Member Info for Jarv55

off book might be a transfer

Tiburn they originally said January with a possible over run into Feb I get they will be waiting on third parties.

I don't mind the news being late if its a very detailed rns and a presentation follows, but it is time the management took their share holders into consideration. Many of us have sat in Boil for years supporting them and waiting for this moment, after many delays I might add. They say they are not a lifestyle company who sit back and just draw wages so lets hope they finally take the bull by the horns, step up the Pr and show us and the market the true value to attract the iii investors. They really could do with taking a leaf out of the UPL managements book on how PR should be done.

Well Tim has told several people Boil are on track so his rep is on the line here.

The market is waiting for the diamond news

This is being played like a fiddle by the traders

Exactly Meadow research for yourself, trade for yourself, blindly following others can be very costly.

Edwood at end of the day we are all going to slice at some point or take profits just some of us don't need to lie to that. Robbie lost any credibility as soon as he went full time, his aim is to make a £million from a £50k trade. He doesn't care how he does it or what he says to his followers to get there, but loads are wising up to his antics and unfortunately all that will happen is people will start avoiding the shares he is trading, which is a shame for this company. In all fairness its not just Robbie trading this a few of the bigger hitters on twitter are are doing the same they just don't shout so loudly about it.

Malcolm J talk of 3 to 7p is just fantasy.

https://www.next-chemx.com/potential-markets/
Key Takeaways
Proven Novel Environmentally Friendly Technology with significant economic advantages.
Intellectual Property – patent issued and several in process.
Diverse Markets – same underlying technology applies to several distinct very large market opportunities that need better solutions and more environmental technologies.
Pilot Lab – Laboratory at Research Park in Champaign, Illinois.
Scientific Team – One of the top membrane chemists in the world, who spent years developing our technology, leads a team of qualified specialists.
Business Team – Successful in commercializing new technologies.
Potential Customers – are all waiting for pilot plant economics to be demonstrated for each customer’s particular extraction requirements.
Next Steps – Completing initial LOIs and conditional contracts based upon pilot plant test results of each customers’ liquids.

Jimmy the only tears in Boil will be coming from the Telflon hands traders who jump from stock to stock. Chuditch is huge they are cashed up in talks and awaiting Cpr results next week, they don't have any warrants, not just a one trick pony either just took some additional licences in the North Sea. I think the same as Upl they will want a sale on Dunrobin to progress Chuditch, as for the Rbd valuation take things they say with a big pinch of salt they sold Victory off cheap. I don't expect Dunrobin to go go for high value either but it will help both Boils and Upls cash position.

Jedster they needed a £1million pounds for the guarantee for starters. 3d processing isn't cheap if you listen to what Andy said they were fortunate that Shell had already done most of the leg work. he said today that would of cost Boil around £50million so 3d processing is going to be expensive. I do think they could of got the raise done higher at 2p and not diluted us so much but Boil are very slow at doing things. Lots could be improved imho they are geologists and really could do with employing a marketing person who understands not only the needs of shareholders but how the market works.

Charlie agree with what you are saying this is why I think they have expediated the Cpr on Dunrobin. I think they could sell that to get a few million on the balance sheet and then use that to stay in the JV.
Chuditch is the Jewel in the crown, its scalable with Chuditch 2 including three other possible leads. prove it up increase its value then sell.

Think Chaching is another account of Earls

They will side Track Chuditch 1 to see if there is more gas in that well I would expect them to also start the 3d mapping of Chuditch NE to proove that up they said that is nearly as big as Chuditch 1

As announced on 18 October 2022, SundaGas was granted a six-month extension to Contract Year Two of the PSC which now expires on or before 18 June 2023.

Development and gas commercialisation

As the preliminary subsurface interpretation is indicating an uncomplicated structural configuration for Chuditch, and subject to an ongoing revision of the Chuditch engineering concept study, a simpler field development concept is likely. The apparent increase in gas resources in the Chuditch-1 discovery itself suggests that a single appraisal well will suffice to determine commerciality of the project without the need for immediate follow-on exploration wells.

Multiple potential export solutions for gas have been previously identified which are not dependent on any single concept or route. The fastest development and export option is expected to be to utilise a hybrid floating and platform LNG system, which does not require export pipelines or border crossings.

A revision of the Chuditch engineering concept study has commenced. It is anticipated that this work will illustrate and quantify a fast-track development pathway that targets first production in 2028.

Management estimates of project economics continue to be attractive at current and long term average gas prices in Asia.

Development strategies for handling carbon dioxide could include Carbon Capture and Storage ("CCS") at Bayu-Undan or for disposal within the Chuditch PSC. SundaGas aspires to achieve net zero LNG through long term supply arrangements with buyers that have an effective Scope 3 strategy.

Farmout

The Company continues to evaluate options to secure further investment for the Chuditch project, including an ongoing farmout process, which is accelerating with the availability of the revised interpretation. The Company remains in talks with multiple potentially interested parties.

The combination of the PSC extension, availability of the new reprocessed 3D seismic data, and the external validation of Resources that are to be provided via the CPR will be of significant benefit to this process as we move into 2023.

Chuditch-1 Discovery

951

75%

713

1,800

75%

1,350

Chuditch West Prospect

540

405

merged into Chuditch-1 Discovery

Chuditch North Prospect

473

355

not present on improved data

Chuditch NE Lead5

1,293

970

1,950

67%

1,300

Chuditch SW Prospect

642

482

1,150

50%

575

Quokka lead 5

not evaluated

600

67%

400

Aggregate

3,899

75%

2,924

5,500

65.9%

3,625

total is 3,625 in all at the moment that is without Chuditch NE

if you look at this rns its shows the the figures they are expecting in the cpr
https://www.lse.co.uk/rns/BOIL/chuditch-psc-update-w7fn3ykarvbzf0u.html

24 October 2022

Baron Oil Plc

("Baron", or the "Company")

Chuditch PSC Update

Significant increases in management's aggregate Gas-in-Place and Recoverable Gas Resource estimates

Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration and appraisal company, is pleased to provide a further update on the TL-SO-19-16 Production Sharing Contract, offshore Timor-Leste ("Chuditch", the "Chuditch PSC" or "PSC") and the preliminary interpretation of the reprocessed Chuditch 3D seismic data.

Chuditch Highlights

· Best case aggregate gross Gas-In-Place estimate of approximately 5,500 BCF versus an equivalent estimate of 3,889 BCF prior to 3D seismic data reprocessing

· Best case Recoverable Resource estimate of 3,625 BCF, using preliminary gas recovery factors of between 50% and 75%, versus an equivalent estimate of 2,924 BCF prior to 3D seismic data reprocessing

· Chuditch-1 gas discovery best case Recoverable Resource estimate of 1,350 BCF is materially larger and may independently represent a Liquefied Natural Gas ("LNG") scale resource

· ERCE engaged to prepare a Competent Person's Report ("CPR") - potential for contingent resources to be assigned to the Chuditch-1 discovery

· Chuditch SW prospect Gas-In-Place estimate has increased, but greater structural complexity may imply a lower recovery factor

· Extension of sizable Chuditch NE Lead onto 3D seismic data area confirmed

· The previously unevaluated 'Quokka' Lead extends onto the 3D seismic data area

Technical Update

Preliminary interpretation of the Chuditch PSC reprocessed 3D seismic data is leading to significant increases in management's aggregate Gas-in-Place and Recoverable Gas Resource estimates (the "Update") compared to the previous independent Prospective Resource estimates by THREE60 Energy (the "2021 Report", 14 July 2021).

The preliminary interpretation has led to a significant uplift in seismic imaging quality and has significantly reduced subsurface risk. Mapping indicates a greater concentration of resources into the Chuditch-1 discovery in a simplified and robust structure with relatively high gas recovery expected. The adjacent prospectivity has evolved; its understanding is now more robust, including confirmation of leads extending onto the 3D seismic data area.

Consultancy group ERCE has been engaged to prepare a CPR to provide an independent validation of Baron's internal resource estimates to a SPE PRMS compliant standard, which will include a probabilistic estimate of Resources and revised risk factors.

or intraday even better would be after hours