Block Energy Share Discussion Threads

[5park] 11/6/2018 18:25

URL for Proactive interview:

[croasdalelfc] 11/6/2018 17:26

To clarify That's local G&A and opex in those fields

[croasdalelfc] 11/6/2018 17:25

Interview with Paul Haywood on Proactive says G&A plus opex is covered by 20 bopd. Which is current production.IPO funds cover capes for next 18-24 months. 120 bopd at $70 Brent will be cash flow positive

[113mike] 11/6/2018 14:52

in the short term that is

[113mike] 11/6/2018 14:52

Yeah, 2p is a bit unrealistic. Will see how it goes for a while...can't see anything dramatic happening to the share price short yet.

[croasdalelfc] 11/6/2018 14:07

2p would value them at £5m with £4m in the Bank, I doubt it will drop so low. I bought a few at 4.08 though showing as a sellBreak even is 100 bopd and workovers programme is aggressive 10 in next 6 months , current production 20 bopd.

[currypasty] 11/6/2018 14:05

As part of the Admission process, the Company has raised GBP5 million before expenses, through a placing and subscription of 125 million new ordinary shares at an issue price of 4p each, implying a market capitalisation of circa GBP10.3 million on Admission.


I would guess by the price action that the other 132m shares were bought at no where near 4p

[113mike] 11/6/2018 13:54

I'll start buying around the 2p level. Usual sell off happening after firstly listing

[novicetrade68] 11/6/2018 11:13

Interesting, thank you timbo.

[timbo003] 11/6/2018 09:16

I bought a few in the AIM IPO on the basis that they qualified for EIS/VCT tax reliefs. It is unusual for oilies to qualify for EIS , but I have now checked the AIM Admission document on the web site and it's confirmed on page 30:




Therefore these will be a three year hold for me.

[novicetrade68] 11/6/2018 09:09

Keeping an eye on.