Member Info for Mike31

Petro Matad's management has been great so far.
They say, they do and within the estimated time frame. This in itself put themselves aside other aim companies that say and don't deliver

Petro Matad is in another league drilling 4 wells in one season. Finding commercial oil is one thing, but their schedulling has been dead on accurate.

Heron already reported oil show
Red Deer has always had a low COS
Gazelle has 50-55% COS
Velociraptor will be announced according (as the company may focus on bring the Well(s) online if proven a commercial success)

Surely, one or two will come in.
Whats not to like!

Cant accept an opinion SwearinNige?

Gazelle has 50-55% COS. This is definitely the bottom of the sp. All that is required now is patience

What is all that rubbish
Why not just release news and move on good or bad (Matd have with the RD duster, and today spud of Gazelle)
The way Bloe is ran is appalling

All the way up to 2p

Nice rise. Good that I held

Well, theres not much Malcy CAN write is there
The point is the BOD need to release some real news good or bad

The Block Energy Team
The place where many man has put their dreams
Little did they know it would leave them clueless
Its time for a wake up call. Ph is no fool
Investors were sold a big fat pork pie
But this shall not be the end of their demise
Tomorrow is another day
Hoping for 300 barrels per day
Aim is a casino
Leaving investors with nothing but sorrow

Post of the day Cautious11
Those are exactly my thoughts too

5 star colonel once we announce the commercial flow rates

Even top chef with license can make mistake when it comes to a puffer fish. Rumour says if you have tried it, you will be back wanting more. People risk their life for the tase of the pufferfish.
Maybe once in a life time, but I dont want to die young

Its like what a salesman would tell you before you buy - all the good bits (1400 boed)
After you buy, you begin to notice the not so good bits, and no after sales support (still producing 295boed? who knows)

Only an idiot will eat a Bloefish and expose themselves to the risk lol

SimonT

Sounds like they are determined but in reality struggling to deliver
295boed looks 50/50 to me by the tone

I totally agree with SimonT

Block has announced that they have appointed William McAvock as CFO and importantly a member of the board. He has plenty of experience and enjoyed senior positions at Gulf Keystone which would give anyone the experience for Georgia. Appointing an experienced CFO to what is a good quality board is a wise move and hopefully he will be able to add much in the important coming months.

I met with Block CEO last week as I hadn’t seen him for a while and like others had been confused by some of the recent announcements. The 16a well at West Rustavi in Georgia came in with exceptional test rates earlier in the year and was shut-in due to a shortage of storage locally which has since been sorted by leasing at a facility owned by the GOGC. As I understand it the well will prudently ramped up whilst enjoying excellent net backs of some $35 pb at $65 Brent and whilst achieving production rates such as were found on the exceptional test is unlikely, time will tell on the correct rate.

More recently the company announced that a rig had been mobilised to the site of the well 38Z still on the West Rustavi field where a horizontal sidetrack is planned. This well is updip to the 16a well but both are targeting the Middle Eocene formation and will be followed by three other wells across the field. As previously announced the company are in the process of acquiring a 3D seismic survey to accurately establish the optimal locations for production.

It would be fair to say that recent communications with shareholders and potential investors has been somewhat patchy and the company are determined to get back any lost ground. Today’s RNS starts that process and it is worth noting a new IR comp on the ticket, other plans such as hiring high quality industry specialist consultants is also in progress. Finally, Wi th it’s placing above the current price the company are determined to do anything necessary to regain confidence in the company the share price, I will give it the benefit of the doubt due to its high quality assets.

This looks like the sp is on the road to recovering the news from this morning

Get your facts straight LB28. I'm not promoting Matd. Some peeps on here like to use Matd like a revenge platform because I hold shares there. I am only posting in response to unfounded comments like 1p on duster etc when they like to compare the two companies

Spot on AJames, I sold all my Bloe shares back in May. No way I'm buying in before any formal clarifications.

From someone who bought in at 17p LB28?

I bought mine at 3p and sold at 14p when I saw through PH. You guys at the time were shouting 20p. Never did you had the slighest doubt of Well16. Now all revealed, and you still do not admit you have been misled.

Just wait until the company come back to tell you Well16 is not producing commericial quantities (a possible scenario)