Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The reason I'm surprised is that they've already tested the well and established the optimum rate, an announcement mid-April stated that production (albeit restricted) was supporting the results. This should have been a routine adjustment of choke to the previously established level and a reasonable period to confirm stability. It also doesn't help that PH stated over two weeks ago that the work programme would be announced 'shortly', I know on an operational level two weeks is nothing but in this market it's an eternity. PH has done brilliantly so far I just hope with the change of identity from steady and cautious to an accelerated work programme with the AIM addiction to issuing more and more shares he isn't slipping into the habit of over promising. Still confident.
Shedulike: A very balanced post - most here are fervent believers - and having bought in recently I clearly believe the narrative here too. However, it is indeed a simple truism that no news on AIM (especially O&G) is invariably treated by the market as potential bad news and used as a catalyst by MM's to mark a stock down - sadly, it's just how it is. Anybody who has been around AIM for more than five minutes knows this. BLOE need to get out the news asap - or the SP will simply be marked down on a daily basis until it is (and most buyers at this juncture are already in - so little by the way of major buying activity can be expected). New buyers (and many traders) will be on the side-lines waiting for that RNS to drop. GLA
IMO
No surprise!
They need to optimize the flow rate, that's why we have a 60-day permit to flare gas while finding the optimum rate.
Patience :)
I'm a little surprised that we haven't had confirmation of increased production rates by now. I have huge confidence in PH and would gladly swap my larger exposure to other AIM shares for my much smaller holding here but BLOE are going to have to buck the golden rule on AIM that delays are never, ever a portent of good news. Perhaps when they come we will know for certain that BLOE is a very different type of company (perhaps not to be on AIM for long). Until then PI's will continue to believe while the market will likely continue to mark it down.
Very well said Sgt Clumpet :))
GLA .
Ok I am the BB police lol,, come on guys this is a pretty good board no bickering please :)
It wont be a joke when you lose money buddy
Mike31 is a joke customer by the way, total joke and not to be taken seriously. a child. not that anyone would
know a trading range when I've seen one. have set buy at 10.9 got called clueless when I said this last week but lets see
Ajames, a serious question for you. If and when are we expecting the operational work for the gas? I think they only mentioned they might look into it if the oil goes well?
Also, any ideas the success ratio of the well. Sorry I dont remember these details as well as some people here but you are the most knowledgeable on this board imo
Hillbilly you may well be right, the well may be capable of 1400 bod but the long term sustainable rates will depend on how well the oil migrates within the geology and could take several weeks or longer to determine. The 60 day extended test permit duration may all be needed to establish this.
Yes guessing! Many guessed we would be 20p by now
Lucky I didnt listen and top up at 14p, all those traders that were ramping last week has disappeared
Learn to see who are the lths and who are the traders before finding your target
Guessing again then Mike . Well i'm guessing 1400 BPD on flow rates.
I have been reading this bb for quite some time now but I have not read anyone indicate the COS for the coming drills at WR1aZ and WR 30. Can anyone fill me in on this?
BLOE do not follow the good news RNS only on Mondays. Look back through the news it comes as and when. With Tuesdays and Thursdays being more common than Mondays iirc.
Once the dust settles, THEN...it is time to buy or top up which ever position you are in imo
I'd say mid week we will probably see the lowest, then up we go depending on news...
The 12p price today is simply a reaction to the 3,326,268 shares settlement of US$500,000 due to GOG for the final payment of $750,000 for the increase to 100%. These shares were issued at 11.99 , and quite often this awful AIM market shows scant regard for value , only driven by daily emotion and MM manipulation for profit .
There seems to be a very specific rule :
"IF there is any share issue the MM `s MUST hit that price -- Regardless "!
Bigboffer ~~~ Absolutely correct summary .
We will indeed `Get there` !
GL.
Thanks AJames for clarifying
Third RNS, whats all that about
thought it was 30days per spud AJW ?
To me it looks like everything is in place but still no upward movement in price. There are many reasons and thanks for replies. I fell that the final short term part of the equation will be the profits generated but the oil sales.
Sadly the market value of any company is not based on profit. Please have a look at Uber amongst many others. Its based on outlook / hope value / sentiment / support / long term and short term views / cash in the bank or amount of debt and a bit of wind behind it. BLOE could / should be valued at around 10 to 20 times its annual profit that is anticipated at present to be circa 12 million without the increase in its current output of one well. The one well could increase to around 25% increase in production so 15 million ish per annum is not a bad guess based on one well. On that basis the current mcap would be 150 to 300 million instead of the 40 million it currently sits at. When you factor in the other well about to go live it could be equally as good. Then there are another 2 wells and the gas not even thought of value wise. 25 million per year profit is not off the charts and that would value us at 250 million to half a billion without any gas factored in. The reason why we aren't a lot higher on the SP is for hundreds of reasons better known to AIM traders but will get there in the end.
Thanks , will look up .
The timescales for the next well was outlined in the last video from PH. If you haven’t watched it you should.