Block Energy Share Discussion Threads

[pastybap] 08/4/2019 08:23

Just filter them. I only see about 10% of posts in here. The rest are all filtered for posting gibberish...

[miahkaysor] 08/4/2019 08:21

This is gonna go crazy, people are beginning to realise the potential here!!! Massive!!!Na.dyor.etc

[topranking] 08/4/2019 08:02

All holders; enjoy todays ride

[deanroberthunt] 08/4/2019 07:55

It does..thats why he keeps changing his avatar..they should focus on ip address

[swerves1] 08/4/2019 07:54

It's a pity ADVFN don't seem to do anything about this kind of blatant bb ramping. Maybe should be reported to them!

[deanroberthunt] 08/4/2019 07:48

Fyi JC under another avatar was mega bullish VOG which now sits at all time lows...nuff said

[johncasey] 08/4/2019 07:09

good news on VAST resources today..boom!

[swerves1] 08/4/2019 07:09

I've never seen such deliberate ramping as here. Why not wait to see if the initial test flow rate can be maintained first?

[miahkaysor] 08/4/2019 07:08

"............best result from a well test in Georgia in 50 years"Rest my caseNai.dyor.etc

[markstevenkirby80] 08/4/2019 01:02

In for a penny in for a tenner

[johncasey] 08/4/2019 00:20

Ive already put my order in for latest ferrari..year waiting list

[johncasey] 08/4/2019 00:19

200p share price will seem cheap in a year...trust me this could be one of the biggest risers ever seen on AIM

[spangle93] 08/4/2019 00:04

Lith etc

There's gas and there's gas. The gas that comes off with the oil, shown on twitter, which they've been flaring on a temporary permit, is currently a nuisance by itself, because there's not enough to justify a pipeline but it has to be handled in an environmentally-responsible way.

The non-associated gas that has been tested in old wells, from a different older rock formation, is called contingent resources because it needs further appraisal before it can be considered commercial. The good news is that if it is, then the associated gas from the oil can also be sold

Like all of BLOE's assets, there's a fair degree of de-risking to be done before any success, but looks like they've achieved plan or better with the oil at both fields to date, so hopefully the track record will continue

[lithological heterogeneities] 07/4/2019 23:35

$1.2 billion valuation for JUST FOR THE GAS ALONE and just for West Rustavi alone !

Paul Hayward (BLOE):

"The opportunity for us in West Rustavi is huge. We are now 100pc in over 600bcf of 2C gas resources.

To put things into perspective, the assets that our new ventures team are looking at plays are 100-150bcf at a capex of $160m. We are based onshore in Georgia, and we are getting these wells down for $4-$5m with netbacks of c.$2-2.5/mcf.

If you run that over an unrisked 600bcf resource, then you are looking at a project value of about $1.2bn."

[lithological heterogeneities] 07/4/2019 23:32

03 Apr 2019



"Another little video snippet from West Rustavi well 16aZ in #georgia - a panorama of the field, with another view of the gas flare"

[lithological heterogeneities] 07/4/2019 23:28

"if" they discover commercial gas.Lol.They have been showing the video of the massive gas flare for the past week !

[spangle93] 07/4/2019 23:28

Croasdaleafc - thanks for sharing

[croasdalelfc] 07/4/2019 17:09

Well 38 have been cleaned out - presumably by workover rig ready for drill rig from 16a.

[croasdalelfc] 07/4/2019 17:08

Just thought I would share: they have enough storage for oil at WR for 22 days @ 325 bopd . So 7 days at 1000 bopd . They have an option to rent further storage, not sure how that works? Also if they discover commercial gas it would take 3/4 months to tie back and they have 3 options : large pipe , small pipe and local industrial plant . The above from contact with CEO .

[costax1654x] 07/4/2019 15:38

?I was deramping HNR you donkey since it was 18p!Is 8 p now

[johncasey] 07/4/2019 15:13

compare that with angus and ukog..and lenigas thinks they are good oil men..yeah right

[johncasey] 07/4/2019 15:12

done it in 9 months so 9 months ahead of schedule..these guys are seriously good oil men

[goodbloke1] 07/4/2019 14:55

It's already gone way past 900 barrels it seems which was to be done in 24 months!

[johncasey] 07/4/2019 13:49

just to highlight what the CEO said in june 2018... £5m raised..doubt if they would spend that much in 9 months so no new funding required and revenue from oil testing soon

"We are now fully funded to recomplete/reactivate up to 10 wells and side track wells, with the objective of increasing existing oil production from 15 bopd to over 900 bopd within 18-24 months. Additionally, we will be seeking to de-risk 72.9 million barrels of oil and 626 BCF of gas that have been classified as 2C gross contingent resources in a CPR. Our ability to execute in-country is backed by both our team as well as our major shareholder, Georgia Oil and Gas Limited (GOG) who is both an established operator, party to multiple PSCs and a drilling service provider in Georgia.

"We are in the right address in the right country at the right time. The right address, because our existing licences, including West Rustavi where we have a 5% interest and the right to earn up to a 75% WI, lie in the heart of the prolific Kura basin and contiguous to the largest historical producing field (70,000 bopd) in Georgia. The right country, because Georgia is a low-cost, business-friendly nation with underdeveloped oil and gas reserves. The right time, because Schlumberger's entry is game-changing for Block Energy in terms of targeting the same play types and providing third party validation of Georgia's oil and gas potential. I look forward to providing further updates as we focus on realising this potential and at the same time monetising the multiple company-making opportunities we have identified across our asset base."