Member Info for Phoebus

You're the one that hasn't done the research, so stop trying to tell us. We already know.

Apart from �6.5K on back costs for Colter, BOIL has as yet spent nothing on either Colter or Wick. BOIL doesn't have to pay until drilling actually goes ahead. BOIL also has extremely low running costs as it has harldy any staff and is run as a virtual company. Consequently BOIL still has almost all of that $5.2M. In any case even after the drilling and back costs for Colter that would still leave $3.3M.

BOIL have 3 drills planned. 1) Colter / 26.8 MMB gross, 1.34 MMB net to BOIL with 56% COS. Planned for 2018 Q2/3. https://investegate.co.uk/baron-oil-plc--boil-/rns/operations-update/201803060700057965G/ 2) El Barco-3X / between 2.08 MMBOE and 8.17 MMB net to BOIL depending on oil/gas case and farmout or not. Planned for summer 2018. Oil case: ((6.4 BCF/6) + 7.1 MMB) = 8.17 MMBOE net at current 100% or 4.08 MMBOE net if farm down to 50%. https://investegate.co.uk/baron-oil-plc--boil-/rns/update-of-unrisked-prospective-resources/201611300759245209Q/ Gas gas: (25 BCF/6) = 4.17 MMBOE net at current 100% or 2.08 MMBOE net if farm down to 50%. http://www.baronoilplc.com/docum/Proactive_Investor_conf_031418.pdf 3) Wick / P50 recoverable 70 MMB gross, 10.5 MMB net to BOIL with 36% COS. Planned for Sept 2018. Referred to here as Wild Boar: https://investegate.co.uk/infrastrata-plc--infa-/rns/asset-exchange-agreement-with-fyrd-energy/201412161144229057Z/ If we use the gas case for El Barco-3X as per last presentation the total P50 recoverable net to BOIL for the 3 drills is between 13.9 MMBOE and 16.0 MMBOE depending on El Barco farm out. In the oil case the total rises to between 15.9 MMBOE and 20.0 MMBOE P50 recoverable net to BOIL.

<sarc>route1, I mean yeah, it was just the same in the North Sea in the 1960s. What a bunch of waster spending all that cash and finding nowt. They must look back with regret now.</sarc>

This flow is from the already discovered field level which was always expected to be commercial. 1 MMSCF/D pr 167 BOE/D isn't impressive either. Having only scraped over the commercial threshold with the hail Mary interval, I certainly wouldn't be shouting it from the roof tops. Given Dempsey was touted as world class, the well overall is a major dissappointment. Need to go back to writing fart jokes Gary.

final seimic data and around a month until CPR. Expect to see some serious SP traction now going forward. GLA.

and only one trade in 20 minutes! Where is everyone? You'd think the market would be all over this. According to my calculations Amdigh has a COS of 67.2%! Given Chinese sucess next door and the last positive result, I think another discovery is extremely likely. With all flow testing still to come looks like there could be an RNS bonanza this summer. GLA

I don't agree. The cash from Total will be enough for 4 wells in Guyana, Tullow will be paying for the Namibia drill and the cash from Africa Oil is for other assets if identified, so I don't see any need for a raise from any angle. Sure, if Africa Oil cash is spent on a new asset and Total don't farm in then more cash would be needed, but I see that as an extremely unlikely scenario IMO. Incidentally I did suggest to Gil the other week that he wait until the Total farm in is executed until deploying any of the Africa Oil funds.

is also moving up strongly today, so perhaps we're about to get an update regarding drilling. Both stocks also waiting for SE Asia deals. BOIL only has a 15% share of Wick, but with a low market cap backed > 50% by cash and two more drills planned for 2018, it also looks a great bet. Enjoy the bank holiday weekend.

Yep. Well spotted. Just like the big buying at the close yesterday. Bodes very well for next week. Have a great bank holiday weekend all.

A couple of day traders selling. Bye.

Chart almost a carbon copy of yesterday. Expect ask will gap up again on Tuesday as per this morning.

Q3 drill is also up strongly today. Perhaps we are about to get an update regarding drilling arrangements.

Anyone else expecting a strong finish and continuation next week?

If you look at the chart MMs are using the same MO as yesterday. Strong rally in the morning, then a strong pullback, opens higher next day.

I though you were supposed to be calm. They're only trying to shake it a bit after the huge buying. Most of the shake is spread anyway with ask at 0.49p. Just hold your shares and build your position. The financial and operational fundamentals here are very strong. The rerate is happening.

If you want COVE 2.0 take a look at ECO also. Their Guyana story is very much like that of COVE in Mozambique. Some personnel overlap too.

from 10:14 just popped up.

So they should. News or no news just yet BOIL investment case looks very strong given cash pile and line up of 3 fully funded drills planned for 2018.

Ah yes, the possible Sundagas deal is SE Asia. Wonder if that also is Sarawak related like UPL? Sungagas remit area includes Sarawak remember.