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...with new signing.

After watching the proactive investor interview a few more times the potential upside here just looks amazing...yes yes I know that word potential but jesus what more does an punter want in a AIM oily? Cash in the bank...no debt... production bringing in over 1m a month which is going to increase very soon... more wells planned.. acquisitions planned... II backing... update on reserves which is definitely being revised upwards.. The Georgia Gov delighted we have doubled their countries output.. best well in 30yrs...

…. I wont go on anymore but come on market wake up!

….. wouldn't surprise me to see this well back onto the 15's today.... I still think we should be @ mid 20's at least

….momentum gathering pace...still way to cheap here and people are finally realising it

I agree top loader...within say 2yrs from now we could be @ £2 if we have the same success.... But that's in 2yrs... 70p right now would be considered a cheeky offer by some.... But a cut your arm off offer by many I'm sure.

Aahhhh Dana Pet... I remembered it well...mate of mine made a small fortune compared to me but still a joy to see.

If there is a major looking at what we are doing there is no stopping an uninvited offer...if they think the potential here is worth a closer look and the company is still in fairly early stages like us who's to say a tempting offer won't land on PH's desk? If we have more success in the next few months...massively revised reserves....mind blowing CPR...why would a major want us???
As Shrewd as PH comes across every man has their price...... How many here would turn down say 70p right now?

I thought they were trimming down the staff count not beefing it up?

It's the most probable I'd say RBT.

Dana pet was a great example it just went through the roof....a few times!!

Not to sure how PH came up with those numbers but that's what he said in the PI interview yesterday... Im sure he did say $60 was the price as -10 discount to Brent... I don't think he threw in Gas revenue as well.... or perhaps it was an average price working upto the 1500bpd... In any case is all quite loose as any aquasitions he makes that are producing could add 1000's to the count .....all looks very promising indeed.

in 6-12 months up to 1500 bpd = $1.5 - $1.7m per month....and then there is the gas!

….. my guess is by christmas

PH just said "summer" in the interview...but we know he plays his cards close to his chest and likes to under promise and over deliver. If you watch the proactive interview which I linked in this morn there are plenty of possible RNS's that could drop in... in no particular order... Storage capacity increase upto 5000bpd which will allow us to open the taps @16 increasing our monthly income revenue... they are looking at acquisitions....increasing acreage… an upgrade on reserves as last CPR is 3yrs old..... seismic tender up for grabs... his phone is ringing off the hook form other O&G companies wanting a slice of Georgia.....Accelerating ops 5 fold with II's piling in and over
subscribed... have a listen.

https://www.proactiveinvestors.co.uk/companies/stocktube/13424/block-energy-targeting-1500-barrels-a-day-by-end-of-2019-as-georgia-exceeds-all-expectations-13424.html

PH said news on increased storage in weeks not months...RNS 17th Apr said terms have been negotiated subject to contract so a month gone already so ink on contract nearly dry and ready for presentation.... anytime now.

After todays TR1 I'm expecting a few more of I'm honest.... still way under valued considering what's lined up over the next few months.

It leaves as our taste to say the least..especially after giving some employees the boot altogether. A nominal 25% gesture would of been what I expected.

...on the leader board...... I'm sure we will frequent that board quite a lot over the coming weeks.

Most of these companies are priced on assets and potential future earnings.... both look spectacular here... 50p is my very conservative price point for end of this year..could be much higher if storage problem sorted... 38/30 come in like 16... and we make a excellent strategic purchase.... oh and the very real possibility of Major buying us out and taking over before we hit mid tier status.. which at this rate wont be long!!!

Cheers AJW ...I was referring to the 8 who jumped in at the placing which PH mentioned in the interview

Looks like a 100k buyer mopping these up at any price...don't blame him BLOE has everything going for it...plenty of cash in bank and monthly income which will just keep growing.... 8 institutions showing confidence... over subscribed placing was nice to hear so those who lost out now getting in before next news and 30% jump...more drilling very soon and a busy PH taking calls from many other companies who want a slice in Georgia... it really doesn't get better than this.

Back towards day high...bodes well for tomorrow...maybe another RNS has been logged?

Bigbench TR1 50% breached! ;-0

back to 17 come Friday...news next week maybe Tues after the bank Hol…. to be out is madness imho