Member Info for Jrlomax

Nice video on twitter about the new Vatic test, Abingdon ceo stated capacity of 150 million by year end and increasing after that.
https://vimeo.com/623338822

It’s obvious in hindsight that the selling has probably been contractors getting out knowing that bad news was coming. After all they got part payment in shares

The gas they are producing is being sold for a weighted average of $3.03 mcf. Haywood can’t even get a decent price in a bull market. The barrow boy has to go , he’s been polishing a turd for a month

LIQUIDS!!! They’d just drilled a fooking well, clever , deliberate ,misleading wording. Thats why he’s not trusted.

As an aside, ok looking back it was 1100 bopd, they then did a fund raise and a few months later bang they dropped this.

Production resumed on 11 July and since testing began the Well has produced at an average rate of approximately 360 boepd (295 bopd plus 390 Mcf/d) on varying choke sizes, with an average water cut of 25%, considered to be mainly returned drilling fluid.
Perhaps you can see that people are quite rightly not trusting of the bod

Oh do fook off you sanctimonious twot, you got my point

I admire your support for the bod but to say “ bashing attacks and the mob that carried them out is a bit unfair as it was PH who claimed 1600 bopd or so causing the share to rocket when he probs knew most of it was water

Haywood could stop the decline by announcing initial flow test results, I think because of the recent vote he’s acting like Jonny big ******.

Anyone know how much the price deal with bago lasts

Ha ha ha caught short are we?

Now I know it’s probably ****** but there is a 1 code, the last few times that’s happened here an Rns has followed. Make your mind up time

I think the weekend press has caught the company off guard, I think they are hastily writing the rns and it will arrive later

Great, but while ****ging me off no one has explained the figures. The market agrees with me , they aren’t accurate

People saying the results are good, can they explain these inaccuracies.

For the six months ended 30 June 2021, Block reported a gross profit of $128,000 (30 June 2020: gross loss of $828,000) and net loss of $2,051,000 (30 June 2020: $2,668,000).

Net loss of 2 million. Earlier on it said it’s cash position went from $ 6.3 mill to $5.5 mill

They made a loss of $2 million, if this well isn’t successful it could be curtains, unless they reduce the overheads. Let’s start at the top

The biggest hint yet that the tech transfer is complete and numpties are selling. Never understand some idiots

For the last 2 years we’ve had interim results on sept 30th. Is Haywood holding out on us.

Gonna post this again, I think if block energy get a decent result with their well in Georgia that could well get into bed with us for Cambay. Both firms use Baker Hughes, both firms have Paul Haywood on the board.

The jv will pay for the wells in exchange for a percentage of ownership. Paul Haywood of block energy is on the board here and if their drill in Georgia is a success which it deffo is, they could get involved here, just an idea.

Boiler room crew here as well eh, check him out spreading his bile on the oex board.