Member Info for Gary1960

If you invest in the most volatile area of a volatile market place you must be able to accept the level of risk as balanced against the possible rewards. No one here has been frog-marched to their laptop and forced to purchase shares. Do your own due diligence and decide if you want to purchase and just how much you want to risk. End of story. As always DYOR. If it all goes Pete Tong you have two choices - accept it with good grace or look around for someoen the try and blame.

Another one for the "offensive, brown and sticky list"................

Bill Tucker - Some very cogent points you are making there in your post and some hard hitting figures there as well if you do not mind me saying. Do you think you should maybe contact the Institutional Investors (who stumped up 12 million pounds between them to purchase shares in the company at 11 pence each) and tell them they have made a mistake.? I only put in a few quid so I am not that bothered.

Hillybilly - well said Mark, all the negative spin lately was obviously opportunistic - about as useful as a chocolate teapot. The fundamentals (I think,) have not changed - just the time line has gone slightly off schedule. Hopefully a nice juicy RNS in the next week or so and we are good to go. Fingers crossed. GLA

Hi Bungle66 - well you made your own decision and that is the important thing - as it turns out had you decided to sell up the only definite thing would be your actual loss on the deal which I think you said might have been a large sum of money. At least now you have your shares in hand and if they continue to rise you are on board for the rewards..........might take a bit longer than you planned but "nothing ventured - nothing gained" as they say.

High Energy
Funding - Block raised 12m extra funding by an Accelerated Book Build with II's taking BLOE shares at 11p each. That was back in Early June this year to fund back to back drilling on several identified sites within Blocks licence(s). There was also some talk of possible acquisitions of blocks near BLOE's existing licences.

Behave............10p......after the last couple of days 8.5p seems rather attractive.

Agree 100% with your view. I had nearly £ 90K in an account for a year (2017-2018) got the total sum of £ 825.00 interest...........not even 1%.........anyone looking for a "security blanket" - there are lots of bank/building society accounts that are willing to help you out.

Well I for one thought that was a good showing - no market sensitive information forthcoming on current WR16aZ flow rates or spud date for WR38 but then he would not ant to give too much away at this point in time. Paul is certainly "talking the talk" and as it stands I am happy to keep on buying and will be adding to my own holding as and when funds/SP allow. Lots to look forward to but the "market" will have to wait like the rest of us.

Nige - If it isn't worth 10 grand next year, I will be coming back to ask you some difficult questions......LOL

After 12 mid day - I was away from my PC - looks like there is a mini buying blitz underway...............?
makes my top up of 11K shares look pretty miserable - LOL. Nice to see some resilience in the
SP.

Maladoni - you have the dates correct.

Tsbs - you summed up very neatly what I have been thinking for quite some time - the spike to 17p (to my mind) came on the back of nothing and it has been a slow crawl back down to the low 7's aided and abetted by Paul Haywood's love for the process of providing "News" in the form of either "gradual revelation" or silence. The lack of any proper operational update is a pain to say the least. People who bought in on the spike up to 17p must be running out of patience and I cannot say that I blame them.

I am still adding................11805 shares at 9.13AM @7.5p

Bungle66 - I can only tell you what I am doing - holding long term. Sure I could have booked a few pence profit per share on my holding but I would rather hold and see what happens 18-24 months down the road. The mad-as-a-box-of-frogs rampers and doom-mongers are just two ends of the same scale of sentiment - I find myself in the middle and I do not feel the need to respond to calls from either camp. Make your own decision do not be swayed by either side.
GLA

have you considered a career on the stage.? You seem to have a talent for acting.
When I saw this it brought to mind a picture of an enraged postman running down
a footpath with a large dog biting his ar5e................

Hello Rob,
If you are buying a full 3p below the placing price I think I can understand why you are topping up. Personally I am buying in on the potential return and looking at the medium/long term growth. We have not drilled a duster, we are not in a legal battle with Georgian local government. If the SP remains at this level for a few days I will have another small top up. Hopefully news is not too far off and we can see the SP rise to a former level - Oil companies are listed in the most volatile sector of a volatile market.................As always DYOR

Big Boffer - I agree with what you say - I posted the reply from Justin purely to point out that the company and Paul are obviously painfully aware of some of the points put out by people posting on "public" websites and discussion forums. While I am quite happy to put my hand up and say the oil flow is not what was expected at WR16aZ - I draw the line at calling out the CEO as a "Fraud". Some people on here have NO consistency - they angle their posts to suit the prevailing sentiment.
Having overstated possible flow rates and/or progress PH will no doubt be very wary of repeating the process. One twitter commentator referred to the PI's posting on here as "Clowns" let's see if he wishes to revise his opinion in a few weeks time.

I contacted Justin Reynolds at Block Energy to say I had been dismayed to see some very negative "spin" put on the last RNS and the efforts of the company/CEO - which I thought was undeserved. Most companies I have contacted in the past with such concerns do NOT even reply or simply send a standard leter. Here is the email message I received this morning:

Dear Gary,

Thank you for contacting us, and for your support. We monitor references to us on social media closely and we have seen these and other comments. We are well aware that sentiment on Twitter and other channels fluctuates rapidly in response to interpretations of our various updates. Sometimes it's overwhelmingly positive, other times less so. And we know that it's a forum where all kinds of wild accusations can be made in haste, and just as rapidly withdrawn. In the meantime we continue to press ahead with our drilling programme. Like all AIM companies we will have good and bad days on social media, but we remain confident in the value of our assets. We will continue to provide updates on our progress as we work through the programme.

Thanks again,
Justin

--
Communications Officer
Block Energy Plc | www.blockenergy.co.uk
+44 (0) 207 997 6136

They say they are "confident in the value of our assets" - put it this way, if I had some spare cash I would have a small top up but my share buying funds are maxed out so I am on the sidelines at present. My last top up was only a few days ago at 8.05p.............as always DYOR and GLA

Hello Groover - My comment about the dust bowl was aimed solely at Mike31 and No-one else.
I have also been invested in many aim shares so my scope for losses potential and otherwise is large. Nothing personal :o)