Member Info for V111JAS

Yep ~~~ I go along with that Magic !
ATB .

I mentioned at the begining of the week that I was `nervously holding` ahead of the well result .
Fortunately , I became so nervous I sold a large chunk on Wednesday .
Unfortunately , I sold another big chunk yesterday .
Fortunately or unfortunately , who knows , but I kept a few back for curiosity and probably posterity !
Effectively I`m also out , but I want to see what`s going to happen .
If Haywood goes , as he should , I suspect there will be a little spike , but the whole strategy needs a rethink and that MUST be communicated effectively with credibility to the shareholders . Change is essential .
In the background the FFF`ers await and I am certain that if change is not effected from within , it WILL be effected from outside .

As far as this BB is concerned ; We certainly do NOT need any more daft ramping , nor do we require the services of those who would seek to bury the Company . To get started we just need to see Haywood buried .
More turbulence expected until the Company takes decisive action over the composition of the BoD .
GLA .

Yes .
Spivs are often the easiest people to spoof .

~ What must `The Concert Party` be thinking ?
I imagine that the first question on their lips will be ; `How do we get our money back ?`
I imagine that the immediate answer to that would be ; ` We have to take control .`

Their problem is ; `At what cost/risk ` .
Every buy / sell / change in ownership will probably have to be reported .
Perhaps they can find a stalking horse , but I don`t think for one moment they will just give up and accept the outcome under Haywood`s leadership .
c 10M plus a small premium might not prove too much of an obstacle .
Who knows , could they be that much worse than the current incumbents ?

~~~ Just my thoughts , but I`ll probably be labeled as a `Fifth Columnist `now !!!

btw ~~~ I hope that Haywood doesn`t come out of the woodwork to explain in an interview .
He`s not an Oil Man , has zero credibility and is likely to create even more damage .
It would be akin to Prince Andrew sitting down with Emily Mattris again !
On the other hand ~
I would very much like to hear directly from Baker Hughes .

I`ve been saying that since the WR16 debacle .
TOTALLY incompetent and TOTALLY untrustworthy .

The infuriating issue here is that it is almost a repeat of the behaviour over WR16 .
Slightly different issue but :
Same response , same obfuscation , same incompetence , same self interest ~ different time , different place .

One possible POSITIVE outcome :
I suspect that will be the end of Shares for Salary scheme .
No doubt many just dumped as soon as they could , but I can`t see their workforce or contractors being duped by this again .
The possible NEGATIVE outcome :
How the hell are they going to pay them now ?

It really is a SHAMBLES .

9.44 :
BAD !
It`s not just a question of this success or otherwise of this well , there are very many other serious issues .
Money , History , Technical , Credibility , Leadership , ~~~~
and of course better , safer opportunities elsewhere .
V BAD .
Just my opinion and fwiw ~ I reduced my risk today .

Mp ~ I would say that a cash call will be imperative ~
I doubt that Haywood has the credibility to make it happen .
The raise will be to correct this `Shambles` ~
which raises the ugly question of how much , at what cost ?
Severely Punitive , I would say and that does not ameliorate the ongoing risk here .

~ The Market knew ~ Employees knew ~ Those paid in shares knew ~ and if we are honest with ourselves , we we probably knew , certainly that all was NOT well .
Also as mentioned , the continual `Obfuscation` with hindsight was ~ Obvious .
The same old behavioural pattern ~ Disgraceful .
It`s difficult to see what they are going to do to rescue the situation , but
Haywood needs to get on the first plane out of there and never go back .

I mentioned the other day that this was a Shambles ~ I was wrong ~ It`s a total F****** Mess .
~ Just my opinion ~ cursing myself for not listening more carefully to my own advice .

that we should be down today . Trades would suggest a rise not a fall .
Perhaps a couple of those bigger buys have been accommodated at `Mates Rates` .
Suits me ~~~ bought a few more !

12.36 ~ Tiger , These threads are infested by the non invested , infested by some very devious individuals and infested by some individuals with motives quite beyond imagination .
There are at least a couple of very obvious posters on here who fall into the above catagorisations .
My advice to all genuine investors is to use the filter and do not respond .
The resident incurable boil can not be seen under a plaster , the puss will expel , the pain will subside and eventually it will be safe to remove the plaster ~ The `Boil ` will have gone !
Painful at the moment while we await further developments , which I have no doubt will most certainly arrive !

VGLA .

12.36 ~ It is has been an unravelling tragedy that Madden should have acquired such a large interest here for :
No effort , No achievement and effectively No contribution .
Reward for failure and Corporate greed at its worst .
I suspect that nobody will be sorry to see the back of him .
The sooner the better ~ Imo .

~ " Need management action now or can see us heading for another EGM " ~
I think that is probably right .
From what we know , from what we see and from what we can tell the valuation here `Should` be rising ahead of results and particularly in the context of huge rises in Gas and Oil prices .
I am suspicious that some of this persistent selling is connected to that Concert Party .
This may be their last chance to effect any control over BLOE before Schlumberger show their hand ( Whatever that might turn out to be .)
This decline is not normal and silly hints , tweets or suggested outcomes from the BoD will not resolve the obvious issues here .
There ARE things that could be said to address this strange decline without repeating the stupid mistakes of the past . Unfortunately Haywood seems to lack courage and professionalism and investors just do not trust him .
Brinksmanship is a behaviour that is totally inappropriate in a public Company and I do wonder just how that thread is , or will continue to support ` The Elephant `.
If there is another EGM , I suspect it may swing in favour of those s**** .
Which is probably why no statement , only hints and why Haywood remains mute because he might just be able to play his trump card at the last possible moment .
Unfortunately , we have dropped so far , we will need a stellar result and serious support to regain a sensible valuation .
Continued obfuscation is just killing investor confidence and support .
Shambles . ~ Imo .

Everytime this dips a little ~~~ I buy a little more :-)

I expect it will be far too expensive for me to buy any at the end of this year .

AJW : I applaud your extraordinary in depth knowledge of the detailed operations of BLOE and your ability to share THAT knowledge with other investors .
That does NOT mean you are correct about the quality of the management in the Company .
Unfortunately your almost fanatical defense of their performance and particularly that of PH , in my opinion somewhat nullifies your credibility . It has made others question your motives .
The man IS flawed , surely better just to accept that and stay focused on the real value here , `The Asset Potential ` .
Certainly the reason I invested and to my cost so far , have remained invested .
It`s NOT the management , it IS the asset that will reward and if it all works out we will have BH to thank not PH .
Which raises another somewhat sore point ~ they should have employed BH right from the start .
Anyway we do share a common goal in our hope that this interminable drill result will hopefully be a resounding success .

LOL !
btw ~~~ WHO , is AJW ?

Let`s say that the flow result is a cracking success , the sp doubles .
Does that mean PH is the right man , the best CEO to drive this business forward ?
Not IMO .
Schlumberger will certainly have their own view about that .

Exactly right Scooby !
I`ve been saying that for months .
He knows all too well he`s drinking in the `Last Chance Saloon` ~
~ Probably the main reason why he`s keeping his mouth tightly SHUT .

( Quality CEO material ? ~ NOT ~ imvho .)

~ " implications? " ~
Nobody has got a clue !
That probably includes PH !
Did HE know what he was brokering ? What has he brokered ?
As I understand THAT issue Shlumberger just wanted out , We just happened to be there .
What Schlumberger decide to do in November is anyones` guess , flow or no flow .
If it is however a poor Flow , I would imagine that `Albatros` will just flow away .

~ We might just then make some forward progress , from what is almost THE low for this Company .
It`s been a shambles and a disgrace ~ so far ~ Perhaps a good (very good) flow result will change the sp flow direction .
I`ve just got my fingers crossed because at this point nothing is going to change the short term outcome .
GLA

You`re so very right SEA7 .
They could be VERY much more proactive about the positives achieved which would (I think ) have gone a long way to support or even advance the sp this year . Your point illustrates this lack of focus on promoting the values and progress here .
My ever critical / cynical assumption is that they have been too focused on reward with this incessant share for salary scheme , although I do concede that the issues with Covid and those FFF`ers have been a frustration .
Shareholders have been very patient , but that wont last indefinitely .
I`m hoping "Soon" this time really does mean ~ soon ~ in the context of The Oxford Dictionary !
GL