Member Info for Alvernikov

You'd invest in BOIL for the Dunrobin prospect for the same reason that you'd invest in BOIL for Chuditch - fields currently valued at $0 but worth $billions with just a nod in the right direction. The value is there, undisputedly - you just have to decide on whether there's a realistic chance of the assets being monetised. For the North Sea and the Timor Sea, everything has recently escalated to the point of monetisation becoming a reality...and soon!
All investments carry risk. Invest what you can afford to lose. Give yourself the chance of being rewarded for taking the risk.
DYOR

It's just a matter of time for Dunrobin

In the last 2 hours
Green light for North Sea project with first oil this year Offshore Energy10:08

In the last 4 hours
Oil Plus wins maintenance contract with North Sea operator Oilfield Technology10:00
Shearwater awarded large North Sea OBN project by Equinor Splash 24/708:39
Equinor hires Shearwater for ‘large’ OBN survey at North Sea project Offshore Energy08:37

In the last 6 hours
Israeli-owned North Sea firm posts $1bn profit after surge in oil and gas prices The Scottish Herald06:06

Yesterday
UK Regulator Extends License for North Sea Cambo Oil Prospect Hart Energy19:20 Wed, 30 Mar
Cambo licence extended for two more years amid push for North Sea exploration City AM18:04 Wed, 30 Mar

Tuesday
IOG North Sea field on track for 2022 first gas, after spate of delays Offshore Technology11:28 Tue, 29 Mar

https://www.newsnow.co.uk/h/Industry+Sectors/Energy+&+Utilities/Oil+&+Gas?search=North+Sea&msclkid=8b75b8f7b0e111ec8ecc8636a3c38bcf

Someone is knocking on our door...I can hear it in my Shell like ;)

Come on, Shell - just come on a little day trip from Cambo and knock on our door. And when you're Dun Robin' the Shetlands, I hear it's very nice in the Timor Sea at this time of year ;)

Something is brewing...I can see it in my Earl Grey tea leaves.

Talking of Earl Grey, I think I'll buy Howick Hall, the seat of the Earls Grey since 1319, when BOIL becomes a 200 bagger. I've always wanted a little weekend cottage https://www.flickr.com/photos/mikey471/6214910472/

"This time next year, we'll be billionaires!" said Del, as they walked off into the greater sunrise... ;):)

Slipped down to 8th...closely followed by EOG and UOG

I had 3 of my investments in the top 10 for a moment...must be a good sign ;)

https://www.telegraph.co.uk/business/2022/03/27/unshackle-drillers-let-north-sea-oil-gas-flow-ministers-told/?msclkid=e6b1dd53adc311ec907c4756202c6f2f

https://www.ft.com/content/3c958f6b-2f71-4a86-97eb-97c71434df1d?msclkid=3d8ec6d1ac4f11ecae9163df68d73ae3

https://www.msn.com/en-gb/news/world/government-to-ramp-up-north-sea-oil-and-gas-production-e2-80-98to-maximum-extent-e2-80-99-says-treasury-secretary/ar-AAVrY2u?ocid=uxbndlbing

Yes, and further exploratory drilling approved by West Newton councillors - a change in direction that we can expect to see repeated regarding North Sea prospects as the UK looks to be more energy self-sufficient.

I'm listening intently for knocks on the door in the Timor Sea and the North Sea. A couple of big knockers will do me just fine ;)

The key to all of this is that the Bayu-Undan field is on its last legs. Much though the Timorese have talked about the need for diversification, the fact remains that the island is still totally dependent on its gas and condensate revenues.

Everything that has happened in the last few months points towards the Timor-Leste government finally saying 'yes' to the commercial development of Greater Sunrise and Chuditch. Their economy now depends on it.

Time waits for no man...except the man with a large LNG drill bit in his toolbox... ;)

Just a reminder of where we sit with this one: 32% interest, seismic reprocessing report due early 2022, drill and drop decision by July 2023 - so, still some way off unless something changes.

https://www.energy-pedia.com/news/united-kingdom/baron-oil-increases-interest-in-licence-p2478-offshore-uk-183907?msclkid=94a6c197aa8711ec9402d72d8732a54f

Looking at other Corallian interests, Reabold Resources might be worth a punt (I've bought in already): Reabold has a 49.99% interest in Corallian Energy, which has a 100% interest in the Victory Gas discovery in the West of Shetland.

Missed this one. More infrastructure, jobs, and revenue for Timor Leste - and a CCS facility for gas production going forward. More and more pieces coming together.

https://uk.finance.yahoo.com/news/santos-begins-engineering-phase-bayu-162240866.html?msclkid=01f956aaaa8311ecadbc3daf6f0f28d3

https://www.afr.com/world/asia/ramos-horta-victory-has-implications-for-greater-sunrise-20220321-p5a6l3?msclkid=f3738bdeaa2511ec98bf1b3b368c5231

Yes, goes to a second round if less than 51% and then the results are published on 2 May

Not yet awhile - just stoking the boiler in the siding and waiting for the signal to change...then it will be full steam ahead :)

https://www.cityam.com/prime-minister-boris-johnson-confirms-support-for-north-sea-oil-and-gas-industry/

https://www.cityam.com/prime-minister-boris-johnson-confirms-support-for-north-sea-oil-and-gas-industry/

https://www.dailyrecord.co.uk/news/politics/boris-johnson-meets-energy-giants-26464341

Agreed, but many things have changed since then.
Many recent events and published statements have indicated that it's a different ball game now.
Time will tell :)