Member Info for Madmanrob

If I remember correctly PH was saying 8000/10000 bopd within 2 years without the gas. That may be optimistic but the probability will be that all our wells will have reserves, some more that others and even half that figure will give bloe massive free cash to use.
We have the funds to drill these wells in a proven and establish place. The infrastructure and ability to sell is coming together. All the news coming out from block is positive.
If you do the sums, even without the oil then this does look like a share to hold.

Until revenue from oil sales come in we will not see the true share price. The market has been with the sellers , partly due to the massive Milton sell off. But the following few weeks/months will see a more balanced share price. Then the true value will show.

Have a good weekend guys and let's see what Monday brings !

I got in early but got caught out at 17 mark . But that's shares for you, I lost my great average but the fall in shares gave me a chance to reinvest. Sitting at 12 now. The bottom line is do you think this share will go up? I believe they will and base that on the news, both positive and negative. Milton was not what we needed but all other news keeps me here.

Milton selling and no news on oil sales have kept prices down. Milton must be near to their selling mark and oil sale news has to come. It does explain why our share price has not gone up. Another thought is that even with such a large sell off our shares are still in a strong starting place. Milton did not sell because of their value of Block Energy worth. My view has not changed and will hold and wait.

Better not be any rain as I'm on my holiday !

I have sold my shares with a nice profit. I think bloe will be the one to move first. This is a great share and will closely monitor its progress and wish you long terms holders great success but do think it will be a little bit longer before this one pops. But just my opinion!

Okay.
Bottom line is we are here to make money and I have waited for bloe to grow, also got in at 3.20 but only small number. So here's to happy days. We are almost at the point where this share will move fast and reward those who waited.

Wow some people are so smug. Does not matter what you buy in at . This is not top trumps! Would you also like to tell us how big your house is and anything else that makes you sound important. Grow up dude and respect people.

It Is looking good for the near future. Just got a small top up 12.09 .

To me it looks like everything is in place but still no upward movement in price. There are many reasons and thanks for replies. I fell that the final short term part of the equation will be the profits generated but the oil sales.

Thanks , will look up .

I am guessing that the market value of block is based on profit and that with each new well the profit will go up . What is the time scale of increase oil. 16az will be the starting point but how long before each well come one line ? Every three months ?

To make money you need luck and good research. I first bought in at 3.60 but mess up on the mad rush to 17 . Average now 12. I have accumulate a lot of knowledge about bloe over this period and with the help of sites like this I can build up a fuller picture of the risks associated with a share. This point I make is that you need to buy in at an early stage and be prepared to ride out the storms and sometimes loose. Even now it is a great time to buy in. If you wait too long you will miss out on the high profits. Shares like this will move very quickly and could double in no time at all.

PH is building up everything in this company to achieve and maximise the full potential of Georgia's resources. We have raised funds and have great support from GOG and Government. Everything is coming together for Block Energy. The money raised is being well spent . Over the next year this will become a the share to own and buying in now will give us all a large profit. If the gas potential is unlocked then who knows how far the shares will rise. To date we have had an amazing amount of news. This is a firm hold and wait share for me. To accumulate you first have to spend. To date we are not making money and this is what the Aim market looks for. But over time the oil will flow and the price will correct to a true figure
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Ah but water is good in hot weather, oil only good in winter months.
Just wait and shares will move up again !

For once shares take a back seat as I enjoy a pub afternoon with sport . Our shares will soon move up and..... Is it my round again !

Sorry just noticed that spell check had change the name . Sorry !
Reabold Resources

Reabold Resources RBD. Look in their share chat on LSE . Got small number of shares with them and UJO .

Red day but still up . UJO and Reaborn worth a look as they are moving along a bit .