Member Info for Spudsoil

What brilliant news that some of our existing big shareholders have increased their stake. A huge endorsement for the company and probably more important for the future plans the company has. I’m over the moon at this - a great start to the year and I’m sure gas
News will follow soon. That in itself is huge - not necessarily the income generated by the gas - more a statement of intent that we have completed an objective, we are generating cash and laying the groundwork for the scalability phase of the project. I can see huge growth in Block this year, delighted!

Thanks for the reply

Have you got prior month holdings as well? And do we know the relationship between some of the big holders and the entities? On face of it looks like one of our big shareholders has shed 4.5m shares?

Hope it goes well for you guys, sold out at a big loss months ago. Sounds like a good deal but longer term trimming a profitable loan book will hamper profits - so don’t think it’s a case of simply adding the premium to the mcap as some are suggesting. And it’s not sustainable to simply keep selling bits of the book off - there won’t be a business left!

And possibly points to a grander future that we are not yet privy to?

Wow that placing has killed momentum. Am hoping someone is accumulating in the background. Painful though watching it go up and then retrace back with so much positive news. Just makes the next leg up harder as we start from a lower point. Hey ho.

It’s definitely time for you to move on

At the number of posters who moan about cash raises. This is an early stage E&P gas and oil explorer. The clue is the sector title. You raise money, you explore, you raise more money, you explore more, then you partner up, pack up or go solo.

I agree this doesn’t feel like a desperation raise, more some form of bridge to get us to q1/q2. And it will need to be signed off by shareholders, so you’d hope the narrative is strong

Fascinating to see what price this gets away at. Only
Need to wait 24/48 hours by sound of it.

It’s sit and wait time now. The potential news flow here is massive, and individually or combined, the news has the potential to be a game changer.
CPR
Gas flow confirmation by Bago
Oil production restart
Farm in
Development plan
Board member updates

After being a bit disappointed with the share price action this week, reflecting on it I’ve come to realise we shouldnt have expected much more. The completion of the deal is use but in itself it doesn’t do much as it’s largely a static asset. The excitement comes when we get details of the development plan, that for me is the lift off moment if the plan is as exciting and game changing as we think it might be.

I think it will be the rns detailing the operational plan that will drive investor appetite. Today is massive but it was well signposted, what isn’t yet know is how we fund the next stages of the development plan. That brings a risk of dilution but also a huge upside if there isn’t a raise planned.

Been thinking the same. Nice mention in the times this morning.

This is bubbling away just fine. Let the froth settle from the vaccine rally, and once people are looking for places to park their profit, look no further than BLOE with its numerous RNS updates around the corner, coupled with a pick up in sentiment for the o and g sector

Defo a pick up In trade volume In recent days, bodes well.

I’d ignore it mate. Lots of people on these boards think they own the acceptability scale for posters. Keep asking the questions as they are valid points and the company and bod should be held to account. Here’s to a positive q4 and beyond

Come on Looed, tell us you’ve been deep in conversation with FRR all week and we all get rich

In a way wouldn’t it be good news, or at least progress, to hear that the companies we have been told will be struck off, actually get struck off? That is part of Zazas plan so if it happens then I take that as a positive that he retains an element of control over proceedings. Obviously that doesn’t answer the question about whether we become shareholders in any new company but at least it’s progress and one step nearer to the conclusion.

So if FRC is liquidated and we hear nothing from the company does that mean we will hear something from our brokers due to our shares being invested in a company that has folded? In my mind I’m hearing from either the company or my share broker?