Member Info for BillTucker89

Oh dear, I mean what nonsense do people come out with on this board? It is beyond belief.I’m afraid the theory that the company is not releasing any news due to being a holiday season is total utter rubbish. We aren’t living in the Stone Age! In this day and age where everything is at your fingertips, this is not an issue. If that was the case no company would be releasing anything during these months and clearly we are
having RNS/results/ trading updates daily. More importantly the company has a legal obligation to release information to the market that could affect the liquidity or sp. If you still believe this then you probably still believe in Santa clause and the tooth fairy.

Reality is there are problems at 16az so the company don’t want to say anything until they have a stab at resolving them hence the 90-120 day “we’ll clean up”

Nice to see financing go through here. However what do we think Meditor will do next? I think we all knows PIs will be the least of their priority, so a possible D4E swap? I hope not as I need 31p at the very least.

Cautious- that’s bigboffer for you mate. His favourite ramping points are always the 1100bbl per day and the £12m placing (which he thinks makes this a risk free investment) and not any facts or figures. I have already tried to clarify the difference between bopd and bbl but he just does not seem to get it. The well could be producing 2000bbl per day, but it’s no use if 1800 of those are full of water or s***. As for AJW he’s on a free ride here so has nothing to loose, wheras people like us have a considerable sum here at high averages so need to be on the ball here.

Mike- agree for all we know we could on 200 bopd now if there have been issues since then. The key here is communicaton and needs to be done within the next week since we are now 25% through the “well clean up phase”

Sea7- agree but sentiment will not change until this company delivers or gives sone news either way. At the moment the market views this as any other company on aim which over promises and under delivers, which effectively what Block have done with their 1100 barrel hype back in April. They also said the minimum they could produce was 700 bopd a day to keep the well in good shape, but again they are no even delivering half of this. 4-5p does not look unrealistic at the moment. Also people keep saying this is undervalued because we have£12m in the bank. Again they are wrong since that £12m is being used to keep the lights on until the company generated any money. At the moment there are productionn & transport cost, storage cost, initial well drilling cost, overhead cost all of which are currently being funded by that £12m. Don’t forget the 295 bopd are not being converted to cash yet.

Oneandonly- just the usual rampers who fail to acknowledge a company is valued by the market on delivery and not hope and sentiment. The SP continues to drift and we still have radio silence from the BOD. This suggests all was not well with 16az and until have clarity, I’m afraid the SP reflects the correct value. I wonder how much it’s churning out at the minute.

Ajames- just balanced and fair view, rather than some people who keep going on about the iis and all the rest. For all we know they could have sold out at 13p, or currently selling out which is why we are seeing all these big sells but people are just assuming it’s Miton selling. I don’t disagree about Block having potential, but people need to accept there are still significant risks here, which seems to be brushed under the carpet all the time.

AjamesW - not the iis that’s invested £12m recently though. I suspect they are under the notifiable threshold, so we will never know what they do with their shares.

BB- and how do you know none of the iis never sold out?

Mike- I’ve already said that 90-120 days was just a stalling tactic, but according to BB my comments were silly and stupid. There is potential here but what people fail to recongnise is there are some hurdles for Block to cross, and it can still go down the pan. If everything was a rosy as BB makes it, then this would be totally 100% risk free which would have been reflected in the SP. I would happy if 16az could get around 600 bopd a day, it will never hit the 1000 that people claim.

Yes maybe he can convince the company to be more forthcoming and not over ramp the share so much until they have substance.

Cautious- I never made anything up show me where I have. Anyway you’re just another ramping donkey with no sense.

Maladoni- yes maybe it’s their own fault for not reasearching properly, but novice investors wouldn’t know any better. They see all the hype and get carried away. People on here are saying they miss Ajames which shows you how persuasive some people can be. He is no where to be seen when the SP collapsed, but how many people did he lead to invest??

Mike I share the same sentiment since he’s job here is done for now. Interesting how people still “miss” him despite not knowing who was behind the keyboard, just shows how powerful these boards can be in persuading people to make an investment.

Madman rob- well said and sorry to hear about your loss. Hopefully we get back to that range sooner rather than later if there are no more nasties. But I suspect.....

Even if I did it’s not far from the truth. This company was hyped like no tommorow without any substance to price it. As it stands they are struggling to get one well going without the intervention of an “expert”

Wonder what experts we will need throughout the programme which of course will come at a considerable cost.

Maladoni- you’d be surprised how many people get sucked in like posts like they, especially newbies who see it as an opportunity to make money by advice given by “experienced investors”

I

Oh big boffer reporting me to the ceo now?? For one I didn’t call him a liar directly, but they haven’t been truthful with events have they. Anyways good luck with you and your little exchanges with PH.

Well said Simon as I’ve said before iis don’t always get it right, you only have to look at the decisions made by Woodford recently.

Once again the ramping crew have not done their research.

Also there have been big buys going through recently and everyone has been jumping on the “Miton are selling” bandwagon and that the “12m iis” are still here, but like you said they might have sold out long ago at 13p and nobody will ever know since they were below the threshold. I wouldn’t be surprised that being a factor in the current low do.

PrivateRyan- it amazes me the type of people you get on these boards at times, just stuck in their own little world and can’t take facts.

I have nothing against BLOE as I’m invested here, but my main gripe is the lack of and accuracy of the information the provide. This is crucial for an investor so they can make an informed decision about their investment.

Try to make people see sense or point out potential concerns and you get the usual “trying to to talk the share down for a lower entry” response, as if somehow shareprices are influenced by LSE chats. Makes you wonder the Cali red of some of these self proclaimed investors.