Member Info for bobbbyrash

http://idc.ge/projects

For any newcomers, they wouldn't design a 19.6km gas pipeline for patty if it wasn't a substantial gas find!

I read the TMS article again this morning and it's what I have been thinking for the last year in that Block have changed direction after the first 2 wells (16 + 38) to focus more on gas and take the oil as it comes. We have all said that the future of this company is GAS and the progress made this year shows a change in focus. IMO! Maybe the 3D has revieiled a HUGE gas field that patty well has tapped into! Quote from article below:-

"But the unexpectedly high gas-to-oil ratio produced by the first two wells offered tantalising indications of West Rustavi’s potential as a gas field, prompting Block to accelerate the company’s gas offtake strategy".

At the end of the day they are 'giving' themselves the 29k barrels of oil (or 23% of) so it makes sense. Maybe the development of patty well is a priority or KRT and WR30 to increase production into the EGF which will in turn fund patty sidetrack next year. Time will tell!

I personally think it will be RNS'd Tuesday morning, we shall see. Some on here weren't expecting this news until January . Goes to show PH and the team have been working hard behind the scenes. Schlumberger have shown huge faith in Bloe and I'm looking forward now to what the 3D has shown and the development of patty well which looks like it could be worth $100's of millions to us. 2021 is sure going to be a busy year. Oil rising, gas flowing. Discoveries, possible farm outs and more. I'm hoping we start to get a lot more coverage now and interest once investors digest the news. Good weekend all!

Sounds good to me Anotherlambo!

Off we go!

Awesome that scooby! Time for take off indeed!

https://www.malcysblog.com/

Virtually the same here hawkspear from 14p down to 1.99p . As I've said countless times , I can wait however long it takes! The sooner the better though obviously!!!

Mine neither hawkspear!

JF, AF and the Lang family don't plough so much money in without a good bit of background knowledge!

It was 5.3p on day of WR38 result in January BEFORE Schlumberger deal was even in the air!

Just wait till patty side track comes in with 200bcf+. Ready market eager to buy all we can produce. Great relations in country! I think folks will be catching on soon!

Last time we saw 4p was in march! Onwards and upwards at team BLOE!

And patty well is already 90+bcf with a side track to prove up 200bcf. Not including WR30 or any other gas yet to be found ;-)

I like your thinking orange ! :-)

OilPrice.com: The Oilfield Services Sector Is Showing Signs Of Recovery.
https://oilprice.com/Energy/Energy-General/The-Oilfield-Services-Sector-Is-Showing-Signs-Of-Recovery.html

"Once the facilities have been installed, the Company intends to flow the well at an oil production rate of approximately 150 bopd and a gas production rate of more than 1 MMCF/d (giving a combined total oil and gas rate of 322 boepd)". From January RNS relating just to WR38!

OilPrice.com: Germany's Growing Gas Demand Shows No Signs Of Slowing.
https://oilprice.com/Energy/Natural-Gas/Germanys-Growing-Gas-Demand-Shows-No-Signs-Of-Slowing.html

Are we in for an afternoon rally I wonder?