Member Info for Jarv55

Remember Chuditch already have the PSC in place

Osaka Gas Australia Managing Director, Yo Otsuka, said it was important to assess and compare the development concept from both technical and commercial points of view to select the best option for the success of the Sunrise project.

In parallel to the concept select programme, the SJV is progressing the negotiation of the new Production Sharing Contract, Petroleum Mining Code and associated agreements with the Timor-Leste and Australian Governments, which, upon finalisation, will provide the fiscal and regulatory certainty required for a development to proceed.

UK 33rd 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.

Can someone point that Suhail chap in the direction of the rns he doesn't seem to have read any.

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 where an initial exploration well on the P2478 licence could target approximately 100 MMbbl of gross Mean Prospective Resources (non SPE PRMS compliant). Due to the shallow nature of an exploration well on Dunrobin West (approximately 800 metres total depth), gross drilling costs to test such a substantial volume are likely to be modest at approximately £8 million. In addition, success on Dunrobin West would de-risk potential follow ups on Dunrobin Central, East and Golspie analogous prospects.



A joint farmout campaign is underway and we look forward to announcing the results of the subsurface re-evaluation during February 2023.

I find it very amusing he called himself Noba has to be a wind up account surely?

Finally we are on our way GLA https://twitter.com/Jarvy55/status/1625530675146227715?s=20&t=qNlBq_tKztUIWq0lnZhU4w

Earl do us all a favour shut up, your constant repetitive posts are not making any difference. In fact they are getting embarrassing.

Yea maybe you are right they need to get profitable on what they have at the moment. But menswear is a huge market to tap into.

Think they need some male influencers as well menswear is big business

They really could turn this around easily the warehouse space is huge build another floor and rent half of it out. Cut the cash paid to influencers by 5%, renegotiate the margins with suppliers, get longer lead times on payment but buy more in bulk. Cut out the Christmas party expense until back in profit. Hopefully Lincoln will advise them on where to cut costs.

From Boil RNS news due here any day now.

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 where an initial exploration well on the P2478 licence could target approximately 100 MMbbl of gross Mean Prospective Resources (non SPE PRMS compliant). Due to the shallow nature of an exploration well on Dunrobin West (approximately 800 metres total depth), gross drilling costs to test such a substantial volume are likely to be modest at approximately GBP8 million. In addition, success on Dunrobin West would de-risk potential follow ups on Dunrobin Central, East and Golspie analogous prospects.

A joint farmout campaign is underway and we look forward to announcing the results of the subsurface re-evaluation during February 2023.

I see Rbd have appointed a joint broker today wonder if that is for a raise for more activity.

In The Style
14 h
·
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This year we also wanted to share how our be kind campaign with the help from all of you, has supported Samaritans for the past 3 years. So we took a trip to visit the Samaritans to see first hand the incredible work they do everyday. Keep an eye out on our channel this week to see the exclusive!
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Joe well you have learned a valuable lesson always do your own DD.

Dunrobin could also be one accumulation. waiting on those results any day now.
UK P2478 licence



Baron has a 32% interest in United Kingdom Offshore Licence P2478, in the Inner Moray Firth. Baron has the role of technical overseer of the remaining Phase A work commitments for this licence. The preliminary interpretation of the reprocessed 3D and 2D seismic data is largely complete with an increased confidence in the imaging of the reservoir targets within the previously recognised prospects on the licence. In addition, geochemical studies conclude that there is potential for developable oil quality within the licence area.



Baron previously announced that its internal estimates for the Dunrobin prospective complex contained approximately 100 MMbbl of gross Mean Prospective Resources*. The preliminary interpretation indicates that the western part of the complex (the "Dunrobin West" prospect) at the primary Jurassic target alone could contain 100 MMbbl of gross Mean Prospective Resources*. The Board believes that Dunrobin West is maturing to the stage where it is potentially a drillable prospect and so a potential target for an initial exploration well on the P2478 licence.



The Directors believe that success on an exploration well on Dunrobin West would de-risk follow up prospects Dunrobin Central, East and Golspie with the possibility of establishing the upside potential of a single Dunrobin accumulation. A secondary Triassic target is also being matured, involving an unproven (and therefore likely riskier) deeper reservoir, which the Directors consider provides significant additional resource potential and which may demonstrate higher oil quality preservation.



A joint farmout campaign is underway and has been announced to the industry. The Directors consider that there is currently an improving UK farmout market, with increased industry interest, the potential availability of windfall tax breaks, the need to address energy security issues, and an improved macro-economic environment.



It is proposed that approximately 5% of the net proceeds of the Placing and Subscription will be applied towards the P2478 licence and will include:



· Finalising the interpretation of reprocessed 3D & 2D seismic data;

· Modelling the outcomes of geochemical studies;

· Evaluating a secondary deeper Triassic reservoir additional target for exploration drilling; and

· Participating in a joint venture farmout.

https://asia.nikkei.com/Spotlight/Davos-2023/Timor-Leste-has-no-obstacles-to-joining-ASEAN-President-Ramos-Horta

terrible title does not encourage people to read it know it is meant to be sarcastic, but they didn't think it through very well.

Think I would prefer it if Adam said we have found ways to cut costs and will not be selling, that way he can buy some shares and Earl will finally shut up.

Earl just take the hit and move on this one is going to be a slow burner

Some good info in the telegram group https://t.m e/+beGSk3TxjE01MjVk just take the space out between the m and e