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Share Name Share Symbol Market Type Share ISIN Share Description
Block Energy P. LSE:BLOE London Ordinary Share GB00BF3TBT48 ORD SHS GBP0.0025
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.15p -3.66% 3.95p 3.80p 4.10p 4.10p 3.95p 4.10p 1,409,054 11:55:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -1.4 -1.2 - 10.23

Block Energy P. Share Discussion Threads

Showing 251 to 275 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
19/2/2019
22:40
So much for this board getting busier - I'm just back after an 8 day holiday and I didn't miss 1 post here. Still, at least the share price has roughly maintained a level around 4p
spangle93
11/2/2019
07:55
Our very recent guest with Bonnie Hughes is CEO of @BlockEnergyplc Paul Haywood...During the interview, Mr. Haywood discusses the workover program which is intended to produce 900barrels per day which in essence delivers #BLOE biggest impact well...https://total-market-solutions.com/2019/02/11/block-energy-ceo-interview-2/
burtond1
04/2/2019
23:02
Haha true. But we'll have plenty to talk about over the next month or soStabilised flow rates from Norio 441st sidetrack at WR3 further workovers at NorioSuccess or otherwise of new perforation toolPlenty to go atHoping for good news to kick us on!
lastoneout
04/2/2019
22:17
A post every day would be busier than it's been .... 263 posts in 238 days
spangle93
04/2/2019
21:32
Hope so Harry this is a beltin little company (soon not to be so little!)
lastoneout
04/2/2019
20:47
This board is about to get considerably busier. Watch this space.
harrytuesday
31/1/2019
12:21
My view is it wont be at these levels for much longer its way to cheap.
georgie pie
31/1/2019
09:07
So, the big question... Will it push on beyond 4p, or will the IPO price act as a brake/resistance level?
spangle93
30/1/2019
13:45
Good to see another solid day here, looks like trades are starting to pick up and rightly so, current share price very cheap indeed.
georgie pie
29/1/2019
13:46
12:54 29 Jan 2019 Paul Haywood, director of Block Energy PLC (LON:BLOE), updates Proactive London's Andrew Scott on the sidetrack operations at the West Rustavi field, in the existing 16a wellbore. It's the first of an initial two well programme there as Block aims to increase production up to 650 barrels of oil per day by the end of the first half. The drilling follows a successful oil test in December which confirmed it is in an active hydrocarbon system, and, the previously producing reservoir retains reserves and is still pressurised. Haywood describes the sidetrack as a “high impact well” for the company. hTTps://www.youtube.com/watch?v=2rNMmrYF1s8
bad gateway
24/1/2019
13:15
From Big Bench on LSE Nice Snippet to end on... Q7. Having raised £5m at the IPO in June at 4p, what do you make of the market sentiment relating to Block Energy and do you feel the current share price of around 3p is a fair reflection of where the company is at? We believe we are significantly undervalued relative to our peers. This is primarily for two reasons: the value for oil companies through 2018 has been soft for many reasons, and the market’s perception of Georgia has been distorted due to the poor corporate governance and performance of some companies in the past. Confidence in Block is now starting to rise, indicated by the increase in our trading activity and the number of investor meetings being requested. What can Block Energy shareholders look forward to over the next 12 months? Lots of activity in the field. We expect good results to bolster confidence that will unlock value for our shareholders.
georgie pie
23/1/2019
12:03
https://twitter.com/tmsreach/status/1088028884342312961?s=21TMS welcomes guest blogger and financial commentator @EliasJones01 to the platform where he shares great insight from his latest interview with @BlockEnergyplc #BLOE an AIM listed exploration and production company focused on the Republic of Georgia...
burtond1
23/1/2019
07:39
Good to see thew sidetrack starting. Could get quite interesting if this one comes in imo.
bad gateway
19/1/2019
13:16
Croasdalelfc - you are correct, I believe. It wasn't clear to me from the original documentation whether completing the 2 sidetracks was the minimum criterion for opening negotiations, or the only criterion, regardless of result. But I think from subsequent reading, the situation is how you describe it. Anyway, after posting I won an argument against myself, so I've taken an initial stake. Since then the price fell, of course, so I apologise - I'm usually the kiss of death. It's not cos of Haywood, it's largely because 1. the company is starting to build a track record of delivery, 2. many of the potentially risky re-entry type operations are now past (and they have shown benefit from the shiny new tool, which has a pretty chequered history of efficiency) and 3. henceforth, in the next couple of months, there should be fewer preparation activities and instead, genuine value-adding work being completed. In other words, I believe the risk-benefit has now tilted in favour of taking a chance. GLA
spangle93
18/1/2019
13:34
Thanks to indebt1 on lsehttp://www.valuethemarkets.com/index.php/2019/01/18/block-energys-ceo-paul-haywood-firms-positive-progress-heads-towards-900bopd-production-bloe
lastoneout
18/1/2019
13:09
Actually the figures are correct 75% of 650 plus 100% of 250 x 365 x 50 is $13.5m . The earn in is after 2 sidetracks and the sidetracks are targetting 650 bopd
croasdalelfc
15/1/2019
14:28
I believe BLOE will gain 75% of WR on completion of the 2 fully funded sidetracks targeted for end of Q1. Agree the gas could prove to be a major bonus
lastoneout
15/1/2019
09:15
Good RNS. More progress being made. These non-standard technologies have a bit of a chequered track record (and also depend on the reservoir being as predicted) but all activities appear to remain on track, if slightly delayed. I want to believe in the story, and I want to trust their MD, I truly do. But he just sounds like someone from whom I wouldn't buy a used car. Apart from making elementary errors when talking off the cuff, his positive spin (though not uncommon in AIM oil companies) is misleading. For instance "With our existing production at Norio selling for Brent minus US$10, a combined rate of production at Norio and West Rustavi of 900 bopd would have the potential to generate circa US$13 million in annual revenues at current oil prices, a level that far outstrips our current £7 million market valuation" Well, 900 BOPD would generate ca. $13MM per annum (rate * price * days). But it's not all theirs. In West Rustafi, they currently have 25% of production, so it would only be (250+225) 475BOPD net to BLOE at end 1Q. The $13MM calculation is based on 75% of West Rustafi, which is their ultimate target, which requires completion of a work programme and spending $1MM on workovers (as well as upgrades to facilities and successfully sidetracking the wells) And not being picky, but $13MM is around £10MM, and the market cap is £8.7MM, so it's hardly "far-outstripping". I think there's a nice little business case here, particularly with the gas, but I need to get past the bletherings of the MD
spangle93
14/1/2019
15:13
Yep - 45bopd over a five hour period and only from one section. Lots more to come here.
sea7
14/1/2019
14:22
I guess 8 x 45 would become 360 bopd so overachieving on the 250 bopd target.
novicetrade68
14/1/2019
14:20
A lot to take in with this RNS, maybe there's selling because of the small 45 bopd number. I imagine to see a lot more news here these coming weeks, this is also the first time I read about an oil column 600 ft thick, but perhaps was already highlighted in the admission doc.
novicetrade68
14/1/2019
14:11
rns out.. Highlights · 45 barrels of oil recovered during a five hour period at Norio well 44 · Follows first application of specialist perforation tool which is to be used on multiple wells, as part of fully funded workover programme · Highly encouraging progress towards target of 25-fold increase in production at Norio field to 250 bopd by end of H1 2019 · 250 bopd target at Norio is in addition to the 650 bopd being targeted at Block's West Rustavi field by end of Q1 2019 via an initial two well sidetrack drilling programme · At 900 bopd Block's estimated annual revenues of ~£13million (based on current oil prices) will provide a highly cash generative platform to build a leading independent and ... Horizontal sidertracks west rustavi, The target reservoir is at a depth of approximately 6,900 feet and is believed to have had an original oil column up to 600 feet thick.
sea7
11/1/2019
15:49
maybe wind of an update, nice to see it climbing.
novicetrade68
04/1/2019
09:17
Great start ti the year so far. Update due soon...
babbler
31/12/2018
08:49
Thanks burtond1 The last sentence in the link says it all "Is it worth getting exposure now as a punt on the firm being able to deliver on its ambitious plans?" IMHO, the risk-reward has swung toward the latter over the six months it's traded. The price has fallen: conversely, they've not done too bad at delivery of their workovers, especially since operational start. If they can turn this into oil flows, and/or gas flows, this is undervalued on cash flow. Following on, they need to turn conditional gas resources into reserves for a real re-rate
spangle93
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
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