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Well said bedex.
The regulars here are talking about the potentials from information provided by the company
I am talking about the credibility of the company. If the bod integrity are in doubt, then it doesnt matter what they have told the market
Dont get sucked in and left with the baby
There are several very dangerous posters on here spouting unrealistic forecasts ( which I would love to be FACT) attempting to suck in the unwary.
Just as bad as the dark room shorting rubbish that they claim anyone taking a measured view of this Company's prospects is a member of.
Calm it folks, this hasn't got off to the best of starts and given their previous life not particularly encouraging.
News due which should clear a few things up ( or create more Qs)
700Bod LoL :-)) PH would be shouting that from the roof tops if Bloe were even close to that!! Yet all seems quiet??
C11, wasting your breath chap, I don't think many on here even know how to calculate an average!! I have tried banging that drum, no one will face the facts, the occupants of cloud cuckoo land rule on here!!
Mike if you worry about short term movements in the SP and day to day "Profit" and "Loss" you are most definitely a trader either day trading or "T" trading over a fixed period. I am looking at the bigger (I hope) picture and the possible "VALUE" the company may have in the longer term - few people on here even mention the gas..............Georgia produces less than 10% of its own gas and relies heavily on imports from neighbouring countries. They are probably bending over backwards to help or assist BLOE in getting any gas available out of the ground. I view my money invested in here as exactly that a long term investment NOT a short term "punt" or a gamble. The schedule has slipped in my own view from 12-18 months to see oil and gas heavily monetised to 18-24 months (Circa Dec 2020). As I view things at present no one is rushing for the exit doors, trading is "slack" but we all know that this could easily re-rate on the release of good figures and a decent progress report via RNS. GLA and as usual DYOR
I can easily type 1400boed and 20p by next week to please some people here, but does that sound realistic?
It may keep some people happy hearing but based on the recent actions of the company do you think Well16 have more chance of producing 295boed and under or closer to 1400boed?
I'd say Well16az has more chance hitting nearer 295boed (consider that very lucky) or even not producing at all. What then do you think will happen the the sp?
Good post Quercusrobor.............covered the main point very clearly - some people on here could do with reading this carefully and heeding the suggestions.
ps...that response is in reply to...
Cautious11
AjwToday 17:11
Someone questions your theory and you don’t like it.
Here we go again because I disagree with you I’m deramping ...........
hmmm....don't you have anything better to do with your time?
You seem to spend the better part of most days on here repeating the same old mantra.Is it not possible for you to accept that people have differing views....and just leave it at that?...without descending to pedantry in extremis.I mean....if you're not happy to be invested in Block Energy,for whatever reason.....then just sell up and move on.Please dont bore the rest of the people here with your incessant nitpicking to absolutely no avail.
When there is something to say of import...we will hear about it....for better or worse.
In the meantime....kindly take your verbose ramblings somewhere else.Thankyou
Someone questions your theory and you don’t like it.
Here we go again because I disagree with you I’m deramping . It might not be that your ramping
Now your saying they were only allowing the well to run for roughly four weeks in April
Right then, we know as stated that the first 13 days it was doing 1100 boepd so let’s say 750 bopd then reduced choke to 700boepd so let’s say 450 bopd for 17 days if your saying upto end of April
So that must average 580bopd. So like I said before to average 295bopd it must have dropped off a lot, Surely anyone can see that unless your a ramper. I know there’s a bit of guess work here but it’s miles nearer than anything you have ever come up with. But like you said in a previous post your going to get the share price up so you will be bias rather than honest.