Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Good work edgar222.
A couple of weeks away yet.
7 March 2016 Baron Oil plc ("Baron " or "the Company") Block XXI Peru Seismic interpretation and extension of licence period The Board of Baron Oil plc is pleased to announce that the recently acquired 2D seismic data on the 100% owned Block XXI onshore Peru has now been processed by GSS and analysed by the company and its consultants. The seismic data has produced some encouraging results and the Company representatives met with Perupetro in Lima on 3 March to review these results and inform Perupetro that we will extend the licence period for a further 18 months and also relinquish 20% of the licence area as required under the terms of our exploration contract. The seismic data and subsequent analysis has shown several interesting indicators: · located to the north east of the original Minchales well bore there appears to be a small gas accumulation of up to 5bcf in sands at around 4,425 feet subsurface. · perhaps more significantly, the seismic data clearly shows several gas chimneys which we believe are the source of a 10 ft gas zone identified in a shallow sand at 2,535 feet subsurface in the original Minchales well and the apparent accumulation to the north east. We believe that gas is leaking up from fractured basement rock at around 6,000 feet subsurface, causing the gas chimney effect. Gas shows were encountered in the electric logs at the igneous basement level at the bottom of the original Minchales well.
Always are. Because you are selling and buying the margin is much lower and comes in lower than the average buy/sell price.
Reabold resources continue to suggest Q2 drilling. Https://reabold.com/investor-relations/faqs/
If everything comes in - including SE Asia, I have a target price of 10P by the end of the year. Having said that, if there is no news before easter it will drop down in the short term. As the CEO is in Peru I am obviously hoping for the news update. Colter news could be very soon too.
That's all we need to get this £500 million project going.