Block Energy Share Discussion Threads

[euclid5] 15/10/2018 19:50

Thanks for the link BGateway

Keya, I am more concerned of the £90k Loan below note so much the other SCLN convertible 10% below the admis price

£90,000 equity investment via a placing of new shares at £0.0085 per Block Energy Share; and


· £210,000 via a Secured Convertible Loan Note. 10% flat coupon with conversion to equity at a 10% discount to any price at which Block Energy's shares are listed or admitted to trading on any stock exchange other than NEX.

[bad gateway] 15/10/2018 19:40

Yes they ended up with just over 3 percent at float. Have a sneaky feeling a lot of the larger sells have been them. They did sound cashstrapped in their last RNS and hard to see who else would sell at the lows when the operational side is just taking off.

[keya5000] 15/10/2018 19:19

Euclid MYN's CLN is at that level preconsolidation on the move to AIM, its barely in profit at this level and if I am correct was it not converted into equity on the move to AIM at 10% below the IPO level?

From memory I am sure thats the case

[euclid5] 15/10/2018 18:41

a few large sells in the background - 700k - 500k 360k, they should be keeping their shares not selling after 2 good rns, to me this reads different such as a pensing raise possibly.

However don't like that fact Mayan have CLN's nealy 11m at 0.0085p, could cause an overhang for a while or once Bloe start to increase share price, which I hope it does

250bopd is very good by 1Q19, plus testing the W Rustavi Gas field

[novicetrade68] 15/10/2018 17:51

Please see the amendment of the RNS, target 250 bopd looks like it.

[bad gateway] 15/10/2018 16:17

Underpromise overdeliver is the name of the game here.

[costax1654x] 15/10/2018 16:12

18-24 months for 900 barrels

[113mike] 15/10/2018 16:06

not long to go now!

[costax1654x] 15/10/2018 16:05

I more think that the IPO prices the 150 barrels per day already,and the market is responding by tanking the price!For me 2pence is a fair price,definitely not what was at IPO

[costax1654x] 15/10/2018 16:03

Apparently they drilling now for oil!So...let's see what they get

[bad gateway] 15/10/2018 15:56

and then there's AAOG with its tiny current production and a bad operating history sitting at 13.5m. Hard to make direct comparisons in this sector as sentiment plays such a role i suppose.

[costax1654x] 15/10/2018 15:49

But...far from it for the moment

[costax1654x] 15/10/2018 15:49

And at 1000 b/d they were 17 mil!Block is looking to achieve 900

[costax1654x] 15/10/2018 15:48

They are 2000 b/d

[bad gateway] 15/10/2018 15:33

Paul Haywood gave another decent interview today..


Interesting you chose 3000BPD as a metric Costax. The operating team here apparently took Inox(sp?) from zero to 3000BPD in four wells. Would be good to see them get a quarter of that success here.
Good to have a co. where it seems safe to look forward to the updates.

[euclid5] 15/10/2018 14:12

Bloe has 2C of 456 BCF of Gas net to them $600m x 75% wi = $450m / 1.30 fx rate = £346m

West Rustavi has 2C Contingent oil 25mmbls net to Bloe

$29.7m NPV on 1.6mmbls in Noiro & SatSkh fileds - 2P oil

32mmbls 2C Contingent Reserves worth about £446m


Not exploration but appraisal assets

[costax1654x] 15/10/2018 13:00

A 2 pence it was my fair price!Let's see how market value this company

[costax1654x] 15/10/2018 12:59

Txp Soon 3000 barrels,block Energy Soon 150 barrels!

[costax1654x] 15/10/2018 12:58

Txp mcap 27 mil 2000 barrels per day (11 mil debt/10 mil cash in bank),block Energy,7.5 mil mcap....15 barrels per day!!!That's my valuation on today's AIM mood

[euclid5] 15/10/2018 09:29

So Mayan has just under 11m shares owing them under 1p or 0.0085, so if or when they start to sell it will place a large overhang on the price.

However, based on current news - we may get much higher if all goes to plan in 1Q19 & hit 900bopd

[jayj4u] 15/10/2018 09:17

I picked up some at 3p!!! Happy to add more if it drops!!

[burtond1] 15/10/2018 09:09

https://total-market-solutions.com/2018/10/15/malcy-talks-oil-gas-part-v/Malcy has a decent view on #BLOE

[babbler] 15/10/2018 08:36

You had your chance last week. Read the rns results of the drill in 7 days. Fastrack all the drills. If they are good you won't see your 2p for dust... If not you might. But that's the gamble. Imo it will reach 4p before Monday in anticipation. Or if not and results are good you won't be able to buy much below 4.

[113mike] 15/10/2018 08:28

not long to go!