Member Info for mcadder

https://amp.theguardian.com/world/2022/jan/18/australia-accused-of-disgraceful-bid-to-keep-timor-leste-bartering-negotiations-secret

Christopher Knaus
@knausc
Mon 17 Jan 2022 11.30 EST

"Australia accused of ‘disgraceful’ bid to keep Timor-Leste bartering negotiations secret".....

....."The negotiations were crucial to Timor-Leste, because the resources in the Timor Sea could help lift it out of poverty, but it was later revealed Australia had bugged the offices of the fledgling nation’s government to gain an upper hand".....

......“This is a shameful episode in Australian diplomacy in which the then Australian government spied and acted in bad faith in an attempt to steal the oil and gas resources of a newly independent and impoverished neighbour,” Patrick said.
Australia’s relations with Timor would now be much better served by a policy of transparency, acknowledgement of past wrongs and a genuine apology, not by more dubious legal manoeuvres to suppress the truth.”

What was it you asked only a few weeks ago when this was at 0.92p mannann?......
something along the lines of is now a good buy in price?? Well clearly it wasn't!

https://youtu.be/8V3V59HkCY8

Proactive interview

Like this quote from BH just after 1m 5s into the interview.....
"to try and establish a world class resource of copper which we've gone a long way towards doing but we've kind of got to the point where we need partners to help us do it because it's potentially a very big project"......

Given the global demand and prices of copper and the lack of new copper deposits being found and given the stage Great Western are with our copper prospect at M4, I think it's inevitable that there will be a breakthrough for a JV with a major sometime during 2022....

Remember 15MT low end estimate, 200MT high end estimate, anywhere between 50-100MT would definitely put it in the category of "world class resource" ;)))

"Target deposit in the range of 15Mt to 200Mt"

Yes that's potentially between 15 MILLION TONNES (low end estimate) and 200 MILLION TONNES (high end estimate) of copper

No wonder they want to prove this up and get a big player aboard!

2022 to be the year of breakthroughs, eureka moments and value creation through the discovery of new gold veins, processing of tailings/spoil heaps, upgrading of our copper resource and seeing an industry leader with deep pockets climbing aboard. Summary of what's on offer....
BLACK MOUNTAIN GROUP
•"Indicated and Inferred Mineral Resource (JORC)
4.3 million tonnes at 0.45% copper
•Based on approximately 5,000 metres of drilling
•Target deposit in the range of 15Mt to 200Mt
•Development partner sought
•In touch with a number of companies known to be interested in the area"
EM GROUP
•"High grade oxide copper ores were previously mined at Eastside Mine
•IP (induced polarisation) geophysical survey scheduled
•Likelihood of copper-porphyry style orebodies at depth"
HUNTOON GROUP
•"Reverse circulation hole drilled in 2018
•Best intercept of 27.4m at 0.35% Copper
•Many similarities to the copper mineralisation seen at the Black Mountain claims
•Target range 10,000-50,000 oz gold"
JS GROUP
•"3 diamond holes were drilled in 2018
•Large quartz-copper breccia vein hit at 106.2 metres
•43.0m @ 0.24% Cu, including 1.8m @ 0.74% Cu from 121m
•Target range 10,000-50,000 oz gold"
MINERAL JACKPOT GROUP
•"Recent field surveys have doubled previously-mapped mineralisation
•Further drilling planned
•51 spoil heaps from historic mine workings, potentially covering 14,000 m²
•Early production planned
•Target range 50,000-100,000 oz gold"
OLYMPIC GOLD
•"Drilling established evidence of an extension of the OMCO Mine vein
•Best intercept 8.90 g/t Au in shallow zone at Trafalgar Hill
•Early production potential from tailings and stockpile material
•Target range 450,000-1,250,000 oz gold"
ROCKHOUSE GROUP
•"Never previously drilled or exploited
•1,685 feet (515 metres) drilled in 2021
•2,380 feet (725 metres) follow-up drilling planned
•2021 drilling encountered gold at shallow depth in multiple holes
•Best intercepts 8.02 g/t Au in one hole and 2.29 g/t Au in another
•Target range 25,000-75,000 oz gold"
TUN GROUP
•"Current work includes organising a broad soil sampling programme across the iron oxide zone
•Target range 5,000-25,000 oz gold"

Looking gooooood!!

Should finish above 35p today :)))

Now that would be an RNS to dream of.

Forget 2-3p I'd be ramping "20p incoming!!"

Ok that's enough ramping for one day haha

rxdav - I get your negativity with the company to date BUT I'm assuming you have either not read today's operational update and in particular the update on JKT-01Z OR you just simply have no faith in what the company released today?

It might have been 50/50 hanging in the balance before but the odds of success have just increased dramatically imo

Oh god no jonesrichard has appeared on our bb - Mr mega ramptastic we're all doomed lol

Avi8r - not wanting to split hairs but it ticked up near the end as a result of a few buys just before close. Bid price 1.20 Mid price 1.30 (18.2%) Ask price 1.40p. But either way it bodes well for a decent SP recovery here.

That 500k is actually a delayed trade from earlier - probably a buy earlier on when we were on the way up

Closed 18% up near the end :)))

Re flow rates of 1k bopd - I think most would be ecstatic with around 300 but 1k would be an absolute game changer for Block

Nothing stopping this now.

Just remember -

1.9 BILLION BARRELS OF LIGHT SWEET CRUDE OIL

Just let that sink in !!

Malcy’s Blog – Oil price, Genel Energy, Union Jack Oil, Block Energy, Advance Energy & finally
Abm January 11, 2022
WTI $78.23 -67c, Brent $80.87 -88c, Diff -$2.64 -21c, NG $4.08 +16c, UKNG 199.0p -9.0p

By Malcolm Graham-Wood

Block Energy
Block has announced its operations update for the three months ended 31 December 2021.

Highlights

· Over 110,000 operational man-hours worked in Q4 2021, with no LTIs
· Drilling of well JKT-01Z reached target depth (“TD“) of 2,565m measured depth (“MD“)
· Significant mud losses observed relative to the WR-B1 well, indicating initial geological objectives have been achieved
· Q4 production of 34.6 Mboe (Q3: 34.6 Mboe) or an average of 376 boepd
· Q4 revenue of $2,550,000 (Q3: $901,000)
• oil revenue of $2,441,000 (Q3: $742,000)
• gas revenue of $109,000 (Q3: $159,000)

Block Energy plc’s Chief Executive Officer, Paul Haywood, said:

“We are pleased with the progress being made at JKT-01Z. Having encountered hydrocarbons and experienced significant mud losses whilst drilling, the early signs are encouraging. If JKT-01Z proves to be successful, side-track operations funded by production revenue will be initiated back at WR-B01, adopting the same geological approach employed at JKT-01Z. Strong sales, stable production and the ability to take advantage of enhanced sales pricing during the quarter, combined with encouraging initial signs from JKT-01Z, all add to the Board’s confidence in the Company’s ability to improve performance as we look to the year ahead”.

CEO Paul Haywood must be pleased, when I last looked I thought that the well was struggling a bit, he will be please to ramp up production and take the revenue upside.

Could possibly be that the yanks are buying this now. Perhaps we are finally having an 88E moment as the penny drops re the sheer scale of the oil we have!

Yes so undervalued given where the SP is right now especially with today's fantastic update. Quite frankly you would have to question someone's sanity to sell anything down here after today's RNS. But sells are getting mopped up so all good...

Looking good here. It's now 1.35 or more for anything over 300k shares

Block Energy Plc
@BlockEnergyplc
4h ago
“..Having encountered hydrocarbons and significant mud losses whilst drilling, early signs are encouraging. If JKT-01Z proves to be successful, side-track operations funded by production revenue will be initiated back at WR-B01..”

Well of course I had little confidence in the company up till yesterday because of the lack of news and worry with the CUDA situation which is no longer an issue for me.
Did I sell any? No! But I refused to add anymore until we had a clearer picture about what was going on, hence why I added yesterday! I think my thoughts there reflected quite a few who are invested but yesterday for me changed everything. The situation with CUDA for me doesn't even matter anymore whether it happens or not for us.

"Blimey Mcadder changed your tune!"

Well duh course I did after yesterday's news and I even topped up yesterday at 25.57p to add to my holding!