Block Energy Share Discussion Threads

[catchingmice] 07/10/2019 12:43

There is one on every board like him who doesn't care about the consequences of pi's losing moneyThe geezer is deluded by repeating the same baloney time after time

[cpap man] 07/10/2019 12:35

BLOE

"We have a fully funded five well drilling programme in the months ahead, providing our investors multiple, near-term value creating opportunities."

[catchingmice] 07/10/2019 11:51

Listen here geezer stop spouting baloney about being fully funded for 5 wellsIt's about finding oil not as easy as buying a sausage roll from greggs is it ?People like you will lose pi's their hard earned money talking like thatWake up and smell the coffee geezer

[mad foetus] 07/10/2019 11:29

I don't think anyone believes a word PH says. That's the problem here.

[cpap man] 07/10/2019 11:20

BLOE

"We have a fully funded five well drilling programme in the months ahead, providing our investors multiple, near-term value creating opportunities."

[cpap man] 07/10/2019 11:20

Ok bp good luck with your short but don't be greedy as BLOW has already fallen from 18p to 4p

Would suggest that is more than enough as your post is just one of several views on BLOE

[barnetpeter] 07/10/2019 11:17

I doubt the oil will cover the cost of that drilling. My guess is the loss this year will exceed £7 million. I think the directors got very excited and put out flow rates that were misleading. I can understand why but this is a public company so punters took that as gospel and piled in at up to 18p. The losses on this are now huge....I are very bearish and have been all the way down. Until we see actual flow rates of oil ..I think this is non commercial and the well may end up being plugged and abandoned. That’s just my view

[cpap man] 07/10/2019 10:51

BLOE

"We have a fully funded five well drilling programme in the months ahead, providing our investors multiple, near-term value creating opportunities."

[90005nelson] 07/10/2019 10:51

Perhaps they should stop drilling cancel the campaign and all go home because the CEO said some BS a few months ago and someone's wrote a blog about it.

[barnetpeter] 07/10/2019 10:23

Just read shareprop article...you get a couple free every month...it suggests the placing was probably forward sold into the huge volume when this was 14p plus. No one knows the flow rates and the yearly admin costs are nearly 3 million a year. Lots of people punting at about 4.2p....there might be a spike of course for the punters.

[catchingmice] 07/10/2019 10:07

DYORBut this is going nowhere in the foreseeable as PH continues talking baloney Seen it all before with all the promises " We are full focused on shareholder value " ?Similar stock to MATD that is another going down the pan pretty quick.Problem is many pi's hold for a recovery but that doesn't often work out.Not here giving advice but if it was me i would be out of here in the blink of an eye.So many better oil plays than BLOE & MATD out there.Hope it comes good but i just don't any value whatsoever

[cpap man] 07/10/2019 10:02

No it hasn;t - it is exactly @ 4p as i type....

[barnetpeter] 07/10/2019 09:58

Broken below 4p today.

[cpap man] 07/10/2019 09:45

Now a case of 4p to 17p again?!?!?

[cpap man] 07/10/2019 09:20

KAV



SP Angel . Morning View .



Kavango Resources (KAV LN) 2.0p, Mkt Cap £3.1m – Kavango selects new targets for 1,000m drill campaign

Kavango Resources has signed a contract mobilising a number of drill rigs to test targets in Botswana.

The drill program is for three vertical holes covering 1,000m on the Kalahari Suture Zone ‘KSZ’

The team plan to intersect conductor targets at depths of between 200m and 400m.

To save time and cost, the holes will be pre-collared to approximately 150m with reverse circulation drilling followed by diamond core drilling for better information on the geology below this point.

Management are hoping to find mineralisation in a 10km x 6km magnetic anomaly, which is interpreted as a potential magma chamber.

The other two targets relate to significant linear magnetic and conductive structures.
Water will be trucked in from a local town.

Conclusion: Botswana hides many interesting mineral discoveries under a significant depth of Kalahari desert sand.

Kavango hopes the use of modern remote sensing techniques will help it pinpoint mineralisation in anomalies of significant scale under the sand.

While drilling these targets feels a bit like wildcatting in the oil industry investors can rest assured that target generation is supported by a thorough analysis of the latest data.

[1oughton] 07/10/2019 08:25

hmmmm 3's here it comes !

[katsy] 07/10/2019 08:19

back to where it all starting in April wow!