Patience required for the stable production flow as they are still cleaning up. There is a gap in the chart from 17th May being filled at the moment. Another red day after the -20% on Friday is not a sign to buy.
The Council must have realised their case will not hold up at QC and it is not worth the legal costs. So, the decision will now be made for planning permission by the independent professional Planning Inspector, I assume in November.
It seems pretty certain now that Wressle will be a goer.
The tech. that the rich city boys have at their disposal is probably top secret but it gives them the edge over everyone else. Politicians will be oblivious to any of this as they are not IT savvy, a bit like when Facebook got away with harvesting everyone's personal data without consent for ages until this small fine punished them recently. You simply should never trust greedy fat cats and their constant ways of creaming more from Joe P
https://www.theguardian.com/technology/2019/jul/12/facebook-fine-ftc-privacy-violations
The scary thing is that even with their obvious advantage of having inside info. they still seem to be losing money on the AIM casino. Only experienced quick in and out traders make money on AIM. There may be algo bot AI trading programs running for all PIs know to make money for the City boys.
Significant holders like Miton as Institutional Investors have inside information. They have the advantage over ordinary retail investors. It's not fair, but they have put a lot more money into it than most and feel they have a right to know info before it gets released to the public.
What has other stocks got to do with it. They chose to dump a few days after the production was restarted on the 11th. That is a fact. Judge for yourself if you think it was a coincidence. I am not that gullible.
One thing is for sure, PIs are the last to know. Just look how Miton's TR-1 came out just 9 days before the disappointing RNS. Production resumed on the 11th July, date of crossing the threshold from 9% to under 5% was the 16th - too much of a coincidence, they knew in advance.
https://www.investegate.co.uk/block-energy-plc--bloe-/rns/holding-s--in-company/201907171659368918F/
Having looked at Art's video interviews it seems as though he is frustrated as us and has to rely on Shoreline and they have to rely on the Nigerian bank that is holding up the bond. Long holiday perhaps for the Director of the bank?
I'm expecting more that 295 bopd but less than 500 bopd. I did a bit of reading on drilling fluids. It is critical that the correct drilling fluid is used and what can go wrong can be read in the link below.
https://petrowiki.org/Drilling_induced_formation_damage
Starbuck911, do you think the period of time the well was shut in, perhaps allowing the drilling fluids to soak into the fractures could have caused some damage that might not have occurred if they had adequate extra oil storage? The unexpected 1,000bopd flow could somehow have now caused the problem.