Member Info for Babbler2

Netbacks of c. US$30-35 per barrel.

current oil price... even at $60 sale per barrel that 2x cost? IE profit margin is good?

How much is 900 barrels per day worth? Proven resources? What is the risk here? What am I missing?

West Rustavi offers huge value potential for Block and with rig contracts now in place, we are all set to commence work programmes to unlock this potential and upgrade resources to proven reserves. With multiple gas discoveries having already been made within the Licence which lie on trend to the same play currently being targeted by Schlumberger on a neighbouring licence, Block XIb, I look forward to commencing our imminent work programme with optimism as well as to updating the market when a final offtake agreement has been put in place."

imo it looks like a buyer has got wind of news on the FOOT? Lots of £15k trades which is unusual (trust me been watching paint dry there for 3 weeks+!)

Should do... its excellent... imo. Drilling to start soon too... time to buy is now (cheaper than me :)

7m mcap
MOU in place BEFORE drilling
52 week low...
IPO a lot higher

Very good resources in place.

certainly seems there is support at 1.2 level now.

well they played the old "not letting you in" game... lol. Now they will. But looks like a lot more buys today than last few trading days combined... one of those that might take off after lunch - but long term is excellent (did say it was slow burn share)...

yes mate - mou signed... even cheaper now than what I paid as usual... slow takeoff or Ive been ripped off who knows but imo £7m mcap for a share with an MOU in place for those resources... well cheap innit?

and as usual... should have waited to buy! Crazy...

you are not wrong... but being aim it will probably struggle past 4p :D

agreed and said that on TECA... I decided on Bloe. @ 3.2

Like OMI agreement... :)

Agreed another cheap but actually funded aim resource share. Needs more publicity. Imo. IPO was at 5p?

Agree but wanted funds elsewhere. Probably regret it as usual lol.

5 x 50k buys to get it started. Someone likes the news lol. Enjoy the rise.

all buys - in at 3.2 (cheapest I could get was 3.18 but hesitated and it rose next quote). Only a trade as usual ...

in at 3.2

can now at 3.18

never thought Id say this... they wont let me buy any bloe ;)

they dtopped it - but shock... cant buy :p

tough call - if you sell now at 1.25 your buy back is at 1.35...

taken 20% off just in case