Member Info for quercusrobor

17 December 2019

Block Energy Plc

("Block" or the "Company")

Operations Update

Block Energy Plc, the exploration and production company focused on the Republic of Georgia is pleased to announce that well WR-38Z at the Company's flagship West Rustavi field ("the Field") is flowing naturally following clean-up operations and is ready for production testing. The Company has also prepared nearby well WR-51 for the Field's next horizontal sidetrack.

Following a short period of swabbing, WR-38Z is flowing naturally. The Company has installed and commissioned new production test equipment sourced from North America and will now commence a multi-rate production test extending over several weeks.

WR-16aZ is temporarily shut in whilst the production facility is being upgraded and is expected to return on production in January 2020.

In addition to the operations at WR-38Z, the Company has completed civil and preparatory works at the wellsite of well WR-51 and the wellbore is now ready for sidetracking operations.

The 3D seismic acquisition has been completed and the data is now being processed and interpreted to develop a comprehensive understanding of West Rustavi's subsurface and facilitate the identification of optimal locations for future drilling.

Block Energy Chief Executive Officer Paul Haywood said:

"We're pleased to confirm that operations at WR-38Z continue to proceed smoothly, with the well now flowing and ready for producrion testing. We look forward to updating the market on the results from the multi-rate production test. Furthermore, we are excited to have completed our 3D seismic acquisition and eagerly await the results of the processed data set, which will enhance our understanding of the reservoirs".

Dec 13 2019, 16:18 4.60 1,000,000 0.00 0.00 ? £46,000.00 O
Dec 13 2019, 16:18 4.58 1,000,000 0.00 0.00 ? £45,800.00 O
Volume 4,003,463

interesting......and your conclusion/best guess is?

Does anyone feel that with Christmas being just around the corner....that were news to be released prior to the holiday...it is more likely to be favourable than otherwise....or that this is irrelevant.

I very much hope that a grown up person at Block HQ is reading the input from here.....

https://twitter.com/BlockEnergyplc/status/1203972809216667648
Formal completion of the Trans-Anatolian Natural Gas Pipeline (TANAP), the Turkish section of the $40 billion Southern Gas Corridor that will carry gas from Azerbaijan, joining the South Caucasus Pipeline running through

re they haven’t done all this on the fact there might be gas , they have made this commitment knowing there is gas.

https://www.nsenergybusiness.com/news/block-energy-signs-gas-sales-agreement-with-bago/

. The Agreement, which follows a Memorandum of Understanding announced on 5 October 2018, was finalised following Bago’s appraisal of gas samples from the Field. Sales are expected to commence during Q1 2020.

...djm... for your benefit..
https://oilprice.com/Energy/Energy-General/Even-Shale-Veterans-Dont-Buy-The-Bullish-Production-Forecasts.html
...as most on here will be aware here are numerous articles on this subject.
....on reading through your prolific posts....cognitive dissonance would seem to sum it up.

djm..re..rns and your last post.
what EXACTLY is your point.?
(a proof reader would award high marks for sanctimony and muddled thinking)

was under the impression this was illegal...
....sp pattern wld seem to indicate otherwise..

This week Dr Dan Gooding from Nuformix #NFX will be recording a video @**********'s studio.

If you'd like to ask him a question please submit it below: https://www.surveymonkey.co.uk/r/JFVY5P9

re...That's a very silly comment Will 1734
....ignorant,immature,unsophisticated,uninformed,..and just plain thick comment.
take your pick.

re...I think there’s something special in the water up here in Yorkshire or it could have been the ‘Tetley’s Bitter’

.....nay lad.....Timothy Taylors for sure...;)

****************************/articles/nuformix-open-orphan-zoetic-international-and-live-company-group-ae589f8/

re.. Nothing has changed and they announced what we already know. All IMO...
exactly....would put money on this move creating a large bullish hammer..

....price action suggests possible gap fill from yesterday around 9 am.

re..Filled the gap ?

friday18th ( close) (open)-monday 21 st oct....well spotted...

re..weekend shooting (up) trip for Tarquin Simikin-Smyth ...

how do you know old Tarks then?...;)....excellent shoot ,needs a bit of wind though.....

The Skipper
19 Nov '19 - 14:59 - 5671 of 5672
0 1 0
Cantor Fitzgerald have been sitting on the ask here for the last week or so with a steady supply of stock being released to meet demand. As of 12:58 today they have moved from the ask to the bid, so I think it safe to conclude that they have finally run out of stock.

o/t....but may be of interest to some of you ..
https://www.sharesmagazine.co.uk/news/market/6677466/Commercial-Grade-Antimony-Metal-Produced
Tri-Star Resources plc (AIM: TSTR), the minerals processing company, is pleased to provide an update on its antimony-gold processing facility in the Port of Sohar Free Zone, located in the Sultanate of Oman, held through its 40% interest in Strategic & Precious Metals Processing LLC (“SPMP”).

Highlights

Produced antimony metal at the world standard commercial grade of 99.65%
Focus now on rapid scaling of production having proven the plant’s technology
Expressions of interest from potential customers equal to almost double the annual combined capacity of 20,000 tonnes of antimony metal and antimony trioxide
Advanced agreement for the supply of approximately one third of the feedstock required for 2020 and in discussions with other suppliers for the balance
Producing gold dore at grade in excess of 25%, up from 5% in October 2019, and first sales made