Member Info for scoobyrex

Big Boffer.

I have bought shares at 6p 14p 12p 10p and around 8p recently Sold some on news. I could of made a lot more money not buying at what turned out to be false bottoms......

I have sold and have been locked out of shares before not willing to risk buying back in (bcn most recently) It is a risk, but it enables me to spread the risk of my portfolio as It enables you to lock in the profits on some shares.

Everyone has their own strategy, and it is an uncomfortable feeling selling a cherished stock and waiting it out. I can see why it brings out the worst in some people as seen on this board......

It was never going to be a straight rocket ride, always ups and downs and with a young leader finding his feet the market will be jittery. I’ve traded slices of my holding over the past few months and now reinvested all profits back here over the past couple of days to increase my long term holding average just over 9p and 750k shares. I am very happy with my holding and looking forward to the next few months.

Not been active on the board recently due to holidays and frankly it got a little out of hand. I’m hoping in-time with stability will resume and with progress over the next few months we will be laughing.

Agreed profit sharing is as described providing circa $35 a barrel to a Bloe. Bloe have 100% WI as the OC and the PSA applied is $35 a barrel as has been used by the majority on this board.

So much FUD over the past few days. None of this is new or changes fundamentals.

For newbies to O&G I found this article on workover units.

https://wiki.aapg.org/Workovers

When you look at tool suppliers like GE it is incredible what can be achieved to clean up and optimise performance.

38aZ performance is far from final, there are the next wells and gas to go.

I have been increasing my holding and waiting long term.

I am expecting some buyers at these levels to trade on the rises to take 10-20% profit, so we maybe below 10p for a little while until those traders are out. Of course any rocket news they will take bigger profits and cut the peak off the rise.

its been building nicely this week, could there be some news popping next week ?..........

It is impressive that number of shares has been sold and been absorbed above placing price.

Good sign, you will always have II taking a profit and derisking their position.

BLOE do not follow the good news RNS only on Mondays. Look back through the news it comes as and when. With Tuesdays and Thursdays being more common than Mondays iirc.

The timescales for the next well was outlined in the last video from PH. If you haven’t watched it you should.

Accudo roll out in Australia

No MM's create a spread to promote selling and buying in volume, what PI's see as manipulation and corruption is the MM's doing their job. Normally its the same people who get buzzed up about buys showing as sells. They do not understand how it works so deem it corrupt.

If you do not want to invest in the open market go elsewhere.

The stock market remains an exceptionally efficient mechanism for the transfer of wealth from the impatient to the patient.
~ Warren Buffett

Give it a rest. You have to remember some holders here only just for a few months are sitting in 3-4 baggers. Any overhang in news drives the share price down as the twitchy get out.

It seems like you have the reverse of this situation and you bought in higher than the current share price expecting free money within days.

Invest in something you believe in and be patient.

I couldn’t make it, any feedback appreciated

We know it is a great asset in a good location that the BOD have failed to capitalise.

Most likely the offtake discussions were terminated as a sale was in the works, this is continuation of that thread.

The asset has to be worth a multiple of the current MCAP. An outright acquisition would of been more interesting than a sale and pivot of IRONs core business imo, door.

oh is there gossip ? I saw a spike earlier but it soon dissipated.

with no news in the morning, I can see Friday afternoon beings as red as Liverpool after the CL final.

Briefly looked into how to vote a short while.

My shares are held in a nominee account with IG so they have to vote on my behalf, they cannot provide an investor code, as I presume it is the same code for all shares in the nominee account.

I cannot register on signalshares.com without an investor code.
IG require a signed physical copy of a proxy form, which AXM are no longer providing.

The premium rate telephone number for link asset services is now closed, will look into this again on Monday.

I emailed IG regarding voting, no response yet

Higher than estimated warrants ?

Is that demand based, or error in estimation overlooking entitled parties ?

13 June 2019

Issue of Warrants


Following the announcement made on 15 May 2019 in connection with the £12 million fundraise by way of a placing (the "Placing"), the Company has today issued Broker Warrants, giving the brokers involved in the Placing the right to subscribe, in aggregate, for 6,011,308 ordinary shares of 0.025p ("Ordinary Shares") at the Placing Price.

The total number of Broker Warrants issued is 556,808 higher than the initial estimate announced on 15 May 2019, owing to warrants being granted to the Company's previous brokers Baden Hill and Novum Securities and placing agent Gneiss Energy Limited, in addition to the Company's current brokers Mirabaud Securities Limited. The Company's previous brokers and agents introduced certain investors at IPO who also participated in the most recent placing.

Total Voting Rights

The Company's issued share capital currently comprises 388,413,993 Ordinary Shares which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. The Company does not hold any shares in treasury.

In addition, following this issue of warrants, there are 10,221,510 warrants in issue. Further details are available on the Company's website : www.blockenergy.co,uk

Patience. There is always Tomorrow