Member Info for Shedulike

So their broker did them a disservice?

Don't have L2 so could be missing something but with all those buys are we really expected to believe that not one MM would take those 200,000 for even a fraction over 1.05?

I take your point rlightor but it doesn't stop me wanting to know what the flow rates are in order to make a judgment on cashflow in the here and now. I agree that the gas and CCS should dwarf the oil income in the long term but that shouldn't be an excuse to sit on information that has implications for the company's near term financial position.

Would also like some likely timescales on the CCS FS but the immediate pressing concern is whether the slim hole technology has worked and the implications for production across the licenses. The phrase "Marking the first successful application of 'slim-hole' drilling technology in Georgia", for me means it didn't go horribly wrong but they haven't exactly rushed to roll it out on other wells. I think the conclusion that others have drawn that it just hasn't been a spectacular success is most likely. Interesting that it is concerning those already invested plus folk on the sidelines - we deserve to know 'warts and all'.

I've been considering increasing my position here for some time now. The CCS could be absolutely immense but the thing that holds me back is the lack of information on near term income following the KRT-39ST drill. Just wondering if my dilemma is pretty much the epitome of withheld price sensitive information?

Strange it's not showing on here.

https://www.londonstockexchange.com/news-article/BLOE/completion-of-ccs-pilot-study/17461814

Just brooding over how we got from both companies being totally behind the transaction to Marula believing that they are better going it alone (see their announcement) I have to wonder if they were unhappy with the capital return.

Seems not unfortunately Prop's - hugely disappointing news. Commiserations all.

Yes there were a number of noisy newcomers who I suspect have quietly slipped away.

Did we use up our annual allocation of posts yesterday?

Will be a while before I break even. Still it's fun watching it pass the litany of ill-timed top ups!

Well it's a Georgian based subsidiary of a US company so forgive me for not getting the party poppers out just yet.

Mikey IMO it's geopolitical uncertainty that's holding us back. Nothing I say is going to hurt my investment but we're entering a period of international relations in which the big boys are just going to try to take what they want. Okay Putin has got a bloody nose in Ukraine but the unthinkable action has emboldened Trump's thinking and no doubt President Chi's ambitions on Taiwan. To be fair to our much maligned CEO he has manoeuvred the company into a superb position but with Russia hovering I think we will suffer a major discount until that threat is resolved.

I don't know anyone called Gary Linaker so there wouldn't be any point.

Just out of interest are you regretting your latest choice of moniker given how disrespectful he's been to our fallen in Afghanistan?

Quite, I've actually been forcing myself not to research Marula too deeply - the range of projects and prospects are mouthwatering. For now I'll believe it when it happens.

CHRI5P - what is your thinking on the JSE mcap? Is it too simplistic to say (all things staying as they are) that if we relisted tomorrow our LSE mcap would move to an equivalent level, both settle to a mid point with international mm's making a killing or something I haven't considered? Got that strange feeling I'm missing something really obvious here so fire away everyone!

In that video Giorgi says "At the point we have proof of mineralisation on a permanent basis we can move forward to a FID". Well we reached that point a month ago which leads me to believe that we might have an idea of what this could be worth to BLOE in the not too distant future. The only caveat I would add that although in the last CCS RNS PH says "Third-party laboratory analysis has confirmed rapid and permanent mineralisation of CO2 in the reservoir", there is also a line, "The next stage in the project is to refine the current storage estimates as well as the annual CO2 injection potential of the project and to work to receive independent certification of the permanent storage", so do we already have independent proof of permanent mineralisation or not?

At least one thing is consistent with Bobby Beale - Highside and Trumpty - the complete inability to grasp the first person subjective singular pronoun 'I'.

Bricks

I sold out at the end of 2022, i bought as few back later but sold them ages ago.

This is an excerpt from my post in Dec 2022 when they sold Toral bar 20%

"The point i am getting at is EUZ is now a shell with an income of the toral sale but with heavy ongoing BOD costs and no project . The money they have raised by selling Toral should be distributed to the shareholders or you will just start the cycle all over again and the only people to benefit from that will be the BOD.

For transparency i am, like you, sold out"

Alarming to think i posted almost the same today 26 months later.....and they are still spending the money for zero return

I sold up at about 3.5p and lost about £58k