Member Info for Croasdalelfc

Mirabaud starts with 'buy'
“Furthermore, with shares trading at c.70% discount to our 35p/shr Target Price, we see considerable scope for rerating in the near term.”

An email to the company confirmed: that Well 16aZ - has flowed on and off given storage restrictions since April 17th.

Writer, and blogger on Stockopedia and TMS on twitter

CEO will be updating the market very soon and we have a Q&A interview lined up - coincidence ? I don’t think so https://twitter.com/eliasjones01/status/1142059308110295041?s=21

Rustavi Gas Distribution Station is under construction

https://twitter.com/BlockEnergyplc/status/1138720149010354176

https://www.gogc.ge/en/article/a-new-gas-distribution-station-will-be-built-in-rustavi/446

I tagged @blockenergy on twitter - so they must have spotted it and pulled the data off website until TR1 issued

Yes, they have changed it! I announced it before the TR1 by the looks of it , I have a screenshot , my photoshopping ain’t that good!! TR1 in the morning then....

I guess Dean Antony Clarke's 10m is not notifiable as it is below 3% now - after dilution

New Sticky Institution At capital take 17.2m shares

http://www.blockenergy.co.uk/investors/#shareholder-information

But Dean Anthony Clarke and his 10m has disappeared from the list.

Paul Haywood and Niall Tomlinson have taken 490k each.

http://atcapital.com.sg/about_us.html

Looks like all went to Georgia Oil and Gas : anyone else care to try and translate https://www.facebook.com/1416847798539016/posts/2627827877440996?sfns=mo

Has also increased his position in May 15.9m to 17.1m

After hours - maybe a buy - maybe a sell

Dean Anthony Clarke and Alistair Ferguson have added approx 2.9m shares according to differences in share register between presentation dated 3rd May and register on website dated 23rd May

Just remember that oil price is $73 and figures are done at $65 . The company is raking in the cash - or soon will be - clarity on actual production should come soon . Any delays to further drills should give rooming room to:

Organise and start 3D siesmic
prepare drill pads, x 3
increase production /storage ,
sort out rig contract,
sort out oil offtake export,
prepare for the gas offtake ,
conclude Norio workovers
prepare Norio sidetrack
possible new licenses

there is no pause for breath , the company works hard and is a lean machine

Basically if share price stagnates its an opportunity to top up - my remaining shares are free 750k of them - im happy to hold until the share price equates to a mcap of circa £100m or 25p

We are in the process of piecing together a full operations update ...

Block have already given a subtle hint as to the export route for oil : The BTK railway. They tweeted it a few weeks ago.

It runs through Rustavi to Baku

Some translations say New Ventures Inc , don’t think it matters too much - I’ve asked the question to Paul as to whether this has impacted a delay to Well 38 - it was amongst a series of questions - his reply was - the ops update would answer all my questions

Ian

AJamesW - do you know anything about this?

https://drive.google.com/drive/mobile/folders/1zhc1uP5WOFvGSn4NMmUyT-7AO8bNtiTY

I had it confirmed on Friday that a full ops update would be given via RNS shortly.

Imo: the placing was brought forward due to the leak by Novum. Novum was effectively sacked. Also imo the placing without a leak would have included a more comprehensive update with possible info on signed offtake agreement with Bago, plus more detail on timescales and the like.

Info in the placing circular was relatively scant and im sure the bigger picture will arrive soon.

I would urge any lths to attend the meeting on 4th June. Paul is very open and honest and will answer questions which are not price sensitive but would give background details. I met him back in Feb at the investor lunch and have asked for a conference call or another lunch for investors sometime in the Summer.

Unfortunately I am working in Italy on the 4th.

The 7 Blocks out to tender that closed on April 10th: I’m not sure but I think the size of the Blocks have been changed around over the years : https://www.interpressnews.ge/ka/article/525635-sakartvelos-ekonomikisa-da-mdgradi-ganvitarebis-saministros-ssip-navtobisa-da-gazis-saxelmcipo-saagento-gia-saertashoriso-tenders-acxadebs/