Member Info for NICODEMUS63

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UJO up 30% this morning and AAOG down 10% - get in there if you fancy a white knuckle ride of quick profits or losses-

Patience is needed with BLOE, all in the fullness of time, our time will come....etc

I see no chance of this dipping below 11p again, must be day traders selling thinking that they are better off trying to nick a couple of percent elsewhere.

AJW, one more quick question if I may before I log off the weekend- We are getting paid at Brent -$9 with existing infrastructure in place but it is apparently up for negotiation. Presumably once storage and pumping capacity increases we'll be in a stronger negotiating position- someone on the board mentioned we could be selling at -$5

Is that being over optimistic do you think?

Do we want oil to rise? At the moment we seem to be pretty unaffected with it's rise and falls. Surely better for it to be at bottom as our output hits thousands of bopd rather than hundreds- that way we get to benefit from the upside when it comes.

I have that much confidence in this company I'm intending on holding BLOE for a couple of years so I can be extravagant in retirement. PH has everything he needs now, spare cash for development and committed iis who've put their money where their mouth is and are backing him long term.

He doesn't need to keep dripping good news to raise the sp a penny or two- why should he? better to build business under the radar without the attention of hoards of day traders and short term private investors constantly grumbling that the share price has been flat for a few days. With all the additional shares now floating around we should actually be very grateful that it has remained flat and not seriously dipped.

SwearinNige- re Gas ' Worth $1.6B today circa'

Is that total resources estimated in the ground or per annum?

Does anyone else have difficulty getting their heads around the pricing structure of natural gas? I see it quoted in both cubic feet and cubic metres and in hundreds of billions, quantities too great for me to get a clear picture of what the gas side of our business is potentially worth.

At the moment natural gas is priced at $2.41, is that per cubic foot, metre or a thousand cubic feet or metres? Any assistance would be much appreciated.

Thanks IANAA for pointing that out, panic over. I was starting to think conspiracy theories as ships should have indeed made international news.

Still, as you say this I believe is the first act of violence in support of the embargo so now more than mere sabre rattling. No fun for the families of the tanker drivers though, who are probably just trying to earn a living. They may not have even known that the oil the were transporting was of Iranian origin.

No need to panic- road tankers not ships. Still, suppose it's significant in that the US did so in order to enforce sanctions against Iran, which does show it's getting to be more than mere sabre rattling. No fun for the families of the tanker drivers though, who are probably just trying to earn a living. They may not have even known that the oil the were transporting was of Iranian origin.

3 Syrian tankers containing Iranian oil blown up last night by US planes. Almost complete news blackout, picked it up on Oilprice.com but no mention on any proper news channels only blogs.

Don't know what scares me most, US hawks intent of kicking it off with Iran or the orchestrated news blackout. Wonder if it's just the UK where we don't get to read about it, could have something to do with Trump landing in Biggin Hill today.

Can't see how this won't affect Poo- you'd naturally assume it would push the price up but who knows, Poo seems to have a complete mind of its own.

3 Syrian oil tankers containing Iranian oil blown up last night by US planes. Almost complete news blackout, picked it up on Oilprice.com but no mention on any proper news channels only blogs.

Don't know what scares me most, US hawks intent of kicking it off with Iran or the orchestrated news blackout. Wonder if it's just the UK where we don't get to read about it, could have something to do with Trump landing in Biggin Hill today.

Members, you honestly shouldn't let external factors over which you have no control, particularly the Poo and PMOs
share price affect your happiness to the extent that it does. I can't deny a spring in my step when things go well but it's really not good for your well being to stress over the drops.

To succeed in this game, you have to be prepared to lose all your cash without losing any sleep, that's the way the universe works.- Forget what your shares were worth once and wipe with a clean sheet. Maybe worth selling out of PMO and trying your luck elsewhere because as long as you are still in here, you'll always be looking each day and comparing what you had to what you now have and that's not a great thing to be doing.

BTW I'm out of PMO now, got all my eggs in BLOE, not half as exciting but far better for my day to day sense of calm as small oil companies aren't affected to the same level by Trump's moods. I'd recommend you try investing in something of a similar size, I no longer find myself cursing the man when he knocks a $ or two off poo for some ill thought out tweet or off guard comment.

At what market cap do people reckon BLOE's price will start to follow poo up and down? I've noticed that on sharp rises or drops of poo, mid -tier companies such as CNE,PMO,TLW almost always rise and fall with it but many of the smaller ones seem to be unaffected.

Fastmoney/Big Bench - I'm making it $17 million p.a. on 800 bopd conservative estimate (WR, Norio and Sh) not 1500

$60 X 800 X 365 = approx. 17m

if you are looking at 1500 bopd that would be £35 million pa on existing resources alone before a bigger choke at WR, additional wells, gas or rental income from the Max drill

Thanks for the explanation Clumpet- this company just keeps giving, we just keep picking up positive tit bits on an almost daily basis. - this really could end up decent additional earner and not just hard cash from royalties- Imagine Schlum begging us permission to use the Max drill, makes you wonder what concessions we could squeeze out of them

Morning Clumpet. By' exclusivity and royalties', are you meaning the Maxperf tool? If so, do we own it or part-own it, have first refusal.etc.?

Brent now trading $11 higher than WTI. I've been in oil 9 months and sure this is the biggest difference I've seen. WTI's been typically trading around $-8/-9.

I seriously reckon WTI is in for a kicking over coming months- usually conservative leaning Americans in rural areas starting to get mighty upset about fracking sand turning their water a rusty colour. Not to mention hostile Democratic judges and politicians taking the opportunity to show environmental credentials by refusing permission for new pipelines going across state owned land.

No Wideyed- it would be for a month-

8000 bopd x $60 = $480,000 per day

x 365 days = $175,200,00 pa

but that's oil alone- if the gas is worth say $75,000,000 pa Gizzard's not that far off

8000 bopd x $60 = $480,000 per day

x 365 days = $175,200,00 pa

I thought I'd stuck my decimal point in the wrong place- add to that gas and the fact that Paul's trying to get the Brent $-9 renegotiated in our favour and the sky's the limit - These figures are astronomical

Thanks for the clarification AJW, much appreciated. The way things are moving we'll soon be getting paid more than WTI with transportation and marketing covered to boot. Nice