Member Info for ADT1

this week on full flow

Watch this space -

Over the past few months we’ve had many discussions with parties interested in entering Georgia, and lots of interest regarding mergers and acquisitions

He is going through each stage - can rule out a rns on any day now

Paul Haywood, Block Energy Chief Executive Officer said: 'We are delighted to enter into new contracts for rigs and drilling equipment with the same Georgian companies from which we hired the equipment last year, again on highly favourable terms. The Agreements give us access to all of the rigs and associated equipment we need to pursue our programme without having to negotiate with individual suppliers or mobilise from abroad, saving the Company significant time and cost.

Next week will be a key milestone for block energy , we know production will be on in full flow and the full operations update including spud date for well 38 signals kick off of the next chapter - have a good weekend lads and ladies - see you Monday

Big week coming up for block - production - operations update

We are literally at the early stages in a mid tier co.

18p year high on news next week

15p - Presentation Tuesday and production news

Production news 1,100 bopd and opperations report before the presentation - spud date for well 38

Date / Time: Tuesday 9th July 2019 | Doors 5:30 pm | Live 6.15 pm

Location: Brewers Hall, Aldermanbury Square (Off London Wall), London , EC2V 7HR

We would be delighted if you would join us at Brewers Hall for the next Investor Briefing in our 2019 season, brought to you in association with our sponsors City Index. This time the investment opportunity is Oil & Gas, and we would like to introduce you to some great listed companies. Brewers Hall is an old-established City venue, just a short walk from Moorgate tube station and just off London Wall (EC2V 7HR).

Paul Hayward, CEO, Block Energy (Ticker: BLOE / Index: AIM / Sector: Oil & Gas)

Block Energy (BLOE.L) is an AIM listed oil and gas company aiming to become the leading independent producer in the Republic of Georgia. Block has an agreement to secure a 100% working interest (currently 71.5%) in the West Rustavi field near Tbilisi, the company-making potential of which was confirmed earlier this year when the first well sidetracked tested at a rate three times higher than pre-drill expectations. The company has since undertaken a successful £12 million fundraise for an operations programme designed to unlock the field's rich oil and gas potential through the back-to-back sidetracking of multiple wells across the 37km licence. Block also holds 100% and 90% interests in the producing Norio and Satskhenisi fields close to West Rustavi.

This event is suitable for sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

https://www.eventbrite.co.uk/e/oil-gas-investor-briefing-with-ceos-from-block-energy-cluff-natural-resources-and-coro-energy-tickets-64171877814

Brought to you by London South East - lse.co.uk

Date / Time: Tuesday 9th July 2019 | Doors 5:30 pm | Live 6.15 pm
Location: Brewers Hall, Aldermanbury Square (Off London Wall), London , EC2V 7HR

BLOCK ENERGY PRESENTING

We would be delighted if you would join us at Brewers Hall for the next Investor Briefing in our 2019 season, brought to you in association with our sponsors City Index. This time the investment opportunity is Oil & Gas, and we would like to introduce you to some great listed companies. Brewers Hall is an old-established City venue, just a short walk from Moorgate tube station and just off London Wall (EC2V 7HR).


This event is suitable for sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.
https://www.eventbrite.co.uk/e/oil-gas-investor-briefing-with-ceos-from-block-energy-cluff-natural-resources-and-coro-energy-tickets-64171877814

Proactive Interview – $15m month target

Block Energy CEO on oil storage deal and upcoming work programme
12:52 02 Jul 2019

Block Energy PLC (LON:BLOE) CEO Paul Haywood spoke to Proactive London's Andrew Scott soon after announcing a substantial oil storage leasing agreement they've negotiated that will enable them to re-start production from its West Rustavi field in Georgia.

The agreement gives Block access to 90,000 barrels of storage capacity
https://www.proactiveinvestors.co.uk/mediaFiles/stocktubeDetails/13950/block-energy-ceo-on-oil-storage-deal-and-upcoming-work-programme-13950.html

Broker Report – 35p

MIRABAUD SECURITIES LIMITED

http://www.blockenergy.co.uk/wp-content/uploads/2019/07/block_energy_building_blocks_1_jul_19.pdf

Doc Holiday catches up with Paul Haywood CEO of Block Energy, we hear more about the meteoric rise from 3p to 18p before shares cooled down to 13p as the company secured £12million at 11pence by way of a placing. The fundraising was predominantly taken up by institutions, representing approx 80% of the total book. Haywood promised to have an extremely busy summer work program which has now been accelerated courtesy of the enlarged funding, leaving the team internally pumped at the future outlook of Block. In addition, Mirabaud this week released a Buy recommendation with an initial 35p target based on the current portfolio.

CEO Paul Haywood discusses recent funding.
The company has delivered exceptional results at 16aZ.
Latest RNS explains the Oil storage agreement accessing 90,000 bbls.
Talking big names, potential approaches and spudding 38a & 30.
Positive future outlook, with an intention to execute diligently.
https://total-market-solutions.com/2019/07/03/building-block-in-georgia/

This will be explosive news – and close to being announced


Under the proposed terms of the MOU and subject to final legal agreement, Bago will acquire the total amount of gas produced from West Rustavi, subject to a minimum of 1,000 Cubic m of gas per day. In addition, Bago is considering financing wholly, or in part, required gas infrastructure at West Rustavi, including pipeline tie backs to local infrastructure and gas processing plant solutions.

West Rustavi Onshore Oil and Gas Field

Licence with company-making oil and gas potential:

71.5% Working Interest with agreement to move to 100%

36.5km2 with multiple wells that have tested oil and gas from multiple geological horizons

Proven oil field

Has produced 41 Mbbl light sweet crude with remaining 0.9 MMbbls 2P gross reserves in the Middle Eocene

38 MMBbls of 2C gross contingent resources in Middle, Upper and Lower Eocene (condensate)

First horizontal sidetrack 16aZ tested at 1,040 bbl/d from the Middle Eocene – more than three times higher than 325 bbl/d target

$36/bbl netback at $65/bbl Brent – $16.6 NPV10 per barrel
Company-making gas resource

608 BCF 2C gross contingent resource target in the Eocene/Cretaceous – vertical wells tested at 1-1.5 MMscf/d

$3.40/MCF netback (WR16aZ associated gas) – $1.1 NPV10 per MCF
Strategy

Horizontal sidetracks at West Rustavi wells 3, 30 and 38 analogous to 16aZ to scale up oil production and fund future capital programmes

Appraise two of the field’s existing gas discoveries and drill a new gas well

Expand the field’s facilities to increase production capacity to 4,000-5,000 bbl/d
Acquire a 3D seismic survey to provide a critical understanding of West Rustavi’s subsurface

Attractive PSC licence terms

Very low cost production and good fiscal terms: 25(+5) year term effective from 1 September 2018 with CPR to be updated once 3D seismic programme completed and interpreted

Industrial gas market less than 10km at Rustavi industrial complex

No taxes or discovery bonus applicable
http://www.blockenergy.co.uk/projects/

V O X Interview

Paul Haywood, Chief Executive Officer

https://www. Vo xm arkets .co.uk
/articles/block-energy-hummingbird-resources-union-jack-oil-toople-and-cluff-natural-resources-0628a20/

Share cast report

Block Energy strikes storage deal with Georgian state oil company
https://www.sharecast.com/news/aim-bulletin/block-energy-strikes-storage-deal-with-georgian-state-oil-company--6777722.html

just now

Hi Bronzy , I have a document with the links to research info on block I will post this afternoon when next to a computer .

Apologise before hand there will be a lot of research links posted ...

weekend read