Member Info for Danielm89

BLOE

Total NAV of 18.4p/shr includes no value for contingent resources, or exploration

opportunities. Once the company is in a position to include firm plans for appraisal and

exploration activity (financed by cash flow, farm-out etc.) these can be added to our valuation

and target price, potentially triggering significant upgrades.

this was 2023

1.4 looks empty now 🤔

Getting a little stupid this now nt for 2 hours

Still nt

Been nt to buy about 90% of the day

Nt

250k max 1.35 on ig

1.35 empty now

Nt for an hour

Completely nt now

150k then nt

Loving this steady rerate

Project 1: Block’s own internal forecasts suggest that under the full field

development scenario, production from West Rustavi is anticipated to continue growing over

the next seven or eight years, peaking at rates of over 3,000 bopd

project 2:Block has identified around 50 wells with

potential for re-entry and sidetrack, with a view to draining the voids left between production

wells. Because they are re-entries, drilling costs are expected to be modest, and well paybacks

fast. Accordingly, after a few successful wells the infill drilling campaign could quickly become

self-funding, with Patardzeuli effectively becoming a second development hub within Block’s

portfolio alongside West Rustavi. While group production is still modest, Block’s focus is on

Project I development drilling (i.e. the West Rustavi/Krtsanisi field). However as cash flow

builds, we expect Block to start to allocate capital towards Project II development drilling.

Total NAV of 18.4p/shr includes no value for contingent resources, or exploration

opportunities. Once the company is in a position to include firm plans for appraisal and

exploration activity (financed by cash flow, farm-out etc.) these can be added to our valuation

and target price, potentially triggering significant upgrades.

this was 2023

· Project IV (XIQ) farm-out remains on schedule, with positive feedback received from governmental authorities.

· Project III farm-out negotiations advancing with multiple third parties.

· Project II subsurface and redevelopment planning progressing in line with schedule.

· Project I well KRT-39ST drilled safely, on time and within budget, marking the first successful application of 'slim-hole' drilling technology in Georgia.

Multi-field development programme enabling rapid scale-up

§ Common appraisal and development approach to all fields

§ Four well pilot programme delivers 30 MMCF/d

§ Scale-up according to proved reservoir deliverability to manage

risk, with initial potential of 100 MMCF/d rising to 200 MMCF/d

with additional drilling

§ Reservoir management intervention tool-kit: multi-lateral holes,

side-track holes, hydraulic fracturing, deliquifaction, extend

plateau to 2048 in mid-case, recovering over 1 TCF gas

§ Design concept for facilities complete based on SLB concept

selection work

Strong demand for gas in Georgia - MoU between Block Energy

and Georgia’s Ministry of Economy declaring the project

strategic and supporting gas offtake discussions

§ Strong gas prices based upon Azeri gas pricing from Shah

Deniz, exported to Turkey and Europe

§ Successful development of electricity export projects from

Georgia to Turkey, and planned project to Romania

§ Access to excellent infrastructure (pipelines, rail, road, ports)

For 2026, Azeri gas prices from the Shah Deniz project are projected at approximately $440 per 1,000 cubic meters ($12.46 per MMBtu) for state budget calculations. In contrast, US natural gas prices, generally determined by Henry Hub spot prices, have historically been significantly lower, often trading below $3-$5 per MMBtu.

Plenty of news to come

Project 1&2 drill plan and execution

Project 3 JV formation and drill 330mmscfd (£1b per year 😂)

Project x JV forward plan ($95m free run)

Ccsu funding fid and JV execution

Also new ventures have been stated a few times on rns

With oil price where it is I have us at an extra $3-5m cash flow generation per year

Could do a lot of drills with the slim technology with that

Moved up

The update 👇

https://x.com/theunsophistic2/status/2038891168587554936?s=46&t=4s-AQzZhMmeWz3Ire1AEsA