Member Info for Jarv55

Could be Paul selling his final lot next week will be interesting as we head into Chuditch news

Management Commentary

Management estimates, which differ from RPS mainly in their approach to statistical volumetric estimation, for Dunrobin West for the Jurassic alone remain in excess of Pmean 100mmbbl* gross unrisked Prospective Resources. Dunrobin West has been proposed by the JV to be the location of the first exploration well on the licence. Management believes that a single vertical borehole on Dunrobin West to a total depth of c.800 metres can test both Jurassic and Triassic targets at an estimated gross drilling cost of £8.6 million on a dry hole basis. A farmout campaign to attract additional funding is underway.

Jon Ford, Technical Director of Baron commented…

"We are pleased that the CPR provides independent confirmation for the Company's belief that the western part of the Dunrobin complex has matured into a drillable prospect where a relatively low-cost exploration well can target more than 100 MMbbl* of gross Pmean Prospective Resources with low geological risk. It validates our decision in 2021 to enter into a farm up arrangement which more than doubled our working interest in the licence to a more meaningful 32% by promoting and accelerating the Phase A work programme to a technically high standard at relatively modest cost.

"The publication of the CPR will add impetus and credibility to the ongoing farmout campaign which has already attracted industry interest."

Including the Chuditch natural gas project in the Timor Sea, our risked valuation for Baron
is US$163.5m. This is up from US$159.5m previously reflecting the upgrade for P2478. The
change in the exchange rate assumption, however, results in a downgrade in the per share
valuation from 0.775p to 0.708p.

https://uk.investing.com/news/stock-market-news/european-demand-to-boost-lng-competition-over-next-two-years-shell-2917160

https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2023/02/20230216-Baron-Oil-plc-BOIL.L-Allenby-Capital-P2478-CPR.pdf?c3482=on

Think our broker is short lol doubled the resource yet they have down graded the price due to the exchange rate

placing churn

brokers note out

https://twitter.com/Uplandtweets/status/1626137214051659778?s=20

https://www.rns-pdf.londonstockexchange.com/rns/0739Q_1-2023-2-15.pdf full report here

We have 7 trading days left in Feb Chuditch news in bound we all know Baron is only going higher.

We have just doubled the estimates mms playing games here same as yesterday dropping it then taking back to flat.

Buyers coming in now watch those stops mms get them every time

Lets see if they do a presentation or give an updated brokers note

Well done Baron oil abd holders here. Dunrobin on time and the extra unexpected bonus of going straight to the CPR. this will now go into the data room can see this drill moving quicker than we first thought.

page 11 https://clontarfenergy.com/wp-content/uploads/2021/05/Clontarf-Energy-Annual-Report-2020.pdf

https://kalkinemedia.com/uk/companies/lon-clon

https://ukinvestormagazine.co.uk/clontarf-energy-plc-submits-proposal-to-explore-bolivias-lithium-bearing-salt-lake/

The technology has been proven to be effective and efficient during laboratory testing, and in the Board's view, NCX's technology is an innovative approach to direct lithium extraction.

Please ignore Earlofnoshame biggest moron on Lse.