Member Info for djm1

can anything be inferred from gas flow to oil?

thanks for clarifying that Cautious

The deal with Bago is imminent with a high chance no dropping of production. subsequent wells will be monetized much more quickly. great news.

Miton out, pay day and people coming back from holiday... we just need 5 or 600 bpd, gas deal, well spud ,oil sale and a bid from Schlumberger...

Come on Mike, you insinuated that Malcy knows who the liars are, who do you think hes referring to because what i heard was not what you did, so its you making assumptions. Who do you think is telling lies Mike?

Mike, Malcy also said he believes in the story, i believe he thinks that a poor investor relations company was potentially at fault, so who exactly do you believe is telling Porkie Pies?

Im not asking Malcy what he said, im asking you what you think, you made the comment about Porkie Pies, who is telling porkie Pies Mike?

Mike are you saying Paul Hayward is a Liar?

Having watched the interview i can't help feeling that the criticisms from Malcy have stung the company. Wheeling out the Chairman who was prompted to state his creds was funny to watch, he did well but clearly this was not his preferred use of his time. Importantly though it was clear that he was calling the shots on the flow rates and reservoir management from a position of experience and won't be influenced. A good solid dose of Gravitas to proceedings. So now its anybody's guess as to where the well ends up!! I think 500bopd plus a good flow of gas would be a good result from here.

At these levels its crazy not to. heading to sainsburys with my coppers and 5ps!!

Aim has pulled the pants down on many an investor and it appears that many are now really cautious and understandably so, it looks as if we wont be having real uplift in share price until a stabilized flow rate from 16Az is announced and probably 38Az confirms the field, even then the current stated reserves will be used to hold this down! I dont think we will have to wait 90 days for a 16az update and i suspect we will get a spud date, bago contract and 3d seismic update quite soon. But im not holding my breath that any of these 3 events will greatly influence the share price beyond a daily spike which will be sold in to. Its the two wells that will attract the better class of investor.

it was in the second interview on VOX markets

Lifestyle company? That's actually quite funny Mike, i don't disagree that PH has given the impression that things were more straightforward and were likely to have happened sooner. However no one would have gone out yesterday and done those interviews if they didn't have the means to walk the walk after talking the talk, it would be suicide, he would never work again in the Oil and Gas sector, be questionable if he could even come back to the UK! Its clear that they have accepted the comms issues and are working to improve that, when 38 comes in and initial flow rates prove up the concept beyond a reasonable doubt this will then rocket. At that point the whole picture will change and 8p will be a distant memory as will the trader and mm induced volatility. That time is probably circa 60 days from now, i was hoping wed be in to 38z by now and hoping my holding would be worth double to triple its current worth but hey ho. Its certainly going to improve my lifestyle!!!

spike I've been unimpressed with the PR from block recently but he has put himself front and centre after the last Rns...took cojones to go back out.

After the last Rns it was good to see an acknowledgement that it needed addressing. Whilst this was only an interview only a madman would have come out and spoken as he did without some confidence going forward. Interviewer was ok but clarification on the gas flaring issue would have helped.

and that helps us how exactly Sea 7? the further this drifts the harder this will be to get back to a respectable level. Block have failed to deliver to their own timelines and outcomes. Norio significantly off from guided outcomes. 16az significantly down on guided outcomes and realistically unlikely to get back to those levels. no gas deal. no ops update. fending of questions with standard answers. a fundraise despite telling everyone they were fully funded...and later contradicting themselves saying they always expected 16az to do big numbers so the fundraise was actually inevitable. lots of questions and no answers just ph hype. people feel mis lead and the can of jam is getting kicked further down the road.

Hi Cautious 11 I may email the company over the weekend. it would be good to know what's going on in these fields.

so in effect the work hasn't really begun? Thanks

AJW re Norio update. we just had one ,26 bopd (including 6 from Satskaneshi), a tenth of what was predicted target for the 1st half 2019 and half what it was not that long ago at 60. What have they been doing all of July?

I think that the change in the last sentences is a massive clue that they changed the last sentence. who knew they had such a breadth of vocabulary and there was me thinking they only knew how to say 1100.