Member Info for bobbbyrash

376 + 310 latest info gives approx 686 boepd. We need the sidetrack at B1a to hit another 350 or so then we will have crossed the magic 1k boepd. Assuming oil stays around $100 then all will suddenly be looking very rosy indeed for the remaining 11 sidetracks!

Well done Martin for the astounding shareholder value you are creating. Your success amazes me. Congratulations to you and the board.. time you all got the boot..

https://oilprice.com/Alternative-Energy/Geothermal-Energy/Why-Arent-Investors-Interested-In-Geothermal-Energy.html

"This month Baker Hughes announced an investment in San Francisco-based GreenFire Energy Inc, a geothermal technology company. GreenFire has previously received funding from the U.S. Department of Energy and the California Energy Commission"

"Executive Vice President of oilfield services at Baker Hughes, Maria Claudia Borras, stated: “The combined efforts of Baker Hughes and GreenFire Energy will bring a disruptive presence to the geothermal market, while also introducing new technologies to access geothermal energy from non-producing resources.”

https://www.lse.co.uk/rns/BLOE/block-energy-and-baker-hughes-announce-agreement-theb1uwc9if9f5l.html

"Furthermore, Baker Hughes will assist Block Energy in the evaluation of its portfolio of conventional oil and gas assets and green energy opportunities. Initial focus will be on production enhancement of the Company's mature assets and developing the geothermal production potential across the Samgori, Patardzeuli and West Rustavi fields".

Baker Hughes's Vice President of Oilfield Services for Russia Caspian, Tommy Kassem, said:

"Baker Hughes has extensive experience operating in the Caspian region and deploying advanced energy technology to help customers execute projects more efficiently and sustainably. We look forward to collaborating with Block Energy to support its goal to improve oil and gas production while accelerating our joint commitment to explore new energy frontiers like geothermal energy, accelerating the energy transition and path to net-zero emissions'.

Just something I found that might be of interest to us shareholders!!

@rxdav "Madman: 'It is 4 weeks to the Q1 results and this share will not move until then and tbh dont think it will move much even with fantastic financials figures.' I have to agree with this"
Just shows what you know king basher. , I can't wait for 3p just so you p*as off once and for all. I can forgive MMRob for his pessimism but would not expect anything else from you. Your reply to his post this morning was an absolute pile of garbage. An absolute bash fest. If Bloe is such a dog then do one already and leave us in peace.
Good day for the holders here. Onwards and upwards tomorrow (I do apologise rxdav for my blatant ramp there) .
@EarlofAim keep up the positive posts! Just to annoy rxdav if nothing else.

Mr Bessa must be playing video games or something coz I've no idea what else he is being paid to do. Our 16 well workover program will take 16 years at 1 well a year! Wtf is going on with the production increase??? The last 6 months it should have been absolute top priority to get as much oil flowing as possible. Do we ever communicate with Interoil? Commodity prices have gone through the roof and here the tumbleweed continues to blow. What about getting Campo limite tested and if it ain't commercial then get Monte aymond hooked up and selling gas!!! Talk is cheap and potential is cheap. Maybe it's time for some action? Just a thought BOD if you all ain't too busy on the beach in the Bahamas. Imo.

I think we need to 5 bag to get up to a fair price IMO. It absolutely beggars belief that we are virtually at an all time low share price.

How in the name of God with oil at $111 a barrel are we at this share price? Hello Martin?? Anyone there?? Any increase in production yet?? Wtf is going on??

Dear Mr Hull. You have just been accused on a public board of running a Ponzi scheme.
Definition below:-
"A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from legitimate business activity, and they remain unaware that other investors are the source of funds".
Maybe you can respond with urgency and update shareholders of progress or lack thereof.
Kind regards
A long suffering shareholder in Echo energy!

Are we moving at last? Rxdav won't be happy!

Patience Boffer. As long as oil stays around this price and we can fund the upcoming 12 sidetracks from revenue then here is just a little calculation for investors to mull over.
Say only 6 of the 12 flow at 200bopd each = 1200+our existing 500bopd = 1700bopd x $80 = $50 million a year revenues. If we are still valued at $7 million then I will honestly try to buy the company myself. Sooner or later with progress the sp will follow! Sorry if that is too much ramping for the bash brigade!

So with oil at $95 and going by our production numbers from the start of the year (260bopd) then that equates to $700k a month revenue EXCLUDING all the gas. How the f*CK are we valued at 6 mill. An absolute joke. Hoping for an RNS Monday morning after the increased activity today. Have a good weekend all!

@rxdav " but historical precedence makes me wary and suspicious" sell up and do one then you pr©t. I've never been more confident. . What's the matter? No patience? At least GEO doesn't pretend to be invested. You sly weasel.

Mr market also valued ADV at £50 million 2 weeks ago with ZERO production and therefore ZERO revenue! Mr market must be right !

Patience Tony. Block is in the best position it has ever been in as a company. Sooner or later things will change. Gas from JKT should be connected by now and the update on next sidetrack must be very close!

Not before time. With oil and gas at current prices we should be multiples of current sp. Like abzzba said, it's just a waiting game.

@rxdav 6 posts today and all pushing the negative agenda. Even Geowiz can't get a word in. Bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash yaaaaaaaaawn.

As you say holy, if the next well is a success then we will have more options. PH said we would be going straight back to BA if JK was successful but we will find out soon enough if that is indeed the case or the team have identified a better opportunity for the next well. Have a great weekend all. Things are looking up at last!

@holyroller, good post but I just have one query. You state that "we would need constant success" to continue the sidetracks. Let's assume the next one is successful (and I agree 100% that the next is the most important in the company's history) so we would add approx $500k a month. Let's say from current revenue we are $300k a month positive so we will be approx $800k a month cash positive. So surely we would just need to save for 3 months to fund the next sidetrack and if it failed then save another 3 months to fund the next. If the next 3 sidetracks are successful then surely that would fund continuous drills whether successful or not? I'm not talking about the deep gas drills just the 12 planned sidetracks! Thoughts please.

Guess what folks, rxdav thinks it's going sub 1p. You better sell and do one then you absolute tos*ser. Bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash bash every fu£king day.

He's not been as bad as Leslie Peterkin ;-)