Block Energy Share Discussion Threads

[costax1654x] 16/10/2018 12:10

Pg 32-50 before you buy here

[bad gateway] 16/10/2018 12:07

You're a bit slow this morning cost. Selling started a while ago and has been discussed already on the LSE and here I believe. Must be quite some of it done already and the rest will go as newsflow continues. After all 3.29% isn't much is it? Not with a Fully Diluted Share Capital of 285,265,549

Voxmarket interview was interesting. They're looking for 150-200BPD minimum from their first 8 workovers plus the extra 100BPD so up to 300BPD short term now or double the 150BPD you thought priced in already.



Should be profitable times ahead for us holders. You should buy a few so you can pot "we" and mean it.

[costax1654x] 16/10/2018 12:06

From their site:total options on issue:23938332

[costax1654x] 16/10/2018 11:58

https://www.investegate.co.uk/mayan-energy-limited/rns/admission-to-aim-of-investee-company-block-energy/201806110830058577Q/

[costax1654x] 16/10/2018 11:57

In line with the above, the £210,000 Secured Convertible Loan Note has been converted into 6,392,694 ordinary shares in Block Energy, increasing Mayan's total holding to 8,510,341 ordinary shares, which represents 3.29% of the entire issued share capital of Block Energy.

[costax1654x] 16/10/2018 10:28

So we have a big seller,who bought at 4 pence and selling at 2.8,Or it might be Mayan with warrants at 0.085

[bad gateway] 16/10/2018 09:30

Paul Haywood gave a Voxmarkets interview yesterday too. (from 2 minutes in)


He spoke of the initial 8 well programme as giving 150-200BPD and they "hope to exceed that" which is promising imo and brings them up to 300BPD planned short term or double what they announced yesterday morning.
See how they do.

[spangle93] 15/10/2018 21:38

Euclid, ref post 103

Just a wee correction/clarification for any newbies dropping in...

BLOE has 25% of West Rustafi, with options to increase to 75% once they've spent some money and successfully delivered program agreed with GOG. Forgive me if I've misinterpreted your post, but you seemed to imply that your figures were current valuation?

[keya5000] 15/10/2018 20:11

The £90k though was at pre-consolidation levels though Euclid and its worth about £85k today so why does that worry you?

Does it really worry you or do you wish the misinformation you are peddling worries others more?

[euclid5] 15/10/2018 19:50

Thanks for the link BGateway

Keya, I am more concerned of the £90k Loan below note so much the other SCLN convertible 10% below the admis price

£90,000 equity investment via a placing of new shares at £0.0085 per Block Energy Share; and


· £210,000 via a Secured Convertible Loan Note. 10% flat coupon with conversion to equity at a 10% discount to any price at which Block Energy's shares are listed or admitted to trading on any stock exchange other than NEX.

[bad gateway] 15/10/2018 19:40

Yes they ended up with just over 3 percent at float. Have a sneaky feeling a lot of the larger sells have been them. They did sound cashstrapped in their last RNS and hard to see who else would sell at the lows when the operational side is just taking off.

[keya5000] 15/10/2018 19:19

Euclid MYN's CLN is at that level preconsolidation on the move to AIM, its barely in profit at this level and if I am correct was it not converted into equity on the move to AIM at 10% below the IPO level?

From memory I am sure thats the case

[euclid5] 15/10/2018 18:41

a few large sells in the background - 700k - 500k 360k, they should be keeping their shares not selling after 2 good rns, to me this reads different such as a pensing raise possibly.

However don't like that fact Mayan have CLN's nealy 11m at 0.0085p, could cause an overhang for a while or once Bloe start to increase share price, which I hope it does

250bopd is very good by 1Q19, plus testing the W Rustavi Gas field

[novicetrade68] 15/10/2018 17:51

Please see the amendment of the RNS, target 250 bopd looks like it.

[bad gateway] 15/10/2018 16:17

Underpromise overdeliver is the name of the game here.

[costax1654x] 15/10/2018 16:12

18-24 months for 900 barrels

[113mike] 15/10/2018 16:06

not long to go now!

[costax1654x] 15/10/2018 16:05

I more think that the IPO prices the 150 barrels per day already,and the market is responding by tanking the price!For me 2pence is a fair price,definitely not what was at IPO

[costax1654x] 15/10/2018 16:03

Apparently they drilling now for oil!So...let's see what they get

[bad gateway] 15/10/2018 15:56

and then there's AAOG with its tiny current production and a bad operating history sitting at 13.5m. Hard to make direct comparisons in this sector as sentiment plays such a role i suppose.

[costax1654x] 15/10/2018 15:49

But...far from it for the moment

[costax1654x] 15/10/2018 15:49

And at 1000 b/d they were 17 mil!Block is looking to achieve 900

[costax1654x] 15/10/2018 15:48

They are 2000 b/d