Member Info for scoobyrex

It’s odd, they start in the red with a higher ask and NT on large quotes.

Really is like they are trying to discourage.

G.P Jersey (Frazer Lang) increases stake from 4.19 to 5.02%

I can get quotes for £3k & £5k at 2.7p NT at 1K and 2.5K

MM's playing the same games as in February

Will accept small trades and big trades (£5K plus) at full ask regular size trades 1-2.5K they are going NT.

Trying to get bigger trades, or reduce number of trades not sure why they do it, from my perspective it turns off buying rather than encouraging.

Release of this type of presentation should coincide with a press roadshow/interviews and an RNS.

Must admit, I have been hovering over the sell/reduce holding option for a while. Been here for over 2 years an patience is wearing thin with other investments providing returns and BLOE constantly capitulating.

We need buyers and some volume to do that. I was expecting it yesterday, the selling from the open looked orchestrated.

We need some news and buyers to starve out whoever is selling.

Todays RNS

Block is currently producing at a production rate across all the Company's licences (excluding WR-16aZ well, which is undergoing intervention) of 555 boepd (30-day average).

And from the RNS on the 16th feb
West Rustavi wells WR-38Z and WR-16aZ (the "Wells") have been on continuous production since 28 January 2021 and 3 February 2021 respectively and production rates are currently 790 boepd, comprising 423 bopd and 1.9 MMcf/d of gas, representing a substantial increase when compared to the rates achieved before the wells were shut-in during April 2020.

What the split is between WR-38Z and WR-16aZ is unknown and we will have to wait until WR-16aZ is brought online again.

todays RNS is very plainly written and it does feel like they are holding back IMO.

Someone has sold, just over 1M shares, and looks like they have bought them back. Nice move for tax, considered doing it myself yesterday.

Or Tuesday, especially if a bank holiday Monday.

But at the same time, after hours on Thursday before good Friday...... squeaky bum time.

naff all volume.
a quote for 100k shares is at 2.5p for 500k shares is 3p.
can get a quote for sell upto £25k in one go.

My theory, MM's have very little stock, this is somewhat a false drop to promote sells. If they were crunching a big background sell they would not be offering quotes on big sells.

we all love a good conspiracy theory, spill the beans :-)

Agreed Holly roller, we have one disgruntled poster here wanting Paul Haywoods head on a spike calling for his replacement and got excited when the rumours circled about the disgruntled shareholder group proposing a coup. When you looked at Fergusson and Fitzpatrick holding they wouldn't even cover the EBT.

Thank you for the Scirocco information, you can understand why Fitzpatrick would want his claws into another cash cow if the end of the road is close for Scirocco

I would be surprised if they go the whole month without news. Letting the share price stagnate under the placing price and hovering close to 200 DMA.

Recently is a bunch of small sells, pi’s selling out for the end of the tax year. I also believe some of the positions taken by the “disgruntled” group are being offloaded as their meagre attempt at a board coup failed.

The sellers are most likely PI's who are sick of the performance here and selling up for the loss to offset gains before April 5th.
It is happening across the market, doubt there will be news here until April 6th.

so patty in its current form isn't commercial and needs a a sidetrack to access the identified gas field.
Confirmation they have funding for the 3 identified programs and the planned workovers.

It’s my birthday next week, I’m hoping for a nice RNS present

Question is will BB flip the other way on confirmation of progress.

If an investment is causing you that much angst and hatred, sell up move on. It isn’t worth the impact on you health and state of mind.

Getting quotes throughout the day, this afternoons bid drop looked like a stop loss test. Are MM’s collecting shares for next week.....

Snagged a few, seemed rude not too.