Block Energy Share Discussion Threads

[thefartingcommie] 25/9/2019 10:48

Block Energy. Posted on 25 September 2019 Today 10:46 Flash Blog

Block Energy

A West Rustavi update this morning from Block, the sidetracking on the 38Z has commenced targeting the middle and upper Eocene formations ‘with the benefit of valuable new information’. At the WR-16aZ well oil and water production has varied significantly partly due to the failure of certain downhole equipment but remains at a strong flow of oil, water and gas and the recent week was 230 b/d of liquids with a water cut of 78%, higher than expected and a flow of 130 mcf/d of gas.

The encouraging news is that this has proved the productivity of the Middle Eocene but also making it difficult to assess and delaying production rates which has a knock-on effect on timing of announcements. Having said that this was always to some extent a learning process and results from these wells over the next few months should give us a much better idea of what this part of Georgia can impart.

[cpap man] 25/9/2019 10:41

Yes so might that 1M BUY be a start?

[donald pond] 25/9/2019 10:40

Got to expect director buys down here surely

[buffskins] 25/9/2019 10:21

in fop a punt .. should turn soon - GLA !

[apfindley] 25/9/2019 10:21

Did the rampers already exit.I'm expecting they sold near the top and on the way down, and shorted it, and took part in the placing.Same people, same Twitter pumpers, same crew always. Know their names, be aware of their games.

[thefartingcommie] 25/9/2019 10:09

Sep 25 2019, 08:46 5.29 1,000,000 5.00 5.30 Buy £52,935.00 O

....clearly someone else can see potential here...

[cpap man] 25/9/2019 09:45

Yes do not rate ZEN

[jungmana] 25/9/2019 09:42

hTTps://total-market-solutions.com/2019/09/23/could-zenith-energys-bull-run-continue/

[cpap man] 25/9/2019 09:15

There are lots of buyers of BLOE out there

[cpap man] 25/9/2019 09:14

Read the RNS again

[1oughton] 25/9/2019 08:56

hes a 2nd hand car salesman

you did hear it here first

[spangle93] 25/9/2019 08:44

Valueviper - agree with your sentiments. I've always preferred the geology to the CEO, but unfortunately the latter has more influence on the share price. So now i'm looking for what's not said, with a high BS meter.

For instance they talk about "high gas production", and even convert it to BOEPD, which has no economic relevance even if they were selling it. But AFAIAA, there's no gas offtake agreement or pipeline in place yet to sell the gas, which therefore must be being flared or vented (don't tell Greta) and therefore "boepd" is a total irrelevance. If I have this wrong please don't hesitate to correct me.

Why didn't they tell us they hadn't properly secured the liner? It was bound to be a problem at some stage.

All these "brush under the carpets" is like lying about your age or putting up a doctored image on a dating website - sure, it might be attractive, but you'll be found out when things get serious.

[value viper] 25/9/2019 08:43

No thanks mate

[cpap man] 25/9/2019 08:38

Not a bad RNS

Read it again

[bspgamer] 25/9/2019 08:20

This is another GEO

[spangle93] 25/9/2019 08:15

I guess BS sticks eventually. Let's see where this will go. The company is in a markedly different position since last time it was near 4p.

[homebrewruss] 25/9/2019 08:15

Operations update video:


Not watched it yet and no position currently.

[failedqs] 25/9/2019 08:15

How the hell did PH manage to get the fundraising away at 12p?....

[cpap man] 25/9/2019 08:13

ENCORAGINGLY

[cpap man] 25/9/2019 07:58

PET



1st of several MEGA RNSs out this morning from PET



Director, David Horgan commented:



"Petrel's modest size has long constrained our growth in a Middle East & North Africa (MENA) region bursting with opportunity. Too few premier funding institutions supported projects in conflict zones. We need access to bigger projects and deeper capital sources."



"These director appointments may transform Petrel's fortunes. Michel Fayad brings a strong "Rolodex", a flow of high potential projects, as well as significant financial, including hydrocarbon, experience in the MENA region particularly."



"Petrel has 20 years of operating experience in Iraq and neighbouring countries. But past agility has not always been enough. The availability of substantial new backers can now boost Petrel's standing, and therefore the scope of projects that we can tackle. The MENA region has never offered more opportunity."