Member Info for Maladoni

He promised an interview a while back, clearly didn't happen thus the sour grapes today. Still he must think he has influence. I think he does but like his bucket list it's shrinking. NOISE.

Think that's a little harsh Tony. This is a public forum after all. I think most posters are genuine and we are all hear for the same reasons. There's the obvious rampers/derampers of course but that's just noise. The purile name calling has no place for sure. You're always going to get people speculating because this has the potential to make them real money, it's only natural. I've learned a lot from posters that I'm grateful for, and some posts have made me go out to the web to verify or learn for myself.

I'd hit (it)

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, announces that, in order to bring its financial reporting into line with peer companies and to carry out its year-end work when there is a seasonal reduction in operational activities, it is changing its accounting reference date, with immediate effect, from 30 June to 31 December.

Didn't they move the year end 3 months?

Said a few weeks back they wont bust an asset for short term gains in market sentiment. Reassuring that water isn't coming directly from the sweet spot. Let's get as much of the black stuff out of the ground as we possibly can over an extended period of time.

02.05.19. 17p
04.06.19. Placing confirmed.

I'd hope one reason for the delay is because they are implementing a more robust reporting strategy. This may entail numbers being verified over a longer period. I think perhaps after the well was shut in, they experienced unforeseen issues. We then had the delay in the release of news which when it dropped was below expectations. It doesn't mean the next update is also going to be bad, we could easily be heading North of 500. I doubt very much we'll get any future promises of "news in a week" (remember his surprise in an interview when he said it's been that long), unless there's 100% certainty that its deliverable. Not fact lads, just opinion.

Thanks SEA7, nice and simple. Fingers crossed the 3D finds new reserves not as yet factored in and the medium term prospects are given a significant boost alongside a prudent strategy of under forecasting and over delivering (sounds like the lessons have been learned).

Hold on Mike, just going to dust off the crystal ball....

Agree totally Franco.

Thanks Clumpet. Was doing some reading yesterday to understand the process and your post has helped a lot.

lambs and oats?

Technicalities Captain, technicalities.

I find the PH bashing interesting. It's illegal to mislead the market. So you have to ask yourself this, as a CEO of a company would you risk all that you've built and are building for the sake of one well? I doubt it. Have they hit technical difficulties not foreseen, probably. Man that's business, its not all does eat oats and lambs eat oats or we'd all be CEO's. No doubt this is a set back if but your here for the long term I'm positive we'll recover.

There’s one or two persons here who bleats like you say. It’s just noise. Nobody listens, we aren’t idiots.

Much to my thoughts VJAS. We've had lots of boundaries and this well looked like a six and everbodies reacted like its a dot ball when we've hit a two.

"t remains in the ‘clean up’ phase to recover lost drilling fluid and the rate will be gradually increased over time to establish a sustainable flow rate."

It's a four ffs once the cleaning has been done. Regardless current MCAP reflects published flow, it aint going down. Roll on the 3d and the gas. If the MD is guilty of getting carried away then we are all guilty of it, but he knows the bigger picture much better than we do.

GLA.

"it remains in the ‘clean up’ phase to recover lost drilling fluid and the rate will be gradually increased over time to establish a sustainable flow rate".

What's the alternative, spunk the resource to gain some short term sentiment? Ejits some people, this is standard practice.

This reminds me of the Red Dwarf episode "Qurentine".

Anyhoo, I'm sure the king of the potatoe peole will be along soon enough and put all of our minds at rest.

LTH's aren't soft in the head. It's just noise. Ignore it. Who cares about day traders, good luck to them though whatever floats ya boat we're all in it for the same reason.

Wow so you can buy a share at a certain price and it can actually go down. You’ll be telling me it can go back up next.