Block Energy Share Discussion Threads

[skif] 04/3/2024 19:48

For this to rise Gaywood has to complete a farm out, raise funds ( probably ) and issue a plan of work.

It maybe another 2 or 3 more months before any farm out is completed, maybe longer.

In the meantime the share price is going nowhere and will probably slip back unless news starts to leak out.

[skif] 04/3/2024 19:43

Of course contingent resources lack value because they are contingent. In other words they are what someone thinks they are.

Only drilling will prove otherwise and Gaywood has put a stop to that.

[spangle93] 04/3/2024 17:23

Maybe it comes down to how the markets value contingent resources?

If you look through the presentation, it's striking to see that while there are lots of big numbers, the smallest, most insignificant bucket is the only reserves in the portfolio (slide 5). Just over a MMbbl 2P, but that would take many years from today's production rates and wells.

That value just about covers the market cap.

SO all the contingent resources and CCS are apparently lacking any value.

Is this cos markets don't believe Haywood can strike deals or get the cash to build a real development plan? Or maybe they want to see a proof of concept well before they believe the theory? Any other ideas

Whatever it is, the contingent resources are discounted close to zero

[the skipper] 04/3/2024 16:44

Yes I’m anticipating some late reported trades here but they have up to three days to report them. It is a game changing scenario for sure but let’s stay grounded. Talk of £1 per share is way off the mark as you have to leave something in for the next man (or company in this case).

One thing’s for sure and that is that the market makers will use every trick in the book to squeeze PI’s out of this stock and they seem to have had some success with that today through their manipulation of the spread, with both my trades showing up as sells.

Some of the punters on the lse board don’t seem to have a clue as to how to read the trades and really appreciate what’s going on here.

[faraweigh2] 04/3/2024 16:34

Interesting week ahead, on the back of today's news.Late reports should be visible soon?Game changing scenario starting to play out here at BLOE.

[profit7] 04/3/2024 16:26

CNPC
Is China owned State company

With £1.6Billion NPV to BLOE
This is bargain territory

[profit7] 04/3/2024 16:25

Are you guys sure of £1 per share this is worth?

That's enormous rise coming then

Millionaire maker without a shadow of a doubt

[apache_dropout] 04/3/2024 16:18

Encouraging news for the longer term but not good enough to raise the share price. This will drift down again.

[the skipper] 04/3/2024 13:01

Faraweigh, I’ve just checked the updated shareholder list against a screenshot I took of the old one, and there is zero change. With the volume we are seeing today I wouldn’t be at all surprised if some are now adding to their holdings, the real spread being much narrower than the quoted spread.

[andyalbi71] 04/3/2024 12:05

Given the massive upsides here now , I can see some major investors grabbing chunks of shares at these daft prices. Given today's RNS , going on project 3 alone gives us £1 a share ... and then there is project 4 to factor in ... this really could be share if the decade if all lines up

[faraweigh2] 04/3/2024 10:56

hxxps://www.blockenergy.co.uk/investors/significant-shareholders/

Little if any change to significant holders.

Freshly updated, so let's keep an eye on.

Looking good!

[the skipper] 04/3/2024 10:32

That’s clearly internal to the company Dodge, but today’s news is a wake up call to those companies that have been in the data room.

[skif] 04/3/2024 09:08

What is the schedule?

[the skipper] 04/3/2024 08:33

The most significant line in that news release is “The farm-out campaign is on schedule with ongoing discussions with a range of interested parties." PH would not have been allowed to make that statement without providing appropriate evidence to the Nomad, so just sit tight and await the outcome imo or grab a piece of the action if not already invested imho.

[andyalbi71] 04/3/2024 07:25

https://www.voxmarkets.co.uk/rns/announcement/f2f857b6-9758-404b-a646-59e2d86f8c2e/That's a lot of gas!!!

[skif] 01/3/2024 15:15

Oh dear, on the slide again.

No news is always bad news. I wonder what production is this quarter, I bet it's down, still no need to worry as you will never know.

[faraweigh2] 27/2/2024 11:51

Delayed Buy trade, nice.Bodes well......

[the skipper] 26/2/2024 12:19

Yes the figures for project IV are here on this webpage Andy: and this is what GOGL have to say about Martkopi terrace:”Part of the “Kura Basin Heartland” area, Martkopi Terrace is a four-way closed anticline terrace next to Samgori-Patardzeuli oil field (which produced up to 200 MMbbl of oil) has the potential to be a country-changing prospect and is the best candidate for first exploration drilling. In 2023 DeGolyer & MacNaughton estimated unrisked prospective resources 267 MMbbl in Middle Eocene fractured porous tuffs + 22 MMbbl upside in Upper Eocene sandstones.

The reservoir is part of an already prolific basin and with increasing subsurface definition through the 2024-27 work program offers an attractive prospect for farm-ins and partnership investments. The block is located in the XIQ license area (GOGL, GOGC, Block Energy) and is part of the prolific and proven NW part of the Kura basin. At an approximate depth of 4800-5500m the basic geology is four-to-three way closed thrust related anticline within a fractured Middle Eocene reservoir (the same as in Samgori fields). Martkopi Terrace has been extensively studied (half with 3D and half with 2D seismic) and is the most highly ranked play within the GOG portfolio with the best geological chance of success.”

Plenty to whet the appetite there imo.

[andyalbi71] 26/2/2024 11:12

And that's just project 3 alone .. project 4 could double that figure if also successful... and sarah scoffed at the possibility of 100 bag here, with market cap that low .... This really can be a stratospheric increase in share value

[faraweigh2] 26/2/2024 10:34

An Independent Engineering Report ("IER"), which ascribed over 1 TCF of 2C Contingent Gas Resource to the Project's Patardzueli-Samgori field, and a project Net Present Value of more than USD 500 million.


Market Cap currently sat at 6.88 million pounds.



Interesting times ahead, no doubt about it.

[the skipper] 22/2/2024 16:10

Just noticed that the resident troll on lse is in absentia today. Maybe its work is now done:

[the skipper] 22/2/2024 13:34

Well done all. Wish I could join in but I’ve just shelled out for a USA road trip, so I’ll have to wait for movement in one of my other stocks before I can free up some cash.

[andyalbi71] 22/2/2024 13:06

Mine were the two below yours