Member Info for orslega

fill the gap...

w w w.marke****ch

Reference Petroteq: as has been posted here, they just sorting the greenies out (clean air licences) then we're off the races; by all accounts they are close. A little more patience. Fingers crossed, as usual

https://www.marke****ch.com/press-release/petroteq-energy-incs-tsxv-pqe-otc-pqeff-pioneering-oil-extraction-technology-has-the-industry-buzzing-2018-10-08

plenty of uncertainty but it somehow looks like it won't being going down in price; Mayan - obviously - need to get production going - important to note they never said in the last operational update that all production had ceased. Just a review of portfolio.

https://www.marke****ch.com/story/call-of-the-day-dont-rule-out-400-oil-if-the-us-sanctions-saudi-arabia-2018-10-15

their market cap is currently 25% lower than when they listed - see below - they also raised £5M cash. imo they are only double (well not quite) Mayan market cap because of the current situation. Things can change very quickly in AIM, as we know too well!

June 2018

Admission and Placing Statistics

Number of Placing and Subscription Shares
125,000,000
Issue Price
Gross Proceeds Receivable by the Company
4 pence
£5.0 million
Issued share capital upon Admission
Market Cap on Admission
258,547,601
£10.3 million

We have 300K invested

Block Energy Plc / Index: AIM / Epic: BLOE.L / Sector: Oil and Gas

15 October 2018

Block Energy Plc ("the Company", "Block" or "the Group")

Begins workover operations in Georgia

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce the start of a fully-funded workover programme at its Norio oil field intended to scale up production rapidly by the end of 2018. The Company plans to carry out two workover campaigns on eight wells through Q4 2018 and Q1 2019 at the field, using an A50 rig and a specialist perforation tool imported from North America.

The programme begins with preparation work on four of the eight wells. The workovers will proceed in sequence with each expected to take five to seven days to complete. A perforation technology selected to bypass any damage caused by historic heavy mud drilling will then be applied to each well. The technique replaces conventional shaped charge perforation with a micro drilling tool able to cut horizontal drain holes at multiple levels. New or refurbished pumps will then be installed to bring the wells to production, before the process is repeated early next year on the remaining four wells.

The Company expects to complete the workover of all eight wells by the end of Q1 2019, with the aim of rapidly scaling Norio's production from 10 to 150 bopd. The field's infrastructure is already operational, allowing oil sales to commence immediately. Norio oil is currently sold at a value of Brent minus US$10. Block holds a 100% working interest in the field, which holds gross proven oil reserves of 1.631 million barrels.

The Company is also preparing to drill horizontal sidetracks and test a legacy gas discovery in the Lower Eocene at its West Rustavi field. The discovery lies on the same play being targeted by Schlumberger on neighbouring fields. When final inspections are complete a ZJ40 rig will be used to drill two high impact horizontal side-tracks, which will increase Block's working interest in the field from 25% to 75%.

He is an old business contact of Randy Connolly, pretty sure they worked together in NCT days - not sure why he is getting so vocal on twitter - sounds like a first year lesson in economics!

correction

I certainly have not defamed YOU.

I have nothing to hide. You carry on dear chap. I think you have much bigger issues on you plate than me.

For the record I have not lied about you in anyway. I certainly have not defamed me.

I just do not like the way you promote yourself and have made myself clear. You have set yourself up - now get a grip. Look in the mirror - you'll get it, or maybe not.

I get your point - I just did not like his aggressive approach which caused unnecessary sp damage imo.

Onwards and upwards.

Helpful called it right.

Jennings must feel a complete tool. Let him have an extended holiday, he needs it, scratching his head, what do I do next, lol

Well you will know who you can thank for that.

He may aswell stay on holiday - permanently - I imagine his investors will be saying "what the hell was was all that ranting about" - while watching their investment drop to all time lows.

Rationale approach in the circs is what investors voted by a very large margin. Sense prevails.

Precisely it is dirt cheap by any measure. It really should not be this low. Take advantage while you can - I expect things to change very quickly, for the good!

My preferred outcome at this juncture. Current board can now get on with the urgent tasks in hand.

2.5 hours duration; a very long AGM! No doubt we will hear a little more from those who attended later.

Overwhelming yes.

Most certainly.

Reading between the lines it looks like the AGM lasted 2.5 hours - it might therefore take a little while to fully update the market.

obviously not! lol Mr Jennings took the bait - he always does - is he really on holiday I'm beginning to wonder?

Agreed, it needs a decisive and measurable action plan from the chair and interim ceo today.

Let's see what transpires.

Poll says CW remains as interim CEO.

You have no idea what I may or may not know.

But I have clear. I prefer a rationale approach to the situation. I know enough about your Board proposals which leads me to conclude they are NOT the answer. As I said I don't like knee jerk reactions.

I also prefer a non abusive approach. You clearly haven't mastered that. Coward - more irrational comment.

ps I thought you were on holiday? But I note, someone you respond. I am very surprised in the circs that you choose not to attend tomorrow's meeting to support those who have followed your fully researched bulletins. Very odd behaviour. It's only a 2 hour flight from Greece. Your followers will applaud you for breaking your holiday.

Good night.

......I see is canvassing results for tomorrow agm- currently 53% says CW stays interim ceo - imo near term he will pass the reigns on to a new proven/capable US team (the search will be on right now); the guys Align want onboard with immediate effect are certainly NOT the answer here. As posted on twitter by those who know better than me, Align do not had a good record with these situations.

If CW and other Board members need tom deal with accusations, then that will happen regardless. Knee jerk reaction never works in scenarios as this.

Tomorrow will be very interesting. Anyway, all the votes (mostly from last time) have already been cast. Let's see what transpires.

Good luck to all longs.

yep - more buying. Hardly surprising.

Cazy price imo