Block Energy Share Discussion Threads

[wrtmf] 24/1/2020 16:21

finally somebody has had to pay 5.4p, the full offer
dummy 200k sell 5.085p, immediate quote

no guarantee news next week, but fingers x'd we will...
next weds marks 13 weeks the rig has been idle! intolerable.
edit - next tues marks 6 weeks multirate production test at wr38. have we expired 'several' weeks yet?!!!

[sahina123] 24/1/2020 14:20

I think it will.

[78steve] 24/1/2020 14:16

Will history repeat itself as we had with well 16az. When is the ceo doing more interviews? lol

[sahina123] 24/1/2020 13:53

All Waiting for good news

[bobaxe1] 24/1/2020 13:49

Plenty of blue out there

[wrtmf] 23/1/2020 17:20

7:1 buys to sells
1 delayed trade from 21st jan
low volume.

[lastoneout] 22/1/2020 20:48

Maybe our mid cap status is on its way ;-)

[sea7] 22/1/2020 20:10

I notice that in the december update from amati, they show block energy in their TB Amati UK Smaller Companies Fund, whereas, in november and before, it was in the Amati AIM VCT.

Decembers comment re block energy (posted 15th Jan 2020)...Block Energy’s weakness continued given operational difficulties in West Rustavi, Georgia.
.................................
it should be noted though, they haven't indicated trimming or selling out - other stocks are referenced as being sold out of etc.

[wrtmf] 22/1/2020 19:27

'Multirate Test in Horizontal Wells'
[background/abstract]

more detail [plus the maths!]:

[wrtmf] 22/1/2020 10:15

5wks since 17/12 update [wr51 ready for sidetracking, wr38z flowing naturally]
12wks since 31/10 update [end of drilling ops at wr38z] - nxt week: one quarter year!

--
keenly observed by djm1 on lse:

'23 January 2019
Block Energy Plc ('the Company', 'Block' or 'the Group'):
Commencement of sidetracking operations at West Rustavi field

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce that sidetracking operations from the existing 16a wellbore ('16a' or 'the Well') on the West Rustavi field ('West Rustavi') commenced today'

[wrtmf] 21/1/2020 14:13

first target = overcoming 5.4 from 15th jan
that would set up a higher high!
tomorrow?

[the skipper] 21/1/2020 12:46

It's a late reported trade so probably a buy.

[wrtmf] 21/1/2020 12:32

750k trade @5p, could that be a buy, delayed an hour?
if its a sell, they got a very good price compared to small sells!

[the skipper] 21/1/2020 12:21

Ignore the spread. I just did a dummy sell for 200k and they are offering 4.98. The bid will have to tick up soon imo.

[cpap man] 21/1/2020 11:55

12 inches more like!

[bobaxe1] 21/1/2020 11:54

Very blue today is something afoot

[wrtmf] 21/1/2020 11:23

1.175m buys
215k sells

approx

[wrtmf] 20/1/2020 17:20

volume low, but 2 late trades mopped up all today's sells

[mick1909] 20/1/2020 12:17

I think testing is 90 days to get a decent flow rate for future revenues

[wrtmf] 20/1/2020 09:56

17/12/2019:
'Following a short period of swabbing, WR-38Z is flowing naturally. The Company has installed and commissioned new production test equipment sourced from North America and will now commence a multi-rate production test extending over several weeks.'

--
does 5 count as 'several'???! [lol, i know lse have in past weeks had a big debate on what 'several' means, i just think we're reaching the upper limit]

[wrtmf] 19/1/2020 16:53

zen have their own rig

bloe have 12 month contract from 29/8/19, tick tock....are they analysing the 3d seismic under 38/51?

news very likely at some point: mon 20th - fri 31st
[5wks on tues 21st since last op update]

[bobaxe1] 18/1/2020 16:31

Thought they have their own drill

[wrtmf] 18/1/2020 11:25

its going to get busy here soon...i have no idea how things will go, but i'm not here for 2 or 20 or 200 bopd.........fractures!

[ihavenoclue] 18/1/2020 09:42

The Skipper, you are so full of yourself you missed the point entirely.Your 'suggestion' that they are withholding good news until after 'the seller has finished' shows your ignorance. It is just a chav way of looking at the market.The company will release news when they have it regardless of if they think there is a 'seller in the background'Laughable, truly laughable...