Member Info for Gary1960

The collective noun for a large group of de-rampers.?
My guess is a "Shower" anyone else have an idea.

Hi mate - I am also holding some here on a paper loss (in my ISA) so I know it is "uncomfortable". Having said that if the expected news is actually game changing then the SP will head north at a rate of knots. I averaged down myself when the SP hit 5.00p and will wait it out to see what happens. II's bought in at 11p so they must have some faith that this will produce the goods. NO one on here will tell you this has been a pain free share to hold long term but if the balance of risk/reward is right then it is one to hold. Good luck to you also Bill.

Some weeks ago you posted this on the board:

(Quote) The bloke is a nutcase been doing AIM since 2009 and never known any poster quite like it . Most say there bit and move on after a week or two of deramping . Think the FRR/MATD mess up has screwed his mind .....

I seriously think you are in danger of becoming the thing which you despise. Just to point out the obvious - no one is forced to buy shares here, no one is forced to sell at a loss. You press the button ..... you take the outcome ...good or bad. With your constant bleating and whinging you are becoming a bore.

Hi Cautious11 - you will probably win no prizes for dissing AJW but I understand the frustration over the lack of information on how Schlumberger are performing on the ground as they are geographically close to Block. The only thing I could find online was a press release from Bloomberg relating to poayments mde by Schlumberger to both the Georgian Government and GOG. The figures can be viewed here https://www.bloomberg.com/press-releases/2019-03-26/scl-schlumberger-limited-reports-on-payments-to-governments-for-the-year-ended-31-december-2018.

This only covers the period up to the year end of December 31st 2018 so it is a historical snapshot. From what I can see it shows a "payment in kind" equal to 55,857 barrels of crude oil. Would this mean that their production was just over 1,000 barrels of oil per week.? if so, on a full 365 day production that represents 153 barrels per day.
Apologies if this has been brought up before. HTH.

Coming in fast and furious ..............makes my 200K purchase the other day look a bit on the small side. Anyhoo - I am really looking forward to seeing what comes up next week. My retirement party is still on hold. but you never know - good luck everyone.

Bought any shares yet in the mid 4's yet ............guess that's a no then.
Good Luck All Long Term Holders.

Will1734 - Really - being "walked down to the mid 4's" at some point. Well I expect the SP to either rise a little, drop a little or remain unchanged............but as usual DYOR

Stew909 - I have been watching the SP closely and I agree with you 100% - in the absence of news or substantive updates there will be a drift downwards in the SP. I am of the opinion that before Xmas we will be buying MATD shares on an ASK of 3p. Anybody who knows the company and it's history will be looking to buy in around the lowest point and hope to see some uplift in the SP in the short to medium time frame. Personally I see MATD as a good choice for short term trading and will buy in again as and when funds allow. Having said that I do wish LTH's good luck - if the SP suddenly spiked beyond my buy-in level that would be excellent for people who have invested here for long term returns. As usual DYOR.

Hi Bobbby - yep I was just thinking that looks like other people were waiting to buy in as well........looks like a trend is on the way.

Hi Franco and Maladoni - yes its sort of like an adventure playground for investors in here at the minute. Lots of loud shouting, bad language, outlandish behaviour and name calling. I do believe in the value of the company and hopefully before too long some good news will silence the detractors.

Thanks for the welcome back - nice to see the LTH's are here and I suppose even the haters have their place. Trip away was good but some places I went were an eye-opener like in Cambodia and Vietnam. I did not like Thailand - went to Bangkok - seemed like every single person you meet is a scam artist of some sort. Luckily I did some research prior to travel and managed to avoid the worst of it.

I have been travelling in South East Asia for nearly a month so not been on the board much - got back yesterday. Sad to see that the "haters" still hate but then I suppose for some of them its more of a way of life or paid employment. Just purchased 200K shares at 9.23am not worried if it shows up as a sell - it will be mine - the deal was done at 5.28p GLA LTHs

Hi Rob - I don't think an experienced Oil Industry Senior level professional would be buying 15 million shares on a whim or as a "punt". Initially I thought Block might be able to grow organically and keep itself as an independent entity - however I think there might be movements afoot that could be the start of a joint venture, merger or outright acquisition. We might see some healthy results in the next few months followed by an approach to buy out Block - that is my preferred scenario.

Hi Rob - I said in a post yesterday (in summary) that fancy presentations, reports and updates on work carried out will not move the SP. Production of oil and gas in commercial volumes/quality will move the SP. Until then I guess the SP is held at the support level which looks to be around 7.5p - Obviously there is a good deal of speculation around the 1.25M share deal but MMs move the SP around to make a market not to suit small scale PI's like us.

The drop continues - my buy in SP is now 3p or below - I reckon before the end of November.

Beat me to it - but yes are you the mystery ramper.?

Firstly welcome to the board and I have to say that was quite a nice summary of the situation we are in. The "Pendulum" has swung from over excited news release and equally bullish response for the market to a position where any/all news released is scrutinised and rubbished by all and sundry. The current Yo-Yoing of the SP has not been helped by the organised share bash that went on over many months and swung sentiment for many PI's as the SP dipped to sub 4p.
The only thing I can say is that oil/gas sales and a decent balance sheet will move this North at a rate of knots. Summaries, op updates, meetings and fancy slide presentations just do not do it.

Hi Jaytee - yes I would agree the SP seems to be dragging but if people loaded up at the 6p-4p drop they can sell now and make a few quid. Once the traders have gone and things settle the SP should pick up. Still holding all of my shares not sold one as yet - w-a-a-a-y-y-y-y-y too early IMHO.

Block Energy and all LTH's - A box of Expensive Swiss Chocolates and a bottle of Vintage Champagne for us and a bag of boiled sweets and a can of coke for the haters (YOU know who YOU are.)

Looks like we need either some buy side pressure or "news" to move the SP up another notch. Having said that the support level seems to be around 7.5p - this should move North rapidly once there is even a sniff of good news.