Member Info for MB11

Empire well placed in WA

Plenty of news flow to come and side by side gold price into strength

Increases the news flow also with two projects, you can mirror the work from Eclipse then in Menzies

The Central Menzies Gold project is a great fit and will compliment the work stream at Eclipse

With Shaun Bunn as MD and Mike as NED we have a strong and experienced nucleus, watch this gain momentum back in a few weeks

Gold gaining strength for a run

I has been 2 weeks since this statement on new CEO

This will be a key appointment and will bring it to life, CEO will want to hit the floor running and get the company moving

19 April company statement.

Our genesis as a value-driven Australian-focussed resource company will be cemented on the appointment of a new CEO, which we anticipate in the coming weeks, as we look forward to what we believe is a very bright future in this region.

Stock getting tight now, not much on full ask

Both these and its back into the 4s, Georgia and CEO

EclipsE then has some big high impact news flows which takes this on a proper journey upwards

Gold pushing higher $1785

Its all lining up nicely for us here.

Through $1800 next week and then to challenge next resistance $1849

Tagging $1780

Heading for $1800

Buy limits just dropped, lets hope there is a big Empire RNS logged for Monday to set up a great week with the gold price alongside.

Hopefully the news floodgate opens next week, with the price of gold it could be a perfect storm from this £8m.

The price of oil is showing real strength and indicators are pointing towards a strong 2021 for the black stuff and the gas tender will almost certainly be higher post heightened covid consumption.

The CEO has put £110k in 4 weeks ago, he knows what's coning this year more than anyone, the market cap of £16m is one of the lowest around for a debt free producer and not forgetting the 6.8m cash reserves for the drilling campaign starting with two new wells, with each targeting 600 boepd starting in May, ZJ-40 drilling rig Inspected and ready to go.

?They did not turn the oil until late jan / early feb, the gas was mid feb and they still made $1.62m in revenue to end of march. Not a bad production figure of 44,394 boe of oil and gas in this time, we are now in the second quarter which is a full period so will be a big increase on the first quarter with also in addition to the new drills we have the possibility of 16aZ to be reported on top of current av. 555 boepd and Schlumberger block workovers as current daily foundation cash flow also.

Gold very firm at the moment and quite possibly ready for a run on high 17s 18 next

Here is my 2 pence worth on Block Energy.

It is one to follow the money and sit tight on for a nice return at 17m market capitalisation and 6.8m cash reserves.

?They did not turn the oil until late jan / early feb, the gas was mid feb and they still made 1.62m in revenue to end of march.

Not a bad production figure of 44,394 boe of oil and gas in this time, we are now in the second quarter which is a full period so will be a big increase on the first quarter.

16aZ on top of 555 boepd and Schlumberger block workovers as current daily foundation cash flow.

Drilling two new wells next each targeting 600 boepd starting in May, ZJ-40 drilling rig Inspected and ready to go.

GL

Any pressure and EEE is primed

This has bottomed out and way way oversold set to move back up over the next few weeks.