Member Info for SwearinNige

TicoR, With those metal prices we have($2.77B) £2.29B of metal in the ground, when indicated, and that is without any upgrade in resources.
MCap circa £2.4m!!! Strange to say the least.
NPV £89M would relate to a 37x current SP or circa 0.74 per share
The burning question is what will the value of Toral be in 3 / 6 / 12months time?
My feeling is that talks are going on in the background with a buyer, hence the last RNS as big players now only invest ethically. That coupled with RA1's excellent research and I truly believe that we will not be under water much longer (LTH's) and the new comers if hold long will make a killing.

One of my other holdings that I considered selling to buy more here had me sat on a 600% profit but it has now retraced to around 300% so that option has now faded, at least for now, however I did add 9.6m a couple of weeks ago to average down a little.

0.74p would be great, infact very close to life changing and tremendous for my SIPP as well.
I think the only thing required here is further investment at these crazy prices and patience, but unfortunatly I have a wife and no money tree!!

GLA

The only thing I can truthfully say Mike31 that you have called spot on, is your choice to reside in Thailand should your investments work out. Try Soi 6A in Pattaya, and yes I speak Thai, have a residency Visa and am married to a Thai lady and have 2 Kids, so I probably know more about that than you as well, as BLOE been a great investment.

That 86.8% of EUZ is owned by the largest 20 holders, leaving only 13.2% in free float. I would like to believe that most of that 13% are in sticky hands too so what does that do for us is my burning question?

http://www.europametals.com/site/investor-information/capital-structure

Mike31, I have more oil in my car engine than MATD have to date and look at the stupidly high Mcap. BLOE are producing commercial quantities and putting cash in the bank. I think I will be holding this long term, as for MATD, I think I will steer clear.

Gary1960. Your 11k buy for less than £1k will IMO be worth £10k this time n
ext year, so we'll done to you

Gary1960 a very balanced post and my sentiment too.

Bricks you are correct.

Stilbite, Alistair Ferguson knows more about the Oil & gas business than all of us put together on here or another way of wording it, he has forgotten more about O & G than we know, and he has invested £1.5M of his own cash. He must be a clown you think?

https://www.youtube.com/watch?v=PTtRuA3e_jI

Banker52011, Drill 1 was halted short of target depth as per RNS but I am of the same thoughts that the core samples from a certain depth going down will still be assayed and reported. Managed to top up last week with 9.6m for £1750 but still got an average of 0.072. Considered doubling my holding but that meant having to sell other holdings which I am waiting for news on but that may still happpen if the news doesn't come from EUZ first. With my luck there is not much chance of that happening, but still a glimour of hope
GLA

With a current NPV of c£89M I would gladly take £60m for Toral giving us 0.5p per share. That equates to a lot of cash for some of the big holders here. I am a large holder but there are others here with substantially more than me. Best of luck to everyone anyway regardless of how long you have held or how big your holding is.

But that NPV could change drastically in the very near future with assay results which I would like to believe are to be announced shortly.

If the asset was to be developed by us by a huge loan from one of our IIs then the SP would be multiples and life changing for many here but that is a very long way off IMO, and LR has always said he would listen to offers from interested parties.

I sincerley hope we don't get robbed though by some corporate

This type of thing has happened to me before. I go on holiday and try to log into an account off a different device and I cannot remember the password, so i assume he set up AJamesW.2nd account so he could post rather than just observe after his integrity was questioned by some on here regarding AJamesW's dissapearance
. Nothing sinster just that it has happened to me before and there is nothing more annoying than requesting new passwords to your e mail which again you can not access on the new phone etc. If your reading this AJames, enjoy your holiday. It is normal for people to take a summer holiday, however I take my holidays from Nov to Jan when it's cold here and hot in Thailand and we get to spend new year with the family.

Choke dee krup(Cheers, good luck)

Cautious11, I have done my homework. I did it in Thailand last November with my i pad sat in my favourite bar while the wife had gone to a shopping mall. I pressed the buy button at 3pm Thai time, 8 am uk, at 2.85p
AJW, is one of the most respected posters on here, and I for one value his knowledge, but this time of year most people take a family holiday, which he did advise on before departure. Maybe you should take a holiday to Thailand. Try Soi 6A in Pattaya, I am sure you will enjoy.

Is that I am now working away from home Mon to Fri and upon returning home this board has become,"Vile". I hope for all investors sakes that news is positive ASAP so that the real investors can see another step in the right direction and the "Vile" can get their money back, sell up and move on to chase another rainbow.

It is evident to me that those who are pulling PH to pieces did little research before pressing the Buy button, but have done research about the GC days afterwards.

I however prefer to look at the facts and forward looking statements.
£12m raised to accelerate our program.
Possible further acquisitions.
Currently making a profit at this very early stage.
Spudding of WR38 possibly this month / early next month.
Gas off take deal signed shortly.
3D siesmic survey of 80 sqKM when we only lease 40 sq KM!!!
Updated CPR.
Update on WR16Az shortly.

And the big one for me, "Alistair Ferguson invests £1.5M of his cash in BLOE", a man who knows more about the industry than all of us put together, possibly thinking that BLOE can become the next Tullow.

Christmas 2020 should be a very happy one for investors here, although I will be honest and say, I think PH could have handled this better, and I believe he will be thinking about releasing something shortly, written by Carlsberg. PH is young and enthusiastic with skin in the game, which is far better than an over paid manager who doesn't care about investors, only his own high salary.

Another massive plus is that a permit can be granted within a week to drill, showing Georgian authorities want Oil and Gas and of course the money. I have just spent 10 weeks to get permission to dig a hole in a road to get a BT line installed into a new building in the UK, so I dread to think what hoops have to be jumped through to drill for oil.!

Looking back on this board over the last 2 or 3 weeks, may I also suggest that some people read up on the difference between a drilling rig and a work over rig, it will assist you in getting a better understanding of what you are invested in.

Have a great weekend BLOErs

Excellent news as this will now enable BRD to move from a loss making junior miner to a profit. That in time will see us all make a nice tidy sum. Those that have invested in this type of company before know the increases expected. Another good point in the RNS saying that after 2 months he will update the market as to how operations are progressing.

GLA

And averaged down a wee bit with 9.6m

Director shareholding is basically nil.Says all you need to know

I wouldn't call a 977 383 buy by niall and paul at 15p virtually nil. Wish I had that holding never mind 3.8m and 3.7m respective.

Gizzard, 2/3 my holding is in my pension so no rush, but 1/3 I would love an extended holiday at Xmas 2020 which I believe we are on track for. We will have to hold a £1 party before I go.!! RAMP RAMP RAMP but true.

For every 1000 barrels per day produced M cap would be £40M so with 16az and 38 producing by year end 2019 Mcap should be circa £80M which would equate to approx 20p. Add in the gas and more wells next year and I believe we could be looking more like £400m mcap or £1 per share. This calculation is based on small cap companies. Once mid tier is reached then you can start to value the share by PE10 PE20 etc, but until that point is reached I will stick with my £40M for every 1000bopd. Many here will disagree with me on this but if you value it like myself any upside is a bonus. I was shot to s*** on here when I said the Mcap is higher than I thought it should be when the SP hit 17p before dilution.

All we have to do is be patient. Miton selling isn't helping but it gives new investors or those wishing to add at these levels the opportunity to do so. The company is throwiing off free cash every month from now on, is fully funded and has a plan which will IMO be RNSd very soon, maybe as early as Monday, but certainly within a month. I also believe and would like to think that I am on the same page as PH here that RNSs about Gas, potential accquisitions, spud of 38, and a forward plan will all come before an update on 16az, so plenty of price sensitive news to arrive throughout August.

Jim-Sparks, you say you are new to this. Years ago it took approx 10 years to develop a fully fledged oil field with old 2D siesmic and vertical drills. Modern technology has made a huge difference in investing in small cap oilies. I have only been investing on AIM since 2012 and have made some mistakes along the way, but this is not one of them. Drilling mud is very heavy and can damage the well bore if extracted too quickly so under clean up it is common to flow at drastically reduced rates so that the well can clean up. This can take circa 6 weeks and then the choke will be opened and monitored 24 hours a day by the work over crew to obtain the best possible flow rate without damage.

What we need now is a RNS to say what is happening with the gas take off as after the 2 month period the well would need to be shut in again as the Georgian Govt doesn't allow flaring, other than on a testing 2 month permission.

No one likes to see a paper loss and I appreciate many here now will be, but it will turn around as the news arrives.Don't give your shares away. Patience is required, I know but if you have done your research you should trust your judgement unless the story changes then re-evaluate the situation. Remember what used to take circa 10 years PH and BLOE are trying to do in 2 years, and everyone that holds will make a lot of money, no matter if you bought in at 17pence. In Hindsight I would have sold at 17p and bought double the shares back now, but I am not a trader, I am an investor and believe in the company and its stratergy going forward. Alaister Ferguson did't put £1.5m of his own hard earned cash into this on a whim, and he knows more about the oil game than the rest of us on here put together.

Lets see what the coming few weeks bring along. The word "Imminent", was used again in the RNS.

Best wishes and good luck to all BLOE holders, not just LTHs, and I wish I had some spare cash to support my Strong Buy.

Once 3 or 4 wells are online this will be cash generating at c $40m per annum free cash to the company. Add in the gas and what will the Mcap be? Mid tier I believe.

PH is a young ambitious CEO, who some would argue over enthusiastic. I would much rather have my money invested with him who is trying to make a name for himself and has a large amount of his own cash invested than a company where the CEO has very little or no skin in the game, meaning he is a very well paid manager.

Comparing bloe to frr is laughable. The only the thing in common is georgia and nothing else.