Block Energy Share Discussion Threads

[costax1654x] 16/10/2018 13:01

Hnr overvalued by 50%!

[costax1654x] 16/10/2018 13:01

Matd Don't even touch!

[costax1654x] 16/10/2018 13:00

Aaog...is another doggy one!!!be aware!Too much hassle for 150 barrels per day

[bad gateway] 16/10/2018 12:41

Don't think thats part of his agenda. When AAOG's marketcap ( for what they currently produce) was brought up he went deathly quiet.
Didn't realise about PXOG, was going to look after his post but won't now thanks.

Voxmarket interview


Proactive interview

[crooky1967] 16/10/2018 12:35

Costax, you need to look at the bigger picture and what each company can achieve, which is sometimes priced in the share price TXP, by the way, is way undervalued compared to it's peers and looks like PXOG will run out of cash within 6 months.

[costax1654x] 16/10/2018 12:27

So you understand how overvalued we are compared to pxog for example,or txp

[costax1654x] 16/10/2018 12:26

Same reserve of gas!!!

[costax1654x] 16/10/2018 12:26

Pxog for example has a mcap of 3.5 mil and are a producer now

[costax1654x] 16/10/2018 12:21

Plus we are not yet the owners 100%

[costax1654x] 16/10/2018 12:21

You think that georgians are idiots,?the can not extract it by themselves?If it was so easy?

[costax1654x] 16/10/2018 12:20

Too many desperate pumpers on Twitter,I'm trying to show the real facts

[costax1654x] 16/10/2018 12:19

Canargo 's waist of 100 mil?

[bad gateway] 16/10/2018 12:17

According to GOG,
these horizontal wells intersected multiple natural fractures and in excess of 4 MMBbls was produced from these five wells. The program was terminated by Canargo due to the very low oil
prices being realized during this period.


Interesting from pg 32. You mentioned Canargo in your scaremongering yesterday but you never mentioned the 4m barrels nor the fact the very low oil price stopped them.
Did you forget?
Voxmarket interview


Proactive interview

[costax1654x] 16/10/2018 12:10

Pg 32-50 before you buy here

[bad gateway] 16/10/2018 12:07

You're a bit slow this morning cost. Selling started a while ago and has been discussed already on the LSE and here I believe. Must be quite some of it done already and the rest will go as newsflow continues. After all 3.29% isn't much is it? Not with a Fully Diluted Share Capital of 285,265,549

Voxmarket interview was interesting. They're looking for 150-200BPD minimum from their first 8 workovers plus the extra 100BPD so up to 300BPD short term now or double the 150BPD you thought priced in already.



Should be profitable times ahead for us holders. You should buy a few so you can pot "we" and mean it.

[costax1654x] 16/10/2018 12:06

From their site:total options on issue:23938332

[costax1654x] 16/10/2018 11:58

https://www.investegate.co.uk/mayan-energy-limited/rns/admission-to-aim-of-investee-company-block-energy/201806110830058577Q/

[costax1654x] 16/10/2018 11:57

In line with the above, the £210,000 Secured Convertible Loan Note has been converted into 6,392,694 ordinary shares in Block Energy, increasing Mayan's total holding to 8,510,341 ordinary shares, which represents 3.29% of the entire issued share capital of Block Energy.

[costax1654x] 16/10/2018 10:28

So we have a big seller,who bought at 4 pence and selling at 2.8,Or it might be Mayan with warrants at 0.085

[bad gateway] 16/10/2018 09:30

Paul Haywood gave a Voxmarkets interview yesterday too. (from 2 minutes in)


He spoke of the initial 8 well programme as giving 150-200BPD and they "hope to exceed that" which is promising imo and brings them up to 300BPD planned short term or double what they announced yesterday morning.
See how they do.

[spangle93] 15/10/2018 21:38

Euclid, ref post 103

Just a wee correction/clarification for any newbies dropping in...

BLOE has 25% of West Rustafi, with options to increase to 75% once they've spent some money and successfully delivered program agreed with GOG. Forgive me if I've misinterpreted your post, but you seemed to imply that your figures were current valuation?

[keya5000] 15/10/2018 20:11

The £90k though was at pre-consolidation levels though Euclid and its worth about £85k today so why does that worry you?

Does it really worry you or do you wish the misinformation you are peddling worries others more?

[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.