Member Info for Madmanrob

When PH went on about doubling Georgia's oil overnight (400bopd) then he must of been thinking that the 1100bol/d would work out somewhere around 800 bopd. I think the Chairman talked about 700/750.
Block talk about 300 bopd and improving rates. But after that silence .
Why won't they inform us? If they were producing high figures you can be sure that they would be shouting from the Rig tops!
Am in long term but am not happy with this secrecy over 16aZ and I dont accept that 90/120 excuse.

It may be that I have misunderstood and they are the same thing. but thought I would ask as better to be sure.

1 April 2019 bloe RNS:

Testing rate of 1,100 bbl/d ('barrels per day') on a one eighth inch (? inch) choke significantly exceeds base case production rate

Oil man Jim yesterday :

Block Energy (BLOE) announced the mobilisation of the ZJ40 drilling rig to the 38Z well site. BLOE “will draw on the valuable experience gathered from the drilling of well 16aZ to optimise the completion design for well 38Z” which does not indicate that the “1,100 bopd” 16aZ well was the success that the company claimed, but now does not want to talk about.

Block Energy RNS state results in bbl/d
If remember correctly includes water etc.

Oil man Jim, the so called expert slates bloe for not producing 1100bopd.
Conclusion
Oil man Jim does not know the difference between bbl/d and bopd !

Could one of you guys confirm the difference between the two
Thanks
MMR

Not too sure what our resident trolls are writing as they are filtered .
Looks like a duster attack ?

There is a massive oil reserve that 16aZ is now exploiting. They have found oil.
The next well is going into that same reserve where there is , surprise surprise, the same oil !

The question is how much oil can we get out of the ground ? Bloe is producing oil for storage.
In Georgia there are many companies all doing the same thing and they manage to find oil !

We have another 4 wells funded and I would consider it impossible to not find any oil in an area full of oil .
Plus the gas is also there .
Feel the need to ramp a little to balance the negativity

I find it fascinating that people get totally entranced in their views. If things are going well they will only listen to good things and dismiss any warnings.
The other side is: people looking for someone to blame. They are so wrapped up in a loss that any positives are dismissed as ramping.
I think it is healthy to look at what happens but 16 had been taken totally out of context. Dispite being told that it is producing oil people are not interested in that and instead carry on with the same retoric.

16aZ was PR distaster

16az is making money
My own opinion is this is a numbers game meaning that we have many opinitunitys to gain rewards with gas and oil.

We are funded so I will wait this out

The problem I have is that once a person is unhappy all they do is find negitives and loose their abbilitty to give a balanced view . It is the same with people that defendant all cost how wonderful it will all be.
People understand that 16 is problematic but is still storing oil and quiet rightly look at bloes long term prospects. There are a lot of LTH that are unhappy but believe that given time it will give a return on their investments. All companies have a past, present and future and all should be discussed.

Trolls give unsolicited feedback to people sharing trade ideas or real trades. This feedback is usually negative and comes in the form of an attack and is not constructive, just annoying and rude.

The troll is usually the one against the many on social media they usually don’t have many friends unless they are fake accounts they created themselves.

The trolls number one goal is to get attention and feel better about themselves by tearing someone else down.

Trolls ignorantly attack people discussing trader psychology, risk management, or systems, not understanding what they even mean.

Even though they attack others traders trolls rarely if ever post trades or trade ideas, they keep their own skin out of the game.

Use the filter button

Another sad troll I see.

I see school has not started yet as there is a new child on this BB
Don't bother replying with your perverted dad views as I use the filter on all trolls.

Morning guys
With the rig being activated we are now moving forward and the back to back program starts to gather pace. Each well will be around 4 months before we know true results.at some point the extent of the gas will start to inpact. This work is funded. Underneath the ground is large amounts of oil and gas. 16aZ found the oil plus a little gas but I'm thinking it also found too much water. The next well will go into this oil field but avoid the water.for me the long term probability for returns are high. But will have to wait .
But just my opinion

I think it is very likely that 16aZ has given them problems with water. But I still think it will make money .
The next well will not have the same issue . Therefore I believe that this new well will be a good money earner and better that 16.

10 days to spud, 30 days to drill, 120 days to clean up. Guys this will be a long process . Same for other wells .

Don't know if I can survive another 4 months of this BB, ha ha !

But I will !

Good luck to all the long term holders.

Rig hire activated and that's the total new news

Hi Gary
An interesting though. I guess if you were to add up the total shares owned by investors on here it would amount to a large holding

If you had no money invested would you now be investing at this price?

My thought behind this question is:
We are almost all on big losses right now and lost faith in PH. I see the bitterness and lack of information .
I get that the sentiment is zero. But is bloe a good long term risk?

This BB has become like a school playground with total rubbish being spouted. This is AIM and yes we have money invested and yes we are not happy.

People are forgetting all the hard facts and replacing them with wild accusations and total bonkers oppinions.

Not interested in how good or how bad bloe is. Not interested if you don't like someone's viewpoint.

I invested to make money and to do that I try to gain some hard facts, it's why I read most of the things on here. But my my my, it's hard going.
Thank you to the few who post something of value.

All I am interested in is facts. Bloe is a long time hold and will judge them on the combination of wells 16aZ is producing oil and along with the water it is stored ready to separate and them sell off the oil . In Two wells time we will know how much gas is there . We have funding for now. PR not good but hope for a good return over 2 years .

Just reread the April 1 RNS and at that time I did not understand the difference between bopd and a one that included water etc. In a recent interview they talked about 700/750 bopd. My ignorance was maybe shared by others. A Q,&A issued earlier would have helped with this and other missunderstandings.

Looking forward to update on 16aZ and gas contract. I dont expect too much on first well, But it will be making money.
By the time the next well has settle we should start to see the amount of gas and oil available and hopefully, the infrastructure should be in place to sell. We will then start to see the value of Block.

As each well comes online the combination of oil and gas available to sell will increase. This in return will have an influence on share value. There will be a time scale between each well. But the programme of work is encouraging. There is of course a chance that some wells will not give the returns that shareholders expect. That is a risk I am willing to take.

To call this share a dog is rather premature. I will judge over a period of time. Not on one well.
Some wells will be better than others. But with modern technology I do expect some kind of return.
We are funded for now and I will hold and see how this unfolds. The market have judged bloe on 16aZ news. That is the reality of AIM. My personal though is: if bloe produces at each well then the share value will give me an excellent return. If bloe start to falter then I will take my loss and move on.

Over the next 6 months we will have hard facts issued via RNS, this is what I will judge bloe on.
Anything else is just opinions. But as always DYOR

Enjoy the long weekend

MMR


and results of next well we will be in a better position to see where

I lost on two shares a while back but do not go to their BB everyday moaning and looking for someone to blame
I move on.
If you holding, buying shares or shorting, then fine.
If not then WTF are you doing with your life.