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Crabby couldn’t have put it better myself.
I’m all for balanced views but yours are ramp heavy on ifs and buts when things could go the other way. I hang around because I’m down from 14.5p and I may as well ride it out. Not out to cause arguments but equally don’t want to read crap with no foundation
well said! big boffer
Why stay here then Bill ? If you think the company are liars and out to deceive you and going down the pan, why would you risk staying here to lose more money ? Its not a prison you know, you are free to leave anytime. No-one told you the well was shut because it wasn't commercially operative at the time, its in testing mode and as such opens and closes as it sees fit, to test it. No-one told you about the water ingress until the 11th hour because there wasn't any until the 11th hour. 16a can clean up easily and noi doubt will. no-one promised 700 bopd, they said test results were excellent and a good outlook. I am balanced as I understand its a punt of lose everything or 10 bag plus and that's how I like it, its AIM, that's what AIM is. As for balanced views, you should try it instead of spouting negativity on here all day when the well is just as likely to clean up as it is shut down. Suck it up snowflake.
Bigboffer- I bet the company have answered your questions truthfully, just like they have in their many so called interviews? Just like they never told investors 16az had been shut? Just like nobody was told about the water ingress problem until the 11th hour?
And yes we know if the company had produced 700bopd nobody would be moaning, as that’s what the company promised. Stop stating the obvious and making stuff up all the time you idiot. The issue here is they promised something which they didn’t know they would be able to deliver not.
Stop talking out your a*** and try to add something constructive and balanced to the board.
Unlike you Bill I take the time to ask the company questions such as, have any of the 12mill placing investors flipped their shares or are they sticking with it. The answer is none flipped. They took in 12 mill and probably have at least half to two thirds of it left. As I said, no-one would be *****ing if 16a had gone to plan and pumping out 700 bopd. The summary is that 16a could easuily do that and more and another 3 wells to go and loads of gas. If yopu don't want to take the punt, why stay on here *****ing about it all day. Just sell up and don't risk losing more of your money. If the SP went to 25 pence you will still moan.
Bigboffer give the 12m a rest as you’re wrong each time. You still have no idea if those shares have been flipped so stop gobbling on. Funnily enough you said this was the best play on AIM back in the summer, but look where the sp is now?
As for the cash in bank if they get any more hiccups on any of the other wells then it will all be long gone one. Don’t forget they still do not generate any revenue.
Bill please give it a rest, you are full of it. Its quite clear to everyone that BLOE are fully funded with 12 million quid and the mcap isn't much more at present which values the oil and gas at zero. If BLOE hadn't experienced problems getting the oil out on the first welkl the SP would be mid twenties by now and awaiting the output from 38a which would take it up to a much higher figure. No-one knew there would be these initial issues. Stop *****ing about it, AIM is about massive gambling and a 10 pence ish entry price will easily see returns as long as they clean up 16a and carry on with the program. It was well liked by many investors including me as a great punt on the basis the oil and gas is in there, it needs getting out and city investors believe it can come out and backed it with 12 million quid. Why don't you just sit back and see how it plays out. In the next few weeks it could easily go back to high teens and everyone here knows it. As for people who say it cant be £1.00 per share, simply your wrong, it can very easily. If 16a cleans upto a few hundred barrels a day and 38a does the same along with the next 2 wells and some gas, £1.00 will be easy. If 16a cleans upto 500 bopd plus and 38 does similar and a great bago gas deal appears the sp will go off the scale. If you want easy shares then FTSE is your playground. If you want high risk, high stake, here it is.
Agree with you mike on that one. Gary was ramping this at those levels and now feels sorry for those of us who invested between 12-17p?
That should be a lesson for people not to follow the opinions of rampers on these forums depite how knowledgable they appear to be. Then you have AJames on the otherhand, who tries to give the impression he knows more than the rest, but in reality knows no more than the next man.
Anyway the only thing that can save this share is Paul Haywood getting his act together and stop ramping like others on this board and actually deliver some revenue and increase production. As a shareholder that is not much to ask.
" I feel very sorry for the PI's who bought in during the climb up from 12p to 17p"
Really? But it was you guys who were screaming buy. 20p coming etc
I wish you good luck and I for one would not call you out as a "de-ramper" because you have voiced a dim view of the company in general and the CEO (I believe), For what it is worth I have also considered leaving at various times as the SP has retraced from the high of 17p. Having been indecisive I am now in a position where I can only go on holding but I will de-risk my own holding at some point. Luckily - the money I have invested in here can be left for 2-3 years before I actually need to get any out - so I can wait. I feel very sorry for the PI's who bought in during the climb up from 12p to 17p as they are nursing large paper losses unless they have been able to lower their average. 75% profit is a good result but I can imagine the last 6 months have taken their toll on trust and confidence in the company.