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
  0.00 0.0% 2.50 1,661,719 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.30 2.70 2.50 2.50 2.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.13 -1.36 -1.20 10
Last Trade Time Trade Type Trade Size Trade Price Currency
12:38:55 O 100,000 2.4975 GBX

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Date Time Title Posts
31/3/202013:58Block Energy - Oil&Gas in Rep. of Georgia6,542
24/9/201911:02Georgia oilfields. 2

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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 2.50p.
Block Energy Plc has a 4 week average price of 1.65p and a 12 week average price of 1.65p.
The 1 year high share price is 17.80p while the 1 year low share price is currently 1.65p.
There are currently 394,438,662 shares in issue and the average daily traded volume is 16,400,071 shares. The market capitalisation of Block Energy Plc is £9,860,966.55.
the skipper: This is truly a gift from the gods thanks to the decision by Schlumberger to withdraw from upstream activities. After all its primary focus is oil field services and it only ventured into exploration and production a few years ago. The current collapse in oil prices will have neccesitated it to significantly reduce capital expenditures under pressure from its shareholders, but the deal gives them the opportunity to benefit from the massive increase in BLOE's share price which will flow from this deal. What's not to like about that?
silversoldier: Agreed and that confirms recent share price performance, mm's finding volume to absorb the sell. In theory should see a bounce back to mid 5's
dodge_city: Very strange drop in the share price. It's starting to get a bit silly now, must be time to start buying a few.
catchingmice: My previous post was bang on as this had done it's rise over a few days.When any stock does that then sell out and take the profit then get back in again after a week or so once the share price consolidates at the level it should be at.Price for this now is fair value and unfortunately it won't climb that much from this point even on a decent update.My suggestion is buy low and take anything between 7% - 20% profit.Do that nearly every week and you will be making a decent gain annually just like the MICERULE Number 1Don't be greedyTheMICE
cpap man: The whispers are out stan96 that you are more than a bit of a c8nt That is why the BLOE share price is rising....
cpap man: Absolutely right T S As I just can NOT possibly PM everyone [and what if one of those POSTERS was a TROLL IN DISGUISE!?!?!] So a short post just to say that I spoke to both the broker and the company. Like you T S it has just been one of the best ever BUYING opportunities @ BLOE BLOE obviously told me nothing market sensitive but it is clear that BLOW are well on track with their 5 well programme which is very well funded [£12M raised not that long ago at 11p] and the vibes are extremely positive. THE BROKER who I know told me some other additional things that I view as extremely positive but that is only for a TROLL free zone such as PM BLOE are looking extremely good again with a share price target of 30p+
cpap man: By all accounts as already alluded to by another poster BLOE are going to use the AGM as an opportunity to release positive news flow plus get the unfolding story @ BLOE out there. BLOE are very cheap @ these low share price levels!
spangle93: I'm sure you'll see more than 8p again, muddyfox. I can't pretend that I understand why they are now so PR-shy - could be positive or negative - and why RNS's are rare whereas previously there was one each time PH blew his nose. But while there's a news void, and until they give the market some confidence or guidance about oil rates, there will be price weakness. The company managed to get new and existing shareholders on board for 11p, so I'm sure they are getting frequent reminders from these investors about where the share price is. It seems that the company was as economical with the truth about the 1100 bbl/d during the sales pitches as they were with private investors. The Mirabaud broker note certainly implies that it's capable of 1,100bOpd. But their target price of 35p/share only assumed 1260 bopd average in 2020, and 250 bopd/well, Should be some information on 38Z sidetrack progress soon. Results for end to June should be out within the next 2-3 weeks ("the Company will release a second set of unaudited interim results for the 12-month period ending 30 June 2019 (which will be reviewed by the Company's auditor) by 30 September 2019") info on JVs possible, or 3D seismic (won't move price much) The CEO also said "We will also continue our ongoing workover programme at Norio, and have scheduled the field's well 60 for sidetracking later this year" Finally, while I suspect that the credibility of his words isn't high, the operational rationale for 16Z in the RNS at the end of July isn't impossible "The Well has produced at an average rate of 295 bopd with an average water cut of 25%, considered to be mainly returned drilling fluid. ..The Well continues to clean up lost drilling fluid and stabilise.The Company is gradually increasing production to establish a sustainable flow rate as the Well cleans up." Given the high fracture perm, shouldn't take forever to clean up, if the guidance is trustworthy So plenty of potential to double the share price by the end of the year
cpap man: Reference the recent pull back for the BLOE share price my observations are as follows: 1]. Conforms with previous short lived pull backs @ BLOE 2]. Low volumes traded on the BLOE retracement from O/B levels 3]. Despite all the de-ramping rumours in the world including massive dilutive placing the BLOE share price has at all times remained very orderly
tim000: I stated there would likely be a placing a few weeks ago. I continue to believe there will be one. I don't think that's a bad thing at all for investors. The company has to finance a great deal of capex in drilling and infrastructure. It could wait for maybe a year to raise the cash internally from operations, or it could speed up the process by issuing new equity. The latter is much more sensible imo. Witness BIDS. The share price fell back sharply prior to a smallish placing and is now rebounding very strongly, because of the very strong fundamentals of the business. BLOE is no different. If there is a placing, the share price should rebound quickly. And the company will then be in a position to finance most of its short-term objectives this year rather than next. The consequences for the share price on a 12-month view would be overwhelmingly positive.
Block Energy share price data is direct from the London Stock Exchange
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