Member Info for ADT1

With news on this one, it will be thick and fast throught half 1

Hopefully with a fully funded prog this could be interesting now sub ipo price

Interesting times ahead and news stream

Followed by a few sellers clearing.

Two beefy buys near 250k each - warming up

sorry 6 I mean , is it the first one now due ? Is it one at a time ? What about the big drill on the orher licence ?

thanks AJW How many of these in norio is it 8 ? Are we now expecting is it the first of these ?

Got a feeling news relareses about to start dropping. And the know how to write them as well

Under 0.4 to buy now. Bargain basement

Whats the value to RMP of the drill ? I know its a bigun

“Strong reserves (of 2.5 MMBbl, gross 2P), and substantial contingent resources (73 MMbbl oil & 626 BCF gas, gross unrisked 2C) provide a strong baseline for the Company’s valuation. The presence of Schlumberger in the neighbouring licence area, as well as historically meaningful analogue fields (Samgori and Ninotsminda) within close proximity with the same basin plays, validates the Company’s geological concept. With a current share price1 of GBP 0.029, and an estimated valuation of GBP 0.092 based upon the 2P reserves, and the Company’s fully-funded 2018/9 work programme commencing, we believe this is an inflection point and the activities and near-term news potential should lead to meaningful short and long-term share price appreciation. In addition to the 2P reserves, upside potential of GBP 0.46 from the relatively low-risk (75% chance of success) contingent resources from the Company’s West Rustavi and Norio projects, Block Energy represents an excellent potential investment with compelling upside across its three assets.” http://www.blockenergy.co.uk/wp-content/uploads/2018/12/block_energy_initiation_report_5_dec_18.pdf

For solo?

Had a small amount for starters today

Fair point ajw , what i like is their way of thinking on dividends

309 page IPO document and strategy, including a view on dividends in the future. The latest RNS targets revenue of $13m from this programme. "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" http://www.blockenergy.co.uk/wp-content/uploads/2018/06/4-June-2018-CL.pdf

Gas to market infrastucture a big bonus Competent Person’s Report for Norio, West Rustavi and Satskhenisi Fields Republic of Georgia http://www.blockenergy.co.uk/wp-content/uploads/2018/05/Block-Energy-CPR.Gustavson-Final.051418.pdf Gas Market: A low-pressure 16-inch diameter gas pipeline runs through the West Rustavi Block, which supplies the City of Rustavi and industrial customers. There are at least two major industrial gas consumers in Rustavi, a fertilizer and a steel plant.

Cheers!

Buying more again

With 15% Wick and 8% Colter drills fully funded and cash in the bank. Sniff of success and this will fly quickly.

Does that mean they are stll on holiday?