We would love to hear your thoughts about our site and services, please take our survey 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.
So what's happening in the background with the price frozen ? Maybe a long awaited RNS update is due today hopefully with some good news.
We can do without anymore TR1 sells with no explanation behind them.
Don't know about a punt in the dark, I would have said a thrilling punt!
A rollercoaster or a Lamborghini? Loool
A couple of people commented yesterday was like a roller coaster ride. To me it was the hall of smoke and mirrors. I thought one thing only for it to be the polar opposite, it was a total cluster ****. Just goes to show that I've really no idea what I'm doing and rather than this being an educated punt its a punt in the dark.
Thrilling innit.
BYOF.
Wait for the next TR1 saying a increased holding..lol.
I hope you guys are right and it was a large buy as we deserve some good news even if it ain't coming from the company yet.
Thanks hepseal! I feel step by step it's coming together. Looking forward to news on 16, update on 38 , latest from 51, gas infrastructure, 3d results, next well to be drilled.... Mmmm plenty coming up in the short, medium and long term! Bring on tomorrow!
Bobbyrash - your excellent post @ 17.59 re the Gas is the way I see it - Good also to see the photo's of the Gas processing equipment on Bloe twitter - The last RNS three weeks ago said the Bago works had started and we now know that the Gas processing equipment is on its way so I would hope that monetisation of gas from the three wells during or by the end of Q2 is now feasible. Also in Q2 / Q3 I assume we will be drilling a 4th and 5th well, informed by the 3D seismic, and with the knowledge the gas infrastructure is already in place.
Off topic . Anotherlambo, have you already got one?? Lol
Why build the infrastructure if there is no big Gas or Oil?
I hold this stock and i think this is THE BEST TIME TO BUY and hold. Next time this stock will not come down to 4p again. Do your homework before you buy. If you listen to people here then you will sell and never make big money!
9 Mil @£370K... Lovely jubbly then, someones in the know for sure! Bring on the morn!
Definate buy ... so what can we expect tomorrow.....??
370 :-)
And at 9:10 am that £360 k was a BUY!
Just something to consider now. Sound energy made a big discovery in summer 2016 (as many will be aware) and ok drilled a few dusters after that, and here we are nearly 4 years later and they still don't have a route to monetise that gas. No revenue, cash burn each and every month. And we know where the company are at now. One thing I realise from Bloe (which I think others forget sometimes) is that we are already creating revenue from these first few wells and we all hope it will increase with the next few. We seem to have had the pleasant problem of producing more gas than maybe at first was anticipated. Therefore the need to monetise the gas has arisen a bit quicker than maybe was the original plan. Oil will produce some nice revenue and we all hope the gas will be the making of Block energy! Therefore the current operations to monetise the gas from current and future wells has to be commended in my opinion. There is a lot going on on the ground and I'm sure very soon we will be updated with progress! If things go to plan then I believe the foundations of a very successful company are being built. But we all know it's never quick enough for us pi's. :-) as SOU have found out, gas in the ground is near useless without a means to monetise it!
Me too Bobby. Storm in a T cup. Just imagine if BLOE actually announce progress with just mediocre success such as 16a now fixed and pumping 300 bopd, well 2 doing the same, next 2 wells anticipated the same, gas extraction commenced on a low level. Overall just profits of around a million a month to start with until success arrives along with only around 10 mill in the bank so a measly MCAP of about 50 million on a PE ratio of 5 or 100 million on a PE ratio of 10 until real good news arrives. Sub 10 pence will start to look really cheap then, hence why solo directors are here at 7 pence and city here with 12 million at 11 pence average. Keep watching folks. Just games at the moment.
What a crazy rollercoaster day! It makes no difference if you are holding for 30p upwards ;-)
What a rollercoaster of a day this has been!
Lat trade 4.25p ..... thats up at least.... remember some one did buy Amati's holding whether several punters over a few days or just one ....normally i would have thought that when someone sells a large tranche of shares it would be notified as per a RNS ... but this was shown this morning first as a trade with a price attached and then came out and only then as a RNS.... CORRECT ME IF I'M WRONG BUT ITS A BIT STRANGE ?????
Big Boffer - totally agree - as I said last week you have only got to look at Alastair Ferguson's cv on linkedin to know that he knows whats what!
Last week they updated the shareholders page dated the 13th Feb but left the significant shareholders section on the 7th Feb indicating that based on past late updates there was something in the waiting to be declared.To me the TR1 may have been released today however I bet its been waiting on the sidelines probably until the 2 twitter photos we ready for release to wet the appetites of PIs .
I think the actual question that really matters is why did Amati sell at all. If the new Damian is any better than the old Justin, he should really be answering this before its even a question. It may be that Amatis entire investment strategy was to sell down periodically but as Damian has gone into silent mode we dont know. My guess is that they always planned to reduce their holding but thats just me. What I do know is that companies with about 10 mill in the bank and oil over about 5 sites, gas aglaore and gas contracts signed shouldnt be bothered about investors reducing their holding by circa 2 %. If Amati were that concerned, they would of sold the lot. Simples. Storm in a T cup as always. Did the Solo directors sell up ? Nope.
Just a question, why are posters saying the shareholder list was updated late, surely Block would not be able to update list before Amati issued the TR1??
Extract from TR1 posted at 13.04 today
5. Date on which the threshold was crossed or reached:
17/02/2020
6. Date on which issuer notified (DD/MM/YYYY):
17/02/2020
Ffs making fools of us today
Stick a pin in what's going on here..
Just as likely to go to 6p as 3p