Member Info for SEA7

I will look forward to them bedex!

Possibly Tony.

Geneiss - It will make it much easier to sell if they hold in stock rather than warrants, when the price moves up over the coming months.

The only other reasons are... they need the cash - unlikely given the amount and size of Geneiss or they think the stock is going below 4p again -unlikely based on recent developments.

I will take your word for that on BLOE - bedex, didn't see any on the sample I saw.

I learnt a long time ago, regarding AIM stocks - always look for reasons not to invest as well as to invest - ensures you avoid the worst of the offerings on this market.

bedex -

You say that you don't ramp - I beg to differ... some examples...

Malcy is Malcy, but the large sums going in here seem to suggest bloe are on the right track.

MMs playing this well, weeding out the unsure and the profit/-topslicers to fill a decent order at the right price. Dropping SP on negligeable sells. Typical Aim tactics

Anybody worried? I'm not, look at the big punters in here.

Intensity increasing .

RE: 12p01 Apr 2019 08:46
Crikey, this could just be our starter for ten, or much more !!

There are more, however, you are ramping nonetheless and that is for one reason only - to enhance sentiment on the board in the hope that the price will go up and you can exit with a profit.

No news, means people get bored and sell, which ensures the price drops - weakness.

Fairly predictable pattern. As it has retreated some 25% and the volume is dropping off, then it is a good place to open up a new position.

bedex, I have been in this stock since January 3rd - long before most showed up. My posts indicating buys at 2.91p are on here.

I know the story of block and as this is AIM, I actively trade it, as well as have core holdings. Simply going long and waiting rarely works on AIM.

no brgmg - it was patently clear, perhaps you will have noticed my earlier posts relating to the new position in Block I opened today. Partial position, though, as there is potential weakness further, if the rns is delayed, which I will be buying into.

So, please, clarify my agenda for me, if it is self explanatory.

I would presume that by the inclusion of the issue date of june 2018 - it was fairly self explanatory.

brgmg69 - as they were issued the warrants in june last year, then it is fairly obvious they have already assisted.

my next post is an indication of what they do, which should indicate why they got the warrants in the first place

I am guessing you are being a bit sarcastic.

gneiss usually assist in raising capital from european investors.

On 4 June 2018, and conditional upon Admission, the Company has granted warrants over
1,837,500 Ordinary Shares to Gneiss Energy Limited which are exercisable at 4p per Ordinary
Share at any time up until 11 December 2019.

........

That is who has exercised today

yes - now that the froth is off the price, we see a more realistic area for purchases, post WR16 initial result and pre- stable production levels after the pressure test, transient analysis and then build up phase.

They will rns once done.

yes - I have opened a new position again today, as it has retreated into the upper end of my buying range.

Put on a partial position as possible weakness down to 7p, however, the anticipated news gets ever closer and to be honest, I had expected it this morning.

Couldn't risk not having something in play here any longer. Even got some of the position at under 8p.

Share price tells its own story - bored sellers.

Thanks NH,

Just reading the market today - it can change in an instant though.

No rns tomorrow, is likely to mean further falls, as the stock is devoid of a trigger.

I would not be surprised to see a raise of about £2m to bolster the balance sheet with additional working capital - it could do with it and off the back of the rise, it would be the right time. Perhaps we get production numbers and a capital raise at the same time.

Mr Ferguson will have his own agenda and it won't involve day trading - he is probably looking at a two to three year hold, with supporting cash on hand for participation in any additional fund raises to further the assets, which will ensure his level of interest and exposure is maintained at the level he requires. We do not really know who he is, as i haven't seen anything definitive.

Annoyingly, I will be out of the office until just after lunch tomorrow, so I won't be engaging in stock market activity until 2pm onwards.

always worth booking some profits toploader - what is that expression - no one ever went broke, taking a profit.

No one expected 1100bpd, especially the company and anything can happen.

just for you AJW - the WR field could hold more surprises than the 1100bpd initial result so far....

The data provided for the West Rustavi field was found to be incomplete; however, the Consultant relied upon several reports that were provided, the Petra database and a sparse 2D seismic dataset. The Petra Database included horizon tops (from multiple operators) and well logs. This database was updated with additional information from various reports and spreadsheets of wellbore and test information. The production data provided was also incomplete. Cumulative production was provided for the wells in the block and other nearby wells. Limited monthly data were also provided for wells to the north of the block.

cebo - I took it for granted that those reading the post would be intelligent enough to work that out for themselves, as I had clearly shown the extract from the cpr which demonstrates the facts.

cebo - that is taken directly from the CPR.

worth remembering - before we think about how much block gets...

The provisions of the agreement include that cost recovery of both capital and operating costs is limited to 50% of the revenue from sales of hydrocarbons before sharing with the government. The government pays all taxes from their share of Profit Oil. Profit Oil is split 50/50 until payout, defined as the time when all cumulative revenues from Cost Recovery and Profit Oil exceed cumulative capital expenditure, including the historic cost recovery pool. After payout, the Profit Oil split is 60% for the Government and 40% for the Contractor.

When we get 100% of WR, whatever the bopd actually is half goes to the government.

delayed reported trade.