Member Info for reggie72

plenty of value here, they turned down an 11p offer didn't they not too far back. would take that now!

or cry, crap performance!

got cash plus interest back and an option to take equity so good result! Boil are in a very decent cash position with no debt. See the presentation and they will have £4.2m cash available for new projects plus they have a few more $m in escrow which they will get back one day. Z-34 is farmed out and carried for the first well cost circa $80-100m. Next they are looking to farmout block XXI for a well carry so all available funds an buy a new asset with some production is the plan in think. Unlike many Boil are very well funded!

BP held this asset once before INFA/ BOIL's drilling success so should be worth a few quid someday soon!. i think they will sell back to BP or another major for mutli $m deal north of $50m

yes more news to come now they have their cash back!

cash in bank to spend on new projects! also they also have the cash with Union money to buy 15% of IslandM next year!

best news for a while!

check out the media links!

up 61%!

GCM project given green light after 8 year standstill! POL hold 27.8% equity in GCM GCM up 50% on the day

the full carry offshore is worth c $20m to boil as Union are funding it! just valued at cash with assets given no value Island Magee is proven so you would think that is worth a few �m also

Thinkg they can get their cash out of INFA early August plus 8% return or take the 15% equity in IM. As you say they have a decent cash position about equal to current mkt cap so assets and carries are valued at zero. With Union now given the go ahead offshoe expect Z34 to start moving this year into 2017.

168p this am to 148p this pm. Pants mkt.

when is the divi paid?

lol £20 was soaring not 135p!

plenty of action on the ground now across the globe. cash in bank, more cash to come in shortly and no debt.

This Island Magee could be worth a few quid cash to Boil. They get their loan back whatever but also have an equity interest. Bare in mind BP were sniffing around this even Boil it has been proven up with Boil involved. Numbers needed are £270m so i think they could sell out to one of the majors giving a big cash boost??

reckon this asset could be worth a few quid in the not too distant future!

drilling now underway, news potential onshore Peru, Union cash to come in also so plenty of news flow on the horizon. with the Union cash they could drill block xxi at 100% as cheap shallow wells (read Nutech report).

rig is on site so news soon. 500m to 1bn barrels is the forecast across the license area