Member Info for vicjain

All is looking positive for Boil imo as we inch closer to big news. I do think big things are happening in the background and with the political situation settled we could get some very positive news anytime. It really is just a waiting game now and i do think people are loading up in preparation for a big move up in the sp. A positive RNS will see the sp rocket up imo so i'm just holding and waiting.

The reality is we still need fossil fuel energy mixed in with renewables and the UK has a resource on it's doorstep, that being from the North Sea. The UK cannot disregard this as it needs to have energy security from the home market and not rely on overseas energy. Hopefully a Labour government, if it ever does come into power will change it's stance and be more focused on home resources. Makes absolute strategic and logical sense imo.

I think the positive sentiment today is due to the positive stance from the UK government on drilling in the North Sea which is a big positive for Dunrobin. The rise in the sp is just for starters as people start to return and or top up. We are still waiting for the biggie, news on Chuditch. All falling into place now and this is just the start of the re rate from such a low level. The sp can race up very quickly as sentiment grows stronger.

A big boost for the Dunrobin prospect and we have the main event Chuditch getting ever closer. Not surprising to see the sp start to wake up finally. Just the start of the move back up and from a crazy low level.

It can get very difficult to stay the distance when waiting for a big turnaround. The sp has been on a downtrend for a long time but the wheels are turning, slowly but they are moving in the right direction. Many would have sold due to boredom or just fed up hence the very low sp. However big news is in the pipeline and it really is just a matter of time before the wheels start speeding up. For me it is a matter of just holding and waiting as i strongly believe a JV is due to happen and that is when the real action starts to kick in. News can drop anytime and will catch many out imo

In short, the pluses outway the minuses in a big way and those minuses will soon disappear. I do believe there is a high probability of a JV happening over the coming weeks/months and once news lands the sp will go ballistic. The present sp has little downside but way more upside so selling now is way too risky imo. Better just to hold and top up where possible. This will be worth many multiples of where we are now and not that much longer to wait imo

That was a big sell. I think it must be down to boredom but the present sp is so low now bearing in mind the assets here. Big news can come any time and trying to sell now to buy in lower is a big risk imo. each to their own. Well at least that big sell is now done and dusted and out of the way.

Assuming we don't get a straight buyout of Chuditch, it does seem logical that Boil will go down the JV route. If so then they may likely need to raise funds, At what price? could even be higher then the present sp. Either way, any placing, if it is used as part of a JV operation, will catapult the sp much higher imo. Also news of a JV will also boost the sp. So all in all, the future is looking good for Boil imo and with the sp at such a low level, i can only see a big upside from this level.

Assuming Boil get to the point of spudding, it should take around 30 days for the results of that drill from what Boil were saying. I think it is just a matter of a few months to spud and no doubt by then the sp will be way higher imo. There could still be a buyout of Chudditch before a drill from Boil so either way i feel it is a matter of a few months for a big pay day for shareholders. I am more of the opinion that the BOD are are prepared to drill and then sell up Chuditch assuming no buyout beforehand.

Agree stevemocal, Boil is an explorer not a producer and more than likely, imo, the Chuditch asset will be sold off way before full monetisation of the asset. Big players will have longer timescales and for them 5 years is nothing. For Boil, even if they go into the drilling stage, i expect a buyout soon after. The asset is clearly commercial from all the info we know, so soon enough shareholders will benefit in a big way. We just have to hold for a relatively short time for a massive pay day. Remember, the BOD are happy to sell Chuditch for the right price. It would be a nice retirement package for them as well.......

We always expect fireworks at such meetings, but no sensitive info can ever be given in such meetings. So no surprise there was no ground breking news as such. A generally competent meeting imo. Such sensitive info will always be RNS'd as is standard. To me, Boil will continue on the path of drilling Chuditch but if an offer does come in to buy out the resource then of course the ball game changes. Either way it makes good business sense to focus on drilling in the mean time.

As the BOD have already indicated they would be happy to sell Chuditch for the right price...makes it better all round for them, shareholders and the buyer of Chuditch.

In short a buyout of the Chuditch asset would be good for shareholders and the bod....after all the bod have said they are happy to sell for the right price....just wish they would hurry up and get on with it.

Agree, 6 mths extension does not mean it will take 6 months for a deal to be done...a deal whether a complete buyout of Chuditch or a JV could be announced anytime...this will rocket with a deal on Chuditch

Boil are happy to sell Chuditch for the right price so no need for them to drill if the right offer comes their way. The extension allows them the time to sort out a deal. The sp is at a rock bottom price and has way more upside than downside imo.

More positives than negatives yet the sp just falls....really can't figure out why the sp has been pushed down so far. Makes no sense to me. However the market has a way of forcing people to bail out thinking all is lost then boom things turn around for the better. The market is very good at crushing sentiment and then switching around when all seems lost. There will be a turning point at some point to the upside as things are falling into place imo. This will mutibag in a big way imo, but holding and waiting is not easy.

Boil is way oversold and with today's RNS, which is positive imo,....i do think the odds are now way more to the upside. The sp has had a big protracted drop with any good news being elusive over the last few months. I think positive news is very close now and no doubt people will be seeing a big opportunity to get in at such a bargain price. Still does feel like the sp is being held back but i do think the anchors are starting to come off the sp now.

Never expected the sp to get to this price. It has been on a downtrend for so long now. Are people now selling at a loss and giving up on Boil?....For me i would be buying at these levels if i had available funds as the downside must now be minimial imo but the upside could be way way higher with just a touch of good news. I do think we will get some positive news sooner rather than later and will just keep hold of what i have and buy some more if the opportunity arises.

Shell could easily buyout the Chuditch project at many multiples of where we are now and it still won't cost that much for Shell. The more i think about it, the more it makes big sense from Shell's point of view. A Shell deal could easily push the sp for Boil to 1p+ imo. Just a hint of a deal and the sp will rocket.

Does makes sense for Shell to have an interest in Chuditch by the looks of it.....Shell awash with cash and Chuditch fits their gas focused strategy and they already understand the Chuditch project....jigsaw pieces fitting together maybe???