Member Info for NICODEMUS63

Today's price for Natural Gas is $2.85 per thousand cubic feet. We have negotiated a price to sell to GOG at over $5 per mcf which at the time was almost double. ? BLOE or any other company for that matter aren't able to negotiate selling WTI/Brent at twice the market value - it gets sold at the market rate- today $56 /£62

a. Can anyone explain to me how this works and why we are able to sell at such a premium?
b. The price of LNG has risen sharply since- Is the price we'll be getting fixed for a given time?

Any assistance would be much appreciated.

Nice one Boffer. Perfectly summarised. Don't listen to Bill Tucker, a sad depressive who could do with smoking crack to cheer himself up. As for Mike31, he's upset because he's after buying a perving pad in Pattaya with MATD money, but they've let him down so he's stuck with Razzle for the time being.

1:5 sell/buy ratio so far today and the price not moving up. Strange...

The world is full of scared and frightened little people, in this game as much as anywhere else. I've a mate how bought £10,000 at 12p on my advice. He's done nothing but grumble. He's going to be out the second we touch 10p, I'm 100% sure of that, not just because he said so but because his ego can't take more than a 20% loss.

Re Jon Fitzpatrick at Gneiss

One of Gneiss's clients is Bowleven. A friend told me a while back that Alastair Ferguson had something to do with Bowleven but I can't find anything. Anyone know anything? AF is a man who knows his onions in this industry so anything he's involved in is worth checking out.

Makes sense now why the price held up yesterday despite 3:1 sell/buy ratio-

All hoovered up and ready to sell at a massive premium over the next few weeks.

Happy Days Friends- we knew it was coming, patience rewarded-

Let's all try to be very big about this and no goading of he who shall not be named-

If he comes onto the board today gloves off, but otherwise suggest no-one stalks on MATD tempting though it might be. He's not the only investor on there, and I may well have a dabble myself once I take a small percentage profit when BLOE hits £1.00

A sea of red, yet the price holding firm in the face of Vandals at the gates of Rome. Very positive, nature hates a vacuum, either prices go down or in this case, the sales are all being absorbed. Surely the market will run out of muppets who want to sell before too.long and the sky will be the limit.

£23k sale at 7.70p and the price still holding up- Got to breach the 8p before too long.

PS. BLOE was mentioned a Chinese newspaper a few months back- The link was posted on here but I can't find it- does anyone have the link?- wondering if any kind of connection or just a general interest in Georgian gas- either way, looking good ladies and gentlemen-

Hold on to your hats... (obviously not you Mikey, as you'll be otherwise engaged, morning glory and all that)

This is very good news indeed. The change that serious Chinese involvement can make to a developing economy is astronomical. I went to on holiday to Addis Ababa four years running 2015-18. The rate of development (certainly, in the business area ) meant that each time it was like visiting the city afresh.

They don't throw money away at basket cases either-They look for great economic potential, strong and co-operative government and low levels of corruption. - A little like China really- Ethiopia and Georgia aren't that different- 2 of the oldest nation states on the planet, great natural resources and both suffered many years of communist oppression but they can also benefit from some of that discipline in later years.

Dear All

I'm in BLOE and have only had a look on your board today because MATD is now looking like a serious bargain. Mike 31 is on BLOE sometimes a dozen times or more a day deramping and causing infighting and bickering. He's clearly doing the same here as well, thus trashing 2 boards in one fell swoop. He probably has several accounts and does the same for other boards. It got to the point when I wanted MATD to go down just to spite him. Sad to say that as we're all gamblers in this game to make a bit of money using wit and guile but it is just the feelings he engenders. Hence he is being 'chased' over here. I'll stick to dissing him on BLOE as it isn't fair on the rest of you and suggest all other BLOErs do the same.

Thought I'd say it straight and put you in the picture.

I'm in variously - 11 purchases between 8p -17.5p-
Do I know my average? No.
Do I care how much I'm 'down' ? No

That's because this share is going to make me rich-and all with the patience to hold. It may take a couple of years but it will. I'm not going to be selling, I don't need the money so just sitting back relaxing-

That being said, I couldn't resist checking this morning after seeing yesterday's rise- Suppose I'm not completely oblivious to the paper loss/gain merry-go-round but I try not to be.

We're all gamblers Bill, if we invest in companies like BLOE, believe it or not-

Why don't you go off and invest in BP if you are that scared of losing your hard earned pennies?
As for me, I'd rather die rich or poor than be like some craven friends I hear gloating over how they've earned 2 or 3 times more in a year than if they've left their money in a high interest account-

Totally agree Terrier. We are all gamblers and should be big boys and girls when things don't go to plan. Instead you get mugs crying in self pity. Pathetic, just do one you muppets and invest in a 1.5% Santander 123 and leave the gambling to those of us with bottle and cojones.

gt. How to you make 1.8 billion $ with 608 bcf?. If gas is 2.5 $ per mcf surely that makes 1.5 billion $
Or am I missing something?

Eitherway once the gas offtake infrastructure is in place, we're looking foreard to a mighty custy 2020/21

Just remember everyone, even with the 78% water at 16aZ and the news of reduced, very miserly rates at Norio and Satk we're still approaching breakeven We've got a minimum 4 more wells to drill, gas to be monetized and who knows what goodies to be found with tbe 3D seismic. Plus no debt and all of the above fully funded. Stay positive everyone, unless you are a beggar or starving, poverty is a state of mind, particularly where paper losses are concerned. I'm sure this will 10 bag from here by 2022, does anyone else agree?

By the way, I wasn't swearing I said a word simliar to the US version of snicker but obviously the filter software thought I was using a word of racial abuse.

That was snidely amusing Mike. I'll spare dissing you for a few days on the back of you making me s****** this morning.

RNS out- we've just appointed someone who looks like a pretty big hitter as Finance Director

Block Energy Plc ('the Company' or 'Block'), the exploration and production company focused on the Republic of Georgia, is pleased to announce that Mr William McAvock, FCCA, has been appointed as Chief Financial Officer and a Director of the Company's Board, having previously acted as Finance Manager since 13 May 2019.

Before joining Block Mr McAvock gained more than 12 years' professional experience in strategic and operational finance roles within four listed natural resource groups, most recently as Interim Financial Controller and Financial Projects Manager at Gulf Keystone Petroleum Ltd, the Main Market-listed oil and gas operator of the Shaikan field in the Kurdistan region of Iraq, which has a capacity of 40,000 barrels of oil per day.