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"highlighted the Bank’s “special support” to Georgia by financing strategically important fields, including infrastructure, energy "
https://agenda.ge/en/news/2024/38990
The air has cooled ...and so has the share price ... PH give us something to talk about ...even a sprat or a barrel of gas ...next week ???
Sorry , meant to say good luck to all invested but good news will be nice too!
Killgever, I agree with you to a point but over the last few weeks some of the free shares have now landed in the hands of investors , investors who now see the opportunity in BLOE is and will not be selling, well not at these levels.
I do think people are exhausted reiterating the value statement here, and like most AIM investments they rise on news or speculation, in our case both and an excellent asset base. The share prices is still holding compared to past rises so that can only be a positive.
Good news to all invested.
Well the MMs are happy to take them on HL, drop 2.5m in one go. Sit and wait for me. They do like to squeeze every last penny they can from PIs.
GL all holders.
I've no theories nor conspiratorial tales.
In the absence of news and also of rumours this stock is less exciting.
Traders sell.
Weak and short term holders sell.
MMs do their thing.
We've been here before.
People are impatient.
May 10 or just before they'll look again.
My pennyworth.
Glalth
Well as we are in closed period now , it means the directors etc have lost claim on a chunk of free options , there’s one bonus… year end news due within next 30 days.. plus news on farm in. And hopefully an update on CCS project too , if they all come in close proximity to each other… this will turn into a frenzy
The anticipation build up seems lost on the markets recently.
Only HE1 did this and created some short lived liquidity. Bid is 1.55 having been NT since yesterday.
those 3 900k trades are mine , and the 900k yesterday , ii ****ed up a t20 rollover of mine … so all sorted now
Can only assume MM are short of shares and dropping it to get some. But there is t much action until they raise it up.
Or Zak starts guessing and rear view mirrors are out.
If the partner funding mentioned in the fact sheet becomes a reality then it should kick that into touch once and for all. Perhaps then the market will start thinking seriously what figures like 2.77 TCF contingent and US$1.65bn could mean to a £12m mcap company because at the moment we're priced as if these numbers are off the back of PH's last packet of Rothman's not from expert technical reports.
It’s really being played with at this level. I assume people in higher places wish to load up. MMs happy to oblige.
If only I had some funds to top up.
GLA
The mantra works as many similar companies place after place and don’t delete r and shareholder value.
BlOE is different
Lots of daft rumours that BLOE are looking to raise. The Company have no plans to raise. Company also in a closed period...
We need positive news ... not reports of what we have in the ground ... theres only dollars there when they extract it ....
Https://www.blockenergy.co.uk/wp-content/uploads/2024/05/block_energy_factsheet_may_24.pdf
Https://www.blockenergy.co.uk/wp-content/uploads/2024/05/block_energy_factsheet_may_24.pdf
This is the English language version of the report, the last paragraph explains why this report was recently updated. I didn’t realize the author of the report is the current Head of Strategic Planning at the GOGC –
“The revised edition of this publication was precipitated by the impact that the COVID-19 pandemic and the Russian-Ukrainian war had on global economics, including the repositioning of players in the oil and gas market. More specifically, the necessity of fundamental restructuring of the trends dominant for the last two or three decades in supplying international markets with fossil fuels, which highlighted maximum financial profit while ignoring fundamental principles of preservation of the environment and energy security.”
https://erekle.uk/teimuraz-gochitashvili/oil-and-gas-2024.html?fbclid=IwZXh0bgNhZW0CMTAAAR2L-AwNGuKdnoparBCCMy3CikhKLoRsoJC_nMBay9DY7iCqS7AR9K5yOkM_aem_AWK6YjcUE1Z_lgg1qXSL7wEVaKOGzEv0fz83w3DW_TjpIZGf5ZOmkOQcch6hK1tokoNhz0hq7WwfFUQPp6jxpWTF
About the author –
https://www.linkedin.com/in/teimuraz-gochitashvili-8156b034/
I've been advocating mid May. 13th onwards for major news, but we know its coming regardless.
..... and I could with ease of conscience rest another hour before waking to see no new RNS, knowing great news would march hand in hand with Results.
Is that the way to announce company-making messages?
I would hope they'd arrive alone, with trumpets calling, banners waving, crowds cheering.
But it's not this morning so I've woken for no good reason.
I'll feed the horse instead.
Good morning and good luck.
Well we definitely know there is at least one clip of news coming , two if you inc announcing the AGM . Year end is due…. And then hoped news on farm in and CCS
Like a big dipper at the moment.
Looks like we're going to need more volume to get through 2p, so perhaps stuck here until news?
For those having a look at Block this is worth a glance over, much of it is in Georgian but there's an English summary.
P415 is interesting – “In recent years, prospecting works to discover new deposits have been relatively active. Plans for the coming years envisage a significant increase in investments in oil exploration and production. In particular, it is planned to promote the activation of geological exploration works in the oil and gas prospective areas of the country, as well as the increase of the forecast annual total production. The main focus of activity has been shifted to the intensive production of field seismic exploration and exploratory drilling, including the discovery of new fields in the offshore areas of the Black Sea. Also, innovative technologies for oil extraction are being widely introduced on existing fields, which has already been reflected in a certain increase in extraction, as well as production of oil products, in recent years (see figure).546
In total, approximately 28.17 million tons of oil have been extracted in Georgia since the start of production until 2023.
The analysis of historical indicators of natural gas (free and associated) extraction shows that the peak of extraction (about 332 million m3 in 1983) coincided with the period of intensive oil extraction, however, the subsequent decrease in oil extraction caused a significant decrease in associated (associated) gas. In the last period, the total gas extraction indicators have been steadily changing within the range of 13-18 million cubic meters.”
This snippet caught my attention making me assume if the state working on block XII using Blocks drilling team?Block is mentioned directly on p416, probably elsewhere as well. Which translates to the following:-
Figure 5.4. Oil and gas extraction in Georgia, 1930-2023.
Exploration works for new deposits are relatively active
For the purpose of discovery in recent years. With plans for the next few years
A significant increase in investments in oil exploration is envisaged.
in prospecting and mining operations. In particular, geological research is planned
Promotion of work activation in the oil and gas perspective of the country
in the territories, as well as the growth of the forecast annual total production.
The main focus of activity has been shifted to intensive field seismic search
on production and exploratory drilling, including in the offshore areas of the Black Sea
in order to discover new deposits.
https://erekle.uk/teimuraz-gochitashvili/oil-and-gas-production-transportation-processing-and-use/full-text.pdf