Member Info for scoobyrex

Back into auction.

Just been quoted 1.38. For £5k worth sub 1p for 25k worth. In auction now.

Under cleanup for a month ! knowing the status deadline of the q3 ops report was coming this is **** poor.

You would expect them to have something in a month. They have really told us nothing and leave it to the market to assume the pivotal well is a dud.

Well TD RNS on 9th September. This update on 7th October needing shipment of cleanup chemicals.

What have they been doing fir the last month and why wait to announce this pivotal news in a quarterly update.

I have now lost faith in the BoD and want changes.

But 17 months salaries is closer to £2.5M. Still have enough for another drill snd pipeline connection ?

I don’t like it, but I understand why they did it.

We have enough funding for the next drill as well. Continue to conserve cash ensures this. Paying salaries in cash would of prevented having funds for 2 wells.

Although I’m not happy about the dilution it is better that employees have skin in the game with enough funding for 2 wells.

Just need to hurry up with the flow test results.

if this drill fails, Sclhum and Institutional investors will force BoD changes, unlikely to involve the concert party. I cannot see PH surviving under any circumstance but positive result.

fingers crossed it doesnt come to that scenario and we are all partying like wolves of wall street next week.

Highlights

· 170,000 operational man-hours worked, with no lost time incidents
· Two-well programme progressing, with WR-B1a well, spudded in June 2021, currently testing and preparations for the second well underway
· Total production during the period of 87.0 Mboe, comprising 55.5 Mbbls of oil and 31.5 Mboe of gas
· Oil and gas production resumed from wells WR-16aZ and WR-38Z during Q1
· Oil sales of 41.9 Mbbls, with revenue of $2.33 million (30 June 2020: $313,000), representing a weighted average price of $55.70 per barrel
· Gas sales of 103 MMcf, with revenue of $328,000 (30 June 2020: $nil), representing a weighted average price of $3.18/Mcf
· Memorandum of Understanding ("MOU") signed with Baker Hughes in support of current and future operational activities
· Integration of Block Rustaveli Limited ("BRL") successfully completed, with staff now in one facility, creating a more collaborative and productive working environment
· Cash position of $5.5 million as at 30 June 2021 (31 December 2020: $6.3 million)

I took AJW’s comment in respect of not getting carried away with geothermal.

I should of said flow rates may not be broadly known outside of the technical director and board of directors.

Flow rates may not be known. Contractors would know it is flowing not the rate.

With wireline logging and modern flow meters the data is sent to cloud and only accessible by authorized people.

Feeling a bit down about this situation. Was expecting something yesterday. Now dreading they do an out of hours tonight.
Either way it seems to be a tight ship.

I have a large stake here (for me) and my confidence has drained this week,

The MM's quite often will not give quotes for small amounts. if you get NT try increasing the amount to £2k or £5k worth.

~ " A volcano active in The Canaries tells me the Earth's crust is warming up from the interior, emitting CO2 from the surface in multiples much greater than that emitted by man's exploits. We're on a wild goose chase trying to counteract our emissions on Earth " ~

Are you stating that because we are losing the environmental battle we should give up, and just destroy earth for future generations because your mineral exploration investments havent faired well ? Or because you want to excuse driving an internal combustion car ?

It is the mantle that stores the earths energy being transferred to the crust, not the core. It has been steady state of transfer for billions of years and is actually slowly declining and will do so for billions of years at which point Earth will be a dead planet like Mars. But before that point the sun will be a red star and have engulfed Earth anyway.

The earths internal energy was created by the frictional forces when earth formed, the rotational and frictional forces of the liquid mantle itself caused by gravity and radiation stored in rocks. This is all steady state of energy transfer this hasn’t changed during mans brief time window of existence.

The c02 release from the earths surface you refer to is caused by accelerating the decay of the rotting matter locked in the earths surface at a faster rate. (Dead trees, plants animals ect are a carbon store locked underground).
The earths surfsce temperature rising by increase greenhouse gases is accelerating the decay and release of this captured c02. This is largely due to deforestation, plants not only take c02 from the air slowing the buildup of c02 gases but also shade the surface snd slow the rate of natural surface c02 release.

In addition The tundra has effectively locked in huge amounts of captured c02, as the ice melts this captured c02 starts to decay releasing even more c02. Which causes more greenhouse gases which heats the surface and causes ice to melt faster.

So we need to stop directly producing as much c02.
We need to stop destroying established forests.
We need to plant trees to replace what has been destroyed.
As tundra thaws it needs to be planted with tress as managed forests to have any chance of capturing the c02 being released by the thawing ice.

Is this impossible, no, is it difficult damn right. Mostly down to peoples nativity and wanting to believe memes and conspiracy theories on Facebook rather than researched and peer reviewed science.

The biggest challenge we face is the richest countries have created more than their fair share of c02 are dependent on the poor countries to not deforest. And who is going to pay to turn melting tundra into forests and prevent mineral exploration, farming or other commercial activities, politics let alone global politics is broken.

Your science is wrong, your opinion on mankind is probably right. We need a thanks type character to 50/50 the population of idi

Keeping the SP low. plausible reason could be to Hoover up shares for a takeover. They clearly do not have that agenda otherwise there would of been lots more buying over the past few months.

It can’t be to close a short, they would be insane not to of closed already. Not sure you can even short this stick at the moment.

Maybe AJW venting due to the lack of a rise yesterday on news. But as the BoD have eroded trust on the last drill it was inevitable an announcement without substance of flow rates wasn’t going to cut the mustard.

What it did do was cycle out some weakness in holders. Who now have to pay more to buy back in.

Great buying opportunity now. If Bloe bod had any sense they would release some more news before the flow rates. To get sp support up a leg or two before the big one.

Youngflash. If you post on Twitter you have a public email address displayed.

Here are the 4 questions. This was before this mornings RNS.

Whether or not third parties are operating on behalf of BESG to reach out to shareholders?

How private shareholders are linked to the company and if individuals from Block Energy have reached out to corral the private shareholders group on Twitter?

The nature of rumor's as to the stability of the drilling of WR-B1?

Any information regarding possible misdeeds by the current Board of Directors as well as the stability of Paul Haywood’s tenure?

I have also been approached by a journalist.

Searching her name provides no articles and no NUJ, BAJ or Press association,

No it is not NT to buy.

If your quote is small MM’s do not bother with you. Raise the amount.

Quotes currently at 3.1.

A few gaps to fill. Today’s news was necessary to close the biggest one and cycle through people who are taking quick profits.