George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
https://www.share-talk.com/baron-oil-share-price-one-rns-from-rocketing/
Interesting view of what could become of Dunrobin in this piece.
Morning all BOIL RNS today.
TIDMBOIL
RNS Number : 1932N
Baron Oil PLC
19 January 2023
The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.
19 January 2023
Baron Oil Plc
("Baron", or the "Company")
UK 33(rd) Offshore Licensing Round and Asset Update
Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration and appraisal company, is pleased to announce that, as a joint venture non-operating partner, it has submitted an application in the UK offshore 33rd Round of licensing, conducted by the UK North Sea Transition Authority ("NSTA") (the "Licensing Round"). The Licensing Round attracted 115 Bids across 258 Blocks or Part-blocks.
The application, following technical screenings of the areas made available in the Licensing Round, is in line with the Company's stated strategy of acquiring significant equity stakes in potentially high impact oil and gas exploration and appraisal prospects at low entry costs and which would enhance the Company's existing assets. It is anticipated by the NSTA that offers to award licences will be announced during the second half of 2023.
TL-SO-19-16 PSC, offshore Timor-Leste (the "Chuditch PSC"; 75% Interest, operated)
On 24 October 2022, Baron provided a technical update resulting from its preliminary interpretation of the Chuditch PSC reprocessed 3D seismic data and announced that reservoir consultancy group ERCE had been engaged to prepare a Competent Person's Report (the "ERCE CPR").
The ERCE CPR will provide Baron with independent, SPE PRMS compliant standard, resource estimates for the Chuditch-1 discovery and offset prospects and leads. Baron continues to work intensively with ERCE on the subsurface technical understanding which lies behind the resource calculations and the Company expects the ERCE CPR to be completed during February 2023.
As indicated previously, the Company anticipates that Contingent Resources will be assigned to the Chuditch-1 gas discovery, which should have a significantly positive impact on the value of the Chuditch Project.
As such the ERCE CPR will form an important component in the Company's continuing efforts to attract additional industry partners to participate in the next phase of the Chuditch PSC.
UKCS P2478, offshore Inner Moray Firth (32% Interest, non-operated)
As announced on 15 November 2022, the technical work programme over the Dunrobin and Golspie complex of prospects is now largely complete, and Baron is working with the licence operator, Reabold North Sea, to complete the re-evaluation of Prospective Resources and potential commerciality of any future discovery.
The Baron board reaffirms its belief that the western part of the Dunrobin complex (the "Dunrobin West" prospect) is potentially a drillable prospect
https://uk.advfn.com/stock-market/USOTC/DBRM/share-news/Quarterly-Report-10-q/89997156
From a couple of posters on the DELT BB.
https://www.1stsom.com/amp/ossian-darach
https://opendata-nstauthority.hub.arcgis.com/datasets/NSTAUTHORITY::exploration-and-appraisal-wells-3/explore?location=53.398449%2C-0.354922%2C5.94
Plenty going on here this quarter. Dunrobin could come any day now also.
1. Are the EU going to provide a grant for further exploration/development of Parta and is that part of the reason for the delay ?
5. Is the delay in The Daybreak drills due to California with holding the permits for both new drills and the water disposal wells and if so what timeframe do you envisage for a resolution ? ATB
Poster over on DELT has a satellite image of rig and supply vessel.
Started drilling 23.11.22 if we are lucky news could come at the end of this month,although i rather doubt it more likely end of Feb. Dunrobin news could come any day though.
I can not imagine that Cathal is too impressed with DBRM at present as he purportedly owns 40% and they have not drilled the three wells that they had undertaken to. Let's hope he can put a rocket up them, at least he had our directors upping their stakes in RBD.
Strangely enough Uggy/Persi or call it what you like called me a turd on ADVFN not so long ago for continuing to top up in order to average down so i can maximise my profits when these two jokers can finally turn things around. I will give them the benefit of the doubt though or i would sell out. Something Persi/Uggy could not do as he/she has never held any.
Let's get back to RBD though any thoughts anyone for 2023 ? ATB
Deano are you replying to a green coffin poster or talking to me ?
Diff & sheep? PMSL.
Well at least when this share issue has been absorbed we should start climbing again, i guess a lot of forward selling and shorting beforehand.
Guess we might have a decent flow of news now when this completes. GLA.