Member Info for Jarv55

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

I expect to hear news on the financing side in the webinar

Now this is settling down if you actually read the rns you will se that Barons costs have just halved to derisk the Chuditch discovery. Which hopefully mean they don't have to give away as much of a percentage. They may even be better off doing a big raise to help them giving away even more this asset is extremely valuable.

https://www.vox markets.co.uk/articles/trader-s-cafe-with-zak-mir-the-week-in-small-caps--78c3f7d/

Toptuf more interested in what is going to be said on the 26th of October than who is going to become PM

nice buys coming in

After hours to burn the shorts on Spreadex would be nice

Is this a new Website? https://www.baronoilplc.com/

He was telling everyone to steer clear because they had 7 million in debt now he is ramping disgusting individual.

earl of no shame or shall I say Aimington chase shocking behaviour from you, you were deramping this a few weeks ago.

mms bidding for 10million tells me all I need to know

We are about to get an announcement which could possibly make Chuditch bigger than Sunrise, everyone has to do what is best for them, taking notice of other traders can be bad for your wealth both ways, do your own research and play your own game.

HFB would be good if you could share your knowledge in the telegram research group https://twitter.com/Jarvy55/status/1583385349522624512?s=20&t=N_9rgSesSYayypt-ZHm8Og

Nice shake for the big boys to load up there.

TGS began delivering the new, high-fidelity image of the reservoir structure to our geoscience team during 2Q 2022 and the interpretation of the data is underway.

In parallel with the 3D seismic reprocessing project, additional geological and engineering studies have been largely completed, including:

extensive 2D regional seismic interpretation and mapping and petroleum systems modelling exercises to provide a regional context of the Chuditch trend;
a revised petrophysical and core evaluation of the Chuditch-1 discovery, confirming the quality of Chuditch reservoirs as potentially gas productive;
a well engineering study to provide preliminary designs and indicative costs for a Chuditch appraisal well and a step-out exploration well; and
a Chuditch Field Facilities Definition Concepts report, which identifies, assesses, and compares field development concepts. The study evaluated the layout and costs of the necessary infield facilities, the various pipeline and standalone options for gas export, and the treatment and storage of carbon dioxide.

At the regulatory level, Banda continues to enjoy a strong and constructive relationship with Autoridade Nacional do Petróleo e Minerais (“ANPM”). An operational office was opened in Dili in early 2022 and the recruitment of a fit-for-purpose local management and technical team was completed during Q2 2022.

Baron is engaging with multiple potential farm-in partners by hosting a continuously updated dataroom, not only with ‘traditional’ exploration and production industry players, but also with companies seeking security of gas supply and infrastructure providers. A programme of showcasing the Chuditch asset at the most relevant international industry forums to promote and publicise its value is underway.

A decision on whether to enter the drilling phase, with the potential for a high impact drilling programme in 2023, is scheduled to be taken in Q4 2022 following the receipt and Interpretation of the final seismic reprocessing data volumes.

A follow up to our January 2022 investor presentation focussing on the Chuditch asset is anticipated to be held at an appropriate juncture later in 2022.

SundaGas Timor-Leste (Sahul) Pte. Ltd. (“TLS”), a fully owned subsidiary of Baron, is the parent company of the Timor-Leste subsidiary SundaGas Banda Unipessoal Lda. (“Banda”), which is the Operator of and 75% interest holder in the offshore Timor-Leste TL-SO-19-16 PSC. The remaining 25% interest is held by a subsidiary of the Timor-Leste state oil company Timor Gap, E.P., whose interest is carried by Banda to development.

The Chuditch PSC is located approximately 185km south of Timor-Leste, 100km east of the producing Bayu-Undan field, and 50km south of the Greater Sunrise potential development. It covers an area of approximately 3,571 km2, in water depths of 50-100m, and contains the Chuditch-1 gas discovery drilled by Shell in 1998. The well was drilled in 26 days at a cost of US$8 million and encountered a 25m gas column in the Jurassic Plover formation on the flank of a large faulted structure.

In July 2021, Baron announced the results of a review of prospective resources by THREE60 Energy Asia Sdn. Bhd. (“THREE60 Energy”), an independent consultancy specialising in petroleum reservoir assessment and asset evaluation, for the Chuditch PSC. The results are based on the interpretation of legacy 2D seismic data:

independent review of the Chuditch PSC, validated to SPE PRMS 2018 industry standards, indicates aggregate gross Mean Prospective Resources of 3,368 Bscf of gas and 30 MMbbl of condensate, equivalent to a total of 591 MMBOE;
subsurface risks for prospects and lead are estimated to be low, since they share analogous geological characteristics to the Chuditch-1 and other gas discoveries in adjacent Timor-Leste and Australian waters;
the High Estimate of aggregate gross Prospective Resources equivalent to 1,156 MMBOE may reflect the potential for a single, large accumulation.

Banda has an agreement with Spectrum Geo Australia Pty Ltd., a wholly owned subsidiary of TGS-NOPEC Geophysical Company ASA (“TGS”), for the licensing and reprocessing of 3D seismic data. This major plank of the initial work programme is designed to address issues with sea-bed topography and shallow geological features that significantly impact the existing seismic image at the reservoir level local to the Chuditch area and create artifacts that seismic processing technologies have hitherto been unable to remove. Working closely with TGS a pre-stack depth migration (“PSDM”) processing routine has been tailored to resolve these issues, utilising new algorithms that address areas of complex seabed and shallow geology. Although computationally intensive and time-consuming, this work is resulting in a considerably enhanced subsurface image, critical for the definition of the size and shape of the accumulation. The interpretation of the reprocessed 3D seismic will lead to a revision and increase in confidence in the above gas volumes estimates, and inform the location of potential future wells.

Got to lol at Wall street they really need to do some proper research for a change

Buyers coming back in 3 trading days until results

You can't compare this to Copl lol

Earl they raised 4 weeks ago https://www.lse.co.uk/rns/7DIG/fundraising-and-directorate-change-pjza5su0u8hrp23.html