does anyone honestly think that with about 4% of the company that PH doesn't want to create a successful company and I also agree that the ii's who invested at 11p would have done a lot more research than me to pump 12 million quid in. they must be confident of the forward plan. not the day to day noise.
agree bigboffer, painful to watch this but does not represent the 18 month to 3 year plan. Just need to hold and let the plans unfold. managed a small top up yesterday at 7.1p so at least some good news come out of this drop for me. spud on 38 must be due any day. hugely experienced board and I for one will let them get on with the job of proving up the gas play 600+bcf and letting them increase oil production over the coming years... sit back and relax if you can :-)
Great interview, all going as planned, commercial oil AND gas from first well , the gas in my opinion will be the making of block , news of spud due anytime. Production from 16az should increase steadily, already profit making and no debt and fully funded and only just over 30 million market cap, is this a joke.??. Seriously compared to our peers that only boast hot air and dusters. Come on mr market , wake up big time!!!! If I could sell my house now and put it in at this price I would be a happy bunny but I've already done that at 10p lol
Nobody seems to be excited about the 600+ bcf of gas which we will be testing in 2 of the next 3 wells, sound energy was valued at circa 800 million with about 350bcf discovery without infrastructure in place to sell it, no income, no profit, needing to raise funds to keep going. BLOE are already making PROFIT even with this low start of 300+ boepd, NO DEBT , appraising gas discoveries not pie in the sky exploration and a route to monetise the oil and gas immediately once we hear of the gas off take agreement. Businesses take time to build, all our work is being done to reap the rewards of the gas. I don't think GOG would be building a gas processing plant if they were not expecting more gas to be put through it. I'm sure the next update will clear things up a bit and if the next 4 wells are moderadeltly successful including the gas drill at the end then take your pick at the share price with even only 300bcf converted into reserves.... 12- 18 months the picture will be clearer. Those buying now are the smart ones in my opinion and the fools are selling. GLA and yes I can wait for 2-3 years if need be... Back to my pint of Guiness !!!
One thing is 100% guaranteed and that is that we are one day closer to news than we were yesterday. Some people on here act as though the news isn't coming.. there is a lot going on behind the scenes. Gas off take agreement... PH suggests we may have a better offer than Bago (who agreed to fund all the infrastructure). The spud date for W38 is coming very shortly, we should have the next 2 wells completed by year end (PH words not mine) hold on and relax and wait for the story to unfold. The good news with Miton/Milton or whoever they are selling is that they have taken their 200% profit or so and passed the shares on to new buyers at the 10p level so we have new holders who are not sitting on a big profit like they were (so not as likely so want to sell as quickly) . So much news due on possible acquisition , flow rates from W16.... oil sales agreement and who knows what PH has up his sleeve. This gas test coming up at year end is massive in my opinion and with an upgraded CPR to look forward to the next 12 months are looking good. Enjoy the sun folks and bring on the news PH!!! :-)
If sound energy could get to a near 1 billion market cap without any production then just imagine what our 600+ bcf gas will do for us when proved up... The next 12 months and the next 4 drills could send us into orbit if all goes to plan....
great interview again. all looking good here for the next year or 2... all falling into place nicely so far. let's keep it going block! from strength to strength... would be nice to see some blue days now and news due any day. GLA
About time we started moving north , crazy undervalued for what we have achieved this year, nothing but good news in July so far and I suspect more to come, people still have the chance to get in at this price. Crazyyyy. Bring on well 38 spud I say and let the fireworks begin.
It will come bigboffer, when PH said "at least 2 weeks" for update in recent interview in my book that means minimum 2 weeks, not 'inside 2 weeks' . People are getting too wound up waiting for news every day. I want news too but it will come when it comes. I ain't selling one share for a long time anyway so we have to just be patient and let the work progress.
it wouldn't surprise me if we finish 5% up. if people want to sell today and put their 2k under their pillow them good luck to them. PH is too busy behind the scenes working for his shareholders. I'm very happy with everything he is doing and the rest of the block team!!
Gizzard, I agree some are sells buts many showing as red are buys, you just need to look at the trade price. more buys than sells again if you add it up but mm's want to drop the price. Great RNS this morning re. 100% interest. all going to plan, don't put the roof on until you have built the walls or it will fall down... great company being BUILT here. 16az is still there, it doesn't really matter if it flows at 800 or 1100bopd, the oil is still there. PH has already stated they will play around with it to get the best stable flow rates. news will come when it comes and I'm sure it will be worth waiting for. Also as I read yesterday I think, if they release a 12-18 detailed ops update without the news that we have acquired more acreage then the ops update would not make sense. I too think there will be news of an acquisition before the detailed ops update. if/when we hit 8000bopd+ with gas as a massive extra then happy days for all.
on success of these next 2 wells and 2000-3000bopd as PH says then I'm hoping 50p + by end of year. not including what the gas drill finds or proves up. just my opinion on what a realistic market cap would be by then... hold and enjoy :-) nice to see blue for a change!!
its funny how the panic sets in after a few red days... relax folks, if all goes to plan with the oil and gas in the next 12-18 months and we get anywhere near the 8000bopd plus the gas in the next 2-3 years we will be well north of £1 . all this daily drivel is laughable... hold on and wait for news. let the weak sell and the shares will be mopped up. IMO :-)