Member Info for NigelHaemoglobin

Odd trade coupling occurred for me recently, sold just under 80k BOR shares (ord trade) followed 8 seconds later by a broker selling EXACTLY the same quantity as auto trade.

What the phark is going on?

Afternoon

Anyone have time to put together a page of links? The idea would be for example, three links to PH’s recent online interviews, the super penetrator tool ie http://www.maxperf.ca/video-gallery.php

Any other useful links ie Block Energy presentations. Little bit busy this week, might be a task for an investor new to E and P AIM oilers even.

Added just under 40k shares this morning, onwards and upwards!

Evening

Yes we see it as evidence that our own due diligence was correct, there is little doubt that Mr Ferguson’s examination of the investment proposition is of the highest level. Good luck to you all as well.

Sorry not the clearest post, I was trying to find an example from my limited knowledge where gas reinjection is imperative for petrophysics reasons (Bor) to compare with a project where reinjection (or sale) of gas is required for environmental reasons.

Very good finish today. Onwards and upwards.

Have you discussed the news that your exec chair has built a massive private holding in Block Energy? We are quite impressed over on our board. What's the Solo story these days?

You are correct fecm, in the Darwin case gas, once stripped of manageable alkanes for onward sale. The business uses the term ‘LPG’ for Butane and Propane. Dry and hard to manage Alkanes ie Methane and Ethane will be reinjected. Pentane is liquid at room temperature.

A similar approach will be used in the NFB but apart from the use of anti-paraffinics/vacuum insulated tubing etc and the complexity of the former fresh water environment (leading to complex fan structures, snaky rivers of reservoir etc) Pmo do not have the complexity of condensate blockage to contend with. I would recommend researching this, fascinating stuff, all kinds of fluid dynamic effects to understand. Forchheimer equations for example. It would be a good idea for any newbies or non-tech types to study condensate reservoirs, if I’m not mistaken condensate is possible in Johnson: there is an opportunity for a Darwin type gas reinjection project. The West Falklands ought to have been surveyed for an LNG train by now, missing the boat in a globally expanding business. Thousands of acres have been lost forever to minefields, the RE gave up after two amputation incidents after the war and just fenced them off.

So in your development you observe producers and reinjectors. These may change over time, one for the oilers, FDP engineers etc. Not my field. Condensate is an extremely valuable liquid, helping to solve the forthcoming shipping fuel oil problem!

Don’t really see the point in quibbling over 2p Carrot, at 9% of today’s price. For the spreadbet mob maybe. In a way gradually accepting Brexit is a healthy attitude, must be great to be on the winning side lol etc.

If Rees-Mogg, Ratcliffe and Dyson, all Brexit blowhards throw ALL of their billions into our country, displaying great leadership I will be massively impressed and supportive. Ratcliffe sucks the most, our young people really need investment and our armed forces need those valuable tax pounds now destined not to be paid.

They are virtually all offshore wealthy you know, the Leave rich men, lets get that wonga into our systems here in GB.

There are gas discoveries in the huge list of succesful target horizons tested, associated gas will be reinjected for the moment but a small scale GTL project is always possible. Having taken a few days off during the (pointless) EU elections, as we are leaving. Maybe, just maybe the new politicians will take a risk and support the world class SFB gas discovery? Make Britain a truly independent nation again?

Starting to see some positives in a few months of political chaos now, maybe the required project approval from HMG can happen now without too much noise? For the speculator 22p must be a good entry surely? Going for a cautious, speculative buy rating for the moment.

Yes LTH from SL appraisal small holding then, fluctuated up and down a lot though but not 'trading' in the technical sense, I've posted on BLOE as well having started a position build on Apr 1 and have a few others, mostly off the radar which is a good thing.

No shorting at all but have no issue with others derivative shorting, disapprove strongly of naked shorting and do not use brokers who borrow nominee shares.

There is a reason why the SP is 22p and it has nothing to do with Carrots. Relatively safe price to buy? What do you think?

There’s no point Carrot, Rockhopper has become in a way the simplest of propositions. Out of all the complexity ie licence requirements, FEED, FPSO LOI’s, P.O.O etc etc only one critical factor remains, ukef. Their process is complex but after a week of grave doubts it is evident that this key risk is built into the SP. The only problem is that most PI’s are betting shop gamblers but that could be a positive in a way.

The SP appears to indicate a 5% chance of success, plus or minus. Any offers over that? Must be miserable for the guys who bought at £4 all those years ago.

AJW thanks so much for the comprehensive reply. Yes, going to try and refrain from reading anything energy related and posting.

Good Weekend to you and a very good crowd of investors.

Good luck with the cranial apparatus that nature has bequeathed you Ralph, you are going to need it!

Good Weekend All (others). Anyone else in Block Energy? Looking forwards to hopefully a great spread of news.

Same carrot, reverted to my previous logic that failure is mostly built into the price. At no time has this share followed a value generation curve. Very few advised HNWI’s have bought at higher but lower risk prices. That’s it now, Sam’s utter bombshell re the pivotal input of HMG has mostly sunk in.

As for Ralph’s post I sincerely hope that he does not realise the implications of his comment regarding SAMA. They would be totally outraged to be honest.

Great post as usual AJW

What do you think the probability of unitisation agreements are with Schlumberger etc in the contiguous licence areas? I am hoping that further discoveries in West Rustavi in other stratigraphic zones will straddle the licence boundary. That would almost certainly leverage in a high value farm in (dependent on what we find).

It’s worth remembering, perhaps for new investors to this type of share, that such business transactions can be extremely valuable. It’s not just about volumes, fluid type and flow rates.

Ralph the deal or no deal which we British are given affects greatly how our future trade treaties are formulated. Thats point one. Two, political chaos which we are observing increases in my view, the probability of a Crypto-Marxist government. Three I merely made a point that the demographic of immigration is already changing, due to Brexit, away from Europeans in favour of MENA and other areas.

Its not remoaning dear boy but analysis. I am certainly looking forwards to restoring some dignity to this board offering the idea that in the event of success, we should all make a generous donation to our Sama men and women, some of whom became training staff in certain formations which a few of the more senior in age holders benefited from...

Nigoil your last sentence was quite extraordinary. Leaving the complexities of the fossil fuel industry aside put yourself in the shoes of a resident living in a British Overseas Territory.

Still, Brexit's going well. Huge reduction in the European peoples coming here but an increase from everywhere else.

Morning Boffer

The EGM is purely procedural, 99.7% of the votes will be in and the meeting will last 6 minutes. No info will be forthcoming apart from some discussion over coffee about what is already public.

Unusually, as a med to long term investor in several sectors I bought a few earlier as a weekend trade, you can really feel the energy here now. Expect articles in the press over the weekend once all the city boys have all their mates onboard.

Why? because the events of the last three years have created the environment of chaos which Marxists both enjoy and benefit from. With Corbyn and the other batshit mad nutjobs in power my decision would be to withdraw from here and other shares in totality.

Quick Q, anyone have any examples of massive rerates in AIM E and P over the last say eight years? excluding Serica, Cove etc. Not HUR FFS, not exactly a rerate. Please do not offer baseless SP increases but massive rerates due to fundamental performance.

Not Rkh, Des, Gkp, Jog, Rmp etc etc etc but companies which achieved goals and maintained value up to take out or long term strength and promotion to the main market.

I'll be pro Brexit when evidence of genuine patriotism happens amongst the wealthy. I have done one, not invested a penny here since 2016. That will change when the funders of the leave campaign develop leadership.