Member Info for Starance

Taverham, I'm not so sure about that... i'd like this fiacso thoroughly investigated, considering the failure to pay it's tax... with that said, that is where the investment came from. With a payment holiday and then the audacity to ask for a loan. Don't forget, the creditors at the time withheld 100% of Flybe's bookings etc what was that figure (it was millions but how much?)

I’m not sure why... but my opinion is based on the politics of the area at that time and the maritime border dispute with Australia was sorted last year. So if I was to hazard a guess that’s most likely why.

K1ngRapt0r, no... you have not. It looks like it but it's only a loss if you sell. Hold it out, unless you were looking for some quick get rich now, then... sorry, but you missed that boat. As I said, wait it out and just dont come back to these boards for a few weeks.

mannnan, don't you have a life? It seems you have nothing but negativity to offer.

Well, there is value, and I believe the board are exploring all options... so as a long long long term holder, i'll continue to hold and top up.

gkb47, he said he's sold some and held the rest for another day. As you know, the momentum isn't going to keep going without any news.

Ive topped up here.

www.bbc.co.uk/news/business-51453196#

The company said on Sunday that "the airline is being supported by its shareholders and leading suppliers, is managing its cash position carefully and currently has strong liquidity"

That is beyond laughable.

I should top up to be honest.

I hope this is a turning point, after all, we've both been here for years. Yes, if it was in their hands but Baron still has that legal right... better than nothing.

Reggie, I understand the long long wait with this company... but surely you see the potential upside with this Chuditch field. I've had a little read about the Timor Leste government etc they're eager for production of oil & gas, very eager. So yes, it may be 1 - 3 years but also likely someone will come in and want it sooner.

I have no idea but, as stated before, it’s likely that it will be sold on... I don’t believe anytime soon (it’s possible) as they want to do their own research 1-3 years.

Again, the government of Timor Leste is in need of funds, and dominance, hence Shell and Conoco selling their stakes for over $600million leaving the operate Woodside left, it’s interest of 33%. This was the Greater Sunrise Field 50km from Chuditch. Chuditch field is worth around $3 billion. Greater Sunrise is significantly more $50 billion. Why did Shell and Conoco sell their stake? Because the Timor Leste government wanted a pipeline direct to Timor Leste.

Dsc1978, no... that is far off, far. Please give us the breakdown. You have any idea what that field is worth based on real recoverable estimates? A lot more than your high B/O of 3p! You could be waiting weeks, months or years ... who knows.

On another comment somewhere, Timor Leste has a stable political government, and its eager, very eager to commercialise fields within its boundaries, especially since coming to an agreement with Australia last year.

Jedi, no idea... it could continue on a upward trend, or drift back down to a steady level. If the company does release RNS in regards to interest or whatever, then well... who knows.

This part of the RNS should raise eyebrows "Much has changed in Timor-Leste since the late 1990's, including the declaration of independence in 2002 and ratification of the Maritime Boundary treaty with Australia in 2019. In addition, gas markets have grown tremendously in Asia Pacific and, in the Timor Sea region, gas infrastructure and associated LNG facilities have been established."
End of story.

If it's long run, it may not be next week... but, if this is managed well by the board, it'll be bought out by a corporation.

dnd, if people want to day trade on this or whatever fine... but Baron Oil are undervalued, and like Nautical Petroleum... will hit it. I missed that all thanks to me taken my holding out and putting in to banks - not this time.

because someone(s) are buying this.

someone has built a holding, a no rns...? were the rules changed on that or something.

Ther0x, no harm taken something... but some of these leeches are just wanting to get in lower.