Member Info for ma2brw

Just so I am clear.....combined in February 38z and 16az were producing 423 bopd.

Turns out 16az didn't produce for very long until it was decided to do some remediation work which probably means it was flowing very little.

Can we work out from yesterday what the bopd from 38Z has been?

West Rustavi wells WR-38Z and WR-16aZ (the "Wells") have been on continuous production since 28 January 2021 and 3 February 2021 respectively and production rates are currently 790 boepd, comprising 423 bopd and 1.9 MMcf/d of gas, representing a substantial increase when compared to the rates achieved before the wells were shut-in during April 2020.

Good spot both. Suprised there wasn't an outright bullet point in the RNS stating current stored barrels.

All true but let's not forget PH bought his options with full view of what is going on with 16az.

He wasn't going to buyin if it was a total flop. The new drilling manager must reckon it can do better so we'll see what happens.

It needs 235boepd+ Does anyone know what it has achieved before?

Yes that's my understanding too

As a LTH we are now in the best position possible entering the new drilling period. Excellent RNS with oil,gas and now all the ground crew are at the same base - solid foundations and successful drills will triple our Mcap from here. Brokers note was 7.9p.

Exactly he's clearly waited until things are lined up and if he didn't get in now he'd miss the re-rate and significant news that he clearly knows.

Any directors who throws in £110,000 knows that things are turning positive. He has seen the ow rates as of his buy week, he has seen the 3D plans and has seen the drill schedule. If we know anything we know he is in this for himself. So he's bought at a time where he thinks there's only positive news to come.

A broker note gets dropped then disappears. Looks to me like there was plenty of info to suggest their target price 7.9p

Scamp... I'm also not sure if you're not invested why you bother commenting. Very odd behaviour.

Nobody minds opposing views with rational argument but compared to most miners on AIM this now has great legs ahead. Just patience is needed.

This is AIM at its best.

Can someone explain how the MMs drop the price when little volume is happening? Are they trying to stimulate a buying market or get people to sell on fear.

Very good point - which is why the slow slide seems just plain silly.

This is actually worrying now - seems like we're declining on internal knowledge being dripped down on the QT.

I am using the mantra no news is good news and that production is going well, plan for drills and Q2/3 is being finalised and soon we will get some news updates. But it is not as though we are an exploration company with a pin on the donkey approach. We have some income and great options ahead. Much better position than any metal miners our small oil explorers. I can't belieeve the share price hasn't had a re-rate.

We are so hooked on the gold price which is at a critical point.

Base rates from the US and UK this week will be interesting and we can see a what happens to the strength of the dollar.

This is fantastic - only means one thing. Producing gas and oil - water is limited and we're out if the blocks.

Probably - it is just so very dull

This share is either going to be one of those fireworks where you see the fizz and then poof....nothing happens or we get an almighty screamer.

So far I've been waiting so long my feet and hands are almost frozen off.

I feel as though even if we found a magic money tree in our acreage our share price still wouldn't move. Ha.

Put me at ease has that brokers update. I was confident before now this is only going one way. Now we know why the old boys put a few million in.

Very pleased and to be fair to PH he hasmanaged to turn things around....it's been a long wait and I have wasted valuable capital sat in this share when any other stock has doubled last year but this is coming good.

OK

I genuinely wasn't thinking ramping etc - I'm not into ramping or deramping just knowledgeable debate. It was more to just get the facts out there. The team at Block are no doubt undermaned at the moment and it would be far down their to do list to get a release out to journalists I suspect. But I don't know the fundamentals of how AIM businesses go about their public personna. I can't see anything wrong with trying to get the FT to look into Eastern Europe Gas distribution though - anyway doesn't matter.

Enjoy the board and updates.

I can't see a better investment at the moment, so de-risked from 12 months ago and no competitors to get in our way....just steady methodical gas/oil discovery.

Can one of us (looking at AJW here as you are moat knowledgeable ) write up a detailed pro-Bloe release and I can send it on to the media journalists? I own a PR/marketing agency so could easily get it to the right people - will speak to my team. We don't usually work in this kind of realm I must stress.