all know how that's worked out, now Imminent China BRI Support , OZ/woodside etc, etc........
Not just our gas give zero value, (exxon) Mobil same year as Shell CH1 discovery drill , found Kelp in TL Waters , gave it a rating of 10-5 - 14 tcf 1,785 - 2380mboe, last read during the bid round, it still had neither a valid license or operator. Guess TL keeping that one on the back burner for themselves, once Sunrise HUB and Beaco up and running. 🤔
9th September 2021 , TL announced new studies of their own, in place of the old very poor sketchy plan, the plan was for co-ordinated development of CHUDITCH , Sunrise and Kelp, with all to feed Beaco from the get go.
Meanwhile Yeo ho ho and co , announced after exhaustive studies of multiple options, had chosen FPSO for Chuditch.
One of many , statements the TL side have made , that in particular the Sunrise JV and OZ Gov meetings side have, said otherwise to their statements.
Hence the long term mistrust remains, until they come out and do what they have said many times, in local press to their people , like Sunrise and Beaco imminent , very soon etc, for 22 years, even a lot of our flyby night aim ceo's dick and harry definitions of soon and imminent are a lot less than that........ 😂🤣😂
That stance has got them nowhere, now facing a fiscal cliff and bankruptcy , TL have to work with, not against foreign investors and the sector experts. 👍
If you're that certain why don't you just go the bank and get a loan for as much as you can and stick it in here?
Either way you either win big and it pays off or worst case scenario you use your inheritance to pay it off if you don't?
If you're that certain you wouldn't be waiting or worrying about not having the money now. You'd be doing something about it.....
Never been given any real value for Chudtich from day 1 , when took 33% of Sundagas / 25% Chuditch and indicated the old Shell figures and mapping over 5tcf with lots of upside across a massive license 3,571 sq km , Boil/SG have only played with 800 sq km, not even 25% of the license.
JPDA Joint Petroleum Disputed Area , force majure etc ended in 2018/19 with the ratification of international arbitration and settlement of the TL Timor Sea boundary area. Industry/potential investors only now waking back up.
First big boost to us could come from the imminently expected Sunrise agreement, its still carried on Woodside books at $0.00c for its 34% of 5tcf plus 240mb Condensate. AKA 1,090 million boe.
That use to be on their books for hundreds of millions, marked down year on year, due to the politics and impasse, until ZEROED a few years ago. It gets settled and that value returns , have to expect our 60% of Boils limited area 3.5 tcf (510mboe) to do the same
Filthy-We have one returning and a new poster,look at B-seekers posts over the last 3 months laughable , Shalamer's not knowing the placing price but is going to put most of an
an inheritance worth 165k into Baron Oil-laughable! wonder if he is related to FiveCandles?
“ relative valuations” Is that a joke about your uncle? Tut tut.
Bargain_seeker, That says it all about relative valuations and the big dis-connect that needs to change and will !
UPL - Upland Resources market cap now £50mil.
BOIL £15mil with about half of that as cash.
I see a great opportunity here.
Shalamar-What one of Baron Oils placings are you looking at? the last one was 0.05
Bargain_seeker
There is so much nearterm news coming here and is incredible we can buy well under the placing price,i am just peed off that i have 150k coming to me in around 6 weeks time from a deceased uncle that i cannot use now :-( or i would put most of it in here at these lows. Life can be a beetch sometimes aye !
Morning all, great to add some more BOIL at these lows during what will be a huge year.
🔹️Technical Site Survey due this month
🔹️Rig Contract due any time now
🔹️Conclusion to Farm-Out negotiations any time now
🔹️Further Board appointments any time now
🔹️Environmental and drilling approvals
🔹️Well mobilisation
🔹️Well spud
🔹️Drilling results
+11x to a fair value going by the broker note
+over half cash to mcap
HAPPY DAYS
TradeDisc, its ok i will not be posting here anymore it is like watching paint dry through binoculars lol , even though we are about to get a huge re-rate i will be elsewhere speaking to decent human beings...not electro bots with attidude ha ha
Good bYEEEE
Tradedesk-I'm always happy just don't like some of the crap that some rampers on here keep posting.I always think if you have nothing to say don't say anything,but everyone is entitled to an opinion but posting it every 10minutes day after day and not based on any new research with daft predictions for the sp on a daily basis
Fivecandles - a bit of feedback, stop with the nonsensical hyperbole posts please. Ask questions, share research but don't post for the sake of posting.
I don't like derampers and nonsensical ramping. There are some well researched folk on this bulletin board, respect it and you'll be respected back.
Meadow - cheer up
Fivecandles / Meadow - please just filter each other and give it a rest.
you are the real bots here
bloody orating total ****
boring omissions terrible spelling
bots most of all , never put anything of substance in a post, nothing but pulled out of their ****s predictions, with zero facts or links to back them up day after day , sound familiar mr botty..............
With all your 30 years experience in what I don't know was lying and desperate ramping
part of your job? One of your problems are when challenge you cannot reply to any question.
Have no more to say to a bunch of digital pre-programmed text bots, so good byeee and enjoy your munch lol lol
Rob made so much here , he gave up the day job to become a full time trader, sadly he got stung on another that folded.
He would call his trades during the day , which published on the exchange flagged echo xoff in the spreads slot 1700-1800
often his additions £40 - £60k trades.
Like i said anyone who has anything even merely positive to say on here is shouted down and abused by the same bots - we can see you all in plain sight. Admin should remove you IMO
Shorts are also published and have rules , like minimum Market Cap's, most of the spread betting not shorts are on mass pi sites like IG and Spreadbet, we had one here also Rob , worked on the rigs , did rather well, his was IG , had more shares than anyone else (admitted) his holding 200 - 450m shares , the bulk of the TR1 IG reporting in the past.
The bots are usually NON informative pumping carp and more specifically , bad phrasing and utter carp spelling etc, had one on here before , gave him grief and his boss turned up, overnight transformation to a well spoken and versed , Oxford Dictionary........
He tried to fight back and failed , back to the other carp the next day.............can spot ffs - clueless.
You need help-Why would anybody go short of a share standing at this price unless somebody knew they were going bust? Can you explain because your thinking doesn't make sense? where is the upside in selling short?
not a clue pal , most antics reported are total *******s fed and promoted by clowns and traders , skimmers scalpers , bots my hairy fn ****, check yourself into rampton hospital m8, you need professional help........