Member Info for Piscator1

Pete, I guess some only look at the boards when there’s a RNS or a volume spike ,but if everyone here buys a few tomorrow and it ticks up that might encourage others to look in. Unfortunately I only had enough cash in my account to buy 83k but if one of my other stocks ticks up a bit tomorrow I’ll be in for some more.

Here’s the link to the decision of the Competitions Commision: https://www.compcom.co.za/wp-content/uploads/2023/02/Statement-on-the-latest-decisions-by-the-Competition-Commission-03-February-2023-.pdf
See para 1.7
Approval by the Ministry of Mining must be a mere formality now.

Looks like we’ve had a few weeks of stealthy buying here now. Nothing big enough to really set tongues wagging, but friends and family would be first to know if the winter sales programme has been successful.

According to Georgia Today the Georgian Dream party have backed down following yesterday’s demonstration and withdrawn the proposed legislation. Power to the people!

https://www.share-talk.com/rns-hotlist-with-zak-mir-ana-ensi-sym-fran-eco-fcm-ptal-bloe-vrci-tlou-afc-frg-syn/

Note the comment from Zak Mir, albeit with a typo.

Those are huge quantities of oil and gas for such tiny areas and highlight how attractive the rest of Block XI B has now become for a much bigger farmout deal. Hopefully GOG Ltd will make an early start on drilling once they have finished evaluating the seismics.

Well that’s sealed the Georgian Dream party’s fate in the next elections and it won’t directly affect BLOE anyway as they are neither a NGO nor a press agency.

They cannot be sells because (a) they do not have a delayed reporting trade flag and (b) if you check the trades over the last three days that’s the highest price paid.

How sad is that? He sounded like a lovely fellah and remained stoical to the end. Got to hope that BLOE comes good for the sake of his family.

Chesh seems to be missing in action. Hope he’s OK but in the meantime a little reminder as to why the gas can be monetised immediately: https://mobile.twitter.com/BlockEnergyplc/status/1512008244025298957/photo/1?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1512008244025298957%7Ctwgr%5Eaae0921b5e2828668bd1f63589d5a715cccd46d0%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Fquery%3Dhttps3A2F2Ftwitter.com2FBlockEnergyplc2Fstatus2F1512008244025298957widget%3DTweet

Let’s not forget that unlike many other wells which have no gas infrastructure nearby the significant gas discovery they have here can be monetised immediately thanks to the gas pipeline which was laid to the well site some time ago. We should be thankful that they had the foresight to do that, and that is why there have been several decent buys today despite some of them appearing in red thanks to the spread.

Thanks Rocklawn, if I didn’t already have over 4.5m of these I would be a buyer here, but it’s a sit on hands job with that level of exposure. Hopefully we’ll see the quarterlies next week and some volumes.

The well is clearly not a complete disaster, only encountering problems when they got to 2275m and there’s clearly some pay coming from the section up to that: “ Intermittent testing has produced some dry oil with zero water cut and high gas volumes, despite the wellbore issue. The well will now enter an extended well test period during which oil and gas will be sold whilst data is acquired to optimise the completion design.” No reason to sell imo and let’s see what figures they provide in the quarterly update.

That’s true, but they are probably in a closed period now ahead of the final results, so the Nomad might frown upon any tweets which provide an indication of how they are doing.

There’s still a lot of snow in the mountains but the well site should be OK. More to the point that late reported 2m buy might be an indication of some positive developments.
Chesh have any of the market makers changed their positions since it appeared?

All it will take is a few more buys now and we’ll have a chart breakout above the recent high.

As you mentioned literacy bitsas004, perhaps I should point out that the word you wanted is spelt ‘believe’ not ‘beleave’, and you obviously aren’t very good at geography either. Otherwise you would know that cities are generally warmer than their surrounding countryside. Here’s just one of many articles on the subject: https://theconversation.com/why-are-cities-warmer-than-the-countryside-53160 . Also Tbilisi is at a low altitude in a deep river basin compared to the surrounding countryside - which is more likely to be affected by snow.
I doubt that it’s affected the latest well site much as it’s not in the hills, but BLOE’s base at Dido Lilo is, and is only accessible by minor roads, so I am just saying that it is likely that they would have had difficulty in delivering items such as casing for the well bore, a Christmas tree for the well head, and storage tanks to the well site.
Having said that I am not here to make excuses for the company, and am as frustrated as anyone else that they have not sought fit to update us since the tweets dried up over a month ago. I am just trying to suggest some logical reasons for the silence, and the Nomad being absent from his desk is another one.

For Patpill’s benefit the Nomad is the interface between the company and the stock market. All news releases have to be cleared and fact checked by the Nomad prior to release, so no Nomad = no news.

burnbankbrian, I’ve called the Nomad multiple times this week about the issue but it’s gone to voicemail every time, so I dropped him an email yesterday morning, to which I’ve had no response.
Got to wonder if the lights are still on at Spark Advisory Partners, and if not that would explain the lack of any RNS until BLOE can find themselves a new Nomad.

For the benefit of the snow deniers, just take a look at this and page down to see the different dates:https://agenda.ge/en/news/2023/734

You should be prepared to cut the company a bit of slack in the circumstances imo.