Member Info for passiton

take Oil our of the equation has been nothing Bayu was an Australian operation with facilities
built prior to the agreement in 2018 and continues to be the only gas project in operation now
playing with limited new reserves, they have an Oil refinery on the Island so ADV do not make
a jot of difference they can drill and monetise Its everything else Gas that awaits change and a
green light to production without it as Woodside books clearly state worth $0 against a project
value of $75 billion Chuditch likewise will rerate on its mind blowing potential when it does

The market and sector players know the score and the history of the region and all will be waiting
for that trigger to turn things on its head Woodside have Greater Sunrise Troubadour on the books
at $0 currently but at the Oil and Gas conference in March it was valued as worth up to $75 billion
Everything Baron have including Chuditch (3.5 tcf) currently sits at £8m market value with a WORLD
CLASS (shell 5-6 tcf with upside) asset back in play even a 50 - 100 bagger looks cheap as chips

The problem is Woodside the operator 34% of Greater Sunrise carries it on the books as
zero value due to the Islands long standing heels dug in its ours and will be processed on
the Island at facilities talked about but not built for 20 years that has to change be it they
fast track build the facilities read they did have talks with China under the Belt and Road
Initiative to fund and built after all the regional players said no on the grounds of expense
to build ($20 billion) and both geological and financial viability so the super majors left
them to it and years later nothing has changed one whiff that they are now willing to play
ball and let the operators quickly monetise their finds Baron will be a little fish being
circled by every shark in the Timor Sea and not nearly as low as 10 bags

farm out would be great as would indicate something has been said in the background
hopefully as can see no reason for the big players that left to return unless things have
changed as for seismic not so much plenty of it around already and its not a new survey
Shell did 2d in the nineties for the whole license and others the current data is from the
same 3d survey done nearly ten years ago both showed Chiditch present and big but
questions remained due to ghosting issues both shell and more recently Baron have said
suspect the drill area being concentrated on to be all one massive field if it can prove that
then we are in a potential 1.5 - 2 Billion barrels of oil equivalent truly world class asset
for that 1998 discovery area Baron catching up now calling 3.5 tcf Shell where at near
6 tcf with much upside suspected on the wider license If the new seismic can join the dots
we could go as big or beyond Greater Sunrise Troubadour nearby 8.5 tcf plus 250m barrels
of condensate (premium prices)

find that out soon enough LB the market currently seems locked in another seller buyer stalemate
like pre suspension when Hadron dumping and HSBC RBC and Clarendon Fund buying if so some
timely and truthful TR1's would tell the story sadly been a long time since that happened on most
shares they turn up when they turn up and many clearly a big pork pie
Market does not play true value it plays how much money can we make from each and every trade
and we pi's often have to sit on the side lines while they do their thing and satisfy much bigger
clients fist last and always but on every share once they have what they want they will let it go so
those same big clients reap the rewards and the resto of us get a look in and some progress and
profits if a long term Investor not a daily trader

Hardly irrelevant Essar plan 3 exploration and 18 development wells on just the first of 4 discoveries
each well looking for in excess of 5000bopd that one field alone could be a 100,000 bopd operation
and 3 more to develop do not think we will stick around that long CEO has already stated the focus
now is Copl America but a nice funding for other operations sale of Nigeria asset could be pretty
lucrative after Essar have done the initial drilling
We have a free ride with an option to increase AFTER a successful drill so win win Essar strike a
jackpot take the option then move it on Essar fail and we can just walk away costs nothing but
could add significantly

https://kar.kent.ac.uk/68475/3/B_Petroleum%20Planning%20as%20State%20Building%20in%20Timor-Leste_changes%20accepted_%20anonymised_23%20July%202018.pdf

in that ones case themselves ****stan already have plans headed by China to build Coal to
Gas and Coal to liquids facilities in the Thar where they have estimated 175 Billion tons
to play with part of the CPEC and Belt and road projects invented by China's President
Xi Jingping more likely ours and others in the area headed for Korea Japan China and
Australia itself all have announced large scale increases in planned Gas/LNG usage over
the next 10-15 years before moving to clean Hydrogen and Ammonia gas use take centre
stage

Gross incompetence by Nigerian authorities covers it we are one of dozens with expired licenses
awaiting renewals and extensions and more joining our party each month

now we just need them all to crack on so we can get our farmout partner or big pay day to
get out of a major's way and have some value added to the Baron share price one way or the
other for such a monster as Allenby cited World Class asset in waiting

barely a wind and not going to happen or add value unless the government take the shackles off
they cannot have it both ways want it all with max taxation and freebie percentages and still
insist it is processed on the Island where all would have to wait years for the pipeline and the
onshore facilities to be built no facilities or permission to do otherwise and no major is going to
commit hundreds of millions to a project they cannot monetise easily long before further expenses
arrival of carbon capture clean blue green gas slice into the profit margins as the original well was
not flowed until drilled and tested a gamble for them is it less than 10% co2 or like Santos problem
child Barossa at over 50% which the greens and zero carbon brigade will be having them add more
processing costs and reduce the sales volume by half sooner the government wake up to realities of
the industry and the wider world and get things moving the more revenues they will get

https://nairametrics.com/2021/09/03/nigerias-crude-oil-production-falls-by-90000-bpd-in-august-despite-opec-increase-report/

Appears time to pull those fingers out they need our oil production falling when they had been given an
increased quota time for KK to pull his out of his arse and use his supposed influence to give them a prod
and get the drill bit into action soonest

nope the lse police do not like it up em

or maybe this version will work

https://*************.net/baron-oil-in-a-strong-position-to-deliver-material-value-interview

so playing dirty with the links the missing piece

double slash
directors
talk
dot
net
slash

exclusion for others ended the other day and now any tom dick or harry can bid those pre qualified
now joined by any fly by night crew lets just hope some real players bid before they opened it up to
the rest
The question is in one of our rns it stated Baron IN the bid round the pre qual mentions having to
prove tens of millions on the books available to move the license on quickly our balance sheet does
not have those figures so who do we have a deal with already subject to a successful bid to meet the
pre qualification requirements ?
One answer might be we own Banda Sundagas now and have funded it by our investment in stages
taking them out 33% 85% now 100% When they listed on the Singapore exchange part of the deal
which saw them get the Chuditch license awarded was a similar show us the money from the Island
and a Singapore listed bank backed them with a $30m+ funding package to support it (never used)
so now owning them 100% and 75% license, is that arrangement still in place and Baron have more
financial muscle to bargain with in any upcoming talks?

Now Nigeria has got its act together also the bonus ball possibility that ours and many others
waiting with expired licenses will get their renewals and extensions soon below from Essar's
website they are all set to go and each well has a target of more than our near term 5000bpd
Atomic many holders have waited years it could now also become a reality before year end

As part of the minimum work commitment, EEPLN has executed 3D Seismic API
(acquisition processing and interpretation) over 568 sq km. Wells drilled by
previous operators had earlier unearthed 4 hydrocarbon discoveries OPL-226

The notional development plan for one of the prospects includes drilling of
exploration wells followed by 18 development is CURRENTLY being worked upon

https://www.***************************/baron-oil-in-a-strong-position-to-deliver-material-value-interview/4121020662

no idea if anyone posted link above but Baron seem confident it will happen so expecting some rns action soon the
islands budget 2022 now ongoing 2nd to 16th September with a presidential meeting to finalise on Friday 17th Sep
its for all sectors but with license round ending 1st October and their history of funding Timor Gap for everything
would imagine if Greater Sunrise to move forward they will need a budget unlike all the new licenses where TG
have a freebie they have 56% and will have to pay their way news of it moving be it to refineries in either Australia
or Indonesia nearby or the operator Woodside previously preferred option on site Shell designed FLNG super
barge that would be great news for us also showing they are open for production after it has waited for 20 years
for a pipeline to and facilities on the island they never built

Benny must be looking at old data Chuditch current status way bigger than Bayu its designation
was DEPLETED been going for years they recently targeted some probable possible additional
reserves estimated at 30mboe so no comparison now to Chuditch Baron have only looked at the
original drill area and come up with 3.5 tcf still way behind Shell 90's over 5 tcf and indicated a
lot more upside on the rest of the license Sunrise which they also developed ended up 8.5 tcf
and hundreds of millions of barrels of Condensate nearby at Troubadour put together they call it
Greater Sunrise Shells mapping and spiel indicated the upside on the rest of the license could
be a similar situation with the wider license holding probable vast amounts of condensate we
could end up Greater Chuditch and 1.5bboe who ever joins the party or takes us out will have to
dig very deep imo a full take out for £500m would still be daylight robbery that would not even
be $1 a barrel on Barons catching up with the 90's figures so far

agree the window for Government to maximise its oil and gas assets in financials is closing so they really
need to pull their fingers out virtually all the leading players now committed to moving to clean blue and
green gas hydrogen and ammonia by 2030-2035 so the clock is well and truly ticking to cash in before a
massive reduction in sales volume hits them with 10% 25% or in the case of Barossa half of it has to be
junked at a processing cost before the remainder can be sold, volume sales down margins/profits down