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.
There's no doubt this is being held here and it's one of the most frustrating things about small caps. If the sentiment was downward then the buy would have dropped beneath 3p. Manipulation really at the end of the day and all of PH's making, can add it to the list of his bad decisions. You will get your chance @3p the only way this share price is moving is if there's a huge influx of buyers or a sell off, expect this to remain static for the next 2 weeks at least, what will the FCA do about it... Diddly squat. The ones who've been cheated are the ones who have sold under 3p. Sit tight and see if this will be allowed to be traded fairly soon GLA.
And of course we have been adding to the oil inventory from BK10 since the end of November. - If we have not sold any oil since than we would be approaching 50,000 BoO in inventory but I guess we probably have sold some.
Let's wait and see Geo you may be right or wrong, current production figures are 940 boepd generating around $1m a month, £5m in the bank and 29,000bopd in inventory ready to sell netting Bloe around $1m. March should be the last of the employee share placements with any luck.
Next two wells are targeting 550bopd.
Good risk/reward at 3p
MP
To make money ( break even) production will need to stay above 200bopd at least for a year. Assume $40 net back per bbl once opex is accounted for then 200 bopd generates about $2.9 mm which should pay salaries, office costs etc. Doesn’t pay back drilling spend though. It’s going to be a challenge.
Hold and wait guys !
We are making money so has to rerate at some point.
Linked to strength of sterling? Not sure but surely we turn a corner soon, this is crazy
Strange no pattern of any sellers from the raise , todays just very random numbers and no logic.
So on that basis we had no sellers except random PI
No logic for this ? unless anyone else can explain
Let's hope they produce as expected ;-)
The DOW is about to hit 32000 and oil is raging away at $66.30. If the next wells produces even half of what is expected this company will become a cash printing machine.
Dyor.
MP
I think any mention of a cash raise from PH would result in him immediately leaving the building, preferably via the window. At present his reputation is shot and he is drinking in the last chance saloon. On that basis I cant see a fund raise on the horizon until this is in double digits. For those unhappy with PH I recommend emailing the company to complain and likewise for thee PH lovers you should write and praise him for all achieved to date. Lets see where we are in a few weeks.
btw ~~~ There is of course the `Unmentionable possibility` that we are about to have another CR .
I would be VERY disappointed if that were the case , as we have been led to believe that income would be available to develop the resource . I imagine employees who have taken stock in lieu of salary would also be somewhat disappointed .
On the other hand a CR for the RIGHT reasons , eg ; to develop an asset more speedily , can be immediately value accretive .
Investors will just have to stick it out for a bit longer .
Sadly the oil price is irrelevant to bloe at present as fair price is not even on the radar. We were worth more with no oil and gas and when oil was 40 dollrs a barel. Crazy world but true.
If these are at around 3p on Monday I'm going to buy more.
~ " Expecting a rough couple of trading session "~
I thought we would have been through those by now !
There`s something very smelly about the manner in which this share has performed since the last hugely positive RNS .
Makes me wonder if there is a substantial Buy order in the pipeline , or is that `Concert Party` increasing its stake .
MM`s will always advantage the major players in the Market , but I do agree that this WILL bounce back very strongly when these shenanigans stop .
VGLA .
Touching $67 but all seems a little irrelevant at the moment.
$66.08 now, $70 oil would be epic for Bloe
MP
Oil now $65.82.
Expecting a rough couple of trading session but this will bounce back hard at some point.
MP