Member Info for ADT1

Will come very soon and might include a bonus element

I must say first class company and ceo communications here - many on aim could learn a lesson here

Looking at those valuations block has huge upside

Who are the top 25 independent FTSE oil and gas producers? https://www2.deloitte.com/uk/en/pages/energy-and-resources/articles/uk-upstream-independents.html

From the company: “In addition to West Rustavi's obvious oil potential, Block Energy is very optimistic regarding the Permit's gas potential. Permit XIf is contiguous to the south of Schlumberger's Permit XIb, where up to 10 wells have tested gas at rates up to 8-10mmscf/d from the same geological formations that have proven to exist in XIf. The West Rustavi permit is also situated right beside the Rustavi industrial complex where there are major consumers of natural gas for the manufacture of fertilizers and steel. Recent natural gas prices in Georgia have been US$5-US$7/mcf for industrial users representing a potential enormous value upside to Block Energy”

Profitable and cashflow positive

Future Dividends - from admission doc in June last year. “Whilst the Directors do not expect to be in a position to declare a dividend in the short term, the Board wish to be in a position to do so once the Company becomes profitable and cash flow positive.” Next financial year might be tasty - hello institutional funds .....

$1.6bn contingent gas value thats £1.23bn sterling . That value is about £4.60 per share

They are obviously very excited about what they have found on 16a and not just the oil

What the market is seeing is on this rate of production between next week and Year ending June 2019 which is huge, the company will be profitable in year 1 . Most Funds invest in profitable co’s , year 2 projections with norio , westrustavi 16 and 38 will be in the many millions .

Will need a new broker note soon, some changes since that, namely the increasing ownership and well data from the 16a 500m 1,100bopd

Also I sm sure there is some Norio news due soon

Take a good look at Block Energy

Before close

Some will say when its 40p wish i bought or hold at 8p!

Gap up on open Monday

Bring on Monday

Will be interesting also

Some will sell in 8 and buy in 9 !

News due also from the major any day