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Lunps of selling - news draught

Thanks absoluterossk Do you reckon norio production news soon or general update ?

Few seem to be nibbling sub ipo this week. Norio production RNS would be good nxt wk

plenty of news to come and into OIL production.

duster this is priduction and revenue with bloe at 9m market cap.

#bloe a source suggests that production at WR is hours away with most of the work now completed and flow tests planned this week? verification from @BlockEnergyplc would be amazing. Meanwhile, next door has allegedly began flowing gas at “better than expected” rates.

The targeted 900bopd will now be 100 percent BLOE 9.8m market cap

“The economic impact of this transaction is also significant, whereby in our single well base case production scenario (325 bopd) well netbacks increase by over 40% on completion of the transaction, to around US$41 per bbl at US$60 Brent.“

https://www.proactiveinvestors.co.uk/companies/news/215301/block-energy-reveals-new-deal-to-take-full-ownership-of-west-rustavi-asset-215301.html

Minus 10 dollars and on production of 325 target is 4.1m a year revenue.

The economic impact of this transaction is also significant, whereby in our single well base case production scenario (325 bopd) well netbacks increase by over 40% on completion of the transaction, to around US$41 per bbl at US$60 Brent. Moreover, we welcome further strengthening of the relationship between Block and our major shareholder GOG. The deal structure, which is heavily weighted towards equity in the Company, is a strong testament of GOG's confidence in the Company's current value and potential upside. West Rustavi is an analogue to the nearby Ninotsminda field where the founders of GOG performed horizontal sidetracks increasing initial production from 50 bopd to over 1,900 bopd.

Block Chief Executive Officer Paul Haywood said: "We are delighted to enter into this new Agreement with our Georgian partners. It gives the Company a clear path to a 100% WI in West Rustavi, complementing our respective 100% and 90% interests in the Norio and Satskhenisi fields. A 100% WI in West Rustavi will give the Company complete discretion over the realisation of the field's potential.

For quantity over 1,200 pounds

Thats perfect for the sp

what ujo and other wild cat investors would give for OIL

long lunch by the looks of it snouts away in the trough

please share with us what was said

Block Energy Plc ('the Company', 'Block' or 'the Group'): Investor Presentation Lunch Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce that its CEO, Paul Haywood, will be hosting an investor presentation lunch on Thursday 21 February at 12pm to provide a presentation on the Company's strategy and answer investors' questions. The lunch will be held at: Bangers, 2 Wilson Street, Moorgate, London, EC2M 2TE. For more information and to register attendance, please email info@blockenergy.co.uk. Following the lunch, a copy of the presentation will be made available on the Company's website at: www.blockenergy.co.uk

Moving Average Rating is Strong Buy for BLOCK ENERGY PLC (:BLOE) https://richlandstandard.com/moving-average-rating-is-strong-buy-for-block-energy-plc-bloe/

The invedtors lunch date of Tue 21 - I reckon before he puts a power point up he will need an update on Norio production and west rustavi. At this exciting time for #BLOE we're pleased to invite you to an investor presentation lunch: Thu 21 Feb 12pm Moorgate Our CEO Paul Haywood will present our strategy followed by Q&As. If you are interested in attending please DM