Posted by alone > 2017-02-28 18:54 | Report Abuse

708.738078 kilograms Gold... Is oklah

Posted by skyrocket > 2017-02-28 19:58 | Report Abuse

Good news. Thank you for update us!

Posted by invest101 > 2017-02-28 21:11 | Report Abuse

feel gud

Posted by Mikiyo > 2017-02-28 21:16 | Report Abuse

omg....please go up. haha

Posted by Pakandak Andak > 2017-02-28 22:05 | Report Abuse

Looking for better bonus for shre holders. .

Posted by nich0las > 2017-02-28 23:18 | Report Abuse

Ya, good news. The Gold price just like this ---> https://www.youtube.com/watch?v=hlv672jqbtE

Posted by chan9301 > 2017-03-01 00:15 | Report Abuse

NEO OIL BERHAD(Co. No. 121919-H)

ANNOUNCEMENT –MINERAL RESOURCES AND ORE RESERVES REPORT ON THE
ON-GOING PHASE 2 OF BUKIT IBAM GOLD PROSPECT
______________________________________________________________________________________

Borneo Oil Berhad is pleased to announce that the Drill Result of the on-going phase 2 carried out by its wholly owned subsidiary, Borneo Oil & Gas Corporation Sdn. Bhd, had identified additional gold mineralization at depth at Bukit Ibam – intercepted 8.3 metres with weighted average gold grade of 2.68g/t, including high grade zone of one meter with 19.2g/t gold and 14 meters averaging 1.39g/t gold.

This announcement is made as a follow-up to the previous one made on 19th July 2016.
The on-going 3,500-meter Phase 2 preliminary diamond drilling results at Bukit Ibam has proven the down-dip continuation of surface gold mineralization intercepted by shallow trenches as mentioned in the July 2016 announcement. The surface mineralization seems to continue at depths of around 70 meters as proven by some of the current Phase 2 diamond holes. Most notable of the holes drilled are BMD28 and BMD29, located around 30 meters apart north-south, that have both intercepted significant and continuous gold mineralization along strike and dip as shown in section view of Figure 1. BMD28 intercepted 8.3meters with weighted average gold grade of 2.68g/t, including high grade zone of one meter with 19.2g/t gold. Hole BMD29 intercepted 14 meters averaging 1.39g/t gold with enriched 3.7-meter zone having 3.16g/t gold average. Both intercepts confirmed the 30-meter strike continuity and 70-meter down-dip continuity from the surface by trench 8E.
These mineralized intercepts are hosted by sericite altered fine-grained volcanic and bounded by the altered/sheared meta-sediments (shale) at hanging wall & footwall. Quartz vein mineralization with randomly oriented dilatational form is associated with quartz-stock workings in the volcanic, suggesting hydraulic fracturing by an intrusive somewhere at depth. Other holes drilled earlier with similar intercepts are aligned in a north-south trend, listed in table below.
Another hole BMD06 which intercepted 5 meters of 1.86g/t gold from depths of 26 to 31 meters is located 300 meters south of holes BMD028 & BMD029. It is located at the middle of the north-south trend with shallow intercept, Figure 1, and was also collared within the zones where previous trenches have proven low-grade gold mineralization or shallow oxide ore which is often amenable to free-digging mining method. Other holes with low gold intercepts of less than half a gram gold are mostly shallow, suggesting possible higher gold grade at depth for further follow-up drilling.

Posted by chan9301 > 2017-03-01 00:17 | Report Abuse

The trenches around the north-south trend have also consistently defined a roughly 600-meter long by 300-meter wide zone. Bordering around this main zone are smaller satellite zones that has overall estimated total shallow ore resource potential of up to 25,000 ounces gold. Below this shallow ore zone is a hard-rock ore proven by the two notable holes that may also extend even deeper as numerous tabular (fissure) ore bodies, shown in Figure 1 as the Bukit Ibam’s schematic geological setting, that could at least double the estimated shallow oxide ore resource potential.
Phase 2 drilling meterage to date is 2,188.7meters with last hole BMD31 pending assay result. Further drilling to prove the hard-rock resource continuities at depth and along strike is on-going, and hopes to delineate additional resource which can be presented under the accepted industry standards. Another announcement on the completion and results of the on-going exploration works will follow.
The above report was approved by the Company’s Chief Geologist Dr. Zakaria Endut who is a qualified geologist holding a Doctorate from University Malaya and with a Bachelor Degree in Geology from University Kebangsaan Malaysia, with the assistance of external consultants under stringent industry practice standards. Presently he is the Chairman of the Economic Geology Working Group, Geological Society of Malaysia.

Posted by nich0las > 2017-03-01 00:17 | Report Abuse

Is bornoil drill Diamond too? Wow! if yes then need to invest few diamond into bornoil. haha

Posted by chan9301 > 2017-03-01 00:30 | Report Abuse

As per above repors.....potential 25,000 Oz (surrounding areas) X 1,152.15usd = usd28.8M??? Less cost of mining?????

Posted by chan9301 > 2017-03-01 00:41 | Report Abuse

Big gold veins discovered and with HIGH price of gold denominated in USD and Competitive Cost of Gold extraction (Ringgit). Bingo. !

Posted by RX350 > 2017-03-01 11:53 | Report Abuse

happy holding!!

Posted by Mikiyo > 2017-03-01 12:07 | Report Abuse

please go up.

Posted by Lanesra > 2017-03-01 12:17 | Report Abuse

tempting hmm

Posted by OngLai88 > 2017-03-01 12:18 | Report Abuse

Lot of news but share price up not fast enough. Many investors waiting for many many many months for it to hit 0.20 - 0.25

Posted by chan9301 > 2017-03-01 12:29 | Report Abuse

Anytime soon ! Too fast may trigger UMA. With catalysts of reported large potential gold deposits , FY in Mar 17, recent high volume traded, shares buy backs and in stream of new businesses (bauxite n limestones). Slowly but surely it inches up. All these timings are perfect . Patience another 30 days or so. Cheerio.

Posted by OngLai88 > 2017-03-01 12:33 | Report Abuse

Yes still waiting after more than 12 months. Hope it comes soon otherwise have to look for other gold mine. Cheers !!!

Posted by joseph2321 > 2017-03-01 12:44 | Report Abuse

Slow

Posted by bwulf > 2017-03-01 12:52 | Report Abuse

testing new high

Posted by Pakandak Andak > 2017-03-01 12:55 | Report Abuse

Be positive. .

Posted by Lanesra > 2017-03-01 14:48 | Report Abuse

when is their qr? end of this month?

Posted by OngLai88 > 2017-03-01 15:50 | Report Abuse

Please push warrants up to new high

Posted by Godfather007 > 2017-03-01 15:51 | Report Abuse

today 0.185?

Posted by OngLai88 > 2017-03-01 15:54 | Report Abuse

Today can break 0.185. Bornoil competing with DNEX-WD. Must not lose face.

Posted by Mikiyo > 2017-03-01 15:59 | Report Abuse

please close 18.5 buyer. i need it for a breakout in my chart system

Posted by nich0las > 2017-03-01 16:02 | Report Abuse

Wah! Bornoil add oil liao...! Pls go for 30cent

Posted by joseph2321 > 2017-03-01 16:03 | Report Abuse

Expected 0.20 close today

Posted by OngLai88 > 2017-03-01 16:12 | Report Abuse

Not enough vroom power to get close to 0.20, DNEX-WD is zooming in first

Posted by Godfather007 > 2017-03-01 16:18 | Report Abuse

Apa sudah jadi? 0.175 back?

Posted by nich0las > 2017-03-01 16:21 | Report Abuse

Born oil tak makam vigra kah. Haha..

Posted by fl888 > 2017-03-01 16:25 | Report Abuse

How can Borneo loose to DNexWA ?

Posted by faralenz77 > 2017-03-01 16:25 | Report Abuse

no power

Posted by dinaffin > 2017-03-01 16:27 | Report Abuse

tons of gold found also dont want to fly...how?

Posted by skyrocket > 2017-03-01 16:29 | Report Abuse

I think gold inventory + reserves is more than its current market cap

Posted by Godfather007 > 2017-03-01 16:33 | Report Abuse

Just found the gold. So the gold need some polishing. Once polished then see the price.

Posted by OngLai88 > 2017-03-01 16:46 | Report Abuse

Maybe tomorrow fly higher. Keep faith

Posted by chan9301 > 2017-03-01 16:46 | Report Abuse

There are few camps of stockists out there in Bursa trying to outsmart each other to earn as much profit for their employers who in return reward the stockists by performances based. So it had to take as many trading days to digest the sellers at each new levels of 18sen , 19sen...........Nn. Sabar Sabar.

Posted by john12 > 2017-03-01 17:46 | Report Abuse

Mr Char1234, tomorrow i dont know up or down, but today mother hit 0.185, son hit 0.11, tq that u wish me good dream, i sold some wc at 0.105 (bought 0.9 )that q this morning, will buy back if wc drop below 0.95, of course i prefer up cox i just sold minority, still holding majorities, mother share still hodling tight till now. with bornoil, i always have good dream, even recession heppent, bornoil shareholder will hit jackpot ! because ur wish to bornoil shareholder sweet dream, tonight we all have sweetdream, tq so much ya, bro

Posted by bonus2016 > 2017-03-01 17:54 | Report Abuse

hahaha, well say john12, lets hope tomorrow will soar and roket up ! By the way, QR still 20+days to go, if now up slowly like Woodswater say so, March will be our month, will be bornoil month !

Posted by Erica > 2017-03-01 17:59 | Report Abuse

yeah..yeah....bornoil month

Posted by faralenz77 > 2017-03-01 20:04 | Report Abuse

Cant believe tomorrow will go up much

Posted by Eric_B8B > 2017-03-01 20:18 | Report Abuse

Insider news :

tomorrow bornoil will hit 20.5 cents

Posted by funda > 2017-03-01 21:07 | Report Abuse

another attempt to break 20cent :)

Posted by HowAh > 2017-03-01 21:11 | Report Abuse

U fortune teller?

Posted by RX350 > 2017-03-01 21:12 | Report Abuse

today already touch 0.185, great!

Posted by bonus2016 > 2017-03-01 21:27 | Report Abuse

Funda, long time no see, lets see bornoil can break 0.20 in March or not, good opportunity !

Posted by kahsoon888 > 2017-03-01 23:09 | Report Abuse

Ericb8b if tmr break 0.20 I treat you a lunch, but nope I will call u sohai

Posted by Jiaseng Loh > 2017-03-01 23:19 | Report Abuse

A good company for me, time will prove it

Posted by faralenz77 > 2017-03-02 09:53 | Report Abuse

why drop???

Posted by funda > 2017-03-02 10:04 | Report Abuse

yeah bro bonus, very busy lately..no time to blow water here already...haha