kenniGT, doubled my money on BLOE. The 11p placing shares are still being sold off for the II's 20%. The SP dropped a couple of times below the placing price and that was the time to buy again. Here at Angus, the SP is now over 80% below the placing price and that just stinks.
It's as clear as day
***
CONCLUSION
The results of this study show that the Tmax values obtained for all the analyzed samples are less than the threshold Tmax value of 435°C quoted for the beginning of oil window in the literature. However, these results are not taken as gospels because the pyrolysis Tmax parameter is partly dependent on the type of organic matter (Peters and Moldowan, 1993) and can vary from one sedimentary basin to another.
Thus, it is concluded on the basis of multiple lines of evidence from the biomarker studies that the Purbeck Black Shale is thermally mature and is already in the oil window. On the other hand, the thermal maturity shown by the Gault Clay sample
is interpreted to be a result of allochthonous bitumen, probably from the underlying more mature, older Liassic shales or the Kimmeridge Clay beds in the basin.
It's serious. Read this.
http://www.akamaiuniversity.us/PJST13_2_407.pdf
It's just over the edge of the sweet spot, surprising seeing that Brockham PL 235 is next to Horse Hill PEDL 137. Unlucky!
***
Accordingly after careful consideration of all other possible explanations the Board formed the view that this well would not flow commercially without stimulation and immediately set about releasing this information to the market.
Some tentative explanations were advanced as to the reason behind this including the possibility that Brockham, unlike nearby Horse Hill or Balcombe, sits just on the margins of the Kimmeridge basin where maturity of the Kimmeridge clay may be insufficient to generate commercial oil quantities .
JPM appeal likely to be heard at the end of this month. The Nigerian government want $875 million from them.
https://allafrica.com/stories/201907120523.html
I think the delay is possibly down to the government scrutiny of all oil deals especially after this little beauty about Shell, Eni and JP Morgan. COPL must do it right and not give bribes to Ministers.
https://www.usnews.com/news/world/articles/2019-05-10/nigeria-says-ex-president-and-his-oil-minister-took-bribes-court-filing
If investors had not heard of Brockham (26% of assets), they would still be invested and looking forward to Balcombe and Saltfleetby next year and the SP and Market Cap. would be much higher. Take a look at UJO, all sentiment and no revenues.