Originally, the company were founded with the concept of entering old wells to make oil extracted profitable. Is the company making any profit?
Well 16az were supposed to bring 1500-2000boed.
Did that happen?
Paul and team talk of increasing share price value for investors. The sp went from a historic 15p high to now 1p. Did that create any share value for holders?
Paul and team also said they will transform BLOE into a self funded company from profits made from wells. The company ended up in a state of paying 16% interest for loans. Did the self funded plan happen?