Member Info for parkez

In the next few weeks we have 100m+ shares extra hitting the market.
At 13p gives m/cap £52m.
Same as everything on aim depends on news...
News=sentiment, sentiment either way is the driver of the sp.

http://www.blockenergy.co.uk/wp-content/uploads/2019/05/bloe_corporate_presentation_may_2019.pdf

Haha correct,
lost a decent amount there but learnt a good deal. Shares are just like women, you have to experience the bad ones to appreciate a good one.Happy to be here...and hoping experience has taught me a thing or two.

Apparently how many "0" in a million and how many in a billion.
First share i bought into was MTV....so i know how many in a billion lol

And if they had issued 5.4billion warrants....we would all be out lol.
Funny what some people think goes on on AIM.

To be fair hes not the only one who thought so..
DEMARK 11.44 post

i believe mms will continue to contain any possible increase in the sp with even any transformational news from BLOE as there will be 110m shares @11p will be churned plus 5.4b warrants, i am out , dyor

5 million not billion

billtucker...simple answer, do some research.

next RNS imo will be a detailed description of future plans. Surprised we have not got that yet ...but then again if you are in the process of acquiring then that would not be possible...again just my thoughts.

Last IG interview PH said the chokes would not be adjusted until 3/4 wells producing..we now have until the end of the year to wait for that.

"We used the £5m we raised for our IPO last June to demonstrate our capacity to undertake disciplined low cost operations and prove the value of our assets"This suggests to me that the £5m has gone and with W38 not yet drilled that some of this placing is for that purpose.

or you get the analysis and technicals done and while doing these you move onto something else...that rig imo will not be idle for 4 mnths.
They have raised a large amount in a short time...
of course just my opinion...

W38 back 4 mnths...wheres it going next...time is something you do not waste with these.

Just gut feeling,
obvious something was not straight forward with the rig still being there...now they have moved

So they have spent the money designated for W38, put the schedule back 4 mnths and yet raised £12m to accelerate production.
More to come on this story i feel.
Acquisition on the way...imo

In Q4 this year we will sidetrack West Rustavi well 38, a neighbour and analogue to 16aZ. Two further wells, West Rustavi 30 and 3 will be sidetracked through H1 next year, and their associated gas discoveries tested. Accelerate? they have put this later in the schedule...."We will also continue our ongoing workover programme at Norio, and have scheduled the field's well 60 for sidetracking later this year"So what are they doing for the next 4 mnths?...Cant really see any acceleration in progress.Happy to be educated.

Well looks like no news and no suspension...
sp flies and 12p placing
sp drop and 17p placing
a lot of unhappy investors either way.

every day is an education...no way did i expect trading before news.

So how many AIM listed companies could even if they wanted raise £12m...not many.
A large amount in a very short time...tells its own story. Market will love this, expecting a very blue day.

Business Strategy
The company has planned a three stage work programme to develop the significant potential of its assets:

Stage 1 (2018-2019):

Increase production to 900 bopd via a low cost low risk workover programme and sidetrack of existing wells
The company will break even at 100bopd

Stage 2 (2018-2019):

Test and flow gas in previous discoveries of West Rustavi containing significant gas potential
Sidetrack existing wells and drill new horizontal wells to increase production to 2,500bopd

Stage 3 (2020-):

Bring West Rustavi gas online
Estimated net back of ~$3/Mcf
Expand asset portfolio in Georgia and wider European region

Above ipo business strategy...compare to the acceleration plans RNS last night...what are they achieving from the proposed £12m, given that W16 is capable of producing 1100 barrels daily, W38 fully funded and expected same output?

The 4 horizontal sidetracks...3 more at west rustavi and Norio?
Looking forward to more details...but excited.

"Drill up to four horizontal sidetracks to scale up production and fund future capital programmes"
They are raising £12m yet they are not deviating much from the original plan...again i say we are not being told everything..imo