Member Info for bobbbyrash

Good job you managed 32 shares scoob! Quite honestly it should never have dropped. That's why I'm holding. Can't risk trading and being locked out. It is easy afterwards to say ' why didn't I sell at 5p and buy back at 3.7." if we all knew what was going to happen we'd be millionaires! Cone on Block!

Scooby I see one of your orders was filled for 32 shares lol ! Keep going my son you will turn us blue!

Who would have thought peeps would get the chance to top up at this price a week ago? Well done to those with funds available! Expecting a good blue reversal day today! Onwards and upwards at team BLOE! Great interview btw with our technical guy the other day. Looks like they are studying all the information very carefully!

My question is , ...would they do these pipelines if there wasn't a shed load of gas to be transported? Let's keep it simple for the majority (including me)!

Also from 7th April RNS:-
"We are also considering the potential of re-entering the recent deep Pat E-1 gas well in order to side track and complete a horizontal section in one of the Lower Eocene gas zones appraised and tested during 2018/2019.

Gas price and demand remain strong in Georgia. Based on the well results at Pat E-1, the estimated initial-gas-in-place is approximately 600 BCF for the structures penetrated by this well. Drilling a horizontal hole in the best zone has the potential of changing these resources into reserves, ready for production."

All good things come to those who wait! This time next year Rodders!

As soon as taps are switched on at WR then we have a combined 500+ boepd which must be in the region of $5 million a year revenues. Low hanging fruit on the way to hopefully double this figure pretty rapidly!

From April 7th RNS :-
"the Company has postponed all new capital expenditure and has reduced the monthly cash burn in Georgia by 40% from US$107,000 to US$64,000 through a combination of cost-cutting and deferral of operating and administration expenses"
Where has this pie in the sky $400k a month cash burn come from?? Untruths , untruths and more untruths. I don't know (shaking my head emoji)

Sea . Excellent info. Albeit I can't see PH stating very recently that gas sales are on track before end of year if the pipeline isn't already well underway. Few more weeks is my guess!

I couldn't be bothered counting Scooby! Just a rough guess!

Sorry typo . Meant £35k at least

From 13:40 astec all the 3.65 and 3.645 are buys. There are probably £25k to add to the days buys and subtract £25k from the published sells to get a closer idea. Totally irrelevant anyway in the grand scheme of things. I hope I can top up next Tuesday when I have funds available at 3.7 or less. Please don't boom yet Block!

Quer! It's GP Jersey ltd with 3% holding!

One last little thing to ponder for this evening. (I'm using round numbers) Schlumberger have already invested £100m on the assets. They have taken 120 million shares in Block. At 10p per share they have £12million . Mmmm. At 50p they have £60million. Mmmmm At £1 per share they have £120 million. Got their initial investment back and a small profit. I wonder what they know (and now the bod of Bloe) that we don't as of now. Are Schlumberger expecting £1 a share in the next few years with what they know about the deep gas? Time will tell.

Block have inherited a 'ready made development plan' meaning Schlumberger have already drilled patty and decided on the development wells and then covid happened then the deal with Bloe so imagine if what you say about SLB drilling the wells and taking payment from future production is true! That would be boom time if that RNS lands in the coming months. It's a possibility!

Somehow I don't think Schlumberger would do the deal then a few weeks later be diluted. I think the well program has been not only identified/planned but the funds have also been sorted IMO. Block aren't going to announce an upcoming development campaign but "doh, we don't know how we are going to pay for it" In a matter of weeks we will be producing around 500 boepd with around £2million in bank after selling the 29k barrels. Finance is Fitzys speciality and as major shareholders you can guarantee SLB and the Lang's and AF and JF want the company to prosper handsomely! They have a hell of a lot more invested in Bloe than I have! Let's see if tomorrow's a blue day!

Well done scooby if you can do it. My strategy is to hold till the 30p mark and see where we are at that time. Doesn't anyone else think it's a bit strange that with about £10k more sells than buys that the company loses about £1.5 million in value? So if the first trade of the day was a £10k sell we would be down 8% immediately?? Likewise with a £10k buy we would be up 8%? I don't think so. That is why I'm not trading. Just my luck to sell and sp keeps rising. I have my shares and I'm waiting for 30p HOWEVER LONG IT TAKES!!! The rest is just noise. Sit back and enjoy the ride.

RNS confirmation 7am sharp my guess . . Then in short order gas and oil sales RNS. Then I would also expect to see double figure sp!

I wonder when JF will put his feelers out to negotiate a sale of Bloe to a much bigger player. He has contacts and experience for sure ;-)

30p per share offer after patty news and I'd take it! OMV are you watching?

AJ whether the pipeline is required or if we can tap into the gas store pipe line, the mere fact that the design was submitted and permits granted bodes well for a significant commercial gas discovery!! I hope we can produce from patty initially and get some extra revenues flowing in before we sidetrack it. No doubt SLB will be advising us in the near term!