Member Info for Mike31

Hepseal, the point is any element of doubt is not reflected in people's posts. It is unfair people are posting without the slightest bit of honesty.

Why feel the need to ramp the share and only highlight the good points (which some of them have not even been confirmed yet). Eg: talking about generating profit when clarity is still needed for 16az.

They are createing an illusion for newcomers and blantantly there to mislead. Many so-called LTHs revealed they are rather more classified as traders (selling out and buying back). Again, why can't they be more honest about it. At least I have the decency to say I sold out at 14p right at the spot.

Going back to the share, why is there still no RNS? Has any of the regulars here questioned the progress of 16az, apparently not! They will tell you everything is proceeding just fine but how do they know?

Balance and concerns relating to the company is all lost. I suspect the people that are locked-in are desperate to get out. My honest words!

Thought this was a minimum two years hold for you Madmanrob

I did say from the very beginning to be cautious

I'm still here btw. Just hadn't been looking much

mms collecting shares for a bigger push up

Explains the share collecting on Friday

Next step: JV!

Well done to all those that had the guts to hold, including myself!

I did warn a few trading out is not a good idea

Now they will scramble to get back in!

To be fair, I did say they may have to pay a couple of pence higher

AJames: Time is running out indeed, not for me but for Paul Hayward. Another wave of impatient investors will jump ship if he doesn't get the news out soon

I bet its a down day tomorrow. The sp will be driven down on no news, those ficking bankers

AJames, what talent you got with all your work of fiction. Should have become a book writer with all your imagination and seams of narrative

Understandable dusterhater.
Respect for your determination to stick to plans

dusterhater, would you consider positioning yourself tomorrow as it could be the last chance to buy at these prices?
If you had listened to the presentation, the team strongly indicates a discovery at Heron, they are just not allowed to say 'its a sure thing' and hence given it a 75% or better chance of success.

Could see a rush to get back in tomorrow imo

Jrloma, why are you referring to the July RNS and not the recent August RNS?

Those were estimates during and prior the period of July and in August it was RNS'ed the well is experiencing problems.

If I were to travel back to the April RNS, it tells me
Block Energy Plc ('the Company' or 'Block' ): West Rustavi 16aZ* well production at a stable rate consistent with 1,100 bbl/d test

Are we now getting a stable rate of 1,100bbl/d?

You are referring to the RNS before the ballse-up. There were NO RNS to confirm the rate is flowing at 295boed! Only an video interview, which in the form of 'word of mouth,' had there been mentioning of the well will be increasing after clean up. If you are going to trust a video interview, you are falling for the same trick twice.

295? There has been a change in circumstance and you cannot take that figure as a guarantee. Nobody knows the exact figure, fact.

Jrlomax. how much oil is Bloe producing then?

I still think Matd is a more developed company with the exciting prospect they have, all 100% license and over 75% COS appraisal Well just 1km apart from major PetroChina producing Well. Not to mention PetroChina have readied spare oil storage capacity available for a discovery.
25mmbo potential for just one of the wells.

Bloe, not sure what is happening as the BOD seems to be hiding technical issues from the market or so it seems. Until 16az is officially announced, there are still risk of a non-commercial well. If that happens its back to square one but with Well38 still to go. It really baffles me when people say the bad news is already out in the open, no its not!