Member Info for scoobyrex

BLOE hasn't always announced TD's/Test starting. sometimes straight to results preliminary or otherwise.

Edale have the same number of shares but the dilution of share allocation has pushed them below 3%. No more TR1’s from them.

They need to build up momentum, with the equipment they have they should be doing more small drills faster to incrementally increase revenues and cash reserves to fund bigger drills. If any of those bigger drills pay off we have a blockbuster.

I like the plan and direction, the pace is not what I expected.

Cracking video.

Everyone should watch it.

Some very clear answers, no spin language.

Why have they waited so long to come out and talk.

I maybe wrong on this.

A proxy vote by a large brokerage like IG or HL holding private investor shares in a nominee account is not a direct vote by the individual shareholder.

the brokerage gets one vote with the aggregated shares in the account.

They collect the votes from individual shareholders and vote with the majority.

So a protest vote against on a resolution with a few million shares by a few PI's. If it isn't the majority vote within the nominee account BLOE will not even see it. Of course swing the vote on a resolution to the majority and you get the whole nominee account voting with you even if they voted for the resolution.

I have voted so thats another few million with IG

Yes apologies, I got GOGC and GOGL mixed.

Sidetrack is 100K a result of 30bls a day is a net positive after 2 months.
60Bls provides $1M a year.

Lots of simple sidetracks is a very encouraging approach here. a number of results at 240 like the last one is truly transformational.

The A-80 workover rig was acquired as part of the schlumberger assets and since upgraded. Bloe previously hired GOGC's A-50 Rig, both have been used for sidetracks.
The ZJ-40 drilling rig/platform is hired from GOGC when required for new drills or significant deepening of existing wells

Some older pictures of the two at the bottom of this link

https://www.blockenergy.co.uk/media/photo-galleries/

BB. if I remember rightly that was in early 2019. the Oil price was $55 compared to $80 today. or 45% more today.

This really has turned a corner, onwards and upwards

No RNS today. I was optimistic as well.

Next Thursday is my Birthday. Come on BLOE help me celebrate

Im still here, waiting patiently for news on results and financials.

Little disappointed by the lack of coverage and pickup on the farmout.

RIP Tony. I also had a work colleague pass away unexpectedly in his sleep last week.

Really puts things into perspective.

if you look at the he link for historical weather. The median temperature ranges from -1to +3. with a max of -6 and +8.

The perfect weather for snow. The facebook images show snow on roads. where is the conspiracy theory ? It does not need to be freezing for snowfall.

Looking ahead for the next few weeks the weather looks good. Better than the UK infact

No. the exec team are just super cautious about production figures. After getting their shareholders upset by releasing information before absolutely ready.

Google maps satellite updates on a periodic basis.

search for google maps timelapse. it provides an interface that you can look at changes over a period of time for given co-ords/tiles.

streetview is updated way less.

I said just my view. I can’t see them doing JSR deep on their own. And it certainly isn’t in scope for the recent loan which was referred too.

Is someone confusing Project I (number 1) and Project II (Number 2)

The loan is not for funding Project 2 ie JSR deep, that in my view will be a farm out starting over the summer.

There is lots of goodness in BLOE. The challenge is it hasn’t yet outweighed the negative perceptions.

It will. Stepping up production and revenues.
I believe their is more M&A activity to come.

Just need to ignore the numbskul ex FRR and people who bought at a peak and are bitter towards w company rather than addressing their own decisions.

Green box prison stamps

BigBoffer has a Vendetta against PH. not so long ago he was asking for PH to be fired pretty much everyday and several times a day on here, He was asked to tone it down by the majority of holders. (WHich bigboffer did)

PH did over egg a number of things back in 2018 and 2019. Had the wrath of shareholders and now barely communicates in an open way outside of institutional investors. Which is a shame I would prefer a more balanced dialogue in regards to what is happening near term and longterm which PH seems reluctant to do with private shareholders now.