Block Energy Share Discussion Threads

[bad gateway] 17/10/2018 14:19

Netbacks given as $30=$35 in this years presentation with $2.6/mcf for the gas..

[bad gateway] 17/10/2018 14:04

It wasn't 75,000BPD it was 75BPD for breakeven. My take he had to think about it because oils risen so breakeven levels come down is all. About 4m 25 secs in on the proactive link if you need to check cash.

[cashandcard] 17/10/2018 13:32

crooky,


I saw the interview and he says something like 75,000 barrels and then waffles and changes the subject. The question to him was what level of production is breakeven. If I'm cynical, I'd say he was not sure when put on the spot like that.


Cash

[crooky1967] 17/10/2018 13:15

No, I think he said after 75 barrels. But might be wrong.

[cashandcard] 17/10/2018 12:54

PH was asked about breakeven level in the recent Proactive interview. Is it me or did he duck that question?


Cash

[costax1654x] 17/10/2018 12:52

It might be 250-300!It might be!!!

[bad gateway] 17/10/2018 12:06

Hi cost,
You made a mistake in post 156 of 162 its not "150-250 barrels next yr April-May" they're going for. You should watch the proactive interview they update well there. Its 250-300BPD "done and dusted" by end Q1.

Voxmarket interview


Proactive interview

[costax1654x] 17/10/2018 11:38

Silly ramping on Twitter and LSE!

[costax1654x] 17/10/2018 08:44

I will drop to 2 pence this month!

[babbler] 17/10/2018 08:13

We it fails to find oil then... As that's the only time you will see 2p. And you will be buying into a failure. Why?

[costax1654x] 16/10/2018 19:49

I will buy around 2pence

[babbler] 16/10/2018 14:53

Costax... 5 to 7 days from the rns... All will become clearer. Either you are correct or we are. Either way if this goes to 2p it means they failed and you wouldn't buy anyway... Imo.

[costax1654x] 16/10/2018 14:30

150-250 barrels next yr April-May...Probably by that time 1 mil will go into CEO wages for the start,Brexit day will wipe 10% from the value!Not many news by that time!Buy the right price if you want profit!No wonder why investors on AIM 90% of them loosing money!

[babbler] 16/10/2018 14:21

We k ow who the seller is... So not worried. You keep deramping though... 2p...gl. Lol

[costax1654x] 16/10/2018 14:19

I'm not against their management,I'm against overpriced companies!The fair price is 2 pence!And the market will react!Once we see 300 barrels per day...we can talk different!At 2 pence and under I will take a punt myself,by than don't get surprised if it falls further....the potential investors wants to buy at a fair price...and want to see results as well!Special in a country with corruption like Georgia!

[crooky1967] 16/10/2018 14:01

You also fail to mention anything about our Non-Executive Chairman, from the company website:

"Spent a significant part of his career at BP in a wide variety of senior positions, including manager of the Forties oil field. Subsequently, his executive roles included Vice President International/Managing Director UK at Ranger Oil Ltd/Canadian Natural Resources and Vice President Operations at Vanco Energy. In non-executive board positions, Philip was a director of Nautical Petroleum Plc and, recently, the Senior Independent Director of Gulf Keystone Petroleum Ltd. He currently serves as Advisor to Oando Energy Resources Inc. Philip has an MA in Physics from the University of Oxford"

Not sure if any of these companies have gone bankrupt, still think BP and Gulf Keystone Petroleum are still trading though.

[crooky1967] 16/10/2018 13:47

Canargo went bankrupt in 2009 following a recession and when oil prices fell from over $90 to $50 in a year. I would imagine a number of other oilers would have gone the same way and larger companies too.

To infer that the technical director may have been the reason behind the bankruptcy is quite disingenuous of you and is no reason to doubt the caliber of the man and his ability to be an asset to the company.

[eric76] 16/10/2018 13:24

Costax1654x
16 Oct '18 - 13:23 - 150 of 151 (Filtered)

[costax1654x] 16/10/2018 13:23

I bet you didn't know that

[costax1654x] 16/10/2018 13:20

it's certainly a risk. the co have got new seismic data drilling different wells and using horizont directional drilling instead of the re-perforations previously usedsame technical director (Canargo who went bankrupt)which is either a good thing or bad.

[costax1654x] 16/10/2018 13:18

So before buying a little "gem" read first what happened to the previous ones investing there!Gateway knows!

[costax1654x] 16/10/2018 13:16

And another thing is them saying the drill will happen in December!!It might be -20 Degree There on that time!I really haven't heard of cheap operations at -20 Degree!It's almost impossible...Check temperature in Georgia in winter!So I'm expecting a delay until spring!

[costax1654x] 16/10/2018 13:14

Don't get me wrong thinking that I'm deramping here,is just I want the investors to pay the right price,and I will point every wrong thing in the company with the time coming!

[bad gateway] 16/10/2018 13:09

Not got a twitter acct cost as no interest so can't oblige.

Voxmarket interview


Proactive interview