Share Name Share Symbol Market Type Share ISIN Share Description
Block Energy Plc LSE:BLOE London Ordinary Share GB00BF3TBT48 ORD SHS GBP0.0025
  Price Change % Change Share Price Shares Traded Last Trade
  0.10 3.03% 3.40 4,021,176 12:19:22
Bid Price Offer Price High Price Low Price Open Price
3.30 3.50 3.40 3.15 3.15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.31 -6.13 -1.96 21
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:07 O 210,060 3.40 GBX

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Date Time Title Posts
20/1/202115:25Block Energy - Oil&Gas in Rep. of Georgia8,061
24/9/201910:02Georgia oilfields. 2

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Block Energy (BLOE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-20 17:08:073.40210,0607,142.04O
2021-01-20 16:26:203.3166,6702,206.78O
2021-01-20 16:21:583.4253,3251,825.05O
2021-01-20 15:57:513.4229,043994.00O
2021-01-20 15:20:203.424,382149.97O
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Block Energy (BLOE) Top Chat Posts

Block Energy Daily Update: Block Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker BLOE. The last closing price for Block Energy was 3.30p.
Block Energy Plc has a 4 week average price of 2.90p and a 12 week average price of 2.40p.
The 1 year high share price is 5.55p while the 1 year low share price is currently 0.95p.
There are currently 615,557,568 shares in issue and the average daily traded volume is 1,778,272 shares. The market capitalisation of Block Energy Plc is £20,928,957.31.
fizzmiss: Had a dabble and bought a few more myself today; the New Year should bring a nice swing up in the share price.
thefartingcommie: Paulo123 Today 09:19 from lse The block board have been delivering exactly what they have said they were going to in the second half of this year and the company is progressing as a grown-up and sensibly run company should. Exactly one month ago on November 4th, the share price closed at 2.5p. In the month since then the company have: 1. Confirmed that the completion of the gathering to the EPF - putting them in a position to sell gas as soon as Bago finish their work. 2. Completed the acquisition of the Schlumberger acreage thus massively increasing the prospective resources. 3. Raised £5.28 million in order to fund production drills in Q1 2021. So 4 weeks ago we had no ability to sell our gas; a much smaller asset base and no money and the share price was 2.5p. Today we have: our side of the gas sales pipeline completed, a massive increase in prospective resources; are fully funded for a drill program early next year and a share price of 3.5p. But this is just the beginning. Now Block are funded to do the work in Georgia we can expect the share price to rise on the back of that. The gas sales mean an income coming in and successful drills mean more income. Income means that further work can potential be funded out of debt avoiding further dilution and this in turn means that the share price will further increase. Everything is looking so much more in place for future profits for all of us today than it did even on Monday let alone back in November and yet some are still moaning. How did they think that we were going to carry out work with no money? I know that some thought that we should farm-out the licenses (which is a fair enough comment) but any farm-out would take significant time to carry out and is also just dilutive in a different way. Would people have been more happy if we spent the next 6 months doing nothing but working on a farm-out deal and then gave away 50% of the license on that? Most of the people who post here are sensible and well informed and it was not really a surprise to see that some of the biggest critics of yesterday's news appeared to be ramping traders who were talking about £1 a share on Wednesday and then selling out completely because the company was destroyed on Thursday! It is totally illogical and these people clearly do not know what they are talking about. Their arguments simply make no sense unless they are trying to manipulate this board for short term gain. We are in a fantastic position today. We are in control of our own destiny and we have an experienced oil-man at the helm in Jonathan Bedford as our technical manager and he has put together a very high quality team underneath him, so we are fully funded and ready to drill as soon as we can. The future is brighter than it has ever been.
spangle93: Geezo! - ref 7925 - I think I'm going to try the lottery this weekend after that prediction ;-) Ah well, we knew it had to come if they were going to fund development. It would have been better for all if they'd got production onstream and moved the share price above 5p before seeking cash, but we don't know how low on funds they'd got. If they can get to 1500 bopd plus gas sales by the end of 2021, that won't be too shabby.
spangle93: Thanks, in a sort of way, for drawing our attention to the out of hours RNS, unabkxb I've been suggesting on here that they will need money, but I was hoping they'd get first production going and the price a bit higher. This morning's RNS noted 438,542,093 shares, but I bet it will be over 600 MM if they issue at 3p. Can't see it being higher. That's a disappointment. To answer your question, BLOE has just taken ownership of two large licences with significant resources. Although they have been working with the operator for some time, the deal was only ratified last week. BLOE currently has no production, but it is expected to restart this month - even so, it can't fund development activities from the limited revenue it will generate. So I'd surmise that the $5MM will pay for a couple of development wells, or, put together with existing cash, one development and one appraisal. Hopefully the cash flow might stretch to workovers to get some of the suspended producers back on line. The company had guided us that we would here about their development plans shortly. I guess they are in a better place to reveal that now, assuming the book build goes OK.
cal57: Hi Ye it can be confusing as the market value of Block shares has been close to the nominal value or par value as it is sometimes called.0.25p is the nominal value or redemption price and if you look back over previous RNS's you will see this value quoted.Anyway looking for a steady rise in the share price as we await news.
matgordon1: New shares issued should be the average of the share price in November, which the company stated was .25, looking at the charts I'd say it was more like .35p! Anyone else agree?
thefartingcommie: Proactive @proactive_UK · 2h $BLOE Block Energy says Schlumberger Rustaveli acquisition 'massively increases resource space' [...] @BlockEnergyplc #BLOE #KatiePilbeamTV hTTps://;src=typed_query&;f=live
phil mcavity: Let`s not go there Spangle , I lost a not insignificant sum on the 88e Dream and it`s taken quite an effort to get a chunk of it back ! Bloe should be generating income soon , and I suspect the Schlumberger news will arrive soon after the first sales through BAGO . Both events should considerably advance the Mkt cap and if further funds are required I would be happy enough to see a raise at that stage , provided the share price has advanced further and that the discount is not some ridiculous give away . It`s all about timing , I hope the BoD manage future events very carefully . Assuming all goes to plan there may be alternatives and we also have `The Three Amigos` lurking with their combined c. 12% . All very interesting . .... AND ~ it looks like the morning shake (predicable ) might have run its course . It wasn`t east to buy yesterday , I was thinking that there may not be a lot of free stock available . ~~~ Onward and upward ~~~ this is still very cheap , Very very cheap if it all falls into place :) GLA
thefartingcommie: Block Energy Block has announced an operational update this morning from its West Rustavi oil & gas field in Georgia. Construction of Block’s gathering line between the EPF and the WR-38Z well has been completed on time and on budget. The pipeline has been successfully pressure tested at 6,600 kPa with no failures. The EPF is now ready to receive gas from wells WR-16aZ and WR-38Z, which will remain shut-in to conserve gas until the gas sales line has been constructed and gas sales can commence. Block says that ‘The Georgian independent gas company, Bago LLC, which has agreed to purchase the gas from the EPF, has received all required permits and is continuing with the construction of its gas sales line, to recover time lost consequent to the COVID-19 pandemic. Once the sales line is complete, oil production from West Rustavi will recommence and first sales of associated gas will be achieved’. Block Energy Chief Executive Officer, Paul Haywood, said: “I am extremely pleased with the continued progress we have made with our EPF at West Rustavi, despite the operational challenges that COVID-19 has presented. Safely completing the assembly of the EPF and construction of the gathering line on time and budget is a testament to the relentless efforts applied by the team to deliver this important milestone. Focus is now on supporting Bago to ensure the safe and efficient installation of the sales pipeline, which will allow gas sales to commence. I am beginning to feel a good deal more optimistic about Block, after its rather mixed year, the share price continues to recover and the word on the street is that powerful influences have been at work behind the scenes. Although the shares have quadrupled since the April low the market cap is still only £15m which could be seen as pretty low if the operations in Georgia kick in as planned.
the chairman elect: That the other side who now have more than 20% of BLOE are still buying, still keeping the pressure on the BOD @ BLOE and quite clearly as well as rightly WANT MORE from BLOE Great time to be a BLOE shareholder
Block Energy share price data is direct from the London Stock Exchange
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