Register
Login:
Share:
Email Facebook Twitter


London South East Natural Resources Briefing webcast: #Emmerson #Alba #Condor Gold #Gold analysis
Angus Energy in talks to buy 'transformational' gas asset in North England


Block Energy P. Share Chat (BLOE)



Share Price: 13.65Bid: 13.30Ask: 14.00Change: 0.00 (0.00%)No Movement on Block Energy P.
Spread: 0.70Spread as %: 5.26%Open: 10.575High: 0.00Low: 0.00Yesterday’s Close: 13.65


Share Discussion for Block Energy P.


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

Gizzard
Posts: 1,561
Premium Chat Member
Opinion:No Opinion
Price:11.55
RE: wr16az shut in
Wed 11:03
I meant £1 a share minimum
 
middleEastMoney
Posts: 1,344
Opinion:No Opinion
Price:11.65
RE: wr16az shut in
Wed 10:50
SP would be about 31p

However I believe we will easily surpass a M/Cap of £100m. 2 years from now and I think we could have production of 8000 bpd plus Gas sales.

I am thinking a M/Cap of £300m possibly as much as £500m.

Don't take my word for it, DYOR, factor in what we can do with the cash raised, a CPR, possibly pickup a few new assets (as hinted during the interview,, he said it twice - there is a plan for expansion)

Pre USSR info & technology brought up to date, the mind boggles at what we could be sitting on and what we could achieve.
NigelHaemoglobin
Posts: 172
Opinion:No Opinion
Price:11.35
RE: wr16az shut in
Wed 10:38
I’m happy enough to roll with the RNS guidance, the official source however: it’s worth tuning in to interviews and AGM peeformances etc. Using pure verbal reasoning Sea7 could make the deduction that the well is shut in.

I do not agree with Sea7 but as someone who believes in free speech I don’t really care what he says. The thing is, we don’t have the First Amendment in Britain.

It’s flowing, that is what I believe. If not, very naughty for not updating us.
highenergy
Posts: 747
Opinion:No Opinion
Price:11.25
RE: wr16az shut in
Wed 10:32
100m company, what would that make the sp?
Clumpet
Posts: 4,329
Premium Chat Member
Opinion:No Opinion
Price:11.35
RE: wr16az shut in
Wed 10:29
i think the high production its partly to do with the new tech they used, these old soviet wells and tech were poorly drilled, BLOE has exclusivity and royalties on this technology
Toploader
Posts: 50
Opinion:No Opinion
Price:11.15
RE: wr16az shut in
Wed 10:28
NigelHaemoglobin

Sea7 is NOT correct in his comment that the well maybe shut in. Check the video again....5mins in. Paul states that they are currently producing 16az to the limits that their facilities can cope with.

There appears to be a lot of misleading topics and statements being made of late on this board. All made by nothing more than greedy con men wanting to buy in a few pence lower than the current price.

They do this, because they are stupid & lazy enough to have not done any research prior to the price rise. They are now trying to play on people’s fears so that they sell out, just so they can buy in before the next rise.

They call themselves traders....but true traders use either technical or fundamentals to trade off. Not trying to scare joe public into selling their shares cheap.

Con men pure and simple. :-)
Terrier54
Posts: 10,152
Premium Chat Member
Opinion:No Opinion
Price:11.35
About
Wed 10:28
To bounce ?
Gizzard
Posts: 1,561
Premium Chat Member
Opinion:Strong Buy
Price:11.25
RE: wr16az shut in
Wed 10:20
One of the best wells in country in the past 30 years, incredible interest in Georgia! Accelerated growth plans by a factor of 4/5 times. Looking forward to £100M company minimum.
NigelHaemoglobin
Posts: 172
Opinion:No Opinion
Price:11.25
RE: wr16az shut in
Wed 10:16
Yes it is. A few weeks ago I posted what that flow rate would mean in terms of flow velocity. Just a rough calc, no compressibility/fluid dynamics type stuff. Over 400 mph!
bigbench
Posts: 10,270
Opinion:No Opinion
Price:11.15
RE: wr16az shut in
Wed 10:14
I think it was initially at 1000bpd but they reduced to choke so its now 700 as that's all the storage can currently handle..which he commented on is just weeks away from increasing, then im sure the taps will be gradually opened.

The 3mm choke is tint when you think about it...must be some pressure to get 700bpd from such a tiny gap.
NigelHaemoglobin
Posts: 172
Opinion:No Opinion
Price:11.15
RE: wr16az shut in
Wed 10:05
Nevertheless I am happy to believe that the guidance contained in the mid April rns is correct ie:

“16aZ continues to flow strongly, going from strength to strength with a steady increase in pressure as the well cleans up.”
NigelHaemoglobin
Posts: 172
Opinion:No Opinion
Price:11.15
RE: wr16az shut in
Wed 10:03
Interesting interview, couple of points. PH stated 1000 bpd on 1/8th choke, surely it is 700 bpd. He also inferred that the longer term stable production rate will be around 700 bpd. Sea7 is correct re inferring that the well might be shut in based on pure verbal reasoning.

Trying to make sense of these anomalies, if an RNS appears stating that the well was shut in for weeks then yes, an omission. Not a grave one but the general consensus here is that the company is hugely cashflow positive.
bigbench
Posts: 10,270
Opinion:No Opinion
Price:11.15
RE: Block Energy targeting 1500 barrels
Wed 10:01
Makes are current Mcap look ridiculously low... the CPR on reserves should sort that out!
Terrier54
Posts: 10,152
Premium Chat Member
Opinion:No Opinion
Price:11.15
Bid
Wed 10:00
Suddenly got very strong.
Big background buyer?
bigbench
Posts: 10,270
Opinion:Strong Buy
Price:11.15
RE: Nice
Wed 09:59
I honestly cant see any downsides here... except I need more of these shares!!

The next 6 months are going to be company making.. I got the feeling form watching the interview PH is looking at acquisitions very closely already.... He even said his phone has not stopped ringing withy plenty interest of other O&G companies. Can we rule out a take over from a bigger player? ...is that why he is accelerating operations to prove up our acreage?? Hmmmmmmm very exciting times indeed.
KhunG17
Posts: 1,348
Premium Chat Member
Opinion:No Opinion
Price:11.15
RE: Block Energy targeting 1500 barrels
Wed 09:50
4000 barrels over 100 million.....mmmmm
Terrier54
Posts: 10,152
Premium Chat Member
Opinion:No Opinion
Price:11.15
Nice
Wed 09:48
And quiet BB.

Seen off the dissenters and should now restore at better levels.
bigbench
Posts: 10,270
Opinion:No Opinion
Price:11.15
RE: here is the link
Wed 09:46
Significant demand in excess of £12m.... 8 institutions jumped in....great interview
Ziggyx
Posts: 4
Opinion:No Opinion
Price:11.15
Video
Wed 09:45
Very positive video, sounds like acceleration to capitalise on known resources plus acquisitions to grow.
Gizzard
Posts: 1,561
Premium Chat Member
Opinion:Strong Buy
Price:11.15
Block Energy targeting 1500 barrels
Wed 09:39
Just received this email follow up from yesterday:

Block Energy targeting 1500 barrels a day by end of 2019 as Georgia exceeds all expectations
Block Energy CEO Paul Haywood chats to Proactive London's Andrew Scott after closing the bookbuild for their new placing.

Block launched a £12mln equity raise to fund an accelerated growth strategy in the Republic of Georgia.

The cash injection will pay for the drilling of up to four new horizontal sidetrack wells to scale up production, the expansion of production facilities to provide capacity for 4,000 to 5,000 barrels of oil per day, and the acquisition of 3D seismic data.
mytton
Posts: 732
Opinion:No Opinion
Price:11.15
RE: Don't
Wed 09:20
i do 10% max but sometimes overextend. if u go over 20% u risk permanent damage to yr funds as bad news can arrive out of the blue even with 'dead cert' winners
RBTrader
Posts: 626
Premium Chat Member
Opinion:No Opinion
Price:11.15
RE: Don't
Wed 09:16
Hope so. Unfortunately I've no more to add, and already too much in this one stock. Isn't the rule no more than 5% of profile in a single stock?
Terrier54
Posts: 10,152
Premium Chat Member
Opinion:No Opinion
Price:11.15
Don't
Wed 09:02
Want to sound rampy but surely this is a cracking SP to add/buy at now ?
After Paul's interview any doubts should be cleared up.

GLE.
keep-it-real
Posts: 1,841
Opinion:No Opinion
Price:11.15
Could end the day blue for a chng
Wed 09:01
..




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk









Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.