Member Info for Meadow1948

Well done Neil

When we get the report on the site survey hopefully sometime in March we need some positive news on funding not what we have heard for the last 3 years in advanced talks with funding partners or even some positive news from TL regarding Chuditch every RNS we get states what a good relationship we have with TL the time has come for some proof of that.

Neil-Baron need approximately 24 mil for the drill the other 8mil coming from Timor Gap making the 32mil we have been told will be the cost.Baron would only be allowed to raise 6mil by a share placing[Eddie's research] which would still leave a shortfall of 18mil, so if you believe they will drill they will get the 24mil in one lump or get a JV partner.

Neil -All the information you require has been posted many times this week

Not really Neil- a drop from o.18 to 0.07 is more than 66% in one of your previous posts not being petty just trying to help!

Neil get your decimal points in the right place every one would like baron oil to be trading in the 0.60s

Eddie-He didn't read your post properly and misunderstood

Filthy-As said many times before been involved on and off since 2007[ mostly ON] but this time there does seem a plan that is slowly coming together I think the big plus is Andy Butler, the most important piece of the jigsaw is the funding or JV partner which if you believe the BOD they have been in conversations with various companies since 2021.

Pompal-Probably some of the people that were buying on the last spike-Spread traders that have had margin calls-people that are continually disappointed by the sp and also the BOD that have missed deadlines more than once over the last couple of years and lack of PR.Baron Oil have always disappointed and promised things they couldn't deliver I think no hope this time is different.

I'm sure having Timor Gap as your partner in Chuditch why there would be a problem getting the gas to market

You won't have to wait 7years once funding in place it will be down to the drill results at the end of the year.Any agreement on Greater Sunrise will bring the Majors back which will be excellent news for Baron shareholders

I've had a reply back from Tim Metcalfe on my enquiry this morning about the cost savings and the name of the operator of the site survey." This is subject to commercial confidentiality therefore Baron is not at liberty to disclose them at the present time" which is interesting so we might get the details in the not to distant future

For the holders worried about a placing {Eddie mention we can only raise 6mil without a vote for a larger amount at the AGM{ we have Timor Gap contributing 8mil if we raised 6mil by placing where is the other 18mil coming from? if you can get funding for 18mil surely you can get funding for 24mil

Dougb189-Excellent post makes a lot of sense

I would think a lot rests on the process they are going through presumably all the boxes need ticking before any sort of funding partner would come forward. There must be some confidence that they will get the funding they need otherwise why go through the process.

I still think trying to raise 24mil through a share placing has it's risks, but who knows.

I'm not holding my breath-tried emailing their PR guru Tim Metcalfe on his contact email

which bounced back it didn't exist !!!

Filthy-I have emailed Baron why they could not tell us the cost and what they will be saving also why not name the operator it will surely be known in the region so why not tell your shareholders?

Filthy-Re a placing we are talking 24mil approx I would think BOD would want to keep the cash they already have in the bank.The last two placings were small fry compared to the 24mil we need there are risks with placings with our partnership with Timor Gap you would think within a few months we would get some positive news out of TL which would encourage possible JV partner to come forward.Also you can have a raise at a premium to the current SP if accompanied by very positive news.

VT-trade showing at 10.32

I haven been in Gold Oil/Baron Oil going back to 2007 the SP doesn't reflect what could happen this year the whole process has been painfully slow but in all my involvement over the years and disappointments that have gone with it

I have a feeling something could really happen this time