Block Energy Share Discussion Threads

[neo26] 21/3/2019 14:43

Paul on Vox
Interview starts 13:00

[neo26] 20/3/2019 16:19

They producing 60bopd at norio and this will increase as they continue with the workovers.They will be drilling one horizontal at norio with base production at 100bopd.Total target in norio is 250bopd by june.In Rustavi they have just tdd at 16a, estimate 325bopd from this well as soon as this completed they will move to other workover well not too far away.Confident by june they will he producing mininmum 650bopd from Rustavi.All these work commitments are fully funded.16a well can be put in production quickly as all infrastructure is in place.Company is a steal at current price.

[costax1654x] 20/3/2019 15:18

We shall see!!!

[costax1654x] 20/3/2019 15:18

Still 10 mil shares at 2.5 pence to go on sale

[costax1654x] 20/3/2019 15:16

Looking at your investments in companies like RMP etc I wouldn't argue with you

[neo26] 20/3/2019 14:32

KeyaNext week the financials, i think it will take around 10 days for testing.I hope they achieve greater production target than 325bopd in well 16a.This is definately a hold, not many small oil companies produce.They are all huff and puff not this one...

[keya5000] 20/3/2019 14:03

ha ha in your dreams

[costax1654x] 20/3/2019 13:38

Still lots of selling!So probably the smart investors are waiting for 3.3-3.5 target to buy some!

[neo26] 20/3/2019 07:57

Excellent news today..

[spangle93] 20/3/2019 07:33

Getting next the pointy end of the first year's work now. Still on track, but squeaky bum time

[neo26] 17/3/2019 23:24

So next week the financials and possibly news this week on WR.

[neo26] 15/3/2019 20:16

well 16a in Rustavi should be completed very very soon, next week might be interesting here.

This well might flow near 500bopd

[lastoneout] 15/3/2019 16:56

From the 7th March RNS"The oil production rate at Norio 44 has increased signficantly over the past five days, rising daily to reach 21 bopd on the most recent day for which figures were available (Wednesday 6 March 2019). The Company's initial forecast for the well was 15 bopd."Sounds like the water cut was still reducing. Maybe we'll hear something in next update

[neo26] 15/3/2019 16:47

Lastoneout??

[lastoneout] 15/3/2019 16:33

Wonder if the oil cut is still increasing

[neo26] 15/3/2019 15:57

https://twitter.com/BlockEnergyplc/status/1106560576304627714?s=19

[neo26] 15/3/2019 07:13

So the cos of the sidetrack is 75%?

[neo26] 14/3/2019 12:04

well interesting times here it seems.

mkt cap 10m

[lastoneout] 12/3/2019 17:31

Ah it was from yesterday. Some confidence though!

[lastoneout] 12/3/2019 17:24

Thats odd. A million share delayed trade at 3.80 showing from 14.27hrs. Didn't budge the share price though?

[croasdalelfc] 12/3/2019 12:35

No Placing according to CEO on Vox markets podcast

[spangle93] 07/3/2019 17:22

Thought I'd better write this week's post.

RNS issued - workover increases flow rate from Norio wells from negligible to not very much. Just hope the capital cost of the operations pays back at a reasonable IRR; I guess it must, because the rates achieved are higher than pre-drill expectations, presumably on which the investment is made

[lastoneout] 26/2/2019 16:59

Yeah another down a bit up a bit down a bit dayProblem with this news - great as it was IMV - is that the market can't quantify it until we get news from the WR sidetracks and there's a couple of weeks before that lands I reckonCloser news obviously is Norio and I reckon it's likely to cover all 5 of the wells perforated so far. Could be big and finally push us past 4p. Lets hope

[spangle93] 26/2/2019 16:28

Well, by the end of the day, it's not gripped the market's enthusiasm :-(

Maybe 4p is going to be an increasingly hard barrier to cross?

[lastoneout] 26/2/2019 10:34

Sorry yes for clarity I was talking of the original development phases