Member Info for Chesh

Nope maxcady.......!

it's to accelerate the development programme......! :)

All the best (you have access to the RNS's don't you....? :()

Talking of revs.......! "accelerate"

"The funds raised provide the Company with additional headroom to accelerate its Project I development programme"

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

JSR-01DEEP is Proj II BTW.....!

All the best (it all helps mind.......! :()

That's a good question maxcady......!

prahaps the crew are still at well WR-B01Za......! :)

All the best (growing the revs even further.........! :()

.....also....!

" An opportunity set of 15 existing vertical wells is being ranked to define the optimal deepening candidates. " all at just ~$100k a pop to produce 45 Bopd (could be more or could be less :) and at one per month I fink I've read somewhere.........!

~45x365xPrice of oil= a lot more than $100k, and with compounding on top=even a lot more than a lot more than $100k......! :()

All the best (that's my equation anyway......:()

that's just JSR-01DEEP BTW......

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

Morning Peeps......!

well said Shed (soz for the rhyme :), and just to add, c.80% of the loan provide by various existing shareholders......!

All the best (It wasn't "right said Fred" in me heed at the time of typing.......! :()

Right allygy12....!

under whelming NDF....... :(

$1m (poss $2m read dat cat..... :() then the $3m farm......!

equates......! in da hud as possy $5m........ :)

All the best (I don't fink it's the NDF either bro......! :()

....but, that wouldn't be within the rules of AIM maxcady.......!

or, morally right.......! :)

All the best (would it.......? :()

aye maxcady......! :)

"will be self-funded from the cash generated from operations"

The self funding route, as you suggest, does not mean an equity raise is pending.....!

All the best (specially after a secured loan facility........! :()

2.10p Full Ask paid (small mind) trade........!

Investors in @12p .........! :)

All the best (somethings happening here, bout time an all.......! :()

No news as I can see Tro...!

I look forward to ya "blue" call ........! :)

All the best (good luck......! :()

Farmers might care Sharegar........!

Fertilizer......... :)

All the best (Batteries after given the go ahead in Togo.......! :()

ermm.......?

something leaked........ :(

All the best (WTF......! :()

Thankyou Piscator......!

"Comment: It is interesting, and perhaps an indictment of current stock market conditions, that Block decided to go “in house” regarding this latest modest funding, rather than asking the stock market. But the fact that it has gone down this route, may mean that progress at Project I, could lead the shares higher in coming months."

Perhaps Zak is not clued into the NDF acronym Vs Equity raise..........! :)

All the best (I hope he draws some lines through 2p........! :()

Schrody......!

Would a share issued to participants not have been dilutive.........?

Is the secured loan non dilutive..........? Negating warrants @1.7p obvs........!

Salaries for share is accounted for, see https://www.blockenergy.co.uk/investors/significant-shareholders/

Minimal dilution TBF over the last 12 months, 12m shares instead of 120m on this one https://polaris.brighterir.com/public/block_energy/news/rns/story/w13z71r

All the best (good work I say.........! :()

Fanks for clearing that up Schody........!

All the best (did it hurt.........? :()

It may look that way bitsas004....!

However, I don't fink it would take 6 months to organise the NDF debt funding for project I from " various existing shareholders and members of Block's management team ".....!

So... still negotiating at an "advanced stage" ........?

All the best (or is this it plus the $3m farm .....? :()

Sorry. not "there's c.$2m from asset sale also"

there's c.$3m from farmout agreement also........!

All the best (1.7p warrants is poss a level to beat.......! :()

Morning Peeps.....!

Schrody, your point #2. Is the wording not that the quarterly repayments are the interest only, and the principle loan is repaid in full after 18 months....?

All the best (there's c.$2m from asset sale also ......! :()

Yep Shedulike.....!

and as holders get "increasingly jumpy " so the MM's and trolls will.......!

All the best ('ve a good W/E, let's let 'em do their job........! :()

Cute........! :)

All the best (If ya can't answer it, just say so hun......! :()