Member Info for MisterPositive

11.2p a share Broker price target might be on the low side in my opinion compared to Valuations of other stocks in AUS with Lithium discoveries all around us.

From Sep 2023 RNS...

"The Company's strategic and operational priority this year continues to be to prepare for the drilling and testing of an appraisal well on the Chuditch-1 gas discovery. Success here will prove up the commerciality of the 1,165 Bcf of gas (194MMboe) gross Pmean Contingent Resources in the field and de-risk an additional 1,651 Bcf (275MMboe) of gross Pmean Prospective Resources."

Chuditch-2 is appraisal follow up of Chuditch-1 gas discovery. Resourse size could be even bigger.

Current MCap is not even close to true reflection of value of the resource we got.

Timor-Gap farm Up completion soon with additional £1m cash to be added to our current estimated £4.6m balance.

Hull

Option to partner with Chuditch will be open to both SANTOS and Woodside.

Interesting game of Chess is on now....

SundaGas owns the 100% Chuditch licence. BOIL now own 60% of SundaGas (previously 75%) and Timor Gap 40%.

SundaGas is the operator currently but that might change if a New Big Major is brought back in who would need to buy our 60% share to become Operator of Chuditch license to fast track things forward.

That is what Timor-Leste Govt aiming for with various ongoing developments in the background. Special Dividend will depend on what price is paid. You got various price targets and broker quotes from Allenby Capital e.g. under different scenarios.

Stevemocal.

I think you got pretty good average given what we know now. Petroleum Authority and Timor-Leste Govt making all the right moves to get Chuditch fast tracked and attract the BIG MAJORS back in.

I have bought quite a few between 0.08 and 0.15 range to get decent Qty. Just waiting for 1.50p Special Dividend when BOIL cash in their shares. 🙂

OVERSOLD

Drop from 0.18 last Thursday to 0.09 in just 3 days is way overdone. HE1 almost 20 bagged from 0.19 to 3.7p in just over a week. Yes AIM can feel like lottery but you got to BUY your tickets in the first place for that BIG payout.

BOIL will gain traction in coming days / weeks with ongoing developments in the background.

Farm Up completion will add another £1m to the current c. £4.6m cash balance.

So the company thinks Chuditch is worth between 1.7p - 3.7p @ 75% share.

For 60% share would become: 1.36p - 2.96p

We just need confirmation of incoming partner who can take things forward. BOIL only interested in what they can get for their 60% share of Chuditch.

Excellent posts from some Top posters here (VisitTimor, Dougb, Jarv, filthycure) to name a few. Cannot remember other names but you know who you are.

I doubled my Holding here on Friday taking advantage of the temporary drop from end of week Day traders taking profits. So thank you. Looking to double my holding again next week. This price is a gift with recent developments. More news updates due. Timor-Leste Govt after all these years has finally been hit with the realisation that Chuditch needs to come online first and will be before Sunrise. Chuditch will attract Big Majors back to Timor-Leste.

Valuation wise, using Victory £32m that Shell paid, i am happy with £656m (3.29p) for Chuditch 3500bcf at 75% share which has major upside on top. Shell estimates back then were 5000 bcf.

We can also argue that reduction to 60% could be more than offset from increased resource from the additional leads and area not included in the 3500bcf case rising to e.g 10 TCF as a guide. Will have to wait and see.

There is lots going on in the background. We might equally attract BIG MAJOR in coming weeks or months by transferring lets say another 30% or 40% on a completely FREE Carry basis all the way to First Gas.

OR

Incoming BIG MAJOR might just buy out our full 60% working interest (via SundaGas shares BOIL own) for upfront CASH and become Operator.

Chuditch-2 appraisal well is lot more advanced now compared to 2-3 years ago. So any of above scenario can play out. With upfront CASH received, BOIL can buy up new Oil & Gas assets anywhere OR in North Sea OR even increase Dunrobin share to 100% share plus SPECIAL DIVIDEND paid to shareholders from cash received.

2024 is shaping up to be an exhilarating year for BOIL investors after a decade or so. Do NOT sell out on the cheap is what i would say. Lot of upside yet to come. Thursday was just a trailer before the movie starts. GLA, please DYOR. I done mine.

MP

Interesting angle here that Boil as investors in SundaGas can sell their shares to Highest Bidder.

We got multiple Price moving catalysts ahead.

2024 is shaping up to be a very exciting year with Timor-Leste finally getting in on the act.

Its all coming together now. Timor Gap is 100% owned subsidiary of Timor-Leste National Oil and Gas company. Timor-Leste Govt is finally backing this now. Sovereign Wealth fund is running low and Govt finally looking to cash in on the LNG boom driven by ever increasing demand from all those Asian Tiger economies, Japan and Australia.

Things are going to pick up pace now. No point for Timor-Leste sitting on Billions of barrels / TCF gas reserves without monetisation.

Penny has dropped now. Today is just the start of a very rewarding 2024 for all BOIL holders. GLA

Excluding the extended leads which we not even looked at.

$40 Billion quoted in recent press is for the original discovery by SHELL over 40 years ago.

"The Baron Directors consider that the Farm-Up by TIMOR GAP has a value to Baron of approximately US$8.5 million made up of a reimbursement for back costs of c.US$1 million and in the offset of future spend which in 2024 is estimated to be around US$7.5 million. The cash payments from TIMOR GAP relating to back costs will be finalised upon Completion and will be paid to Baron within 30 days of the Completion date."

So BOIL 2024 spending commitment is now all covered by Timor Gap Farm Up deal.

BOIL have FREE carry all the way.

That is why we giving 40% to Timor Gap.

Some people want to get in lower 😁

Will spout any rubbish !!!

This Header title sums it up nicely.

Been waiting very long time for this News. Finally

This will have a very strong finish to the week.

Agree with the Header title.

Finally BOIL on the cusp of "UNLOCKING" massive value from Chuditch.

GWMO is looking highly attractive from ROI perspective with only £3m MCap given recent results reported and developments across its portfolio of projects. Permits news due soon would Multi-bag this one. Cooperation Agreement signed recently also is huge positive in the right direction.

Yes. Superb grades and large size deposit.

The type of deposit Big boys like.. Barrick and NEWMONT love.

All will be forgiven when this does +400% rise.

Despite the widespread frustration caused by the delays over last 4 years, the simple reality is Mongolia needs the Oil to feed the refinery. This will happen one way or another. We are now getting closer to monetisation of Heron Oil field compared to last 4 years.

From searching various broker price targets, average consensus currently is around 20p mark.

Actual price might overshoot +20p level as it does generally speaking. I am very much looking forward to that point in time as first target. Rest will be driven by newsflow and future events.

Currently MATD is trading at a substantial discount. That value will be UNLOCKED soon as wider market plays catch up. GLA

They defo need 30,000 barrels of Crude oil to feed the upcoming Refinery.

Heron surely has to go into Production this year for Production to be ramped upwards in time to feed the New Oil refinery. Petrochina production has fallen to circa 15k - 17k barrels recently.

Govt updating laws trying to simplify process for Foreign investment also. All bodes well for PetroMatad which is a local Oil company which also got "Best Company" award think in 2021.