The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Interesting read Spudsoil!
Other than PH leaving, at this point in time that wont happen , what are peoples views on what we need to overcome historic bad sentiment?
It is 4 weeks to the Q1 results and this share will not move until then and tbh dont think it will move much even with fantastic financials figures.
If you were a director what would be your strategy?
I am thinking of maybe investing a little more to lower my average just before the financial results are published. Is that a good or bad decision and why?
By all means reply: until PH goes nothing with happen. That is your opinion but is not helpful in looking for a way out.
Look at what is best to get some money back!
Ukraine problem has a big impact on O&G....
Nice to see that Geowiz and finally got his entry point and has invested in three sales totalling £6 . Good to see you on board but be careful as it could be all water!
Good day peeps !
Geiwiz you say:
So, do you really want them to spend the last bit of cash in the bank on a side track .......
Forgive me if I'm wrong but is that not what this company is about ?
Also do you know that the cost of a side track is within their budget as will many other side tracks . Oil and gas has gone though the roof .
You also know Q1 figurs is out in around 4 weeks .
I am expecting revenue to be increase dramatically .
This is a perfect time to massively expand our side tracks .
The more side tracks we do the higher the chances of a return....
Share price is low because of past failiars and if as you suggest, we stop all future side tracks for now, do you really and honestly think the stockmarket will say good for bloe they have stopped expansion at a point in time when demand and price is at this current level ?
I am sure Paul will use his time as a speaker to put his view across .
Of equal importance will be the behind the scenes conversations and the press reporting of the event.
The Ukaine situation and the real possibly of Russia holding back their oil and gas will screw the economy's of many European countries. Countries are over reliant on Russia for their energy . They have no real options other that using Russian oil and gas . Renewable sources will happen but not for many years.
As stupid as government's are they must of woken up to the fact that the world has changed for the worse and oil and gas has become a large and powerful commodity that will be used for political gain.
We all know here of the value of our assets.....
What is needed is exposure.....
Constant and never ending debates about renewable energy and wanting to be green is all well and good but .....
Open your eyes to Ukraine and ask a simple question....
Can we guarantee to supply to industry and consumers the energy they require?
Boff...
We have not got a side track date and will not get any news before they start.
There is a Q1 report af the end of march beginning April . Very unlikely to get news before then
Bit confused by your " Bloe has been in decline for a year" quote. Have I missed an RNS? I have studied the figurs and they show the opposite of what you are saying.
I am asking you for your reason for the share decline. My view is bad sentiment .
I understand you last 10 posts all saying its PHs fault and he must go .
What would be of use to me is what you think of block energy over the last 6 months as we need to look at history and sentiment V current position .
I see Geowiz is again saying that the RNS stating cash in bank and side track program is a lie ...
Geowiz it is illegal to issue an RNS with miss information.
I will believe a legal document over your garbage.
I am not a fan of PH but this is not the right time to dump him .
Let's see Q1 and result of next two side tracks . Study the figures and flow rates. Then we can get a realistic view of this shares worth.
The time to sack him was before the hostile take over. This was not done . The Scottish duo would have installed a puppet. Maybe the share price would have improved, maybe not. But that is history and this share is what it is .
I do not like or trust PH but it was a collective failure in the past .
I can understand the total distrust or PH and all of the board members as I've suffered great losses here . But I want what is best for me as a shareholder and sacking PH and replacing him will not happen today.
Future side tracks and Q1 and Q2 results will dig his grave or show him to be moving us forward in a way that is acceptable.
It's pointless for me to sell at this point in time
If you truly dont think Q1 and Q2 figures and a large profit will not move this share then that is your opinion. It will not happen at once and will take time to prove that they are finally doing something right. I agree that sentiment has screwed us but this is about the positives outweighing the negative sentiment. Negative feeling is holding this share back big time for sure .....
But is there a figure that will top the balance?
It will also be more likely to happen in Q2..
I dont know but I will wait and see ...
If you want board members changed please wait till Q1 RNS is issue and give a sound business reason based on the Q1 figures .
Ukrainian situation is tragic and sadly makes our oil and gas more valuable. My thoughts with the Ukrainian people .
Question:
What would be the profit at Q1 if oil is 200dollars a barrel ?
If we making $X mil per year and using the money to finance additional side tracks do you honestly believe the market will not, in time respond ?
Please use logic and back it with a realistic view of where we are today.
Also tell me what you consider the way forward, other than sacking PH?
I respect your view on history and agree mostly.
We are moving forward and the financial figures, along with oil and gas numbers, will be available to all investors. Q1 very soon .
Then we will see a stock rise or fall based on facts that are up to date !
But if enough side tracks are successful then history will become less of an issue
Sentiment v cold hard financial figures:
Q3 revenue at 66 dollars a barrel $901,000
Q4 revenue at 73 dollars a barrel $2550,000
Q1 revenue: around the first week in April
Will include money left over, minus expenses for costs including side track.
The revenue from JKT -01Z
The sale of 19,000bbls and a much higher price that the $1,4 bil quoted at a lower oil price.
It will also show the total overall amount of boepd
From that we can look at the financial figures and compare with Q4
We can also look at overall production figures this will show how stable and what drop off in production is occurring.
From the cold hard financial figures we can see how this company is progressing and I expect a continuation of future side tracks based on success and sometimes failar. There will be hopefully more success but there will be various results , that is oil and gas for you . However the cost of side track is not an issue at this moment in time.
History certainly was a reason for bad sentiment
History as I am indicating about can also prove to me a positive .
That Q1 update will show us facts ......
Market cap 6mil and 656mil shares issued . We have to move forward out of profits and placements or takeover is not a viable option .
MMR
100% and 90% working interest in Norio and Satskhenisi fields
Aquireded Blocks 1X and Block X1b from Schlumberger
3D survey carried out
Agreement to employ Baker Hughes .
Guided the company though the covid situation including cost cutting measures.
Last well a success
Cash positive
Funding for 2 side tracks .
EPU in place and connected to pipework and selling gas and oil
Oil storage facility that enables the company to sell at a time of their choice.
I take it you are a new investor or someone with the need to open upma new account.
That's the positives.
Good morning and my main thoughts are not on Block Energy ... there is a nasty world out there .
Two questions .....
One:
What is the point of constantly filling the BB with negative comments ?
We are all aware of bloe failing . It will not help new investors if the first thing they read is pages of constant negativity. We need to encourage not put off . What is the point of constantly saying PH needs to go ? Other than to make an scapegoat to blame for your own personal investment failure. He is not going unless they start losing money . So we have him for now.
Two:
If you were not invested would you now invest and why ?
Honest replies as I'm interested in your thoughts and in turn getting a return.
MMR
Thank you for informing me that mossman oil and gas is flying . Is that a useful and informative comment? Picking out one random share proves nothing.
Predator has fallen 10% . Also useful and informative.... not !
Stock markets around the world have fallen today....
The market is spooked .
BoD have done well in the last 3 months please comment on where we are now and not keep harping back to the bad old days .
Not interested in history . I got locked in and it was bad however it's where we are now that matters.
It's a share and I look at the simple things like ... is it likely to give me a return?
To form my view I look at all aspects of this share. The main one is where are we right now .
Picking out only negatives is a blinkered and one sided approach to share trading and in my humble opinion is adding nothing to this BB .
Cold hard facts added to a informative look at where we are now is how i do my trading.
But maybe I'm missing something!
Sorry if I am being tad rude but some of the posting is kindergarden standard .
MMR
Original data:
344 boepd.
241bopd
103boe
Brent 80 dollars a barrel
Today's data:
310 boepd
182 bopd
128 boe
Brent 101 dollars per barrel
Conclusion:
Oil output down
Gas output up
Brent oil price up 20%
Gas price also up .
The well is stable and funding in place
Cash flow positive.
I would be interested in seeing how far out is the money return between the two figures. It will show that we are making money. Geowiz please use facts and not constantly point out one negative after another. Put both side of the facts please
My thoughts with Ukraine
Market is responding all over the world to the global impact of Putin .
MMR
Anyone know when we should be expecting flow rates?
Financial update beginning of April is still a long way off .
That will be the big one .......
And hopefully a side track choice and location/date
Slow PR as per normal ......
On pred their management tweet often and I follow them. Their director even follows me! Not because I write anything important but for the simple reason of good PR ... block fail in this and keep us in the dark.....
Good write up holyroller, thanks for input!
What I dont get is why keep the share low? better to let it ride a bit then sell . That way you still control but get money back.
If the Scottish duo gained control they would release the stranglehold and short term raised in share value.
However the personal ambitions of the of the two sharks would not neccessarily be good for the likes of us as the account would be under the control of people with a track record that is not acceptable to me .
Better to sit this out a while longer and see how the next two side tracks go . One sidetrack is not guaranteed to succeed but over the course of 4 side tracks the reality will be clear.
If we run out of funding and have no real success then it's over. However if we do start making money then they will have to concede to market volumn and the market cap will rise along with the share value.
All to play for and tbh the best position we have been in...
RSN 24th Jan
At the current production rate, crude oil price and gas sales price, JKT-01Z is forecast to deliver nearly $500,000 additional monthly cashflow to the Company. Excluding capital expenditure, this additional revenue will make the Company cashflow positive, marking a significant milestone for the Company.
Geowiz:
Repeating the false mantra that it’s making money isn’t changing anyones mind
Are you saying that the RSN is a lie ?