Member Info for barnetpeter

This is crazy. Not in at the moment. Mostly sold on the spike (when to 68 I think) and the rest at 0.21. Never expected this to halve again but here we are as stock is dumped at any price. It seems that anything that can be sold has been. Not given up on these yet but not a buyer until I see those accounts.

Price at Xmas? Below 2 pence. All hot air ...

Could easily treble if this news is right but I doubt a spike will hold with so many wanting to get out. Look at those big sells today. Still....holders are still in the game so some hope.

Some chunky selling. Why? I guess this is the first day in yonks there was enough volume for the desperate togetout. It may be shares granted in lieu and they just want some cash

At the WR-16aZ well oil and water production has varied significantly partly due to the failure of certain downhole equipment but remains at a strong flow of oil, water and gas and the recent week was 230 b/d of liquids with a water cut of 78%, higher than expected and a flow of 130 mcf/d of gas.

Embarrassing. 22 per cent of "liquids"! Could be ****...or bull**** maybe?

10p! Dream on! Zen might though. Bloe is mainly finding water and is losing money by the shed load. Another loss of 12 per cent today and the low of 2.55p is almost certain to be broken. Only the desperate are buying here and only the cash raised at nearly three times current price is holding this from crashing below 2p. If the company admit that they will need more money early next year then timber. Sorry....its a dog that is misled the market in my view by overestimating the bpd flow and not advising the well was suspended. No serious investor will back the next placing unless there is a clear out of the current bod.

jaytee and all bullish rampers...wont dont you just block everyone you dont like? Then you can read how wonderful this stock is, how much money it will make, how much gas it has, how the market has, erm, misunderstood, how the CEO has been honest all along, how it is "oversold", how the duster is not really a duster and how the millions lost by PI,s are not really losses and lots of other wonderful comments by the rampers (some of whom are probably short and just need mug buyers who they can get their short on). I dont mind you starting with me....

Typical market makers. Early rise to get the buyers in then smashed down to 170. Should break 150 by close Friday. Something very dodgy behind the scenes imo. Have audit queried the accounts again....and has that or something like that leaked?

And you all know it really. Just 4.8p now to sell and I said at 14p this was a sell and short. This is not an investment, it’s a mugging and the rns today is dire. A duster by any other words and you can read the desperation from those hoping others will buy in to this complete shambles so they can get out.

Yes the ones who bought at up to 18p or in the placing at 12p or doubled down at 10p might be delighted with their investment. Their share account must be a thing of wonder ....

I said that bloe was a dawg a long time ago. Got ****ged off for my pains but there you go. This rns is dreadful and money has been spent left right and centre. The well is a duster in commercial terms in all reality and the mugs will throw more money at it. No serious investor is going to back these after all the management issues. Soon see 5p broken and the 3p level which it sat at before this crazy spike will be the level at which it settles for a while. Maybe a small rally then and a fundraiser via primary bid before even the most bullish realise this is all just smoke and mirrors....like so many other small Oiler’s have been over the last 18 months. We all fall for them from time to time...I believed that prem had something and got spanked there but you live and learn in the swamp or you go broke

Did you know that P Valerie (CAKE) was very quietly placed into administration this month? That reported no debt and a fantastic balance sheet. It was all fake. Swept under the carpet and just another to join the long list. I dont know if Metro will join the list but this was some fall today.

Some clearly think so. The rns today was very terse. Yes I know the balance sheet looks in fair shape on paper but these big falls are often selling by people “in the know”. How many times have we seen this over the last year let alone the last ten years. Heavy selling and shorting and then suddenly the company admits it needs a rescue rights or so on. So many times the share price is the best indicator because our system is so leaky and our regulatory system so pathetic.

very low free float around so every time the herd arrives it has soared up to 500%.

to be fair the customer service for business holders is good. But it must be expensive to provide.

Always done really well on MAC....tiny mkt cap. Had 2.9 per cent of the company at one stage. Added some at 0.65 . More today. Sold a load at 2p last year and in 2015...wow. Got 11.5p for a ten bagger that August. Crazy spikes.....

yes but can we believe these companies any more? Bradford and Bingley were supposed to be ultra safe but had no idea how little cash they had. CAKE......fraud and lies everywhere. So many of them....

but have a business account here and not impressed by all this. Keeping limited cash in there and I wonder if others are doing the same. Thats the problem with banks....just one suggestion that there is a problem and money will be pulled out in droves.

I know a lot of people went long here on the spreads at above £3 so they are taking a bath. I wont invest with the words of a stockbroker ringing in my ear....he was the chair of a shares club and he strongly pressed for all the cash in the account to go into Lloyds bank at £2. Once in a lifetime opp he said.....yep, lost almost every penny

good that they got the keep the lights on placing away but the dilution continues. Can only hope for a spike at some time to get out before the inevitable end. Shame....had big hopes for rock

Net debt at 30 June 2019 £0.7 million* (31 Dec 2018: net cash £1.0 million)

o Diluted EPS 0.35p (2018: 0.88p)

Held these for years since when they issued converts for cash held by a shell and I converted and then sold out for a cracking profit. Rather gone downhill since and I see these halving again to about 8p myself. In debt now and going backwards. Peg have done very well for a lot of investors and I still watch but I would not be a buyer. GL holders