Block Energy Share Discussion Threads

[oilinvestoral] 30/10/2019 14:39

Mr 186 getting quite aggressive with his buying! 5-6 Blocks of 186k shares just gone through at 8.1p! Someone wants to accumulate

[tidy 2] 30/10/2019 13:44

Buy whilst its steady like this. L2 2v1 and sitting above the 200dma. Good sign.

[futuredlighter] 30/10/2019 13:04

does share price start its next run up this week or next week??

[tidy 2] 30/10/2019 12:39

Under the terms of the Agreement, which runs until 31 December 2022, Bago will purchase gas produced from the Field at a price of US$5.24 per MCF. Bago will also pay for the costs of installing the infrastructure necessary to connect the gas produced from the Field to Georgia's gas distribution network. West Rustavi has gross, unrisked 2C contingent gas resources of 608 BCF in the Eocene and Cretaceous formations. The Agreement, which follows a Memorandum of Understanding announced on 5 October 2018, was finalised following Bago's appraisal of gas samples from the Field. Sales are expected to commence during Q1 2020.Free and associated gas is currently being flared from well WR-16aZ under a temporary permit issued by the Georgian state. Block is pursuing a multi-well programme designed to realise West Rustavi's oil and gas potential, including the sidetracking of a second well, WR-38Z, updip and analogous to WR-16aZ, targeting the same Upper and Middle Eocene formations. Block also plans to sidetrack three other wells, test one of the Field's gas discoveries, and drill a new gas well during its campaign. The Company is also acquiring a 3D seismic survey to provide a critical understanding of West Rustavi's subsurface, allowing identification of optimal locations for future drilling.

[tidy 2] 30/10/2019 12:10

Gas alone is a company maker the oil is a nice added bonus.

[tidy 2] 30/10/2019 12:03

Under the terms of the Agreement, which runs until 31 December 2022, Bago will purchase gas produced from the Field at a price of US$5.24 per MCF. Bago will also pay for the costs of installing the infrastructure

[the skipper] 30/10/2019 11:49

It means that there are four market makers on the bid and only two on the ask, but the important thing from a TA perspective is that the share price has broken through the 200 day moving average, dropped below and now bounced back above it. That is very good from a TA perspective and the shorter term 20 day moving average is now getting ready to jump above the 50 day moving average, so we could well have a golden cross tomorrow. What's not to like about that?

Back to my DIY now with a big smile on my face :-)

[mwainw1973] 30/10/2019 11:42

Tidy what does 4v2 mean on level 2?

[tidy 2] 30/10/2019 11:39

100% COS fully funded. Gas contract deal announced today and oil production ready. Infrastructure in place. At this cap it's an obvious buy and hold.

[the skipper] 30/10/2019 11:04

Coming back nicely now that the weaker holders have been flushed out.

[tidy 2] 30/10/2019 10:44

Gap filled

[the skipper] 30/10/2019 09:59

The market makers have also been hiding buys so they can acquire stock for the next leg up. Look out for the late reported trades later.

[oilinvestoral] 30/10/2019 09:51

It'll closer much higher ! Just closing the gap then free to move upwards. BLOE always rallies in the afternoon

[futuredlighter] 30/10/2019 09:36

thought this might have been received much better than this today

[gonuts1] 30/10/2019 09:09

I am still standing by my post.

Once we hit 17p, MMS will put it in auction price will most likely be with 85p-100p, there's a possibly of even 120p. who knows about these crazy mms.


gonuts125 Oct '19 - 16:40 - 5425 of 5465 Edit

Bloe will be going banana next week.

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

[gonuts1] 30/10/2019 09:07

I warned you all this was going to banana this week.

This will keep going nuts, this week, next week, and entire next 2-3 months.

[lithological heterogeneities] 30/10/2019 08:58

Then retire.

[lithological heterogeneities] 30/10/2019 08:57

More good news as expected.

Lots more to come shortly and way into next year with 6 well programme (5 already fully funded and 1 to be funded out of proceeds from first 5).

$1.2 - 1.97 billion gas potential as well as the oil.

Fantastic investment. Fully expect to see 50p-100p next year some time.

[oilinvestoral] 30/10/2019 08:43

Production figures next week ! 12-13p is nailed on imo!

[cpap man] 30/10/2019 08:07

Absolutely @ BLOE

[stoneme] 30/10/2019 07:59

Pleased to have got in here at 5p thanks - you know you tipped!

[cpap man] 30/10/2019 07:58

As per the PM l h this is just the start @ BLOE