Block Energy Share Discussion Threads

[block4gooner] 25/10/2019 17:45

I saw a film a couple of years ago. I think you may live thereLA LA LAND

[gonuts1] 25/10/2019 17:40

Bloe will be going banana next week.

Once 17p is hit, MMS will put it auction. We could open 85p-100p.

[tidy 2] 25/10/2019 14:59

$1.2 BILLION GAS + lots of oilPaul Hayward (BLOE CEO):"The opportunity for us in West Rustavi is huge. We are now 100pc in over 600bcf of 2C gas resources.To put things into perspective, the assets that our new ventures team are looking at plays are 100-150bcf at a capex of $160m. We are based onshore in Georgia, and we are getting these wells down for $4-$5m with netbacks of c.$2-2.5/mcf.If you run that over an unrisked 600bcf resource, then you are looking at a project value of about $1.2bn."Has anyone got the link to the above. Trying to find the full interview?

[tidy 2] 25/10/2019 14:58

Just bring this forward to the new members. China's TCC company: Georgia eyes to become successful supplier of gas to EuropeToday 19:06https://en.trend.az/scaucasus/georgia/3137649.htmlChina's TCC company: Georgia eyes to become successful supplier of gas to Europe23 October 2019 13:59 (UTC+04:00)BAKU, Azerbaijan, October 23By Tamilla Mammadova – Trend:Georgia seeks to successfully establish a bridge with Europe and become a guaranteed and reliable supplier of natural gas to European states, said Wang Lei, Vice President of China Tianchen Engineering Corporation (TCC), Trendreports via the Ministry of Economy and Sustainable Development of Georgia.He made the remarks at the Tbilisi Silk Road Forum 2019, which is being held in the Georgian capital on October 22-23.Wang Lei spoke about current trends in energy supply, Georgia's energy potential and joint projects in the country."We are implementing a project in Georgia, so we have studied this country well. We are currently working on the Gardabani project, which was commissioned by the Georgian Oil and Gas Corporation. Georgia is a good resource for hydropower development. With regards to energy supply, we can contribute to the electrical safety of Georgia by building electric enterprises," he said.More than 2,000 delegates from 60 countries, including more than 30 official delegations, take part in the Tbilisi Silk Road Forum this year

[lastoneout] 25/10/2019 14:55

Another run at 7.5 brewing? Come on BLOE, blow!

[tidy 2] 25/10/2019 13:35

Duly funded and infrastructure ready in place. No long waits.

[mynameiskhan] 25/10/2019 13:23

Catch, I think W30 gas well has huge upside potential, targeting 608 BCF, with $1.2 per MCF NPV. This is like, exponential upside potential on success cash.

[lithological heterogeneities] 25/10/2019 13:21

depends on strength of curry :0)

[cpap man] 25/10/2019 13:15

You ready l h for your Friday afternoon BLOE off?

[cpap man] 25/10/2019 13:14

Red to U/C to blue....

[catchingmice] 25/10/2019 12:51

Very optimistic but i wish you good luck. I shall keep it on my watch list though.TheMICE

[mynameiskhan] 25/10/2019 12:42

There is good chance of 25-30p on W30 gas flow rates result. At the moment, W38 is primary focus; if it flows good rate, can see in double digit easily

[catchingmice] 25/10/2019 12:34

Short term 30p ?I think you will have a very long wait indeed.Maybe 9p over the next 18 months or so is my projection on this.However please DYORAll the bestTheMICE

[cpap man] 25/10/2019 12:15

Looking for in the short term @ BLOE circa 30p+

[cpap man] 25/10/2019 12:12

And the rest l h

[lithological heterogeneities] 25/10/2019 12:11

Yep.

11p+ is clearly where they are expecting this to go.

And this is just the 2nd of a 6 well programme (5 fully funded and 1 to be funded out of profits from 1st 5) and will include 2 bites at the $1.2 billion gas "cherry".

This has MASSIVE potential hence Paul Hayward (BLOE CEO) saying ""‘We believe there is plenty of scope for growth from our current valuation, and that we are firmly on course to realise our ambition of becoming AIM’s newest mid-tier oil and gas company."

[cpap man] 25/10/2019 12:03

Grant of Options

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, has today granted a total of 6,325,000 options to acquire ordinary shares in the capital of the Company to new and existing employees. The options have an exercise price of 11p per share



Same as the recent £12m fund raising with II's at 11p

[cpap man] 25/10/2019 12:01

Paul Haywood, Director of Block Energy, said:

"The successful cementing of WR-38Z's seven inch casing is a significant step in the sidetracking of the Well. Our drilling of well WR-16aZ provided a wealth of data about the Field's subsurface that has allowed us to optimise the completion design of WR-38Z, knowledge we will be able to apply to all the West Rustavi wells we subsequently drill. We look forward to updating you on further progress at WR-38Z, WR-16aZ, and our work across the Field."

"We are also delighted to welcome Jim, Steve, Mamuka and Kevin to the Block team. They bring skill, versatility and deep industry experience that further strengthens our operations capability. Block Energy comprises a range of international talents dedicated to ensuring the success of our multi-well programme."

[lithological heterogeneities] 25/10/2019 11:58

RNS - 21 OCT 19 (Monday)
"Block looks forward to announcing the completion of drilling operations at the Well in around two weeks."

ALOT higher next week before the results which ,using a new "Liner that prevents fluid incursion" and "the use of swellable packers providing secondary barriers to water entry" should provide a successful oil flow (without water) result.

Very exciting week or two ahead. Could easily get back to 15p.

[cpap man] 25/10/2019 11:50

Yes the BLOE chart is in excellent shape with this slight profit taking pull back allowing BLOE to energise for the next big step up in the share price shortly!

[tidy 2] 24/10/2019 21:06

Bullish MACD centre line cross. hTTps://lse.swingtradebot.com/equities/BLOE:LSE

[block4gooner] 24/10/2019 18:40

Great advice as per your track record