Block Energy Share Discussion Threads

[iceagefarmer] 24/7/2024 21:58

hope price stays low until end of month...knowing my luck it will rocket before

[bibs] 24/7/2024 19:52

Good evening sarah68,As a long term investor in Block Energy and ADVFN member, I read your posts with intrigue.'enjoy losing your investment'Have you offered your financial advice to Amati and others on the shareholders register?I and others look forward to reading your reply.JB

[dodge_city] 24/7/2024 19:45

Looks like Skipper might have bought back in.

[faraweigh2] 24/7/2024 19:19

12 percent on 6 million today, do the math.Thick hey, better that than a bashing, attempting scaremonger, untruth teller.Good day, end of.

[sarah68] 24/7/2024 19:11

'Resulting in hundreds of thousands of pounds added to the Market Cap.'

you really are thick as poo poo....

how much has it lost over the last couple of weeks.....you just cant spin it....

enjoy losing your investment

best of luck

[sarah68] 24/7/2024 19:00

fara...name me some ftse....s&p....dow jones...companies that dont update their shareholders quarterly??? NONE

do you know what a red flag looks like??

go on just copy and paste an extract from the website....LOL

DELIST is coming just a matter of when

best of luck

[faraweigh2] 24/7/2024 18:59

No.12 on the leaderboard today.12 percent Bounce, not 10 percent.Resulting in hundreds of thousands of pounds added to the Market Cap.The Bounce that a certain basher only yesterday said wouldn't happen.Onwards in earnest with accumulation at this giveaway low share price.Thank you ; )

[sarah68] 24/7/2024 18:51

all looking good.............you are funny

why not take a look at the share price ...thats all that matters...is that good????

its on their website so must be true....typical retail punter about to see them delist and lose their money....

best of luck with that...

on another note....and you should look now and again....the top risers/fallers on a daily basis on AIM.....look at all their 5 year charts...the overwhelming majority are all down 90% plus from all time highs....what does that tell you...

when these penny stocks were in favour a few years ago some people got lucky and cashed out....

if the assett here is so incredible why is the share price at all time lows...

take your money and lose it at the casino....at least you will have more fun

next rns....rollover of loan!!!!!

dream on and best of luck

[faraweigh2] 24/7/2024 18:16

Extract from website:Operations employing the full range of modern exploration and production technologies, including 3D seismic, stimulation and directional and horizontal drilling, are facilitated through a regulatory environment supporting a liberalised energy market and stable framework for Production Sharing Contracts.Like the modern day production technology, provides us with licence to increase productivity over time.All looking good!

[sarah68] 24/7/2024 17:37

those lse rampers are just seriously deluded....keep on talking about the asset...

it one thing having it...its another thing extracting it which everyone has failed at....

dont hear them talking about the oil???? i thought that was a winner so we were told by PH and guess what...they failed...

10% bounce and they are creaming their pants...

stupid will be stupid

[jeevescharlie] 23/7/2024 14:08

You have been posting your boring rubbish for years first on LSE and now here. Look at the volumes only a tiny number of the total shares in issue have been sold.

[sarah68] 23/7/2024 13:59

'Bit of perspective on assett possibilities and extraction approach.'

that bd6 on lse really is a tool posting the above....

if i approach a shop and purchase a lottery ticket there is a possibility i will win....

possibilities and an approach adds ZERO value (irevert you to the tumbling sp) results do!!!!

if it was a dead cert why is everyone selling

you really cant teach stupid

delist of course

[sarah68] 23/7/2024 13:27

ZERO......

timber.....down another 5%....

get out while you can!!!!!!!

delist inbound trust me

[dyardley] 23/7/2024 13:14

Where's the bottom?!

[sarah68] 23/7/2024 10:49

all they do is copy and paste an rns.....its not words investors need its action.....action that adds value....

sp down again....all sells again today.....no red flags you ramping idiots...

all time low soon to be broken once the next rns comes out stating they are rolling over the loan because they want their 16% interest.....

delist on the cards

[batiatus] 23/7/2024 07:28

Fara, you're boring me.

This is all a copy and paste job, following scripts.

Try raising some points and debate like a human.

[faraweigh2] 22/7/2024 18:44

Block's assets have been attributed gross total 2C resources of 255 MMbbls of oil and 984 BCF of gas, across five fields and two reservoirs.


Operations employing the full range of modern exploration and production technologies, including 3D seismic, stimulation and directional and horizontal drilling, are facilitated through a regulatory environment supporting a liberalised energy market and stable framework for Production Sharing Contracts.


All from company website and RNS.

[faraweigh2] 22/7/2024 18:14

Block made good progress in executing its four Project strategy:

· Delivered 299,824 operational man-hours with one Lost Time Incident ("LTI"); (2022: 382,542 with no LTIs).

· Significantly increased EBITDA to $1,469,000 from $158,000.

· Reduced cost of sales and administrative costs (excluding depreciation and depletion) in the year from 2022 by $549,000.

· Maintained a disciplined approach to capital allocation across the Company's portfolio.

· Successfully and safely drilled wells WR-B01Za and WR-34Z.

· Increased oil production to 151,184 bbls (2022: 120,359 bbls) and gas production to 283 MMCF (2022: 267 MMCF), resulting in an average daily production rate of 543 boepd (2022: 452 boepd).

· Raised $2.0 million via a secured loan to undertake drilling operations on Project I.

· Completed the Project IV farm-out, achieving a carried work programme valued at over $3 million (gross).

· Completed the internal evaluation of Project III, covering the Patardzueli-Samgori, Rustavi and Teleti fields at Lower Eocene and Upper Cretaceous level. This work was subsequently (on the Patardzueli-Samgori field) audited to Petroleum Resource Management System ("PRMS") standards by a leading technical consulting firm and forms the basis for the farm-out campaign.

· Signed a Memorandum of Understanding with the Ministry of Economy and Sustainability covering, amongst other items, the strategic importance of Project III

· Commenced work on the CCS opportunity with the independent evaluation being published in 2024.

[jaknife] 22/7/2024 17:58

Faraweigh2,

"Pivotal year and the Company believes news of its initiatives and operating developments no longer conform to a quarterly news cycle and therefore risk compromising strategic and commercial discussions with potential farm-in candidates.


All taken as fact from recent Ragulatory Newsflow."


You are confusing "facts" with "management spin".

BLOE's management are a bunch of shameless spivvy promoters, they routinely put out spin to sucker in naïve retail punters. Hence you read:

"2023 stands out as a pivotal year for our Company."

Whereas professional investors looks at the accounts and see:

* In 2023 the Company made a post-tax loss of $2,213k, a 37.6% worse loss than 2022's post-tax loss of $1,608k

* Cash burn in 2023 was $1,737k, the Company ended the year with net debt of $1,287k when it had net cash of $450k a year earlier

* The 2023 accounts are caveated as to going concern because the $2.0m secured loan is due for full redemption in August 2024 and there are scenarios in which the Company may not be in a position to settle this liability on time.


Your job as an investor is to look at the accounts and see if the words that management BS to you match with the words and numbers that they are legally obliged to publish in the accounts. In BLOE's case management have won awards for pulling the wool over the eyes of its investor base. There are some deluded investors who actually think that BLOE made a profit in 2023! Can you believe that?

JakNife

[faraweigh2] 22/7/2024 17:44

Pivotal year and the Company believes news of its initiatives and operating developments no longer conform to a quarterly news cycle and therefore risk compromising strategic and commercial discussions with potential farm-in candidates.



All taken as fact from recent Ragulatory Newsflow.