Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Yes and we are left assuming the chemicals have arrived, assuming flow testing has started and assuming a duration period before results.
Communication sucks and is chalk and cheese compared to 2019. All we can do is hope the outcome is different.
On the 7th October we were told 2 weeks for chemical deliveries to clear drilling muds to enable flow tests of WR-B1.
Oil is coming to the surface but no indicator as to how much.
This Thursday will be 5 weeks since the RNS and still no news, no announcement that chemicals have arrived. No test period start announcement. Nothing except the Mr Guram video.
You would expect something from Block and the BoD looking to improve sentiment and shareholder relations what are they doing ? Are they so scared of the concert group to release any news ? is this well a complete dud and they are dragging out salaries and shares for as long as possible ?
It is approaching my deadline for selling out and cutting losses. The lack of communication and Paul Haywood and Charlie Dimmock disappearing for MONTHS now is unacceptable.
The video isnt on youtube. it is available on vox markets
https://www.**********.co.uk/articles/video-block-energy-operations-manager-provides-an-update-from-wr-b1-well-site-ee28d2a
Fingers crossed, but would they actually be aware of any flow from WBR ? Would they have people onsite or inspecting for themselves ? Could they be spun stories like PH like in 2019. I hope not. Just struggling to see how they would know more.
Appease SCH.
So you think SCH have written off their total investment in Georgia (Circa 100M iirc) and will dump their BLOE shares starting on the 27th, after all it is meaningless to them with such deep coffers.
Or is their a young developing executive that is tasked with restoring value and pride and holding Paul Haywood to account. fantastic development opportunity for someone's career at SCH. It may not be SCH Board level but BLOE will have someone to answer to at SCH.
The shareholder support group waned to took over and stop the drills so there was a pot of cash for them to extract with fees.
The drills are going ahead and the shareholder support group is having to wait for the results just as we are. If the drills fall below expectations, BOD changes are needed but I wouldn't vote for the SSG members.
All previous wells were cheap workovers or sidetracks of old soviet era wells for Gas and Oil. Agreed if these are the only assets generating revenue this would be bleak.
WRB is a fresh drill based on a modern 3D survey. We are yet to have the results of this drill other than oil coming to surface but drilling muds need clearing with chemicals before flow testing can start. If WBR is a duster, then a raise and probably a new strategy is needed JKT alone isn't going to keep the lights on let alone contribute funds to continue drilling.
So it isnt dead already. Its battered and bruised for sure.
The locations of WBR and JKT have been chosen with epf pipeline distances in mind. Laying surface plastic piping for Gas is cheap and fast. It is delivered in 200M coils and is fast to join.
Well researched and all the informative sections of RNS’s at hand. This board has been a pretty vile place recently and AJW has been targeted recently.
He may of decided just to leave for his own state of mind/mental health.
Or it could be some made up conspiracy of him being an insider and covering his tracks. Lol.