Wasit10538- more like its idiots like yourself that make people laugh as you clearly haven’t done your reasearch on this share and just ramping. Why is it this boards are either full of rampers and derampers, each stuck in their own ways? This is not what these boards are about. And If you’ve never heard government wanting their cut and with BLOE specifically, then I would question what exactly you know about this share. As you’re so thick I’ll make it easier for you. Goto page 17 of this brochure which is directly from BLOE’s website, and you will see it with your own eyes.
Gary- I think a lot of people haven’t ready the PSC. Everyone goes on about the 700-1500 barrels per day, but fail to realise Block will only get 40% of the revenue and profits, whilst the rest will go to the government. That 700-1500 then becomes more like 280-600 barrels per day to work out the true profits. And guess whoose footing all the costs? We are of course. I genuinely hope there’s no delays of bad news here.
Guys can we just not have genuine and realistic views on here rather than ramping or deramping? I can see why people are concerned as there has been no communication from block regarding the drilling which they promised would be out. The whole point of the fund raise was to accelerate the plan, but things seem to have gone quiet since then, which is costing PH his credibility. Until we have some news this company is still making a loss, and eating into the proceeds of the fund raise, since they are only producing 60bpd. We need a RNS and fast or else the share price will continue to drift away. Before anyone calls me a deramping I ya e a decent amount here at 13p, so therefore currently sitting on a loss. If there is news good or bad, then we need to be told.
Mugtoo- because mugs like you keep calling me a shorter, when I have hard aren’t money invested in here. I have nothing to good to say as there isn’t anything good to say to be frank. You only have to look ADVFN and you’ll see Gary Favell is being linked with CPR. Do some research on him and you will know.
Brgmg- no I’m not a novice investor and couldn’t care less how much you hold, or what price you got in. No one wants to know.
Everyone is on here to make money for themselves, and please show me where I was deramping????
Thanks AjamesW it’s not the profitability that’s in question, more to do with the numbers we have been given. If the price of Brent falls, then we will need to produce more oil to hit the quoted £1m a month. We all know what the aim market does when you don’t deliver on your promises.
Pat2014- yes that is the best advise you can give, but it’s down to individuals concerned on whether or not they wish to pay heed to it. Yes the government will step in, but that does not mean shareholders will get saved. Kier will go on but not shareholders. Again you only have too look at IRV and you can see what the government support will look like.
My2penneth- yes Debbie White lied through her teeth, but did anything get done? No Interserve carried on as usual, MW and DW collected their bonuses a week before administration, and it was us genuine supportive shareholders robbed of our money. I was expecting Coltrane to take sone action, but they have disappeared off the radar?
Meta84- I’m well than you, hope things are good with you to? Yes I learnt the hard way with both CLLN and IRV, which is why I’m staying well away from this even though there may be a chance of recovery, but highly unlikely at present. My experience with above two companies had taught me RNS’s never have the full detail and often paint a rosy picture on the grim details. Like another poster said management are just interested in saving their ass and collecting their bonuses, and screw shareholders over. It’s all full of lies and deception and worryingly they get away with it. If people on this board do not take notice of people like yourself, then unfortunately they will have to face the consequences. This share is dead unless Mr Davies pulls a rabbit out of a hat.
Petals- nicely said and you can add IRV to that list. It seems they fail to deliver to the promises they make, and then leave themselves at the mercy of their creditors, and not forgetting the bonuses they pick up in the meantime. They then try to present themselves as hero’s to their staff and customers for “saving the business” , and ensuring operational continuity and preserving jobs.
The whole setup is shambolic and needs regulating more rigorously. Having lost a fortune on IRV and Cariliion, I would strongly advise against investing here as the signs are too similar. Ican see a very highly dilutive d4e or RI taking place here.
Coolkid keep telling yourself that of it makes you feel better. Yes I am invested here for my sins, but unfortunately this does not mean I make up fairy tales like yourself.
Look at the year end net debt it had risen to 25m. They said it was down to 12m only in decembers update, so it’s more than doubled!!!!
Don’t look at the comparator to last year when they say it’s been reduce from 53m or whatever the figure is.
Also you will find most of that was reduced by the equity raise anyway, and not cash generated by operations.
Shutts always said foolkid was a deluded fool, along with his alias of Ftsemajor. He has nothing to say about his stupid predictions. He also posts the same crap on ADVFN under the name Floridamassive. Right pathetic scum he is.
Once this hits 30p I’m out for good.
Pundit1- yes I have see it but not sure how nominee accounts works as such. Does it slow someone else to sell them on your behalf?
Hopefully the truth should be out hopefully, but you can bet your last buck the BOD were given something for this deal which may not be made public unsurprisingly.