Member Info for Chesh

In short Onbeyondzebra.........! :)

on success at Itumbula West-1, a raise would be at a significant premium to the current SP........! :)

All the best (dontcha fink........! :()

Turtley agree joe..........! :()

and if/when Itumbula West-1 is a commercial success, well then it's double bubble IMO for a low cost re-entry back at Tai-3........! :()

All the best (hammer and chisel should be enough......! :)

kidum in the above brackets BTW...

From the May'23 final results RNS..........!

https://polaris.brighterir.com/public/block_energy/news/rns/story/r77p5zr

"Project III

Project III exposes the Company to a large undeveloped gas resource within the Lower Eocene, Palaeocene and Upper Cretaceous reservoirs of licence blocks XIB and XIF. Work throughout the period has focused on internal resource auditing, producing a conceptual development plan, negotiating long-term gas sales agreements with the state of Georgia and scoping out facility requirements to handle a plateau phase one production rate of approximately 30 mmcf/d rising to 60 mmcf/d within 18 - 24 months.

The appraisal and development plan will kick off with the side track of the PatE1 well. This well is in close proximity (c. 8km) to the state-owned Samgori South Dome Underground Gas Storage Project (SSDUGS). The $290m Government-backed project is designed to store approximately 300 million cubic metres of gas, equivalent to roughly 15% of Georgia's annual consumption. To date, the State has assigned €150m to the SSDUGS. Success at Project III will see Block deliver gas volumes to SSDUGS, the growing domestic gas market and/or export to Europe via the southern caucuses pipeline."

All the best (PAT-E1......! :()

https://www.blockenergy.co.uk/wp-content/uploads/2023/12/black_sea_dec_2023.pdf

:)

"kings language"

Thanks Joe/Skippy, appreciate the recall......! :)

Right or wrong, it is what it is, and end of the day the well is still a low cost potential to commercial He........! :)

All the best (after the success of the current drill obvs.......! :()

In order to further answer your question Sarah.....! :)

Interim Results for the Six Months Ended 30 June 2023

https://polaris.brighterir.com/public/block_energy/news/rns/story/wv942zr

Total production of 96.4 Mboe, comprising 75.3 Mbbls of oil and 21.1 Mboe of gas

Oil sales of 51.4 Mbbls with revenue of $3.45 million

Gas sales of 88.0 MMcf with revenue of $0.48 million

All the best (we get it out, and then sell it........! :()

oh and this is in there too.........!

"Signed MoU with the Ministry of Economy and Sustainable Development of Georgia, supporting the concept of long-term gas offtake of resources associated with Project III."

Morning Peeps......!

joe80, as I recall - they stopped short of (the new) TD and hense didn't enter the trap, which is where the good stuff is........! :)

this was due to mechanic failure of the rig.......! :(

I seem to remember that the lining of the well was a struggle, and acheived with an ad-hoc/manual approach, but needed doing to re-enter and then break that He trap seal in the future........! :)

All the best (bit gobbledygook from me, but in laymans terms......! :()

"The combination of these candlesticks sends a satisfactory signal of an uptrend development. Oil is expected to retest resistance at $75.27 either on Friday or early next week. A break could lead to a gain to $79.09. "

https://deal.ig.com/web-platform/#/tearoff/news/20240119-nL1N3E903X

not confident that the link will work......!

but oil could be heading to c.$80 pb......! :)

All the best (which is nice........! :()

.....and to answer your question further Sarah......! :)

https://polaris.brighterir.com/public/block_energy/news/rns/story/xooo0mx

"1 TCF contingent resource identified by Block's subsurface team and supported by internal contingent resource reports."

obvs a potential JV partner would like to see an indepentant CPR before joining us for future riches dontcha fink........! :()

All the best (always happy to help......! :)

Morning Peeps........!

Block already has it own "Internal Contingent Resource Report, 2022" and the Independent CPR is in progress according to the website........!

https://www.blockenergy.co.uk/projects/project-iii/

the Independent CPR was signalled to be completed by the 7th Jan (Georgian Christmas)

Sarah is asking if Block are obliged to release the results of the Independent CPR......!

Answer is, if the results are significantly different to our own internal report then Yes, they should be released, however if they agree with our own internal report, figures we already know, then why.....! :)

The CPR is for then benefit of the potential JV partner, not us........! :)

All the best (be great if the numbers in the CPR are bigger eh........! :()

Just x1 week.......!

don't forget.......! :)

All the best (god has spoken something..........! :()

You probs need to look closer at Ms Sarah Cope pubesz......!

massive hairy bush, not trimmed, doesn't care........! :)

All the best (springs to mind........! :()

Only x1 week until Phase 1 Guercif rigless well testing Hartlepoolbob.........!

which is scheduled to commence before 25 January........! :)

All the best (fingers crossed eh......! :()

" The Vice Prime Minister emphasizes that China is a strategic partner of Georgia, and the dialogue between the countries is ongoing on the implementation of very important, strategic projects - where Chinese business can play an important role, and this is very promising for the economy of Georgia."

and a reminder of...

https://georgianjournal.ge/business/37971-gas-field-with-8-year-reserves-found-in-georgia.html

All the best (ya welcome..........! :()

X6 MM's lined up above the Bid wanting stock in Vol Flightman.....!

doesn't tie in wiv ya theory tho..........! :()

All the best (You'll see later........! :)

I bobbed off mannnan......! :()

but 21's gettin hammered again, x3rd time ....! :)

All the best (it's PEEL on 21 an running out I see.......! :()

.........but his shell is tuff.......! :)

I just wanted to reply mcadder....!

All the best (it probs isn't tuff at all.......! :(

Humpff........!

short lived, but 21's gettin some interest ATM I see.........! :)

All the best (more blue to come I reckon.........! :()

That she is true.....! :)

All the best (she Blue Tro........! :()

Perhaps a presentation by CNPC, the Chinese state-owned integrated energy group......!

that would be something eh.......! :)

All the best (an a great handshake pic op.........! :()