Block Energy Share Discussion Threads

[burtond1] 23/11/2018 08:52

https://total-market-solutions.com/2018/11/23/block-energy/Decent balanced write up by @tmsreach

[bad gateway] 22/11/2018 17:03

Results out. More cash than I expected and getting on at pace with the gas discovery. Happy to hold and see how this one pans out..

[bad gateway] 22/11/2018 12:06

Hi b1tcoin I don't believe i cost anyone anything on ANGS I just laughed at your wrong calls about the share price cratering to 7p after the rise began.
That was my crime your angst is my punishment.

[babbler] 20/11/2018 15:06

Ah you are here. Excellent news. Time to buy.

[babbler] 20/11/2018 11:57

Fully funded. That's the key here imo

[babbler] 20/11/2018 11:34

Boomtastic. 4p for starters.

[bad gateway] 20/11/2018 10:48

Forced seller gone at least.

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, has today been notified by Mayan Energy ('Mayan') that Mayan has disposed of its entire 3.29% interest in Block in order to allocate its resources to the development of its onshore US oil and gas assets.



Mayan's entire 3.29% interest in Block has been acquired by three existing shareholders in the Company, all of whom participated in the oversubscribed £5million placing at the time of Block's Admission to AIM in June 2018. All three shareholders have expressed their continued support for the fully funded multi-well work programme that is underway at Block's 100% owned Norio oil field targeting a 15-fold increase in production to 150 bopd by Q1 2019. In addition, preparations are ongoing to drill a horizontal sidetrack programme and test the gas resource base on its West Rustavi licence which has been assigned net contingent resources of 456 BCF and lies on trend to the same play being targeted by Schlumberger on neighbouring fields.

[babbler] 19/11/2018 10:11

And I'm still waiting for it...

[costax1654x] 19/11/2018 09:21

Told you from a month ago

[costax1654x] 19/11/2018 09:21

Below 2 soon

[bad gateway] 16/11/2018 07:16

Knew it was Mayan and got knocked by their holders for suggesting it. Good to have the overhang cleared.

[croasdalelfc] 15/11/2018 16:50

8.5m sale MAYAN have sold out of BLOE - overhang cleared - upwards we go

[spangle93] 11/11/2018 08:50

How do you calculate a PE ratio of 1.3, Costax?

[thefozzer] 10/11/2018 11:40

I've taken a position here.

Low shares in issue, low market cap. Good news flow and good potential, getting ramped on Twitter, cash in bank, suspect the management will raise a few quid on a spike, looking for around 6p

Just a punt.

[croasdalelfc] 09/11/2018 20:11

Nice delayed buy 720k

[turbocharge] 08/11/2018 22:44

Thanks, need to study more, looks interesting with potential

[spangle93] 08/11/2018 17:14

No, that's slipped to end 1Q 2019.
See RNS on 15-Oct and accompanying Proactive video for details on workovers and sidetracking

[turbocharge] 08/11/2018 16:50

Was asking because it states the 500 bopd as a target for 2018 in its business strategy:

"The company has planned a three stage work programme to develop the significant potential of its assets:

Stage 1 (2018): Increase production to 500 bopd via a low cost low risk workover programme and sidetrack of existing wells
The company will break even at 100 bopd"

[spangle93] 08/11/2018 16:23

Turbocharge - No

The preparation work for this has started, but my my understanding is that completion of this phase would be until end of 1Q 2019

[turbocharge] 08/11/2018 14:45

New to this company, quick question re: Stage 1 (2018)- has the company managed to increase production to 500 bopd via a low cost low risk workover programme and sidetrack of existing wells?

[costax1654x] 07/11/2018 09:13

Most undervalued oil company now on stock market...is RRE by the look!11000 barrels per day,100 mil cash,100 mil mcap