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PR and media are key in any company . I do not buy and sell shares on what people write here however there are a large collective of people on this and other sites that have a great knowledge of this company . Combined you will find our shares are large and we are finding our voice ! People look on Twitter and they also look very much on LSE.
It is time to use the media to our advantage and very happy to read the post today highlighting what appears to be very dubious behaviors from so call oil expert! Keep it going is my view.
Big Boff are you with us now ?
A very comprehensive report issue by block . It has all the information required to understand what they are doing over the next 18 months . They have the funding to get going with this program and each new venture has a pay back time scale.
From my initial scanning of the documents it looks like the real money will be coming in after January. Then if I understand the graft correctly there will be 4000 boepd.
A steady rerate has to happen and a good long term hold .
This is excellent as was the brokers report but why is it not being publicised to the media . If your not invested in bloe you are unlikely to have read this or the brokers report. Very inept marketing .
If I was a short term holder or needed my investment money back I would be pulling my hair out .but I invest for long term gains. Have to say this is taking a lot longer than expected but the rewards are there .the wait would be better if we were not in the red. Always better for your mind when shares are blue.
Time scale will be in my opinion 3/18months with each new positive RNS moving it along a little or improving sentiment. The stampede of buying will happen but not yet.
At some point we will be producing what the infamous PH quote was eluding to (doubling Georgia production overnight) that sent the value up to 17p . We will be near to that value soon . So if a simple statement got that massive rise what will a number of documented RNS do?
We were producing 940 boepd and now produce 555 boepd. That is a drop of 385 boepd.
WR38 amd 16aZ produced 790 boepd with the remaining 150 boepd being made up by the other wells .
I cant find what 16az was producing on it's own? Any one know?
To get a better understanding of this news we need to look at what the production rate of 16aZ was before the new works were started then add this to the 550 boepd figure. I expect the flow rate to improve after the work programme is finished and be higher than the previous level of 940 boepd
The sum is:
Todays production rate plus 16aZ
The other news is strong and good for the long term future.
As for the share value a 385 boepd drop will not excite investors. However we are now starting to be derisked and have a large funding in the kitty .
This still remains a long term hold and over the monthe and with continuing positive RNSs we will in time see a very good return.
Good morning everyone, just catching up on yesterday’s bb . Not too much of interest but I do look in most days as there is some excelente posts that are well worth reading.
As with all bb you get your clash of opinions, that’s normal and personal spats are unfortunately a part of life. I just tend to look at the posts that are related to my shares trading. But do enjoy people’s thoughts on their world . I want a Mini Moke for my beach life!
If, in the business world if you need to investigate and research a potential avenue of income you do your own research or employ an independent person. On here we have many individuals who do this for you free including both the positive and negative sides of the company . The article are facts based with their own take on where they think the company will go. The facts are facts added with the individual’s take on what they think will be a likely outcome. Some are dressed up in the writers personal views but in between the flowery use of words you can gage peoples thoughts based on research. My life is derisked so share trading is fun.
Keep up with the posts and remember each post is simple the persons take on things.
Do your own research and trade on what you consider a good share.
A little rampy thought:
We have all become negitive and rightly so.
However.......
We have had the ground surveyed and taken over a vast new area and kept the previous owners onboard as shareholders. The directors have shares and we have funding and moving forward. We will have many bites at the cherry .
My ramp is:
Oil and gas is a risk and a numbers game. There will be dusters and none commercial wells but there will also be profitable wells .
One of the thrills for me in oil and gas is finding a monster well. Its a numbers game so why not?
END RAMP !
I would be annoyed if its lower but gut feeling is it will be better . Problem I have is , 16az went on forever waiting for news and the reason was total failure so when we dont get regular information we tend to look at history .
Documented production levels suggest that the wells are stable and they will be able to produce a bit more in the way of income.
For me the risk other than a total FU is low and the proibillty is that I will start to see a return on my investment. But the time scale is longer than I wanted.
I do believe that the first good news will give the share price a boost but long term value will need to be proved.
We have a cash revenue now and over the next year or so we will add to this cash flow. Not all wells will be commercial but with the information block have they should add to this revenue. The more wells we have the more we spread the risk.
We are in ISA tax year end at the moment and many are selling and rebuying to avoid tax . This can have an effect sometimes but for bloe it is lack of news .
This is only my opinion .and always enjoy reading peoples take on this share.
"You can check out anytime you like but you can never leave . "
No news/No volume
No volume /no share movement.
For myself I look at my average of just below 3p
6p nets me just under 10k
One thing that will happen is we will get news. When is the question.
We know what is expected as a minimum and even that will add volume and share value.
This is the stage where our investments should start unlocking or give a return.
Not easy to to sit on this one but business head says Hold .
Great article posted on the Scottish investors. We do not want them taking control . PH is moving us forward in a positive way. So the hunt for the red dot continues. It will appear one monday morning !
But as always DYOR
Just watched the interview again .
They have funding for the next stage .
What is clear is there is a lot of opportunities to make money .
Their strategy is:
Get as much revenue as possible through new wells and improving the existing wells. The revenue will depend on results of course .
We have an existing revenue and each new well will add to the overall profitability of Block Energy.
We will also be farming out to derisk but this I think will be at a later date.
We are making money and should add share value with each new addition .
The million Dollar question is :
Will the new wells, in an overall context, cover the costs?
Bloe have spent a lot of time researching and increasing their position in Georgia. They must be in a position to know what is in the ground and all the signs appear to be positive. Not all wells will be commercial but some will . My hope is that with each new input of money to the bank they will have the funding to spud even more wells without the need to ask for more money. Without a sound reason that would be suicide!
The interview was useful but did not tell use much that we did not already know. We still await facts and financial figures.
Just my take on this and DYOR
Enjoy the weekend !
Still a good entry price Bobby. My average is just below 3.00 . I think that once a few months of decent news has passed this share will start to reflect it's TRUE value.
Good or bad the next 6 months will indicate the future .
And yes it is possible that we have some bad news but it will be balanced with the cash revenue now being generated. The news at the moment is positive so let's stay with that and wait confirmation.
With no news there is little volume. Without volume the value of the share price has no driving force to move it up or down. We have stagnated and this encourages people to sell and due to the placement guys getting their money out it meant that each time it passed 3:00 they sold a little more. This held the value down and discouraged new investors. I do not know if they have finished their selling. I hope so but time will tell.
This is where we are . It is also a good moment to invest . I should of waited before reinvesting but what ever time scale I invest in, the bottom line is I would now be building a strong position .
All the LTH know that if the next RNS delivers what has been documented previous , then we will breath a sight of relief and the volumes will return. What has been documented is a strong indicator the Block Energy are starting to do very well and intend to build on the new revenue income .
Good PR and RNS giving us exact details and financial information is what we need.
It will and has to come and I look forward to that 7am, red dot on a monday morning that hopefully will make me smile.
Almost there guys!
But DYOR ......... it looks ok to me!
JD , just read your post. Excellent words summing up where we are . I had to filter Boff a long time ago as his views were extreme. One day ramping none stop and then this vendetta.
We wait and we wait ......
I feel this will reward us in the long term. Pity our shares got locked in but a return in value will come.
Predator Oil & Gas Prepares for Future Drilling Operations in Morocco
The company will commence rig mobilization in Guercif between March and April.
By Safaa Kasraoui
Feb 21, 2020
Rabat – The agreement between British company Predator Oil & Gas and Canada’s industrial firm Star Valley Drilling for oil exploration works onshore in Morocco’s Guercif, eastern Morocco has come into effect.
Predator Oil & Gas previously announced drilling plans in Morocco would begin in 2020, and issued a new statement on Wednesday to announce updates on its projects from the Guercif Permits I, II, II, and IVV.
The project covers an area of 7,269 square kilometers and lies approximately 250 kilometers “due east of and on trend with the Rharb Basin where shallow gas production has been established by SDX Energy Plc for several years,” according to Predator Oil & Gas.
The British company owns 75% of the projects and operates in a joint venture with Morocco’s National of Hydrocarbons and Mines Office (ONHYM). ONHYM owns a 25% share of the project.
The recent statement from the British company said the agreement has now come into effect. Rig mobilization can occur between March 15 and April 30.
Predator CEO Paul Griffiths is satisfied with the operation, saying the firm is excited to “be taking another major step towards executing its Guercif drilling plans by exercising our option to take up the drilling rig.”
“The high proportion of commercial gas discoveries recently announced by SDX Energy Plc in the geologically similar Rharb Basin demonstrates the attractiveness of the Company’s investment case for the potentially larger drilling targets at Guercif,” he added.
The British company holds a license for exploring gas in Guercif for a span of eight years.
Last year, the company announced a major discovery in the region, extolling Morocco’s “enormous potential of natural gas.”
The company’s finding on the Guercif permit shows “recoverable prospective resources of 474 billion cubic feet for the Moulouya and Tagi prospects, targeting the Miocene and Triassic,” according to Morning Star.
Morocco is satisfied with international companies’ exploration work in eastern Morocco. Morocco’s Minister of Energy Aziz Rabbah said that 13 companies are exploring gas in Morocco.
Rabbah, whose statements date back to December 2019, said the gas wells recently explored in Tendrara in eastern Morocco will meet 30% of the country’s oil demands.
Rabbah added that the government has invested MAD 82 billion in the energy sector.
My view is okay this happens and I have a little more money arriving Monday and great a lower entry price.
We raised money and the people that helped now want their return so they sell.
More interested where the price is in 3/6;months time.