Member Info for ADT1

Would not be surprised to see a TR-1

Paul Haywood, Director of Block Energy, said:

"We're delighted to announce further significant progress in our multi-well campaign with the completion of drilling operations at WR-38Z. We look forward to announcing the test flow rate as soon as we are able to do so."

Field observations at the wellsite indicate multiple natural fractures, and oil shows were encountered during drilling.

"Field observations at the wellsite indicate multiple natural fractures, and oil shows were encountered during drilling."

Resistance1: 7.33
Resistance2: 9.50

Lots going on with block fair play

Would not be surprised to see new acreage interest news here also

Georgian Government Commends U.S. House of Representatives Passage of Georgia Support Act

“We thank the members of the U.S. House of Representatives for passing this landmark piece of legislation,” said Prime Minister Giorgi Gakharia. “The U.S. is our closest strategic ally. Our partnership is based on our shared common values of freedom and democracy and our steadfast mutual support. This represents the first standalone legislation related to Georgia dedicated to taking our partnership to the next level.”

https://apnews.com/b6468ef5096156f85c2c0bb127a6af50

Time for a US-Georgia free trade pact
The imperatives are strategic, commercial and moral

https://www.ft.com/content/f1e18bf2-8cab-4240-8ef3-9a3760d4c34d

these rainbow traders are like headless chickens and will never make a proper return

Got a feeling some may be caught out very soon with the oil and gas and on 100% ownership.

Currently nearly 50% discount to the City in at 11p

Malcy has another booked, Gas will be a game changer. Recent news was very important. I am sure Malcy will be discussing this.

“Block’s share price has been rallying significantly back up to the 8p level but any move back up to the 17.5p high will need a decent flow rate from this well and a rebuild in trust from the market. Both of these are perfectly possible and the management is taking steps to up the profile and I have already had one meeting with PH and have been offered another so things are improving on that front.”

RSI(14): 45.10

Resistance1: 7.33
Resistance2: 9.50

Once that tap goes on and with infrastructure in place its all systems go. It will be back in the teens.

UNTAPPED WORLD CLASS HYDROCARBON POTENTIAL OF CENTRAL GEORGIA



https://georgiaoilandgas.ge/wp-content/uploads/2018/04/AAPGMeeting-March-2018.pdf

IMO

Oil production from W38 will be a huge boost.

Gas is a huge prize and the off take company will want to get this switched on asap.

Watch this space.

No holding back the WN news - now in control by a listed company

Hearing #WestNewton #RBD #UJO Plethora of good news maybe on the way next 5/6 days. #EyesOn ??