BOIL Unofficial

The latest news, brought to you by the shareholders of Baron Oil.

AIM:BOIL | AQSE:BOIL .GB.PL

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#BOIL | @BaronOilplc

***Announcement***

As we move into 2023/Q4, we would like to announce our Terms of Reference so that it is clear to our followers, what they can expect from us during the business week.

[BOIL Unofficial @BOIL_Unofficial]

LSE:BOIL | AQSE:https://t.co/QaxZAMKtCE #BOIL |
@BaronOilplc

Dr Andy Butler, CEO of Baron Oil PLC gives a second directors interview, this time with @proactive_UK

https://t.co/I28bw2FHAT

[BOIL Unofficial @BOIL_Unofficial]

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@BaronOilplc

Dr Andy Butler, CEO of Baron Oil PLC gives a second directors interview, this time with @proactive_UK

https://t.co/I28bw2FHAT

[BOIL Unofficial @BOIL_Unofficial]

LSE:BOIL | AQSE:https://t.co/QaxZAMKtCE
#BOIL | @BaronOilplc

🚨 RNS Released

- Chuditch Update
- CEO Interview

https://t.co/5cmnsVXNFe

[BOIL Unofficial @BOIL_Unofficial]

#BOIL

Baron is:

"currently party to other Farm-Out and funding discussions" 

Baron anticipates:

"Completion of drill funding and securing a rig slot in the second quarter of 2024"

[BOIL Unofficial @BOIL_Unofficial]

#BOIL

🔹️AI deployed to assist in appraisal well selection

🔹️Target areas where the high quality reservoir interval in Chuditch-1 is preserved. Opening up a 133m target gas column at Chuditch-2 vs 30m Chuditch-1 Discovery

🔹️Pmean Contingent 1.1TCF/Prospective 3.3TCF

[BOIL Unofficial @BOIL_Unofficial]

#BOIL

**Chuditch a significant, LNG-scale discovery, moving to appraisal drilling**

✅ Pmean Contingent 1.1 TCF/ Prospective 2.1 TCF / PSC 3.3 TCF >5 TCF (1 Billion BOE)
✅ C-2 targeting 133m gas column
✅ Advanced partner & rig discussions

Current mkt cap £14m/cash £6.5m-£7m

[BOIL Unofficial @BOIL_Unofficial]

#BOIL Andy Butler appointed CEO, former VP at Mitra Energy now Jadestone Energy PLC (£128m)

"Farmed down or sold 9 assets to players including Total, GS Energy and Talisman, securing carries on 8 wells, 5 seismic campaigns and >US$250mm of gross spend."
https://t.co/IK21UBllHE

[BOIL Unofficial @BOIL_Unofficial]

#BOIL Chuditch Location: Planned Appraisal Well Summary:

✅ Drilling to total depth (3,020m) estimated to take c.21 days,
with a further c.15 days for logging and testing (DST)

✅ Increased gas column predicted 133m (vs. 30m)

[BOIL Unofficial @BOIL_Unofficial]

LSE:BOIL | AQSE:BOIL .GB.PL #BOIL |
@BaronOilplc

🚨 RNS - Changes to Board of Directors

The shareholders of BOIL_Unofficial would like to officially congratulate Dr Andy Butler on his new appointment as CEO of Baron Oil plc.

https://t.co/NYesWKizkx

[BOIL Unofficial @BOIL_Unofficial]

#BOIL

✅ 3D & CPR - Pmean Contingent 1.1TCF/ Prospective 2.1TCF / PSC 3.3TCF upside >5TCF

✅ Completion of drill funding and securing a rig slot in the second quarter of 2024

[BOIL Unofficial @BOIL_Unofficial]

#BOIL

𝐌𝐢𝐧𝐢𝐬𝐭𝐞𝐫 𝐨𝐟 𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐚𝐧𝐝 𝐌𝐢𝐧𝐞𝐫𝐚𝐥 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐖𝐞𝐥𝐜𝐨𝐦𝐞𝐬 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐓𝐚𝐥𝐤𝐬 𝐰𝐢𝐭𝐡 𝐒𝐇𝐁𝐊 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐇𝐨𝐥𝐝𝐢𝐧𝐠 𝐆𝐫𝐨𝐮𝐩

[Sunda Energy Plc @SundaEnergy]

🕕 Time: 6pm Perth time (10am UK time)
📺 The event will be streamed live on the ANP Facebook page.

#AOGEnergy #TimorLeste #ExtractiveIndustries #PanelDiscussion #ANP #PerthEvent #BaronOilPlc #OilandGas #EnergySector #Exploration #Production #BaronUpdates #BaronOil #BOIL

[Sunda Energy Plc @SundaEnergy]

2. and the President of ANP, Gualdino da Silva, and joining a panel discussion covering extractive industries development in Timor-Leste.  The event starts at 6pm Perth time (10am in the UK) and is expected to be streamed live on the ANP Facebook page.

[Sunda Energy Plc @SundaEnergy]

1. We are pleased Andy Butler, Director Asia Pacific, will be attending an event tomorrow (14th), as part of AOG Energy in Perth, hosted by HE Francisco da Costa Monteiro, Minister of Petroleum & Mineral Resources Timor-Leste

[BOIL Unofficial @BOIL_Unofficial]

#BOIL Q2 🗓

⚡The Board anticipates the following key milestone:

✅ Completion of drill funding and securing a rig slot in the second quarter of 2024

[BOIL Unofficial @BOIL_Unofficial]

#BOIL

SundaGas Banda Unipessoal, a wholly-owned subsidiary of Baron Oil, has entered into contracts to conduct a survey at the planned drilling location for the Chuditch-2 appraisal well

https://t.co/PuZ81xno1u

[BOIL Unofficial @BOIL_Unofficial]

#BOIL

"valuation for the Chuditch project unchanged at US$190m. This assumes a farm-down in Baron’s interest from 60% to 30%...Based on 25.51bn shares outstanding post Feb 15, 2024 raise, the risked valuation is 0.595p/share"

"success case Chuditch valuation remains at US$683m"

[BOIL Unofficial @BOIL_Unofficial]

#BOIL

Planned Appraisal well objectives:

✅ Target >100m gas column (vs. 30m at Chuditch-1)
✅ Perform production flow test (DST)

Baron published an independent CPR Pmean Contingent 1.1TCF/ Prospective 2.1TCF / PSC 3.3TCF upside >5TCF

[BOIL Unofficial @BOIL_Unofficial]

#BOIL

"The Directors consider that the Farm-Up is a significant step towards drill funding, as it demonstrates government financial commitment to Chuditch and provides technical and commercial validation....the Farm-Up allows for early engagement to secure a drilling slot"

[BOIL Unofficial @BOIL_Unofficial]

#BOIL 🏗

"discussions are underway to secure a rig slot"

"Funds are expected to be applied principally towards a rig deposit, the drilling project team, a site survey, certain long lead items"