Member Info for kelsbells

On how much ast paid for this super valuable asset ? no I don’t think you did

No one can ever give an answer because the truth would be in it

Why would you think the market cap is undervalued at £15m .. is it because of the £200m npv? Remind me how much did ast have to pay for this incredibly valuable asset ? Anyone?

The field had an npv of 200m when ast got their hands on it, can anyone remind me how much they had to pay for this mega asset? Surely they paid a hell of a lot for it as it was definitely so valuable

Quite a bit of glass half empty cynicism in recent posts..which I completely understand. For what it’s worth AC did tell me that after c-37 and c-30 they would drill virgin well zen 1 and then probably drill next to or sidetrack z-21.

The cash burn with a tiny team doing nothing but preparing for the upcoming meeting with the fda is utterly preposterous

600bopd will not get you to 15p but good luck

600-700bopd would give Bloe a great solid footing to kick on from over the coming months and years but I wouldn’t expect 20p as a regular share price until you prove you can do it again and get to 1,500bopd

When you start producing it’s all about the revenue you’re generating month in month out, the rest of the possible prize in your asset doesn’t come into it until you prove you repeat consistently and get it out of the ground again and again effectively that’s why industry experts use the general rule of thumb of £40m for every 1,000bopd

It doesn’t ..companies who actually produce have a different reality to companies who explore/speculate and sell a fantasy to the market that they’re sitting on a potential monster licence

If Bloe get around 600 bopd then you’re about the right share price at the moment. 1000bopd should take you to about 14/15p . General rule of thumb is every 1,000bopd puts £40m on market cap

It is definitely a possibility cliff as there is no doubt that some very murky things still (and always will) happen in business whenever corporate self interest and human beings innate ability to be open to taking back handers collide. Someone could be looking to Phoenix Iclaprim I.e.push motif to insolvency and then take the asset and down the line claim the prize of approval for themselves. A gut wrenching thought for long term holders and one I most definitely hope doesn’t come to pass. Roll on fda meeting and some common sense prevailing!

Gunthorpe I’ve been here over 2 years and currently have a paper loss of just under £150k so believe it or not I’m rather keen to understand what may happen if we finally succeed and looking at a peers performance after a big result gives a strong indicator

I’m interested in comparing their sp increase on the size of result they got, and thinking ahead to what might happen to us when hopefully we succeed

Sea putting to one side the difference in your holdings, do you think a success at a similar level here will have a much greater impact on the sp/ market cap than currently experiencing there? If yes why ?

Sea I would suggest that BLOE are having a bit of a sp shocker considering the level of result they had yesterday. The is giving me a slight concern/reality check about what we can realistically expect with a great result at c-37

At the start it was to be 20p + then for the last year It has been circa 10-12p but I think now I would be pleased to get out (if at all possible!) at around 7-7.5p

Sorry gunthorpe not interested in 3p or investors who may be inclined to sell at 3p, good luck

rocklawn the only strong demand is coming from our finance/account team every month telling AC we need to raise more money as another month has passed without getting to our stated objectives and there are different financial balls to be juggled... one thing I know to be true is long termers here genuinely deserve some success

What’s also slightly worrying for us is the current sub optimal share price performance and market cap of a peer after their incredible result yesterday