Member Info for maestro1

ADT1

PH in Total Market Solutions interview is saying they are getting interesting data from well 16a which they are drilling.

I would love it if they get over 600bopd from this well alone. Next 2 weeks interesting..

https://total-market-solutions.com/2019/02/11/block-energy-ceo-interview-2/

Dean anthony ckarke, 3%

Transitman

I dont think they are having problems in 16a well, PH has been very active in giving interviews. Hes very bullish on the workovers.

James

depend which interview you watch, in one he would say they are 3/4 through, in another very close to td, in another may get news on 16a before the financial results which is by the end of the month. I think this week we may get results.

Bloe plan to drill a horizontal well in norio also which they think will produce at least 100bopd.

I think the mkt is totally ignoring this one, our local partners have got shares at 4p for us to get all the share in WR.

why has zen fallen so much?

Do they need funding? The have decent portfolio.

JRLomax

All the infrastructure is in place they can sell the oil as soon as they produce.

This looks like a fantastic company, lets see what the workover well 16a brings in, im guessing some news next week.

The things is the Ninotsminda oil field which is very close Rustavi field had aging verticle wells, sidetrack wells were drilled horizontally into the wells and the rate of production increased from 50bopd-1700bopd+.

Rustavi field is the company worker, phase 1 to get production to 900bopd is fully funded. They expecting to do phase 2 by using the cashflow achieved from phase 1.

Hoping for some news next week.

https://twitter.com/Unlucky_Dude2/status/1106552427157835777?s=19

http://www.blockenergy.co.uk/wp-content/uploads/2018/12/block_energy_initiation_report_5_dec_18.pdf

In addition to the 2P reserves, upside potential of
GBP 0.46 from the relatively low-risk (75% chance
of success) contingent resources from the
Company’s West Rustavi and Norio projects,
Block Energy represents an excellent potential
investment with compelling upside across its three
assets.

We believe the disconnect between our GBP8.7 million market cap and the US$39.3 million NPV10 assigned to our 2.5 MMbbl 2P gross oil reserves alone is unwarranted, particularly as this does not take into account the 2C gross contingent resources of 72.9 MMbbls of oil and 626 BCF of gas across all three of our licences. We are confident this valuation anomaly will soon be closed as results come in and with this in mind I look forward to providing further updates on progress."

Why would someone dump such low price if good news is due, surely can sell higher price.

?

one thing you must know, if there was an intention to return the license there would be heavy buying.

I dont think the licenses will be returned, state theft as usual in asian countries.

your ramps not working, if you purchased at 2p you are crazy not to sell.

they have screwed up many companies in the short term.

i think this is a very good asset, surprised its this low.

i was very bullish here, was prepared to take the dilution to drill the well but idien said they will drill by dec 18 and then he said by end of q1 2019, still hasnt happened.

He goes on about how grea this is with being few miles from a producing well in the past.

As you can see with rmp having a commercial well nearby is no guarantee of success.

Idien needs to go.

i thought they would have the results by now.

magic

you still here, forget it this company is cr@p, Bell should resign.

From RRR, i stay away then. :)