The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I think things are set up so that if someone wants to buy Chuditch, they only have to purchase Sundagas, 100% owned subsidiary of Baron oil. It also means the company that buys Sundagas can avail of any benefits or deals negotiated with Timor-Leste.
It would be ideal to get news from the North Sea before we get news from Timor-Leste
No date for Timor-Leste conference either. It was originally scheduled for Nov 20, just 5 days away.
I'm holding out until there is a buyer for Chuditch. I think the management are holding out for the maximum prize, which will be after the drilling program late next year. So early 2025 is my estimate.
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Sorry Ratr, I meant in terms of news expected this quarter. I was hoping the conference would be a catalyst for news from the region and Chuditch in particular. Not necessarily negative that it has been delayed but a bit frustrating.
The Timor-Leste conference being pushed back to next year certainly hasn't helped.
I got blocked from tallymoney on twitter/x, for saying, I'd be more impressed if tally listed on an exchange, 5 years and waiting. Not exactly investor friendly.
Is it too late for Australia to make a move?. Sounds like TL and China have a full plan negotiated. Sympathy for Oz extremely limited.
Could be another 2 weeks before we get the interims.
In a best case scenario, baron and a jv partner plan to drill late 2024, the drilling program is expected to take 1 month, so results 1st quarter 2025.
The longer it takes to find a jv partner the more likely this is to be pushed out. However I'd expect Chuditch to be sold once the drilling program is completed and the results are as favourable as we expect
From this stage to actual production I've no idea.
As baron oil shareholder for almost 4 years I would like to echo Charlie's thoughts. Communication from #boil to shareholders is minimal at best.
At the last q&a one of them remarked, when news comes, it will come fast.
I'd guess a lot of the detail is already agreed on, it's the timing now that matters and probably a few external/political matters.
Australian propaganda.
The sp opened at .1p most mornings despite closing at .11p. I dont think there was any sustained increases during the week at all.
Probably 18 months before we get drilling program started, finished and results results analysed.
A lot of information going around alright pingu777, you would think we are involved in it at some level. We do seem to be inching slowly to news (very slowly), but I do remember from the q&a event recently, one of the speakers saying, when news comes, it will come fast.
Make off that, what you will.
Predictable. Always a bit of abuse thrown out, on their way out the door too.
Drilling is pencilled in for late 2024 that is fact. If you want full value for baron oil that's what you have to wait for. A jv will obviously boost the sp in the short term but a buyout is unlikely until the next phase of drilling is completed or it would have happened after the cpr was released earlier this year.
Having been in boil for over 2 years I'm just not as optimistic. Could be Nov before we hear details of a possible jv, late 2024 before next drilling program starts, so early 2025 at best to see full value for Boil.