Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Exactly grower. The sky is the limit or even Jupiter now. Plenty of free cash to fund the drills which will provide more cash for more work. We have hundreds and hundreds of millions of dollars worth of oil and gas under our feet and it feels now like we know how to get it out. I feel some major partnerships coming up very soon. I also am the most positive I've ever been about block now. Bigboffers 50p will be hit one day in the coming years in my opinion. Good update Monday morning and we should be up to 3p at least. This current sp is an absolute joke for our current revenue generation and massive potential across our licences. It's just a matter of time :-)
About time we started effing moving up. Earth to Martin. Anybody there? What about these fantasy workovers? Aaah sorry I forgot you are busy creating shareholder value.
The last Q results were released on the 16th Jan so if not in the morning then should be Monday.
Hopefully later today. Maybe ops update in the morning.
I think we all know with further drill success this is going to 10p and beyond. We are only at the start now.. let's hope for a busy year with multiple projects on the go and new partnerships being formed. Like a few have said, we should be 4p now at least!
Excellent news today and looking forward to Q1 update possibly tomorrow. Looks like little old Block is becoming an important player in the region. The sky is the limit in the next few years! Onwards and upwards!
https://oilprice.com/Latest-Energy-News/World-News/Turkey-Says-Its-Black-Sea-Natural-Gas-Discoveries-Are-Worth-Over-500-Billion.html
Is that anywhere near block? :-)
Also PH did say in a recent interview that they already had the long lead items for a further sidetrack after B1 so hopefully it's all ready to spud and already more or less paid for. Tomorrow 7am I'll be checking in .
Rlightor, I'm just talking about the oil not including the gas. Looking forward to Q1 update Tuesday morning! Or soon thereafter
We were averaging about 300bopd in Q4 plus the latest well with 247bopd so about 550bopd I make it . Plus gas obviously.
That's why I'm here grower69! :-) hopefully positive Q1 update Tuesday morning.
My 30p recent share price prediction isn't looking so far fetched now is it? Just a matter of time!
I've noticed maxcaddy has disappeared since the good news started. Also no comment from patpill. Funny that!
This last well result was massive for us. Not for the individual result but that it gives us the financial breathing room to grow the company. If they have learned about the geology and can replicate the success with the upcoming drills then I'm sure the sp will accelerate big time. Monday mornings RNS was a massive relief for all us shareholders and although progress has been painfully slow the last few years I think we are now primed for a rapid increase in news flow and company growth.
Rocky I would say about 30p. 200million market cap plus. Easily achievable with more production and proving up the huge gas resources. Just hitting 1000bopd will give us nearly $30 million a year revenue. Other companies have reached 400m - 800m market cap on a discovery alone (not naming any names) so I fully believe 30p + will happen here once the development plan progresses. Onwards and upwards block!
So looking back to Q4 ops update we were producing an average of 300bopd and we've just added 240bopd so excluding all the gas completely then I would say a company producing 540bopd and zero debt should be worth considerably more than £8m market cap. Add on the gas production and hopefully the next successful well in due course then there is absolutely no doubt in my mind that Block is on the way to being a mid cap player in the region. Just a matter of time! IMO. Looking forward to a great year now and sooner or later we will be on everyone's radar!
I would expect next Tuesday for Q1 update. Hopefully they announce the end of Q1 production figures along with the average. News on the next well spud date and an update on the recent farm out news. We've just added about $6m USD annual revenue with this latest well on top of existing production and yet we are still at this sp. I agree we should be 3p minimum NOW!!!!
https://youtu.be/FtRzDpZoFgw
And just to remind everyone and for the people who haven't seen it yet, don't forget how much gas is there! It's HUGE... Block energy has a bright future now!
Are we now seriously undervalued as a company with our production and assets and partners and infrastructure and potential or what????
Well said staypositive!