Member Info for Mike31

What a lovely piece of writing.
Need to print it out as a reminder of the twists&turns of events that still waiting to be concluded

At leadt I'm a genuine LTH unlike you guys, who claim to hold Bloe but sell out and buy back as you see fit.

On the other hand brag about how great this company is. Your actions contradicts to your thoughts. Or maybe deep down you know PH cannot be trusted

Yes Ojay, the drop this morning didnt cause stress or panic to me one bit. Must have got used to it by now lol

Flat finish today?

Maybe Gary1960

You meant a company that lied to raise funds?

Lol bad choices

Indeed

Bet you guys are buying some Matd as we speak.

Shares go up and down. Only silly people would look at the daily sp

Matd has a few more wells to go. Block Energy can't get one tiny well online, and they gave a very bad estimate too. I wouldn't bag that just yet

Yes right.

The failure of that well was expected in the grand scheme of things.

Not sure for you guys though. Looks like PH is struggling to deliver 16az

Yawn... just woke up

Matd RD had always expected a duster. Wheres the surprise there

The real surprise will probably be PH abandoning 16az after all that hype earlier XD

Thanks Gary1960. Even Matd is not a sure win after all these years of waiting. You either find some oil or you don't, but by far I think I can confidently say our Ceo Mike Buck has done reasonable well planning the drilling campaign, adapting and resolving to unexpected matters, and communicating with the shareholders in a timely manner.

Bloe's prospect looks great. In fact, they might actually succeed in achieving what many company had tried to for years. My view on the BOD remains the same. They need a more honest/thoughtful approach in their communication with shareholders. By the time they prove up 16az, that is when the real fireworks begin. This is AIM after all and there is lots of scope for unexpected "surprises."
"Surprises" as the well may exceed 1400boed after clean up.
Joke aside, interesting times ahead

GL to you Gary1960 and all other LTHs here
I just couldn't bring myself to put my faith in the BOD after the first incident. I'm really interested to see this through to the end

AJ: For the next 12 months Block ARE in the exploration phase, much the same as MATD. The costing shown are up March 2020
Question: hang on a sec, so you are saying the programme is only funded up until the exploration period that is planned to end by March 2020. If that is the case, then they will start to eat into the 12million if they haven't already done so?

Block are already working on Their Storage and Gas metering station, pipe line connections from WR38Z, WR03 and wr16aZ back to Blocks storage area which is under construction.
Conclusion: it is under construction, so basically they have only begun working on it. That sound like last minute planning to me and delays and other things can happen along the way which I will not go into deeply here.
Btw, Matd have already been granted permission to use PetroChina's "already built" spare oil storage compacity and they are just 1km away.

Impressive AJames

Shame none of this is reflected in the sp
Also, there are still concerns over PH integrity

Thus, I believe only an RNS will can re-rate and remove any seed of doubt

bigboffer, please show me where in any of the RNS does it mention / interpret what I read from your post

Fully funded: we know there is 12million in the bank, but nowhere had investors been advised how will they use that money and on which areas to help materialise the campaign presumably. We don't know how long the 12million will keep the company going.

Oil in the ground: everyone is still waiting for an update. We could use 295boed as a pointer as that was the lastest figure announced through an RNS. However, this figure can increase as well as decrease. We still don't know if the Well can commercially materialise at this stage

Storage sorted, land purchased and gas: not sure if I had read anything in an RNS (maybe I missed it) or was it another verbal interview with no legal standing?

Its not about the price KenniGT
Its about credibility, and clarification

As you can see, the sp is drifting back down from today's high of 7.70

Good I didn't listen to bigboffer's advice. Would instantly have made a loss

Nothing has been confirmed yet has it?
Bloe has a 90000 storage facility but what good will that be if there is no oil

It seems the BOD are using the same stalling tactic but this time hiring a mouth to feed drip information.

I don't like the fact the company is still under the impression that they are avoiding an RNS. Have you not learnt from the video interview?

When did I say 2p was coming? Never said that

Nothing has changed, still no RNS...
I'm not convinced at all
Rise on no news is the oldest trick in the book to hook more investors