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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.075 | -5.88% | 1.20 | 1.15 | 1.25 | 1.275 | 1.20 | 1.28 | 751,207 | 16:02:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Minrls,earths-ground,treated | 8.26M | -1.61M | -0.0024 | -5.00 | 8.16M |
Date | Subject | Author | Discuss |
---|---|---|---|
02/4/2019 07:49 | Rewatched the videos. As said yesterday. Quite a significant gas flare. Looks like it's just a case of how much gas is coming with th oil, not if it's coming.. | ![]() gregpeck7 | |
02/4/2019 07:30 | Should be a good day today 20% end of day finish is good enough for me | toogood4me | |
02/4/2019 06:17 | #BLOE Our videos are also available on Vimeo @BlockEnergyplc | ![]() newtothisgame3 | |
02/4/2019 03:33 | massive late buys,bodes will for today | johncasey | |
01/4/2019 23:33 | Just remember that production rate is seldom related to test rate because they have completely different aims - in the latter you are trying to establish deliverability of the reservoir, examine potential compartmentalisation In this case, if production rate is delivered into the well predominantly through fractures, the flow rate from the matrix into the fractures has to match the take off production rate. In the longer term, annual decline rate was estimated by Gustavson (based on simulation rather than observation) to be 29%. As a result, normally production rate is lower than test rate, although it's noted here that test rate was constrained by facilities, and the unconstrained rate was 30% higher. Nonetheless, it would be prudent, if you're investing for more than a couple of hours, to base cash flow estimates on a lower rate than the test. | ![]() spangle93 | |
01/4/2019 21:09 | i remember when angus energy went from 6p to 38p a year or two ago but Block has more potential and much better management | johncasey | |
01/4/2019 21:08 | Yes. So fcf occurs at 110 bopd with oil at 60 usd. So at 70 it will be around 90. They are producing 1,100 bopd now from one well in one reservoir with oil and gas shows detected in the upper reservoir as well. The more you look at this the more compelling it becomes. It looks like they have literally struck gold here. Some profit talking occurred today but the bottom line is at 15m this remains an absolute bargain. 6p will seem like a steal in days to come. Buy and hold. Expecting a strong start again tomorrow. | ![]() gregpeck7 | |
01/4/2019 21:03 | Some really good positive stuff out there today about block Buy and just hold this has bags of potential | toogood4me | |
01/4/2019 20:39 | Source: TradingView Past performance is not a guide to future performance Block Energy is up a massive 85% today Block Energy's well 16a at the West Rustavi field in the Republic of Georgia has delivered a test flow rate of an average 1,100 barrels per day (bpd), more than three times the estimated target production rate of 325bpd. That's better than any well drilled in Georgia for 50 years! Block currently has a 71.5% working interest in West Rustavi, which is in the heart of the prolific Kura basin next to the largest historical producing field in Georgia. It secured an agreement in February to take that up to 100%. Today's result is exciting because this field contains an estimated 38 million barrels of gross contingent resources (2C) of oil. Block also holds legacy gas discoveries supporting a gross contingent (2C) resource of 608 billion cubic feet.Block chief executive Paul Haywood said: "Management will now digest this extraordinary result and crystalise a development strategy beyond that already outlined to the market on Well 38. This is truly an exciting time for Block Energy, and we look forward to updating the market shortly."Block Energy only listed on the AIM market in June 2018, raising £5 million via an oversubscribed placing at 4p a share. After closing at 3.9p on Friday, the share price peaked today at 7.2p, a new high, valuing the business at almost £20 million. | ![]() gregpeck7 | |
01/4/2019 17:14 | Invested today as previous RNS is key. They announced $4.5m free cash flow on the estimate of 325 bopd and some other bits and pieces. Therefore a flow rate in the order of 1100 bopd will generate a conservative free flow in excess of $10.0m and teh company has a market value of £18m !! Surely this is a no brainer ? | ![]() profiting | |
01/4/2019 16:51 | My take from lse...So the well was completed in the middle Eocene formation... And achieved these spectacular results.... They have not looked at the upper formation yet (based on my read) and there are oil shows there as well!?SO at 325 bopd its a 6 month payback with oil @ 60 USDSo @ 1,100 bopd and oil @70 USD, could we be looking at 6 weeks?The FCF of this well could be phenomenal... And as others have commented, the gas has not been tested yet either... It looks to me like this field, with modern drilling techniques could be an outstanding asset, and worth just over 15m quid ? I think not...However, below is the previous RNS (20th)· Follow-on West Rustavi candidate well 38, in close proximity to 16a, is primed for sidetrack operations subject to 16a resultsBlock Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to report that Total Drilled Depth ('TDD') has been reached at well 16a ('16a' or 'the well') at its West Rustavi field ('West Rustavi') after the successful completion of horizontal sidetracking operations.A TDD of 2,659 metres was reached after the well was re-entered and cleaned, a whipstock positioned at 1,932 metres below the ground, a build section drilled 205 metres into the top of the targeted Middle Eocene, and a further 522 metres (some 100 metres more than the original plan) drilled horizontally into the formation's reservoir.Hydrocarbo | ![]() gregpeck7 | |
01/4/2019 16:50 | 'Talk about fluctuating share prices, Block Energy is up 60%!!' #bloe | ![]() newtothisgame3 | |
01/4/2019 16:32 | Greg, Apparently they tested one of the other wells at 0.9mmcfd. 16a flare looks quite good from what you can see of it and you can hear it gently roar while he's talking. Regards, Ed. | edgein | |
01/4/2019 16:31 | Have a good evening chaps | toogood4me | |
01/4/2019 16:31 | From proactive 20/03 you read the below then read what they found in rns today, puts things in perspective with well 38 to go and the gas. "The group aims to increase Block's gross production by 325 barrels of oil per day, which would correspond to an additional free cash flow of some US$3.6mln a year.Now, the company will also move on to the next sidetrack candidate it said it has primed the nearby Well 38 for the next programme.Block noted that it is advancing the sidetrack campaign at West Rustavi in parallel with its ongoing multi-well workover programme at its Norio field, where it is incrementally increasing output from existing wells.It recently announced that production from Norio had increased four-fold to 60 bopd, and, as operations continue it is moving towards the company's breakeven production marker of 100 bopd.'Critical Milestone'Chief executive Paul Haywood described the West Rustavi well target of 325 bopd, as a "critical milestone" and said that the project presents "company-making potential"."Achievin | toogood4me | |
01/4/2019 16:30 | All the eyes will be on this next few days , happy to hold , first blue day in weeks , rampers will be out in full force this week :) | ![]() muddyfox0151 | |
01/4/2019 16:29 | Toogood, Yes apparently its primed and ready for sidetracking depending upon results of 16a. Gonna be an interesting few weeks and months as they make progress on these wells. Also apparently multiple other wells for both oil and gas potential for sidetracking too. Regards, Ed. | edgein | |
01/4/2019 16:27 | Well they have gas but how much and what flow rate? This could be the stock of 2019.. | ![]() gregpeck7 | |
01/4/2019 16:27 | bloe gonna blow! | johncasey | |
01/4/2019 16:25 | https://twitter.com/ | toogood4me | |
01/4/2019 16:24 | Can't wait for the next RNS probably 2-3 days | ![]() costax1654x | |
01/4/2019 16:21 | Good luck Mr Fox, the real evil :) | mrjackpot777 |
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