Member Info for Madman-Rob

*************PredatorPRD

Tree shake and profit taking.

We know this share will be higher.

Thinking of buying more as this is a very attractive share.

I think the general feeling here is that this is a share that will move up in value.

The tipping point has not been reached. So it's a hold and wait.

If we carry on adding new producing wells we will re-rate upwards.

The MMs will do their tree shake and people who have not research will panic and sell.

Q1 result was predictable and therefore the market is not adding value. News adds value and looking forward to PHs interview.

I hold and look forward to making money on this one.

A fair value and a value the market puts on a company is not always the same.

With hype on 16az well this share went to 17p. It turned out to be mostly water. People lost money and bloe rightly got negitive press.

They are now producing around 660 boepd and the price is 1.7p.

I do think history is holding back this share price.

If you look at Q1 and add the new well, plus future wells and farm in, you can see a company that is moving forward and one that is profitable.

As to value it's certainly underpriced. But I think Q2 result and another producing well will start the ball rolling.

A tipping point will be reached.

But just my personal opinion.

When is Paul doing an interview?

Solid Q1 results.

Q1 production of 36.0 Mboe (Q4: 34.4 Mboe) or an average of 400 boepd (Q4: 374 boepd).

We can also add the new well that will bring the boepd production into high end of 600/700 boepd. This will generate a large revenue and will fund addition wells.

There is now a strong foundation to build growth.

My personal target for bloe of 1000 boepd should be reached this year.

We now await news of the next well and farm out information.

Q1 is showing a company that is moving forward.

Q2 will confirm that.

The market is often slow to pick up on thing and may take additional news and Q2 results before we reach a share price that reflects our true value.
But the last few weeks have shown that people are now looking at block energy again and Q1 results are healthy!

Looking forward to the news on the next drill.

Good chance of Q1 results on Monday.

It's will certainly be a solid result and should raise the share price. Q2 will be a better indication but Q1 should be a good starter.

It will will helpful if they can give us additional news on upcoming drill or farm out information, but that may well be for a later RNS.

You would think people would buy in today on anticipation of news.

Have a great weekend guys!

Today's a good day to do your isa as very little movement. With the big daily gains of the last few day it was not the best time to sell then rebuy in.

Started on my Predator journey over two years ago and ended with an 8.51p average.

As a retired person I tied up a large amounts of my personal savings. It was money I could risk. But still my hard earned luxury money.

I have watched as the share value fell on MOU-1 drilling results and then the mud issue. We also had placements along the way. It is not enjoyable watching many thousands of pounds depart in a blink of an eye. 15k drop is not for the faint hearted!

I can understand panic and needs to cash in your shares or de-risking. We all have our own strategy.

I have researched and read all of the views and opinions offered on this site and other forums. There is a wealth of knowledge available and given for free. Plus a few that add nothing, I've filtered them!

We had not tested MOU-1 and felt the market did not understand what the potential was.

MOU-2 mud problem is simply a problem and will be overcome. The mud seal added to my research and is encouraging that the prize below is potentially life changing.

We needed funding to maximise the potential and now we are in a position where there are 3 opportunity to prove up Morocco.

There is also many things going on behind closed doors. Hostile or negotiable deals are there. There is interest in this company.
We will need more funding but that can be achieved in a number of ways.

We still have Ireland and T&T.

I am happy to hold and have never once been tempted to sell. PG is the largest shareholder and wants the same as all of us. Maximum the potential and sell.

Now with the MOU-3 drill, followed by testing, we will start to see what the research indicates.

Good fortune guys!

As they have scrapped the salary scheme it would indicate that cash is now not a problem and will be generated by the 600 plus boepd now being produced.

Q4 revenue of $1,840,400 (Q3: $1,833,000)
Q1 revenue will be somewhere in the region of Q3&4
Q2 will be a lot higher.

Alarm clock set for 7:00.

Great day!

Hillybilly1.

This is a share that has not done well in the past and I removed it from my portfolio. However it is now a very good share and if you bother to research you will maybe understand why people are now investing.

I'm showing a 22% profit. With Q1 expected that profit will grow.

Can't see any water!

Thanks Boff !

That's 12 M a year.....

Cool if we can get there....

It's looking likely we can achieve 1000 boepd by the end of this year.

Without any additional news, other than the program of works to reach this target, what is the likely generated income and profit from 1000 Boepd?

Trying to get a clearer picture of what the share value and Mcap will be based on this alone.

We have not reached that target but it's now looking like a good prospect.

Any feedback appreciated!

0.30p up .....

Market likes today's news ...

That's without Q1 results !

Commenting, Paul Haywood, Block Energy CEO said:

"This MoU reflects the strength of government support for the development of Block's assets, which will be helped by the sharing of data and other cooperation initiatives. In particular, the MoU supports the concept of a long-term gas offtake agreement, which is an important part of delivering value associated with Project III and the 1 TCF contingent resource identified."

Another important step forward.

Encouraging to see positive posting. The reason is, of course, we've had positive news, with more to come!

I really hope all the lth will see a return on their investment.

We have turned the corner and are now self funding for the smaller, re-entry, of existing wells.

The more profit we make the higher the share value will be. This will also create the money required to spud new wells.

That is massive and means we are now in a strong position to add additional boepd and revenue.

There will be varying amounts of revenue generated from each new well. Some will be better than others.
The overall production numbers, of the multiple wells, is starting to look like a good prospect and the market is starting to take notice. Q1 will tell us where we are.

If we can push this program hard we will see a big re- rate of the share value.
1000 boeod should be achievable this year. I do not know what the share price will be in the coming months but the infamous 16az pushed us to 17p.

The combination of production from this program of works will certainly increase our revenue and price.

The important message coming from block energy is they can now finance this program.

We need bloe to drill, drill, drill !

Enjoy your bank holiday Monday!

I have filtered that one ages ago ....

:-)......

This is hopefully 3rd time lucky for me.

Yes the new well will not really impact on Q1 results but certainly will on Q2.

They have worked on some of the existing wells to try and tweek a little more out of them. Even 1 boepd is 365 over a year. Every little bit helps !

Have a great weekend guys !