The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Looking strong
Now well funded with a pipeline of the type that can see this multi-bag like many times before
That's where this belongs
Joined the party for the offtake announcement and who knows what other surprises are in store :)
The BaronOilplc board anticipates the completion of drill funding and securing a rig slot in the second quarter of 2024 #BOIL Based on 3D seismic mapping and the results of Chuditch-1, the planned vertical appraisal well drilled at this new location is expected to encounter gas-charged reservoirs 16m shallower than at the initial location and, as a result, SundaGas now predicts a taller 149m gas column in the reservoir target versus 133m predicted at the initial location."
Proven reserves estimated at 1.2 trillion cubic feet of gas, a significant increase from the initial 700 billion, low-risk drilling trajectory, Increased gas column predicted.
This collaboration aims to tap into an estimated 1.2 trillion cubic feet of natural gas, potentially reshaping the energy landscape of Southeast Asia.
The project not only aims to fulfill local energy needs but also positions the country as a key player in the Asian gas market, which has seen robust growth over recent years.
The economic implications of developing the Chuditch gas field are substantial. With proven reserves now estimated at about 1.2 trillion cubic feet of gas, significantly up from the initial 700 billion, the field’s capacity to attract global investment has markedly increased.
This reassessment of the gas resources not only positions the project as a cornerstone for Timor-Leste's economic growth but also reduces dependency on energy imports. The collaboration between Baron Oil and Timor Gap EP, coupled with advanced seismic technologies, has mitigated the risks traditionally associated with gas extraction, enhancing the appeal of Chuditch as a lucrative venture for international energy stakeholders.
https://www.energycircle.org/news/timor-leste-timor-gap-s-energy-venture-baron-oils-key-role-in-regional-energy-growth
Discussions with a number of potential funding partners are ongoing and further announcements will be made at the appropriate time.
Folks there's big company making catalysts in the works which we all know to be the case.
Might as well get the sub 0.1p prices out the way as I believe they'll be an after thought in the near future.
I know which way this is going and it appears others have finally clocked on too.
Share price almost back to the 200 day moving average, once it gets there (I think this week) and gets above it things will get very interesting. That's the technical view. But then you also having the fundamental view which is more exciting.
https://www.offshore-mag.com/drilling-completion/article/14305027/baron-oil-provides-update-on-chuditch-psc-drilling-site-survey
@BaronOilplc
Board anticipates...the completion of drill funding and securing a rig slot in the second quarter of 2024 #BOIL Based on 3D seismic mapping and the results of Chuditch-1, the planned vertical appraisal well drilled at this new location is expected to encounter gas-charged reservoirs 16m shallower than at the initial location and, as a result, SundaGas now predicts a taller 149m gas column in the reservoir target versus 133m predicted at the initial location."
I'm very excited. The amount of available stock is a lot less now on the books than a month or two ago. Bodes well for a big move north given BOIL fomo is a real thing.
Also check out this: https://x.com/Share_Talk/status/1790302312776253936
Have a feeling this goes ballistic soon
I think this can get there
Forgot about the HMRC money thats due very soon. That will send this up much higher
25mil buy just dropped. I personally think this will soar tomorrow. It's breakout time.
Hi chaps, FOMO funky Friday tomorrow, let's see this go to a cool 0.1 by the end of the market closure tomorrow in prep for next week.
A few bob in Maru and a few bob in Neo. Neo for an explosive move this month, Maru for a hold this year.
0.8-0.9 finish today I think. MMs have little available stock. 1p+ once the news is in.
Good set of near and medium term news flow.
Uranium price is soaring after the US Russia import ban.
I think will kick on from here. DYOR.
After listening to the recent calls it appears we can anticipate a strong set of news hear all whilst the uranium price is on a tear again. Therefore 1p+ will return as I see it and then it will hold above.
Anglo American spent $30million already.
Should exceed 8p easily. Massive disproportion between where the company is and the market value.