Block Energy Share Discussion Threads

[gregpeck7] 03/4/2019 23:16

Hopefully see some chunky guys tomorrow and then see this move on. It's a ridiculous valuation.. 6p will look like a gift in the coming weeks but it would be nice to build some momentum tomorrow

[lithological heterogeneities] 03/4/2019 22:09

From a £16m mkt cap to a mid tier oil & gas producer means many multiples of today's share price ..and all beginning within days (if not already begun).

[lithological heterogeneities] 03/4/2019 22:07

My favourite recent quote was by Paul Hayward:"'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."https://www.valuethemarkets.com/2019/04/01/block-energy-soars-to-record-high-following-extraordinary-results-at-west-rustavi-bloe/

[wrtmf] 03/4/2019 21:03

they are going after the gas, after well 38 sidetrack [oil], according to this interview,

[22mar2019]
[...]
proactiveinvestors.co.uk/companies/stocktube/12696/block-energy-to-begin-flow-testing-at-its-west-rustavi-well-16a-12696.html

-go deeper for the gas, then in the same well come up to mid-section for an oil sidetrack, all contingent on the neighbouring schlumberger gas well result and analysis

[99% of georgia's gas is imported from azerbaijan]

[toogood4me] 03/4/2019 17:50

Muddy it's the same ii which sold out of here on the 20/03 They will exit after a profit and move on

[muddyfox0151] 03/4/2019 17:15

I3energy looking good now big institutions invested in there now !!!! 2+ millions shares , every day , its moving after placing !!!!!

[gregpeck7] 03/4/2019 17:13

More footage of the gas flare



How much have we got here!

[muddyfox0151] 03/4/2019 16:35

Are you stalking me . Lol

[muddyfox0151] 03/4/2019 16:29

Mark Kirby don't follow my tips !!!

[toogood4me] 03/4/2019 16:18

They are still selling down

[wrtmf] 03/4/2019 15:14

thanks greg

'Ongoing drilling activity on the nearby Schlumberger owned Samgori (XIB) licence, with analogous geology to the West Rustavi field, validates the Company’s geological assessment of the licence areas and demonstrates confidence in Georgia as a jurisdiction from a major oil and gas service company. Schlumberger, a specialist in developing volcanized sandstone reservoirs, are currently drilling an appraisal well into a c. 350 BCF discovery contiguous to Block’s West Rustavi licence with results expected Q4 2018 – Q1 2019.'

[novum sec, p2.]

[gregpeck7] 03/4/2019 15:06

Very much worth reading..

[wrtmf] 03/4/2019 15:02

'That is assuming the shut in pressure are good to excellent when the 72 hour period ends.' - fingers x'd gd.
--

hopefully, very good production rate combined with sales will provide impetus to accelerate the gas play:

20/3
'We also look forward to appraising West Rustavi's legacy gas discovery. According to the documentation the Company received on acquiring its ('WI') in the licence, the first well the Company plans to appraise flowed at rates up to 29,000 m3 or 1.0 MMSCF per day when originally tested in 1988. We are further encouraged by Schlumberger's ongoing gas drilling and testing operations in the neighbouring XIb permit.'

1/4
'Management will now digest this extaordinary result and crystalise a development strategy beyond that already outlined to the market on Well 38.' - 'BEYOND'

[greatfull dead] 03/4/2019 13:35

wrtmf,

Shut in may have started on Sunday, indeed.

IMHO the BOD will not release RNS until 7am ish to enable those not at ease with investing to do so and current investors to top up if they want to.

That is assuming the shut in pressure are good to excellent when the 72 hour period ends.

ATB,
GD

[wrtmf] 03/4/2019 13:03

...news by tomorrow afternoon?

'The well is now shut in for a 72 hour period. On recovery of the downhole gauges pressure transient analysis will be performed and reported by RNS.' - 7:01, 1/4/2019

[ps. shut in could have started sunday]

[smraynot] 03/4/2019 12:23

NEWS IMMINENT!

[johncasey] 03/4/2019 11:37

heard a whisper for inspirit energy, market cap just £300k 0.023p INSP..lenigas rates the company..its the sort of share that could 10 bag and still be really cheap if the get their revolutionary boiler into mainstream

worth a look

[gregpeck7] 03/4/2019 11:37

Exactly, some people will have 50% profit and take some off the table... Seems very premature to me but evryone is different... Its such a new listing though there is only so much stock out there, and the buys are slowly chewing through this. Once the sell is gone, this will fly.... Just a case of being patient. News could clearly change everything...

[hazl] 03/4/2019 11:04

Am excited about this.

[toogood4me] 03/4/2019 11:04

Seller holding this down when they could have held for longer for bigger gains

[gregpeck7] 03/4/2019 10:58

MM's on the move again, just one left at 6.5 now.. Was 3...