Member Info for Mike31

Malcy is not allowed to say anymore as he is a public figure and must act neutral in his speech. When he said QUITE RIGHTLY SUSPISCIOUS is all you need to know that he is hinting a hidden message.

Block Energy 13:06

https://total-market-solutions.com/2019/08/13/malcy-talks-oil-gas-xiii/

Easy to say that, you guys sure look to be panicking with the organised personal attack LOL

Even I would have thought the sp would start to rise a bit by now, but obviously not!

Shows how the wider market dictate Block Energy for their recent activities and lack of clarifications. Trust and credibility gone, one of the most important attributes of a start up company.

Looks like this is only going one way and that is down!

I think YOU need to soak it up for trusting the wrong man. Otherwise you wouldn't be on a HUGE paperloss.

All you can do now is stress it out on the people that have pointed out facts about the company.
Grow up, your actions shows how disgusting you are as a person. Nobody is interested in you. This is a share discussion board

Just as a word of warning I have been screen capturing your verbal abuse, name calling, and constant use of foul language.

You guys already fall under the category of cyber stalking, accusations, and abusive text. Its totally unacceptable.

are 2 very sad individuals. What happened to the filter? Feeling the need to follow wherever I go and post on my thread.

2 old geezers who cannot accept another opinion. Don't upset yourself too much. It ain't good for health LOL

SXX on my watchlist is showing a 90,000% increase LOL

Somebody wants these sharea

Time for a bit of conspiracy - Just for fun only

Could Petro China be the one who have bribed Mongolian Officials because they know and want the oil that we have close to their block...I'm talking crap again haha

Anyway guys, just sit tight. Its not like we haven't been through similar scenarios back in the Bergen days. I know its stressful, but nothing will change by you getting frustrated.

I'm sorry to say jim, with our current situation the sp have more chance of dropping than rising.
Then again, Matd is a share that can rise on the back of no news, who knows but there's hope.
All in my opinion of course.

Starbuck: I fully agree with you. Unless the board is very confident in resolving situation and within a reasonable time frame, if not Heron should be plug to minimise damages.

Abandoning Heron is not the worse. I would be more keen to see how quick the board to remedy the situation.

I know I am jumping the gun here, but lets assume Heron is abandoned. Key points I would like to know is how quickly can we revisit the Well (if unable to continue this year) and how will our board tackle similar situations in the future

As said in my last post, I would also like to know how will the board make up for loss time. Will they have an alternative plan and can they execute it effectively for the remaining drill season.

What will happen, happen. Lets just keep calm and wait for next news

Although I love to see an RNS stating issue resolved tomorrow morning, however I just don't see it happening. Anything that goes through the government I expect 2-4 weeks.

People wishing to see it resolved within a week will most likely be disappointed. Causing panic sellers and so on. I am happy to be proved wrong though

What is important is our Ceo Mike Buck should be getting involved in alternative plans for the worse. I do not wish to see another year wasted when time is precious. We have other well located in other areas but whether the drill standing at Heron is technically fit to perform the job on other locations remains a question. Time, petmit, and transportation costs is another matter.

This is the time to see if our Ceo Mike Buck has what it takes to get us over the bump on the road. Another word of warning is there will be doubters understandably, so expect the sp to rollercoaster?

The level of abuse and personal attacks on this board is absurd. If you cannot accept another opinion, then investing isn't for you. All I have posted is the company's communication has been poor and it is evident that the goals are not very clear in sight. Yes, there are potentials, but they remain potentials at this stage and the doubts and risks exceeds the said potentials.

Answers we all like to know:
- Well16a first announced to deliver an expected 1100 boed. Initial flow test 295boed. Cleaning up well takes 90-120 days. Production level should increase (but it can drop as well) and by how much?

- Paul told us the plan is to get all 3 wells up and producing by the end of this year. This again looks very unlikely given we are already into August. If 16a takes 3 months to clean which brings us to November at the earliest, what about the other wells?

- Most recent RNS was about Well 38Z. It’s all good that they already have plans to begin work on the second well. However, no mention of Well 16a nor the other wells. I expected the company to say something like "Well 16a is in cleaning phrase and expected completion date to be approx X weeks. We will update the market on due course."

There were also no details of the operational plans going forward, which shows the lack of professionalism. I expected they would provide a 'REVISED' time frame as bringing all 3 wells online this year is looking very unlikely. If everything was on track, then they could have said "All is in due course and the company is continuing its plans to have 3 producing wells by the end of year." If dates have been shifted, then I expect them to update the market and say something like "Well 16a is expected to complete cleaning by X month. Well 38 is scheduled to be sidetracked in month X with an estimated time frame for completion in X weeks"

The Company is preparing a set of Frequently Asked Questions ('FAQs') for publication on its website. Why not make it easier rather than all the confusion? Releasing announcements through RNS ensures company information is accurately in full text and in industry-leading formats. It also holds legal liability. The fact these guys keeps dodging makes one very wary of their integrity.

You guys are missing the point. I know some people have invested heavily in here and are down a sizeable chunck, but you gotta face the hard facts.

No good ramping this everyday. Many here are not even LTHs, they are just trapped in here. Of course you want the sp to rise back up, its so that you can exit with minimum loss. You hope some other poor dude to take the baby off your hand

What happened to the filter Gary?

I had not been posting on the Matd board that often because everything is informed through RNS with honesty and the goal is clear. Yes, it was a slight surprise but Mike Buck was not the one at fault that the local authorities suddenly jumped in.

Back to Bloe, its been a pile of mess and very confusing not just for PIs, but Malcy too. PH is shifting the focus left right front back. Today, he is talking about well 38, not long ago 16az, next month he could be hyping about the gas and forgetting about both wells.

How is that good communication? These guys are running Block Ebergy in the same way they did with Gold Crest Resources (before the name change). If you are an investor, or looking to invest in here there are many question marks still awaiting to be answered.

Says it all really

Malcy writes a few words and it is more convincing than the thought of the 'few realists' put together on this board.
Basically, he is saying a different version of what has been said many times over and over

"Block in recent weeks has been incredibly confusing and yesterday’s announcement did not address that matter at all"

Worrying times

oneandonly1: careful now buddy, you will be labelled a deramper and get all sorts of verbal abuse

Before someone else says it " I bet you are looking for a lower entry " LOL