Member Info for cperkin

Resigning at a rate of knots!

The suspense is killing me and this is only the 1st of 3 or 4 wells.

Hi David, I think a 70% fall on the duster accounts for by far the majority of "that blew the share price up"

Current drill.......Perforation / production testing of the well due to start tomorrow.

Best of luck!

Don't disagree GG, however it was the last drill that failed and blew this share up and caused the huge downfall in the SP. This drill is not related or associated with that event in terms of Geography and or field and so should be viewed a little more objectively imo.

If it comes in as a producing well then shareholders here might actually begin to see some signs of recovery and boy do they deserve some positive traction.

You would never believe that this company has a drill underway with results expected very soon, & a well that looks at this stage as if it will come in as a likely producer and paving the way for full field development.

The same applies to any AIM company then, maybe 88E or CEG or UJO or MATD or ENQ or AEX or HUR or RBD etc etc etc.

But yes I believe they would not be interested as stated legally via RNS.

I would be more interested in when the GSA was renegotiated from US$5.24 per MCF to $3.26/Mcf and why was this negotiated in May 2020 but shareholders not informed till the 7th April 2021?

"During 1Q 2021, the Company achieved its first gas sales. For the period from 15 February 2021 to 31 March 2021, it sold 38.4 MMcf of gas for $125k, resulting in a weighted average price of $3.26/Mcf. The price of the gas sold is at a fixed discount to the price of the last tender completed by the Georgian Oil and Gas Corporation ("GOGC")9 for the sale of its gas, as provided in a revised Gas Sales Agreement signed with the buyer of the gas, Bago LLC, in May 2020."

https://www.lse.co.uk/rns/BLOE/q1-operational-update-1qlgsrsqsqxifsb.html

AJW, SCIR have absolutely 0 interest in BLOE so I don't know why you keep floating this idea? they are moving to renewables and looking to sell their remaining gas assets.

As far as a CPR is concerned, it would be expected that the CPR is updated with the 3D and post drill results.

LGO fan, If the drill comes in as forecast then it is already around the bottom. perforation / production testing starts in around 2 days.

No doubt waiting to pump some drill results out first.....?

Hi Geo, because they arguably have the best in the business on the ground, along with the prior state of the art 3D mapping and of course the published COS.

If this one comes in a duster then run for the hills, the odds would suggest the well will come in at least as expected.

There is a lack of buying pressure due to the ongoing underperformance of operations by the current BOD whilst deploying some very dubious RNS communications ranging from false flow rates to as it turns out a false GSA and selling gas at a much lower price than communicated to shareholders. This drill result will hopefully go some way towards changing all of that and I do expect that this drill will come in.

We have a long way to go to restore faith and see some returns on the assets.

Suggest posters filter all the personal abusers here, keep it to the company and not posters. If the drill comes in as per expectations then it is a massive + as per the last drill, if it does not then it's a massive -

Money on the first.

Thanks SVS, going to be a long queue ;0)

Thanks magic!

Completely agree AA.

Have a nice rest of day, it's hot out there and time to jump in the pool.

Enjoy!

All about flow rates from here on in. Net pay looks excellent, 23rd July for production testing, so not long to wait.

GL

Can't just keep printing endless confetti, or at least not without a reset to a more sensible level.

Thanks AJW, that where I looked ;)

Thanks AJW, did they ever publish a COS for the well? I did look but could not find it anywhere?

https://is.gd/oH5U9D

So now drilling deeper as per plan.