Member Info for Jrlomax

The chairman said yesterday they are storing the oil while they wait for an off take contract to be signed with a customer across the Black Sea. Seems like they are waiting for a tanker full.

Just looking at Eco today they announced they hit an oil column and their Mcap has hit 251 milllion. They haven’t flowed any oil yet but Bloe have and look at our Mcap. The markets are mad

Think he means the p/e figure which is sometimes worked out at 10 times annual income.

He stated “Rates are increasing” .Anyone not in at these prices is gonna kick themselves in a few months

If you look at the times of his posts this guy is obsessed with this board, think he needs to switch off .

Not at all, I’m not worried in the slightest in fact I’m fooking made up with these low prices cos Ive been topping up. The next few months are gonna be transformational

Don’t forget the gas

People will look back at these prices at xmas and kick themselves, lots of companies with a much higher value than ours search for oil and find nothing. We are an oil producer. We are about to spud a second well. We have a huge gas resource which we are starting to produce and sell. Other small oil firms would kill for what we have. Look at the fundamentals and try and ignore the noise.

It’s on vox markets

****************************/articles/reabold-resources-block-energy-and-shield-therapeutics-7a1e531/

Bloe starts about 10 mins in.

I think it’s fair to say his credibility is looking a bit shot. I hope the next person to interview him asks him the awkward questions.

You only lose if you sell. If the news is good a couple of pence rise and you’ll be back in the black

Wise move, always protect your capital. I must admit the continued silence is a bit worrying. Surely if the bopd had of increased significantly it would have been reported to prop up the SP. Oh well time will tell

If you are shorting I’d close it now, I don’t think this guy has stopped buying

So they lied in the Rns when they stated, and I quote.
With an average production rate of 700 bbl/d, the well is expected to deliver gross monthly free cash to the Company of US$1m at the current price of US$70/bbl for Brent crude oil (with an approximate two month well cost payout).

Think you are incorrect, we own 100.% of west rustsavi.
With an average production rate of 700 bbl/d, the well is expected to deliver gross monthly free cash to the Company of US$1m at the current price of US$70/bbl for Brent crude oil (with an approximate two month well cost payout).
Taken from the Rns

Could you explain the split please?

We are producing 295 bopd a day giving us over $300,000 a month pure profit. Nice try

It maybe 10p before the week is out. Brent is moving up. We make $35 pure profit per barrel, even at 295 bopd that’s over 3.5 million dollars a year and with a weak pound the exchange rate works in our favour. This could be a perfect storm.

If we can get the oil flowing at the rates we want, the pounds weakness against the dollar will put more money in the coffers.