Member Info for Chesh

Schrody........!

in your house Vs bankruptcy scenario, isn't the "Employee Benefit Trust" equivalent to cash in the bank savings.........?

All the best (just ask'in.........! :()

Fair point maxcady.....!

looking at the time line though, the drill rig moved from JSR-01 DEEP to WR-B01 ST on completion of JSR......!

We do have the "Company's recently upgraded A-80 service rig for an initial well-deepening programme across the field (with average costs per deepening operation anticipated to be in the USD 100k region)" .........! but the crew......? :)

https://polaris.brighterir.com/public/block_energy/news/rns/story/w6z2k7r

All the best (concentrating on WR-B01 ST I reckon..........! :()

Afternoon Peeps.......!

Schrody..... all ways a pleasure......! :)

2020 seems the most dilutive year 394.4m to 614.5m shares, before my time here but I'm nearly 1 and half years old now ya know..........! :)
2021 no so much, 614.5m to 652.7m shares in issue and everyone should pay particular attention to 15th Sept '21 issue....."the Company issued 24,877,230 Ordinary Shares at their nominal value to the Employee Benefit Trust"

https://polaris.brighterir.com/public/block_energy/news/rns/story/w31qn2x

All the best (near the bottom, section 19...........! :()

Gerry probs has.........!

but Dr Nigel Burton can't, without notifying the market.......!

All the best (once he's he's gone he can offload his c.7m shares.......! :()

Thankfully, Nigel Burton (the good Dr) is only temporary CEO over at DVRG.......!

he has history..........!

All the best (below is just one.....! :()

https://www.lse.co.uk/SharePrice.asp?shareprice=AXM&share=Alexander-Mining

Morning Peeps.....!

We were an ickle bity spoilt wiv the tweets ROCKLAWN eh........!

The next one I expect, will be packing away the drilling stuff, and then another to update us on testing........!

All the best (other than that, they'd all look the same ATM......! :()

The above would be RNS'd also IMO.....

Yep.........!

"to accelerate its Project I development programme, with the aim of increasing near-term cashflows, without the need for dilutive financing"

https://polaris.brighterir.com/public/block_energy/news/rns/story/xj9pg1w

All the best (don't forget 20/80 split.......! :()

yet when we do meet results, and they are good..........! ;)

All the best (correct on the self funding BTW......! :()

Waiting on results ROCKLAWN.......!

Which MM are you referring to Patpill.........?

All the best (I see one swapping shares to themselves.......! :()

We shouldn't ignore the cost though........!

Not 120m share options but just 12m exercised and into sticky hands with Jindal Petroleum IMO.......!

"This is very good news for the Company and shareholders in Block. The result for Block and its shareholders is a significant gain in value and reduction in dilution, both contributing to our continued commitment to maximising value, for all shareholders, whilst we advance through our 3-project strategy."

https://polaris.brighterir.com/public/block_energy/news/rns/story/w13z71r

All the best (no for free, but near as damn it.........! :()

ugh.......!

$10m and a current Mcap of £8m.........! :)

All the best (1.5p to 2p in the bag............! :()

Thanks OscarGolf and Shedulike, something I've never done but will look into......!

Schrody, always a pleasure.......! :)
1. My thinking
2. that would constitute an event significant enough to warrant an RNS update
3. Un sure as to rules, but I fink Shedulike stated yesterday that previous form has been to notify of drill end and test start.........!

All the best (we still wait regardless......! :()

Morning Peeps.....!

Thankyou OscarGolf, good spot......! in order to move his shares from one account to another, wouldn't Alastair Ferguson have to sell and then buy back into the new Nominees account similar to a Bed'n ISA transaction......?

All the best (I care......! :()

OscarGolf........!

I'm not overly concerned by the lack of coms from the "Scottish contingent" TBF.......!

They'll have to officially notify at some point fosho, but why their off the list is beyond me........! :)

All the best (AIM rules eh........! :()

on top of dat OscarGolf........!

for anyone who is not aware that the Salary sacrifice for shares scheme is accounted for.......!

"Intertrust Employee Benefit Trustee Limited as trustee of The Block Energy plc Employee Benefit Trust"

https://polaris.brighterir.com/public/block_energy/news/rns/story/wv1v00w

All the best (here ya go.........! :()

and long may it continue......

Not forgetting this fall from grace either OscarGolf........!

https://polaris.brighterir.com/public/block_energy/news/rns/story/xz75j7w

All the best (I look forward to the next x2 TR1's........! :()

Actually Shedulike.....!

Thinking about it, the pipes on the radius (curve) will be replaced by new pipes as the drill progresses, therefore the mechanical strain is shared along the length of the drill shaft....! :)

All the best (wouldn't it.......? :()

Yes Shedulike........!

but just from a engineering point of view, the drill is driven from the surface and has now changed direction by c.90Degs, so the drill pipe (shaft) is now under a lot of mechanical strain, so it would IMO be sensible to lower the torque, and then drill progression.....!

What we don't know is the horizontal distance required from the vertical either........!

All the best (testing times.......! :()

Yep OscarGolf........!

" Block Energy PLC on Monday said that Alastair Ferguson now owns a 5.9% stake in the company." c.2019 this......!

All the best (also missing from the list........! :()

I'm going to assume, as I'm no expert, that post direction change from vertical to horizontal (the radius) that the drilling has to slow down due to the c.90deg curve (and hence mechanical forces induced) on the drill pipe.......!

All the best (like I say, no expert......! :()