Block Energy Share Discussion Threads

[tidy 2] 05/4/2019 11:20

60-70 days until they have flows for Angs. Keep in bottom draw.

[toogood4me] 05/4/2019 11:16

Well 1 code was there unless we have another back ground seller taking a few off the table

[lithological heterogeneities] 05/4/2019 11:15

Angus Energy gear arriving on site today as well.

A very good day all round.

[lithological heterogeneities] 05/4/2019 11:13

Staggering potential.

Cannot remember the last time I have seen something like this in my 23 years of investing.

Could easily be the next SQZ if next RNS is as good as initial indications.

[lithological heterogeneities] 05/4/2019 11:11

How much for the imminent oil production/sales at West Rustavi ?

Remember. BLOE recently concluded a deal to up their stake from 71% to 100% so it's now ALL ours at West Rustavi !

How much for total oil & gas production across all assets?

[toogood4me] 05/4/2019 11:10

What people are scared to grasp is that these other mid tier oilers were also once in the low ranges and then built up over 100m Mcap and more. Because they had good results, producing oil wells. The next rns I want to be good with the pressure results and also maybe a corporate update on their strategy

[lithological heterogeneities] 05/4/2019 11:09

$1.2 billion valuation for JUST FOR THE GAS ALONE and just for West Rustavi alone !

Paul Hayward (BLOE):

“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.”

[78steve] 05/4/2019 10:56

hopefully with the countless dud companies of recent in o&g this may be the shining star. GLA

[wrtmf] 05/4/2019 10:55

9.25 v 9.14?

but mid 8.95
delayed trades probably confusing me!

[wrtmf] 05/4/2019 10:48

hopefully it climbs the stair from here!

[smraynot] 05/4/2019 10:39

Topping the gainers now. No smoke without fire!

[thecashmoney] 05/4/2019 10:39

1100 bbls , 26 US profit per annum. One well more to be tested. Fully funded. P/E 10 would support over 100 m cap. Opex and capex minimum. Gas testing under way with process plant and other infrastructure in place. Low shares in issue and m / cap looking very undervalued. Buy and Hold

[wrtmf] 05/4/2019 10:32

8.875 to sell
[=above midprice]

v 8.9 to buy

[toogood4me] 05/4/2019 10:27

Dnt forget regarding the gas "-- Offtake agreement secured with established Georgian gas trader with capacity to support the Company's gas development ambitions for West Rustavi

[top tips] 05/4/2019 10:08

Keep it coming. I'm up 114%. Happy days.

[toogood4me] 05/4/2019 10:02

Dnt forget ISA renewal on Monday if coupled with big rns then its game on

[toogood4me] 05/4/2019 09:57

Mms want to collect as many shares so when news lands they will re sell at above 10p

[toogood4me] 05/4/2019 09:51

Cnt blame a few seller but market needs them so other can come in now before the news

[wrtmf] 05/4/2019 09:45

gas flare video
can it be monetised from this well?

[lithological heterogeneities] 05/4/2019 09:41

i think there will be the usual selling on the rns but they will miss out on the oil production/sales shortly afterwards and everything else to come.

plus this needs a breather before the next leg up.
could be another great buying opportunity.
this is a serious retirement/pension company.
ideal for £20,000 ISA top-up/transfer on monday.

[wrtmf] 05/4/2019 09:40

imagine where this would have been without those tr-1s

[toogood4me] 05/4/2019 09:40

I really think this is going to be in double digits very soon and I mean past the 20s with good rns of course

[toogood4me] 05/4/2019 09:39

603bcf of gas Also is well 38 shows anywhere near the same as well 16 then happy days

[topranking] 05/4/2019 09:39

Just need the RNS to send this into orbit