About to Blow? … also that “bago†is paying for the infrastructure to connect the gas … and signed a supply agreement. Clearly “bago†know how much gas is available or they wouldn’t be doing the work! … gas was being flared which seems a bit of a waste to me. It’s a small company and not everything will go smoothly but they seem to be doing ok atm. Get 38Z and the next (51) right and I expect things to move up a gear or two … but that’s the gamble?
About to Blow? So by/before next month share price will continue …,
About to Blow? Hi jaytee, Have a read of this article:[link] and you will then appreciate why the well is shut in pending its hookup to Bago’s pipeline. Hopefully not long to wait now until the pipeline and processing equipment is in place and the beast can be released. My hunch here is that the company are going for a steady supply of news over the coming month or so to help build confidence in the flow rates when they are released. ATB, Tot
About to Blow? But they’ve closed 16az down so how are they going to start selling gas in January as mentioned.
About to Blow? … and a new sidetrack on well WR-51 !! … also with the newly acquired 3D for future drilling. … but you’re right in the need to get the two current wells properly stabilised and flow oil.
About to Blow? Well there’s the update, with the key words being ‘flowing naturally’ and no hype this time, so initial reaction is muted but I expect the sp to build slowly as sellers clear and we approach the final results of the well testing. Tot
About to Blow? It certainly looks that way now rpg, although today’s warrant exercise provides some modest encouragement. Still all to play for imo given that an extended testing period should have been expected this time around after the PR nightmare that followed the premature issue of results with the initial well. Hopefully we will have a very pleasant surprise in the not too distant future.
About to Blow? Looks like ’ the magic grandpa’ affect,with some getting out of the market just in case.
Doc Holiday podcast 6 dec 19 Seems as if Doc is getting excited about some impending news. “I’m hearing there’s ALOT more coming down the pipe very,very soon and is something you might want to have in your locker moving into next week and towards Christmasâ€
About to Blow? Well it looks like the overhang has finally been cleared as Cantors have this afternoon moved from the ask to the bid , along with Winterflood securities. Shame that the dumper seems to have damaged confidence here though.
About to Blow? Cantors are still sitting on the ask so the price doesn’t tick up in the face of persistent buying over the last few traing days. For those who don’t have level 2 the next market maker position on the ask sits at 5.9p, so an immediate tick up can be expected once Cantors have shifted their client’s stock. I do not expect to see a RNS until this overhang has been cleared but it can’t be long now imo. Tot
About to Blow? Cantor Fitzgerald clearly have a lot of stock to shift as they are the only market maker sitting on the ask. Once that has gone we should see some upward movement here. Pity the buyers can’t just get in a room with them though…
About to Blow? Some heavy buying going on here today and I just got offered 5.45 on a dummy sell of 75,000, so the bid price can be ignored and must surely tick up soon if the buying continues. Hopefully the buyers are ‘well informed’. Cough,cough
Operations update Do we think all the Warren Buffet and share dealing impersonators have left the building yet?
Operations update TR1 announced after hours! New shareholder,Global Prime Partners, acquires 15,040,910 shares. This could explain the drop after 2 good RNS’s. MM’s filling the order, we’ll see how the sp fares today! Block Energy PLC - BLOE TR-1: Notification of major holdings Released 17:55 31-Oct-2019 RNS Number : 8910R Block Energy PLC 31 October 2019