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I am guessing we could see a BTC purchase this week and at today's prices that would bring down the total average purchase price.

No problem at HL.

Will Block increase there share of the Project 4 Licence X1Q?? - 365 days runs out this week!

""Option 2: The right to acquire an additional 12% (for a total of 22%) within 365 days, or 90 days post farm-out, whichever is sooner. The consideration for Option 2 will be aligned with third-party farm-in terms.""

Retail will have bought quite a few on Wednesday on the open market - You could buy on Wednesday morning at between 9.75 - 10p and some will have paid over 10p later on for simplicity or if they did not have access to the wrap process. Number of share traded on Wednesday was 1,633,254 - Number of share taken up through Wrap offer = 947.000

Daniel, I think you you have forgot to subtract State of Geogia's share - Block do not get to sell all the oil that they produce.

Oil sales after extracting State of Georgia's share:

Year End Dec, 23 - 151,185 barrels produced -106,000 barrels sold - $7,413,000 revenue

Year End Dec, 24 - 131,759 barrels produced - 97,961 barrels sold - $6,678,000 revenue

Half Year Jun, 25 - 66,400 barrels produced - 49,900 barrels sold - $3,020,000 revenue

Gas sales:

Year End Dec, 23 - $953,000 revenue

Year End Dec, 24 - $855,000 revenue

Half Year June 25 - $360,000 revenue

Did not mean to post twice - thought my first effort had not gone through but was looking at wrong board!!

10 months ago SWC and COIN were about to commence their BTC acquisition trail.

SWC & COIN currently have 2695 & 182 BTC respectively at an average purchase price of around £82,000

STAK currently have 31 BTC but an average purchase price of just £53,226 each.

It looks as though STAK will be purchasing more BTC in the very near future at a very attractive price to keep their average down

I had a very good run with COIN last year, hoping for something similar here.

10 months ago SWC, COIN etc were about to start their BTC acquisition trail.

SWC now hold 2,695 & 182 BTC respectively but at an average purchase price of around £82,000

Stack currently hold 31 BTC but at an average purchase price of just £53,226

It looks as though Stack will be purchasing more BTC very soon keeping their average purchase price well below the others.

Interesting times ahead.

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Spot on Shed - EXCUSE - IMO it was done so as not to draw attention to the very modest flow figures from the then recent WR34Z well - I suspect something similar is happening with the non reporting of the KRT-39ST flow rates - Final Results including overall production figures for year end Dec 25 should be announced sometime prior to 30th June.

Oil sales after extracting State of Georgia's share:

Year End Dec, 23 - 151,185 barrels produced -106,000 barrels sold - $7,413,000 revenue

Year End Dec, 24 - 131,759 barrels produced - 97,961 barrels sold - $6,678,000 revenue

Half Year Jun, 25 - 66,400 barrels produced - 49,900 barrels sold - $3,020,000 revenue

Gas sales:

Year End Dec, 23 - $953,000 revenue

Year End Dec, 24 - $855,000 revenue

Half Year June 25 - $360,000 revenue

Current Oil & Gas Sales:

The last six monthly production figures available were 483boepd (i.e. including the gas - not bopd)

Oil sales for the same six months were 49.9Mbbls which averages out at a lesser figure of 274 bopd

This is because firstly you have to subtract out the gas element which sells at a much cheaper rate.

Secondly you have to subtract out approx 25% of the oil produced.as this is the State of Georgia's share.

Just looked at the "Unlock Shedule" on the "Coinmarket" link.

"Founders" tokens are currently 1B increasing to 2B over 3 years

So I am assuming Coin currently has 25 million vested rising incrementally to 50 million over the three years.

Anyone agree or disagree?

Yep - Brilliant question and one that I had already asked myself - I am afraid I don't have an answer but did Block have something in mind when they negotiated the option??

GB - I think it is 3 months for half year reporting and 6 months for full year reporting.

Anyway, 27th March or thereabouts, will be the interesting date i.e. will Block increase there share of the Project 4 Licence X1Q:

""Option 2: The right to acquire an additional 12% (for a total of 22%) within 365 days, or 90 days post farm-out, whichever is sooner. The consideration for Option 2 will be aligned with third-party farm-in terms.""

Greybadger - If they follow the pattern of 2024 & 2025 all we will get is the Final Results during May or June and I doubt if they will announce any site specific flow figures for KRT-39ST now - I suspect all we will get is the total production figures for the year.

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Agreed HawaiiFive0 but with regard to the strategy I would say it is evolving rather than changing.

SM - Don't worry your little head over it.

If you checked you would realise they had a fund raise in November so there is money in the kitty.

The next phase of the CCS project will probably be part funded by Rustavi Azot

Project 3 and Project 4 farm outs will be funded by the farm in contractors.

Current Oil & Gas Sales:

The last six monthly production figures were 483boepd (i.e. including the gas)

Oil sales for the same six months were 49.9Mbbls which averages out at a lesser figure of 274 bopd

This is because firstly you have to subtract out the gas element which sells at a much cheaper rate.

Secondly you have to subtract out the oil that goes to the State of Georgia which is around 25%.