Member Info for NICODEMUS63

Evening Whirly. Maybe the seller heard a whisper that he could double his money by Christmas buying Block Energy.

Otherwise, life circumstances can change in an instant- maybe his Mrs caught him having cocaine fueled frolicks with a couple of hos John Entwhistle style.

A more likely scenario is that everything to do with LBE is going on behind the scenes. Investors will buy or sell upon hearing titbits of information that may not necessarily be correct. You only have to look at the excitement in some quarters everytime Dave posts, when info is scarce anyone they think.is in the know is pumped for what they have...or not, as the case may be.

Exactly Muckle, that's why I think we will be ok in Ireland. I didn't realise that burning peat was bad for the environment until my dad moved next door to a retired manager from a peat farm. Lovely bloke, told me that none of them working their had any idea, they all thought it was a bit of a natural wholesome thing to do. Suppose until told otherwise..everyone thought asbestos was great as well because of the fire related deaths it prevented.

Another interesting fact is that a lot of younger Irish greens are left wingers more interested in social issues than environmental ones. O & G is a relatively well paid industry providing long term jobs and security. I'm secring future employment for workers from Kinsale and Corrib, as it slowly declines will be important.

Add to the peat is the fact that at the census 9 years ago, more people were heating using oil (mainly kersene) than gas, if I recall 44%/33%.
Our gas will clearly be more eco friendly than peat,oil or fracked gas so unless they can come up with a viable alternative for energy transition, I'm sure the more radical greens will just have to suck it up.

Jaytee, whilst not a full blown pessimist like Geo or Bedex your glass is certainly less full than most. The figures for wr16 definitely weren't pie in the sky, it was what was flowing at the time, choked to 700 bopd because it felt like 1300. The engineers didn't wish to let gush at full throttle as it may have collapsed the well.

Now clearly that was a result of massive water pressure rather than oil, but I don't believe for one second anyone, Paul Hayward in particular knew that. Not even Borat could have kept a straight face telling Malcy or Proactive that we had possibly 1300 bopd knowing that it was going to turn into 90% water in a few weeks time.

There in lies the rub Tesla. Like me until very recently, you've assumed that ESG was all about eco protection concerns with carbon reduction, saving rainforests, coral reefs etc.

I'm sure that was the idea, but the 'S' is now being touted as 'Social' rather than "Sustainable'. A article in the Investor's Chronical a couple of days urged caution regarding one of my investments, Rainbow Rare Earth, despite ticking all the eco boxes. They said it would fail ESG on 'Social' would you believe, because the government in Brundi doesn't truck too.much political opposition.

Looks like yet again, the West is deciding to dictate elsewhere that everyone must emulate our systems of government irrespective whether it leads to ethno religious massacres, civil war or complete breakdown of society e.g Iraq, Libya, Syria...

Has anyone else noticed that politically charged acronyms have a life of their own. Those who 'champion' the notions are designed to represent are very often the type of picky tossfaces who are never happy leave things be.

Thus ESG; Environment, Sustainability and Governance has recently morphed in Environment, Social and Governance.

Gives the the righteous more ammunition and and easy target the size of a barn door.. Quite clearly a country with a non democratically elected government could have some very sound Sustainability programmes and that simply would not do.

Luckily, Ireland and T & T should definitely pass muster. Morocco is questionable, but as one of the most liberal, (both politically and socially) Arab nations, we should be free from the attentions of the 'Social' zealots.

I've noticed that politically charged acronyms have a life of their own. The type of people that swear by them are the type of picky tossfaces who are never happy leave things be.

Thus ESG, Environment, Sustainability and Governance has recently morphed in Environment, Social and Governance.

Gives the the righteous more ammunition and and easier target. Quite clearly a country with a non democratically elected government could have some very sound Sustainability programmes and that simply would not do.

Had a little £2k top up this morning but had to do do in 2 separate hits. Can"t be much stock floating around so thought a very good sign.However, looks like someone must have had to sell £1k worth in 2 separate hits soon after.

Not expecting any news in 2020 but notice gas price taken a real hit in the past week so that could well strengthen our negotiating hand. I can only presume poo and po NG at time leading up signing of a contract figures significantly in what we get for our buck.

So long Bedex. No point hanging around to.make some real money....you'd have nothing to complain about.

Good luck anyway geeze, each to his own...

Great article again Tesla and published in The Irish Times rather than an obcurec article in an industry magazine. Energy self sufficiency is bang at the heart of Irish government and politics and we are soon to reap a rich reward. The goalposts are moving as the reality of the situation sinks in. If we don't want US fracked, we don't want UK gas pipes from Scotland, we don't want to issue any fresh exploration licenses...

In come PRD

We are selling non fracked LNG, plus as a Brucie Bonus ur FSRU is out of sight, out at sea and out of mind.

We have an existing licence to drill

We have CCS EOR which may allow them to extend the life of the Corrib field past 2030 or at least help them make the most of it by increasing production before then

I'm in a very good mood this morning, Block Energy in Georgia is flying, I'd love to see them use our EOR, there must be wells all over the former Eastern block using old Soviet technology and pumping well below capacity...

Just noticed Sefton wrote a rather nice message to me on the RBW board, should have read it before throwing shade because he doesn't like Flagstaff. Apologies Sefton, I'm sure that they will come into their own to your liking sometime soon, Paul's no.mug. He wouldn't keep them on if they weren't doing a good job behind the scenes.

Anyway, shouldn't mention other companies but MEM has today so I'll take another liberty myself, a. because RBW meets a green agenda b.today de Peffle Johnson has announced new disel/petrol engines banned in UK from 2030. All those new EV engines will be using neodymium and praseodymium, not to.mention the wind turbines that he's promising to fill the North Sea with.

Green is the future-my advice is to think ESG in regards to every medium/long term investment you make.

Exactly GRH, Flagstaff have more important things to do, like deal with government ministers, directors of multinationals and senior civil servants than keep pumping out good news stories to.keep insecure PIs smiling.

All you ever do Sefton is **** off Flagstaff. If you are so displeased not to see a tick up, maybe you don't have the patience to be in a stock like this. I have put half my retirement payout in here and I'm not moaning or sweating, neither need you.

Our day will come.

Morning All

Further to Wacky's post, I think that we are pretty safe from radical environmentalists, irrespective of the fact that we are one of the greenest o & g plays around.

Let's look.where we operate on shore, because on shore o & g sites far easier site to picket and demonstrate than off shore and it isn't just environmentalist shutting on the attack. There are indigenous pressure groups in Canada, the US and Peru right through to Tory controlled county councils on the Isle of Wight and in Surrey.

T & T is the third richest nation by GDP in the Western Hemisphere, largely as a result of their Petro-chemical industry. The populace won't be wanting that to change anytime soon and our presence will undoubtedly create new jobs and help the industryretain existing.. They will all be aware that they are many times more wealthy than Jamaica, one of the most violent crime ridden societies in the world. I'd say opposition to our presence will be negotiable.

Morocco, desperate for energy independence, currently spending a large and (hopefully) unecessary proportion.of the GDP on importation of fuel. Our operations will not only bring decent well paid work, but the money saved on importation can be better spent elsewhere on infrastructure projects creating more jobs.I'd say opposition to our presence will be negotiable.

Which leaves Ireland. Thankfully our operations, whether drilling Corrib/Rams Head or building our FSRU will be out of sight and out of mind as out sea. On the off chance that the Irish eco lobby are ruled enough to launch a marine eco assault, Greenpeace style, as Wacky says, are they really going to pick on o & g minnows like PRD /Theseus
whilst there are bigger multi national fish to fry?

More good stuff putting CCS at the front of everybody's mind. For anyone new to PRD or greenish stocks Carbon Capture and Sequestration/Storage I've seen both used.

What is great about PRD is we are going one better than merely safely disposing of CO2. We aren't just storing it in rocks, we are using it in Trinidad & Tobago for Enhanced Oil Revovery I.e. getting depleted onshore oil and gas wells flowing again, thus less need for fresh drilling which is obviously great for the environment.

What I like about this article is that it is ITV talking about a British government initiative rather than some obscure engineering journal talking about a foreign company's is usually the case.

https://www.itv.com/news/2020-11-16/government-to-help-fund-four-carbon-capture-and-storage-hubs-in-the-uk

Great to see a good few new names on this board as well as us old lags. Whether you just bought in or could never be bothered entering the fray before, and it has been challenging at times in the past with a lot of very negative posters unhappy with substantial losses, welcome aboard.

Where are our resident gloom merchants today?Someone send out a search party; Hillbilly Heroin and Geo are missing in action. As for Scamp the Dogger, he must be too busy watching...

What will it take to move President, all looking good early doors but looks like another flat finish. I'm in Block Energy and we had a decent RNS this morning and we are up 30%.

I've had a very good day so can't complain but I've never owned a share where the market is so unimpressed with good news, what will it take, drilling molten gold??

4.39p paid. Happy days

4.30p paid. Come on my son.

Let's all be grateful that the market has responded positively to a decent RNS. It bodes very well indeed for when the board start issuing serious cracking ones regarding sales and income.

It isn't always a given, nor sure if anyone else in President. They have issued a whole host of great RNS's but nothing seems to.budge the price more than a smidgen.

Thanks for the clarification GRH,

That's great to hear. All we need now is to drill some gas and bingo, supply the ready market in Morocco where I've read that natural gas prices are higher than elsewhere in North Africa. Then if we have any spare, we can set up as competiton with the Algerians to sell to Spain and Portugal.

All looking very custy indeed sir.