Member Info for bobbbyrash

https://oilprice.com/Energy/Oil-Prices/Oil-Markets-Could-Soon-Face-A-Devastating-Supply-Crunch.html

All in good time toon! https://oilprice.com/Energy/Oil-Prices/Oil-Markets-Could-Soon-Face-A-Devastating-Supply-Crunch.html

I like it when PH says they have a "ready made development plan prepared by Schlumberger" in my basic understanding first there is a discovery, then if hydrocarbons are discovered then there is an appraisal and then a development plan so I would suggest we have some sort of gas 'discovery' that has been successfully 'appraised' by Schlumberger and they have prepared the 'development' plan that we are inheriting. Bodes well for the future ;-)

Nice £50k buy popped up from this morning. Wish I could have loaded up now instead of my 7p average. Made the mistake of trusting Fiona.

Certified 2P reserve valuation of US$44.5m as at 31 December 2018. Non-contingent consideration of US$8.5m represents a discount of approximately 80 per cent. to this 2P reserve valuation;. (Maybe the market has forgotten our valuation) .

Somm just a rough estimate. Current production circa 2250boepd x $45 = $100,000 per day . "In the 12 months to 31 December 2018 the Santa Cruz Sur Assets generated unaudited revenues of approximately US$31.9m (net to a 70 per cent. interest)." So once we open up some of the recently shut down oil then I'm not too far off! :-) anyway whichever way you look at it we are hugely undervalued!

Good interview, work still going on. EPF on its way. Gas and oil to be connected and brought back online together. Makes sense not wasting valuable gas now. Cash positive as soon as connected from 16 and 38 alone not including the 200bopd+ from new asset.

Still MASSIVELY undervalued. What have we got? Around $35 million a year revenues with hopefully an increase imminent when we hear of work over news. Looking forward to news that PA well testing has restarted! That will give us an almighty boost if its a commercial flow rate!

I'm waiting.... Come on Bloe time to wake up. It's time to move it move it, it's time to move it move it, it's time to move it move it, it's time to MOVE IT!

I think we deserve a positive blue week here with news not too far away, poo rising steadily, lockdown easing in many places. Hopefully the worst is behind us! Onwards and upwards for BLOE!

So they have a one year target of 1.53??? With a successful PA well and maybe TA well? These charts and predictions are utter bull**it. We should be 4-5p NOW without any future positive developments. Looking forward to a good week here.

https://www.bloomberg.com/news/articles/2020-05-24/oil-s-sudden-rebound-is-exposing-the-achilles-heel-of-shale

https://www.bloomberg.com/news/articles/2020-05-24/oil-s-sudden-rebound-is-exposing-the-achilles-heel-of-shale

There is absolutely no reason why we shouldn't be 4p now (30million market cap) so with an increase in production this year and hopefully a successful PA well test and then the build up to second TA drill later in the year then 7p realistic then with gas discovery at TA , happy days. 10p will be a distant memory then! All to play for here , we have solid assets and plenty to come and ridiculously undervalued imo! Have a good weekend all. See you Tuesday!

I feel plenty news in the pipeline along with the gas !! Looking forward to confirmation of acquisition and some details of the next steps.

http://idc.ge/projects. The Pat E-1 section seems to just say the design and permit received for 19.6km pipeline. No idea if anything has been started or not but the well must have a shed load of gas ;-)

5p is about fair price at the moment in my book! Without the Palermo aike well! And increased production!

Happy I got another £3k worth at 0.8 an hour ago!

And guaranteed $45 a barrel ! Come on Palermo aike well. Be a good one!

I just paid 0.8 but maybe it had ticked down a bit from earlier. I think they were sells before at .8 personally, the buys were .84