Member Info for scoobyrex

Majority of negative posters are not invested. Some had been in the past and sold out and effectively are gloating.

Some never have been and are investors in other stocks (like matd). And knock bloe in attempt to swing investors to their own stocks.

Some are paid to knock or ramp stocks. Not sure how much difference this actually makes. Shares with positive sentiment ramp themselves. Shares with negative sentiment like bloe go with trading. And I can’t see the paid knickers having much of an impact on people with significant holdings that would make a difference if they sold out.

I’m short it’s like a kids playground having an impact on global politics.

Geowiz the shining white night here to protect everyone.

What would we do without you

yes but which way :-)

A georgian employee getting into their hands 1 million of sacrificed salary shares. Is this so they can sell them on the market before news. That has to of been multiple months salary of shares acrued.

Awesome, thanks for the investment advice. What blue chips do you recommend?

Btw this is sarcasm

Where did 500 boepd come from ? It has been mentioned a few times on here. Expectations being set in a vacuum ?

With lawyers now being involved in every RNS the bod are very restricted in what they can say. No expectations or initial flow data would be allowed. All because of a certain group ready to use this against the company in the seemingly never ending power struggle.

This really is down to what you believe.
Is the well a dud and the cleanup a smoke screen buying time for a raise ?
Does the well have a chance and will be viable after cleanup ?

I’m not interest in JKT or any other possible assets. This really is that binary in my mind. Which I am not happy about but I am choosing to be here.

65 Posts all in BLOE, all negative or targeting posters. Where would this BLOE message board be without you

Agreed the near term clean-up of WR38 is pivotal. JKT is an existing well re-entry for GAS, It would have to be an absolute monster to have a material impact on the share price.

JKT is paid for already, You would expect the BLOE team know something to target it. It is in a convenient location for the EPF / pipeline. I hope that isnt the only reason.

I think the RNS was written or re-written by a lawyer to withstand any scrutiny by the Scottish shareholder group.

Now was that in the interests of all the shareholders or the BoD is a different thing entirely

There is oil, at the rate shown on the video maybe a dozen or so barrels a day :-).

The engineer looks like a trustworthy guy, no flinching or smirking when he stated to hand the well over to production.

I cannot decide or make an assumption as to the state of the well undergoing cleanup.

The TD RNS message reported oil showing and well flowing.
Chemical wash appears to be standard practise to cleanup the well before testing/production.
Additional chemicals to remove/reduce caking to increase also seem standard practise. And you would again expect Baker Hughes to have these on standby.

Part of me wants to believe that due to the shareholder groups actions and accusations the bod are being very cautious and exposing just the information required. And that this is all a regular point and just communicated in a way deemed fit by a lawyer for arse covering yet not in a way the market expected.

The flip side of this is the bod are shysters and either the well has failed or they are trying to get the action group shareholders out by setting fire to themselves.

The “support” group did want an audit. It was voted down on the basis of cost.

Be interesting to see what the support groups next move is. If any the assumed intention was to take control and then extract the remaining cash via consultancy fees, flog the assets and then the shell.

The shareholders choose to continue with the next two wells. The first one of which at the moment is looking doa.

https://cdn2.hubspot.net/hubfs/4396589/Engineers_Guide_to_Oil_Field_Chemicals_and_Fluids.pdf

Apologies it is long. Page 295 appears relevant. Do not see why the chemicals used would need two weeks.

You are of course assuming regular employees haven’t been steadily selling shares as soon as they get them.

They are probably mocking the PI's that prevented them from taking over and rescuing the PI's from themselves

If you take this RNS as a single event, yes it is a sound perception.

Those of us who remember how wr38 unfolded with the TD, flows, extended testing, remediation, it’s ******ed.

This is all feels like deja vu, just without the share price pumping flow rate announcement.

Maybe they are just trying a rinse and repeat in a different order this time. ;-)

Sure every well will not be a hit, but sequential failures and not disclosing them in a timely fashion is my issue.

This was also not a sidetrack, new drill, using baker Hughes to “ensure success”. Anybody know what the payment terms to baker Hughes was. You would like it to have a large element based on outcome/performance.

Anybody know what the chemical options are for clearing muds. And why it would take two weeks to arrive.

Everything I’m aware of (like using diesel) is probably banned, and is widely available.

Wanted to research usage/success rates but not sure what to look for. I’m a bit concerned they are bull****ting us and just buying more and more time to spin the wheel on another well.

Maqsood. No matter how many times you post it, this isn’t going over 2p today. With probably another 4 weeks till an update and this will bobble and drift and that is if we do not get a sustained seller.

I too have contemplated selling up now the sell has stabilised. I was uneasy a week or so ago when Paul made comments around blocks other activities than the drill in testing. It seemed odd to me at the time and I convinced myself I was reading too much into it.

Regret ignoring my gut now.

If I do not sell I would use my 6.6M shares to vote PH out.