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I don’t think chevron give away low cost high revenue projects on the cheap. Cynergy has been around 11 years and still has no assets and GBP has no cash. All seems implausible to me.. still we do know that the need to raise ££ and soon.
Desperation CPR to inflate SP. Must be a raise coming.
Where are the getting the money from to buy a producing asset? And who is going to pay for the technical review work. They have no capital. Pie and Sky.
Company will need to raise $$ to secure Namibia acreage
And despite the noise has no acreage in the Med.
Big dilution coming
How are they going to pay for high risk exploration in the Med?
Do these bankers understand oil and gas? Expect a major raise and dilution.
One way street this. Never made a profit.
The way to build a relationship is to demonstrate that they can fulfil the work program, they don’t have the money to do this. Last legs.
Doesn’t make money so not likely to survive long unless it can manufacture a farmin. Not likely given lack interest is exploration.
£250 k will last 3 months then they will need to raise again
Jamaica would be the only game changer here but I have to agree with some of the negative comments - if they were on the cusp of farming out there is no way the technical director would step back. They need him to sell it. So that looks dead.
It burns more than $1.5 mm each year so needs to raise this and the guarantee for the 3D to plod on. Can’t see that happening with a market cap of £1.5 mm.
It’s not made a profit in any of the last 3 years so production needs to be higher than that.
Company doesn’t make any money and trades at a loss so long term share price will go to zero unless there is a major change. It’ll be sub 1p soon maybe worth a punt if it hits 0.75p
We are now predicting RNSs using satellite images.
It says a lot about the level of detail communicated by BLOE when the only insights come from google maps. It’s becoming a bit of a joke outfit I’m afraid.
Means 86% chance of failure.
Sounds like another pup being sold to the market
How are they sure the gas is Helium if they don’t even know it’s there or not? If it’s CO2 and not Helium they can always try at raise for a CCS project and put it back down again… LOL