Member Info for Mike31

PetroChina spends $45billion to keep their wells gushing. Even with all that dollar spent, production level has dropped off.

https://www.washingtonpost.com/business/even-45-billion-cant-keep-petrochinas-wells-gushing/2019/03/24/75bde476-4e92-11e9-bdb7-44f948cc0605_story.html

What do you think will happen now that we have a gushing well right next to an existing PetroChina facility just 1km apart?

So Block Energy spent months cleaning a well but no increase in flow rate?
Can we assume they have spent additional expense to maintain a flow rate of 50boed?

People are always drawn by the hype, but what they dont realize hype alone never last.
Matd is different, I prefer a prudent approach for a steady rise

Never too late duster. You can still profit 50k if you buy now

What happened to the donating Scoob?
Empty words?

Duster could have made himself 50K if he had bought in before the RNS. Ahhh we did advice you though....

Bloe only appear to be in front because they have changed names. Before they were called Gold Crest Resources.

What happened to all the Gold then? Why the need to change to oil exploration? I leave that for you to find out

Slight pullback very healthy for an uptrend. Further building a strong support at current levels

No, Matd will not face the same that Block has been through. PetroChina is right next to us already with facility agreement in place. I won't be surprised if further deals are taking place.
The harsh winter will not stop negotiation talks, and or further data analysis.
Dyor

Mike
lets have a little wager.
If Bloe breaks 8P within the next 10 days, you stop posting on this board.
If MATD breaks 4p in the same time frame. I will sell my shares bought at 2.9p and donate to your chosen charity.

Aint forcing you if you don't wanna but you made the deal. Aye, I go have an early nap

Scoob,

stick profit donate

Tnx

Now its time to make some serious money.

What kind of bb would abuse people for selling out. Apparently Block do. At the time, I was one of the few who saw through the lying Ceo. I sold to avoid the drop from 17p-4p.
There were other holders who sold out and instantly got verbally abused and accused of being short. Their board has no moral.
End of

Dozzawba if you dont know the full story, then its best not to comment.

Block Energy guys thinks the Chinese are after their 600bcf gas

My response to your post is very simple.
Who would you trust more?
Mike Buck or Paul Haywood?

Just look at their career history, achievements, number of years in o&g, also level of trustworthyness.

I think the answer is pretty Obvious

Dont forget

-Heron-1 is just one small area in the block
- PetroChina is next door neighbour 1Km away (could be a farm in)
-While Heron is shining like a star, we must not forget Gazelle isn't over.

Conclusion: lots of potential upside from this level. Expect consecutive days of blue, maybe a slight healthy pull back at some point, but don't be surprised to see another boom when PetroChina news arrive

Looks like Matadors will have a fat turkey this Xmas
Block holders await another pork pie from their Ceo

Exactly Manro
Utter defeat for the Block bashers

Of course it will open higher than 4.40!
Everybody knows this is sweet