Member Info for Bladey

Lol... they're not speeding tickets, they're Price Monitoring Extensions

There'll be a flurry to get in incase we have a morning RNS on further orders and Emergency FDA ruling

BBC Headline News: "Government Declares Coronovirus a imminent threat in the U.K"

No Ramp ...i literally ain't going out.. screw that

...FACT.. it was 4 yesterday...today its 8 people...tomorrow????

****e....i'm staying indoors!!!

This stock will go crazy, 4 yesterday...8 today...16 tomorrow.. currently doubling everyday!

...World situation, Coronovirus has hit the U.K and company has issued demand for it's test kit globally and nationally, DYOR

This will be £1 per share in no time

Ok, seems a lot of people have missed the point here...FORGET current sp, it's a rearview mirror jobbie and will be until BOIL is into >1p!

Simply because the Timor Leste asset isn't just about oil/gas it's about the value of the asset and to which country.. Most have overlooked the obvious, (unless already stated.. Can't be arsed to look through all the posts...BUT if someone's already posted it... due diligence to them).. Australia also wants the asset and it's what Timor Leste Govt. doesn't want!! I believe the BOIL BoD are aware of this and there maybe even a bidding war afoot behind the scenes. Australia lost out to the Greater Sunrise plot, BUT will it learn from it's mistakes and take up ours, (plus Sundagas's asset)! Very very possibly in my opinion.. the Ozzies cannot afford to miss-out again, It's an important natural resources addition to their growing North Western territories.

Think the BoD either wants to do a deal on their own for their percentage of the asset OR negotiating with Sundagas to sell as a package, and imo this deal will be agreed to before monies due to Sundagas!..So April!

So it's one of the following:
(A) Sundagas wants the asset & was hoping for the BOIL RTO, BOIL BoD wised up & pulled out!
(B) Timor Leste Govt is made/making an offer for the collective asset 100%
(C) T L Govt. has made an offer to BOIL for their percentage & a separate offer to Sundagas
(D) As (B) or (C), but instead of Timor Leste Govt. It's Australian asset who's made an offer

Either way, BOIL is in-line for a big payout, and they will not only be financially secure, (So no need for a placing), but will ample funds to forward other projects which are on the edge of fruition namely Peru, (most likely to be first & very soon IMO), Colter and so on..

Remember we are an exploration company, and we would rather explore, evaluate asset value and sell on for a greater price... it is the only thing that makes sense. Especially they're pulling from an RTO that would have benefited them! IMO they've been approached before they've committed to the RTO. DYOR!!! (<---Important, very)

Very Cliveas, seems most haven't caught on yet!

People asleep here lol, it's worth more than a 3rd of their current MCap!

GS, i'll try and go through this tomorrow if I get the chance...knackered now, but there's more to this than meets the eye..

Bought some, today.. Had my eye on NFX for a while.. Shame i missed the dip this morning but this is still way undervalued.

Holding onto these. .. it's better to wait and let this one 10 bag. Do research people...

That was for Shells share of 5.1TCF of Gas which is approx 1.3TCF, which funnily enough is what we have in our share..approx 1.3tcf. According to articles from Sept 2019 Timor Leste want these assets or a portion of these to feed their new processing plant!

From article:
"It wants the gas to flow into a new multi-billion-dollar LNG plant and petrochemicals complex called Tasi Mane to be built on the Timorese southern coast, rather than be processed in Darwin as envisioned by a consortium led by Australia’s Woodside."

Could they have approached BOIL?... before they signed to the RTO? The fact that they've formerly RNS'd removal from the RTO, sounds pretty final to me... Maybe the deal is just being finalised with Temor Leste Govt. or who-ever they've made a deal with.. Maybe Shell want back in the scene..

Lol... first line should read:

"aside from the fact theirs NO friends and family in business"

Lol.. you do know that this works for Sundagas too, aside from the fact theirs friends and family in business, especially when the BoDs diligence is to the shareholders and not relatives, (unless they're major shareholder)

The Project buy in and net costs due will be accelerated, Sundagas will get it off the ground quicker!
Also by your reasoning as a family member the RTO would've been better, but like I said ... care is to the shareholder and what the sale is worth to BOIL as a company...and that is how the business should be run, not because someones uncles, dad, sister, brother-in law is associated by business!

What are you selling...

* Viable 25% asset in a proven zone
* Shell evaluated at 1.3TCF recoverable TO US, that's our 25%
* Shell Due diligence equates CoS at 100%
* The project already has approved bank funding
* Your partner in crime is Sundagas with a proven track record

You're selling for £20 to £40 Mill, which to be fair is cheap as chips, but allows you to continue with projects in hand without the need for funding and still have major cash equity to hand to explore more viable projects

At minimum ...asset sale of £20 MIL gives us just over 1p!!!!

Screw the rise matey... I'm telling you, they're on a path to sell the asset with a buyer in mind already!!

This will be a different sp when that rns drops! It explains yesterdays rns and the reverse move from RTO that would have been in their favour!

YEP.. with MAJOR cash in the bank ... they can continue with PERU and colter without the need for external funding or placing.

Now i'm even more sure negotiations are underway with a bidder... take it as a ramp as much as u want... but it adds up perfectly!

Refer to it as ramping all you want, but the more I think about it ..the more it makes sense.

They pull out from a perfectly good RTO stating it will be to expensive in the long run, when the RTO would have been a beneficial move for them. Somethings isn't sitting right, I believe they've been approached before they commit to the RTO in favour of a bid for the asset!

Probably against Sundagas's wishes.. but it put BOIL in a MAJOR cash situation!