Block Energy Share Discussion Threads

[spangle93] 31/10/2019 11:12

Doh - I saw "board change" and thought Haywood was on the way out. Alas not. He's a real albatross round the neck of this company.

Other than that, progress looks good. But you wouldn't drill a well for 500 mcf/day, unless it was a really cheapo coal seam gas one, so it's associated gas

[catchingmice] 31/10/2019 11:00

Not a market favourite this one by any means as it's all based on expectation and nothing solid that can or will interest the markets.Today's drop spells it out in my view after the RNS

[wrtmf] 31/10/2019 10:41

tidy, tell the clown on lse to look up the georgian flag
doh!

[tidy 2] 31/10/2019 10:32

Rig ready to move to next well and they will start to get next well prepared .

[tidy 2] 31/10/2019 10:32

PH say no placing and fully funded

[tidy 2] 31/10/2019 10:29

16aZ is still work in progress no new info but specialist to also look

[cpap man] 31/10/2019 10:08

MALCY's BLOG



Block Energy

After yesterday’s announcement of a GSA with Bago, a local supplier and purchaser of gas at $5.24 per MCF, with Bago paying for infrastructure, today Block announce the completion of drilling at WR-38Z well in its West Rustavi field. The well showed multiple fractures and oil shows during drilling but we will have no idea about flow rates or productivity until after testing ‘over the coming weeks’.

Block’s share price has been rallying significantly back up to the 8p level but any move back up to the 17.5p high will need a decent flow rate from this well and a rebuild in trust from the market. Both of these are perfectly possible and the management is taking steps to up the profile and I have already had one meeting with PH and have been offered another so things are improving on that front.

[chinadog3] 31/10/2019 09:39

The announcement mentioned multiple fractures. What are they in the context of the drill. Thanks in advance

[wrtmf] 31/10/2019 09:11

flow rate, mon 11 nov @ 11am of 1111bopd, lol

[tidy 2] 31/10/2019 09:06

10am AGM amd prezzo. PH to put more meat on the bone

[cpap man] 31/10/2019 09:01

Perhaps / perhaps not supertag ? but BLOE are now technically driven by all the technical people @ BLOE which is great

PH has to a very large extent become irrelevant @ BLOE

[supertag] 31/10/2019 08:58

The trouble with P H is that you can't trust him!

[lithological heterogeneities] 31/10/2019 08:54

For me,perhaps the most encouraging signs showing that this will flow oil & gas very well are:

1.....Original WR-16 well "flowed gas at rates significantly higher than the Company anticipated, occasionally reaching 500 mcf/d (or 80 boepd), well above rates that would be expected if the gas was only associated with the oil."

2.....Signed a Gas Sales agreement at a terrific price well into the new WR-38 side track.

3....They signed the Gas Sales agreement a couple of weeks into the new side track drilling.
Why would they do that if if it was not going well ?

[gconvery] 31/10/2019 08:44

Is this interesting in the RNS: The Field has so far produced 50 Mbbls of light sweet crude...? Can't remember the price per barrel Bloe get but this is 50000 barrels of oil according to their own glossary in the RNS....

[tidy 2] 31/10/2019 08:37

L2 4v1. Prezzo and AGM 10am today.

[tidy 2] 31/10/2019 08:31

2nd RNS our.

[dodge_city] 31/10/2019 08:28

Looks like a they drilled a duster.

[lithological heterogeneities] 31/10/2019 08:27

RNS chasers selling up.
Real investors remaining.

[lithological heterogeneities] 31/10/2019 08:22

* successful drilling
*multiple natural fractures
*oil shows
*used swellable packers that guard against possible fluid incursion
*plans to sidetrack three other wells
*currently acquiring a 3D seismic survey
*significant progress
*flow rate results in the coming weeks

All good. On track.Very happy.

Worth repeating:
*successful
*oil shows
*used swellable packers to prevent water

[easwarareddy] 31/10/2019 08:08

Im shorting this.... down it goes. Sell on news time

[easwarareddy] 31/10/2019 08:07

Im in pet. Think its a multi bagger

[gonuts1] 31/10/2019 08:05

red please go away. I am shorting eua at 3.1p.

Looking to close at 1.2p.

U IS A BAD MAN.

[tidy 2] 31/10/2019 08:04

646m naturally fractured pay zone. Nice