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Email response…
Hi Rob
We do not believe this has any negative impact whatsoever. Chuditch is not in Australian waters and does not have any of the same issues. Personally I think it may even be a positive for Chuditch given Santos have the infrastructure that needs to be supplied, one of the many potential routes to market for Chuditch gas as previously outlined.
Best regards
Tim
Posted on the telegram group.
The good news now santos may have 3.8billion war chest to want to spend
They need chuditch to get to production to feed the Co2 to the carbon capture
Chuditch is placed in the perfect location in the Timor leste maritime boundary.
The reason for the barossa coming into a fight is because they are running a pipeline very close to the tiwi island and also drilling close by. They did not get the convent from the island to do so.
Wonder what eni are going to do with the spare 3.6billion they may have ;)
Perfect storm is most certainly brewing.
GLA RB
im just aiming for over 1p how ever long it takes. I dont care for anyone elses SP targets as most of them are nonsense.
Set your goals yourself and stick to them.
me you and every tom and harry dont know where this will be in the next 3 months.
They have alot lined up for news flow and for the 2 assets we have its very undervalued.
Happy to wait it out as i have done all year. I added a few more mil today on the drop so takes me to 146mil
Its funny how all the doom and gloomers come out when its consolidating haven't heard anything for the last few days.
Anyways take it easy guys.
Alvernikov i work in the O&G and have been on many new build for platforms and FPSO's
I have been on the GLen Lyon FPSO clar ridge platform and the kraken FPSO and thats just in latest years in regards to cost not one of these projects came in under 2 Billion
and regards to cost the major companies like shell BP etc will be shelling out these costs so does not affect Baron in the slightest. Also lead time is around 2 years for most projects longer if more complex and complicated
.
The Shell prelude was a total mess from the start but they seem to have nailed the technology now to be going forward with it.
Everything to do with O&G is hugely expensive but if little old baron can get 30-35% of 4.5-6.5Tcf were not doing that bad for a 15mil Mcap company are we?
I see all the doom and gloom guys are out today. seem to have come out your shell. We moved over 50% in 5 days a healthy correction is always needed to move up to the next level. Q4 news will transform this company and SP GLA
RB
Congrats on making some money on angs.
And welcome back to boil
Agree this is one of the best BB out there. Let’s hope it doesn’t get filled with idiots as it gets more popular.
Anyways great rise todays looks like investors are starting to realise that baron have some truly huge potential.
.155 to break and then the breaks will really be off.
With 8 trading days till q4 is see this momentum continuing.
17mil Mcap for 2 multi billion $ assets I would say it’s great value.
Looking forward to all the news in the next 3 months then getting the revised broker valuations!
GLA RB
nice start to the week. Less and less beer tokens money getting traded. and big buys mopping it up .
Early on a £30k buy printed 0.1189.. looking great guys.
8.5 trading days till Q4.
I have traded many shares all for one reason to build my boil holding. Some haven’t worked out some have made me good money.
Now I don’t hold any shares apart from boil.
I traded boil last year but I’ve been building a big pot here since the start of the year. Haven’t sold any just been mass accumulating in the 7’s
I added on Friday on open then a few mil at 0.095
This BB has always been decent just have the odd nugget turn up haha
Just set your own target and keep to it. We’re all here to make some cash…we should make some decent money here short med and long term.
See you 8am sharp. GLA
RB
You will do well and im glad your in profit. You should always make a plan before executing any trade.
Take profits and ride the winners.
I didnt start with much learnt how to chart and still learning.
Blew up my account from spreadbetting twice and now got the mother of all spreadbets on baron oil.
Im going to clean IG out!
Moral of the story dont spreadbet unless you can chart and head screwed on and also never give up. If you fail or take a loss have a abit of time out learn charting come back stronger!
Everyone has to start from some where. making profits and protecting capital is key!
Hope everyone is having a great extended weekend.
What a buzz around baron oil this weekend. Telegram groups , ADVFN and Twitter all super bullish. Many will be trying to build a position come tomorrow.
This share has been one of the boring ones but what a gift to be able to gain such a big holding at these prices.
Next year when we sink this drill this will be close if not over 1p.
Once we get the results for chuditch which will be over 4.5Tcf and results for dunrobin then the JV lands will considerably de-risk this and I fully expect the new broker valuation to be over .8p
There will always be trader for the 10-30% but us LTH who have done many many hours of homework know the really huge gains are life changing!
GLA boilers
RB
Just imagine that. I suppose they know it very well haha!
My bets are on Eni or Santos or both!
https://www.eni.com/en-IT/media/press-release/2021/04/eni-santos-sign-memorandum.html
“Eni and Santos sign a memorandum of understanding on cooperation in northern Australia and Timor-Leste“
I wonder who will make baron oil an offer for JV eni or santos or both ;)
Eni has recently launched a new strategy, which will lead the company to be carbon neutral by 2050 in all its operations, processes and products. In the long term, gas – which will be increasingly decarbonised – will represent more than 90% of Eni’s production
They are actively seeking new opportunities in the Timor leste area. I wonder if they could be interested in a huge gas field with over 5Tcf? ;)
You can never tell if they are a buy or sell apart from going on price action. We had a 69mil and now a 80mil we also had a 50mil buy on wed.
We have done 17.14% and ended on the daily high. I would say we may have a large buyer!
Not a shabby 25% rise for the week.
Q4 news :-
-Chuditch 3d results - with upgraded reserves drill locations and offtake plans
-live webinair presentation on chuditch
-Jv to be announced. Should be not long scree results.
-Dunrobin 3D results
-drill or drop by December- already said they are drilling next year
-upgraded broker ratings with upgraded resources.
Broker rating should be minimum of .79p with 4.5Tcf as a minimum resource.
GLA the journey has only just begun! RB
skim a profit haha remember pints have gone up with inflation so may need a few extra £.
Ive added a few more. that gives me 144mil 1% of Baron oil. See you at 1p
RB
Afternoon boilers.
Made my final top up first thing today. higher than I wanted but that’s me fully loaded with 140mil.
Been here for some time now adding when I can.
I see this building making higher highs. Only got 9 trading days left till Q4 news flow!
Let the beer tokens out I’ll be holding till this makes me a millionaire and I have high expectations that will happen to what time scale I don’t care.
I work in the O&G and have done for nearly 15 years.
I know exactly what we have here is something incredible. Especially for the Mcap we are.
We have seen over the last few weeks baron oil and sundagas getting lots more coverage.
It’s like from Andy’s last interview the other day “looking forward to getting chuditch drilled and developed for gas” very strong statement by the main guy on where this is going!
GLA guys and ignore the beer token traders trying to dampen down this. Only way this is going is multibagger heaven!!!
RB
That’s me fully out of UJO now. Sold a large chunk yesterday and on open today. Invested the lot into EOG for the run up to the drill. Hopefully double money there then see where UJO is when I have cashed out there. GLA
i think i may have timed my EOG perfectly. up 9% . compound them gains!! GLA
Profits then will will be adding more again here.
greed and unrealistic targets set by investors are their downfalls. watching profits erode away is the worst feeling. Protecting capital is king and re-investing in undervalued stocks is the way forward. Set take profit targets stick to them. Thats exactly what i did here. re-invested in eog and already in profit with them. once 50% slice and move to the next one. Its all about compounding your pot of gold!
Its all about taking profits. I sold a big chunk on open and bought EOG half the mcap of UJO and EDR. looks like the seller has gone so should move freely past 3p again. with serenity spud at the weekend i see bigger gains over there.
Still have 40% of my holding here for long term.
GL
0.0974 UT- 21.8% up nicely.
https://tech.hindustantimes.com/tech/news/china-ev-sales-to-hit-a-record-6-million-this-year-forecast-71660023698058.html
China is ramping up production to 6million cars this year.
Forecasts say they only have enough lithium to make 14 million cars in 2023. The real scramble and realisation that there is going to be a huge deficit in lithium.
https://www.reuters.com/business/autos-transportation/enough-nickel-lithium-14-mln-evs-2023-european-climate-group-2022-05-02/
https://stockhead.com.au/resources/eye-on-lithium-even-if-every-lithium-project-comes-online-we-could-still-have-a-2-million-tonne-deficit-by-2030-sp-says/
Prem is perfectly positioned to take full advantage of this perfect storm ahead.
GLA RB1