Member Info for RiseAboveTheRest

So you don’t think we’ll hear about Dunrobin before the end of the year or the CPR in Jan as suggested in the webinar (IIRC)?

Not worth responding to Jarv. Posted pretty much the same thing on another BB just before. If you check their post history, you’ll find they have nothing positive to say about this share. They’re clearly just bored.

Thanks.

It may be repetitive to you but there are always new investors who come on here looking for information. If you don’t like the information shared, either filter the poster or just scroll past.

MD, of course people are allowed an opinion. Like I said earlier, no one is bigging the share up. They’re just pointing out and sharing info from RNS’s, meetings etc - unless I have missed something? To me, saying nothing will happen here unless an agreement has been signed is being negative.

Considering all the updates we’ve had recently via the webinar and RNS’s, we should expect to hear some official updates/reports shortly that should reveal the true value of the assets and have a positive impact on the SP.

Manuel, what’s with the negativity then? You even say that the presentation was ”very very good”? There is plenty of news we’re anticipating that should have a positive impact on the SP, so not sure why you think this won’t move unless agreements are signed. An update on Dunrobin and the CPR are expected soon (as mentioned in the webinar) and various other bits that we expect updates on in due course (Chuditch/ potential farmout etc). And placing is now done so fully funded. Things are looking very good right now so not sure how anyone can be so negative.

No one’s bigging anything up. There’s plenty of news we’re expecting soon. The current SP is Irrelevant, we all know that. It’s all in the RNS’s/ presentation. Just a waiting game.

Davies, you may be referring to the placing RNS - https://www.lse.co.uk/rns/BOIL/placing-and-subscription-and-other-matters-4uhoc7fyvc6t2tf.html.

They mention what the raised funds would be used for in that.

https://ukinvestormagazine.co.uk/baron-oil-shares-consolidate-ahead-potentially-game-changing-news/

Baron Oil shares have faded a sharp rally in October as the stock consolidates ahead of what could potentially be game changing news for the junior gas explorer.

The AIM-listed firm are evaluating the Chuditch PSC located around 185km south of Timor-Leste in close proximity of the Bayu-Undan field which feeds the Darwin LNF facility in Australia. The Bay-Undan field is set to stop producing later this year.

Baron Oil are awaiting a competent persons report (CPR) on the Chuditch prospect which investors will hope supports Baron’s in-house assessment.

The company have reevaluated the prospect and found gas reserves could be significantly higher than previously thought.

Baron’s preliminary interpretation of the Chuditch PSC reprocessed 3D seismic data suggested gas reserves attributable to Baron Oil could be as high as 4,125 BCF, up from 2,924 BCF in a prior study.

However, a third party will be required to validate in-house findings and the wait for confirmation of the reserves has proved too much for some investors who have booked profits and sent shares back to 0.14p. Baron had hit closing highs of 0.29p in October.

Baron Oil CPR

Baron Oil has engaged consultancy group ERCE to complete the CPR which will include a reserve estimate. Should ERCE’s finding corroborate Baron’s own assessment, the reaction in shares could be monumental.

That said, a disappointing result will likely see the shares suffer significantly.

Baron Oil shares were trading at 0.14p at the time of writing.

Fish, I only say that because I think once these levels are breached, the opportunity to top up at these levels will be long gone :)

Hoping it stays at these levels (or gets taken down slightly) before the end of the month so I can top up cheaper.

I didn’t expect the SP to rise until the 29th, so it’s looking very positive. Just waiting for any news to be released. Until then, expect the SP to fluctuate. Would rather a steady increase instead of a sudden spike without news.

Toptuf, im in the same position. However, given the SP rose by more than that without news recently and factoring in the company fundamentals and news we should hear over the coming months, I would hope for (and expect) much more than a 25% increase.

Toptuf, you may as well sell at the next pump if you’re happy with 25% (SP rose to .3 even without news recently). Obviously, that would depend on what price you got in at.

Toptuf, of course that took everyone by surprise after they said they were fully funded until 2023. I’m sure they have a good reason to raise extra funding though and hopefully we’ll see some updates over the coming months (i.e completion of CPR).

Did you even read the recent RNS? They’ve mentioned what the placing will be used for. Do some research ffs.

It’s clear someone wants in at a cheaper price. Good luck with that. “Huge selling” …LOL

Nice to see some positivity on here.

Well said Pepsicle :)

Hope for all invested this becomes good. After the updates we heard at the webinar, I don’t see why it wouldn’t. Just a waiting game. Wish I had more funds to top up at these levels.

Be positive about your investment CDF :) ignore the SP fluctuations, that only matters if you’re a trader or you need the funds. I got in at .21 so I’m down a fair bit now but still feel this will get better in the new year. Hopefully we’ll hear some positive updates over the coming months.

Whilst the placing is a kick in the teeth to investors considering they said they were fully funded until next year, it’s good that they have been clear on what the placing will be used for. If that’s what’s required to get them into a position to achieve their goals, so be it. Not great to see short term but hopefully at the start of 2023 we should see more positive results from the bod and hopefully the CPR will be published:

“It is proposed that approximately 30% of the net proceeds of the Placing and Subscription will be applied towards activities in relation to the Chuditch PSC and will include:

· Finalising the interpretation of the reprocessed 3D seismic data;

· Reservoir Engineering and Environmental Impact Assessment studies;

· Publication of the CPR;

· Design and preparation for an appraisal well; and

· Continuing the Company's farmout campaign.”

Wonder if these are buys or sells?

15-Nov-22 08:04:57 0.12 25,000,000 Unknown* 30.00k O
15-Nov-22 09:04:54 0.122 210,313 Sell* 255.95 O
15-Nov-22 09:04:35 0.122 250,000 Sell* 305.25 O
15-Nov-22 09:04:07 0.122 399,713 Sell* 488.05 O
15-Nov-22 08:03:22 0.125 45,000,000 Unknown* 56.25k O