Member Info for scoobyrex

whats the problem ? option prices are in the table.Block Energy Plc, the exploration and production company focused on Georgia, announces that it has established the Block Energy Plc Employee Benefit Trust ("EBT"). It is intended that the EBT will be used to satisfy obligations arising from the Company's Management Incentive Plan ("MIP") (formerly named Enterprise Management Incentive Scheme) and other share and option awards granted to employees.The EBT is a discretionary trust for the benefit of employees, former employees, and their dependants.The Company has been notified by the trustee of the EBT that they intend to subscribe for 39,609,348 new ordinary shares of 0.25p each in the Company, at par value per ordinary share at an aggregate cost of £99,023.37, representing 10% of the existing issued share capital of the Company ("New Ordinary Shares"). The Company has, therefore, agreed to lend £99,023.37 to the EBT to fund the subscription for the New Ordinary Shares. The New Ordinary Shares to be held in the EBT are intended to be used to satisfy obligations arising from the MIP and other share and options awards granted to employees, including the existing options to acquire 30,451,547 shares as summarised in the table below:Date of IssueNumber of SharesSubscription Price (pence)Expiry Date30-Jun-171,200,000Subscription Price (pence) 2.522-Dec-2206-Apr-184,400,000Subscription Price (pence) 2.511-Jun-2809-Jun-1815,512,856Subscription Price (pence) 4.011-Jun-2821-Oct-195,991,667Subscription Price (pence) 11.021-Oct-2901-May-201,962,641Subscription Price (pence) 0.001-May-3001-Jun-201,384,383Subscription Price (pence) 0.001-Jun-30Total 30,451,547

I cannot find this company on IG trading, searching SYME or supply me. does it have a 2nd ticker ?

The term stepped back in the RNS is ambiguous. he either resigned or was pushed. Now we know. I'm just glad we are not paying the salaries of two technical directors.

RNS from 5th June

Block Energy Plc, the exploration and production company focused on Georgia, announces that the current Technical Director, Roger McMechan, has stepped back from his executive position to pursue his other interests with effect from 3 June. Roger will continue on the Board as a non-executive director, enabling the Company to utilise his petroleum engineering expertise and detailed knowledge of the Company's assets as Block Energy prepares to restart oil production and initiate gas production at its West Rustavi field.

The Company is pleased to welcome Ritchie Wayland as Technical Manager. Ritchie holds a Master's degree in petroleum geology from Imperial College London.

Looks like he doesnt get to keep his options as a non-exec board member.

https://oilprice.com/oil-price-charts/45

RNS for the above share allocation

Constant NT or quotes at 3.73. Nuts as the ask is 3.5.

Also have an order setup with no bites.

At this rate it will be going back up.

Yes let’s all take advise from someone who doesn’t understand the spread of a share and who buys shares over the counter at a local bank branch.

Jog on.

Q2. You mean H2. Ie July to December q2 is almost done.

The question is when in H2, you would expect Bago will do everything possible to have a local gas supply before winter demand starts.

Barchild please research further, Bloe is purchasing an asset with shares and also employees are taking shares as a salary sacrifice this is increasing the number of shares in circulation and reducing % of major holders.

There will be action between now and q4. I expect the share price to be in the 4-5p range in q3 and beyond in q4. With trading opportunities in between.

The fundamental question is what does BLOE do with funding the assets they have. Placing is unrealistic at this level. They have to sustainable increase the share price. Which for me is getting gas sales releasing resource information all of which will have a positive momentum on the sp.

Releasing anything before gas monetisation just causes spikes. They have to get on with the Gas and I do not believe they will be letting this slip out to q4 to progress.

Wowza have you seen EPI’s customer list.

Spreadex were a nightmare on a previous share I was holding. Sold into every rise really squared off potential. Still did ok and any long term holders will not be affected but short/mid term spreadex are active sellers from placement. I am surprised considering it was over subscribed they got any allocation.

With what’s happened in the last year, big boffers “dream” is not beyond the realm of possibility. Of course if you are so pessimistic and your opinion is so negative then you would struggle to comprehend that possible reality. There is high demand for physiatrists at the moment, maybe consider putting your name down.

eEnergy Group appoints Operations Director for eLight



eEnergy Group plc (AIM: EAAS), a leading "Energy Efficiency-as-a-Service" (EEaaS) business in the UK and Ireland, is pleased to announce the appointment of Lee Mason as Operations Director for the Group's subsidiary, eLight Group Holdings Limited ("eLight"). eLight helps businesses and schools switch to LED lighting for a fixed monthly service fee, avoiding any upfront payments (known as Light-as-a-Service or LaaS).



Starting on 1 July 2020, Lee will help increase eLight's engineering capability and capacity to meet the growing demand for LaaS, particularly in the education sector. eLight has completed installations of LED lighting at 170 schools over the last three years, with 26 now undertaken in 2020. The Group is currently assessing over 200 school projects. Based on current conversion rates, eEnergy expects to convert over 40% of these projects into signed contracts.



Lee brings considerable experience in engineering and project management to the business. A qualified engineer, he previously worked for three years at GE Current, which was established by the General Electric Company, and which sells energy management systems. He helped GE Current complete of one of the biggest LED retrofit programmes in Europe. The business successfully retrofitted 220 Sainsburys superstores and distribution centres across the UK. The combined energy saving was over 85 million kWh per year.



Before working at GE Current, Lee spent 24 years at The Boots Company (latterly Walgreens Boots Alliance), working up from an Apprentice Engineer to hold many senior management positions across different sectors, including Logistics through to Manufacturing. Lee ran several energy reduction programmes across the Boots Estate. Lee holds a Bachelor of Engineering Degree in Mechanical and Electrical Engineering and is an active member of both the Institute of Engineering and Technology and the Project Management Institute.



Lee will join a management team committed to delivering the Group's strategy. The Board has a plan to grow the business, both organically and through acquisition. The Group plans to invest in technology, new sales channels and additional resources to substantially increase the eEnergy's revenue over the next three years. Over time, eEnergy will become a broader energy services company and acquire other businesses in the energy management sector.

Start posting about the company, or the oil and gas market and stop all the personal attacks.

Sell 0.3122
Buy 0.3165

MM doing everything they can to not let this go down to placing price.

These are quotes via IG within seconds of each other.

No, No, Maybe thought i would break the silence answering the rhetorical questions.

It is a smart approach.

They are effectively options at 2.5p as they are loaned shares to the trust when they are sold in the future at market price. Let’s say 10p

The company gets 2.5p for the loaner share.
The trust gets 7.5p for whatever is needed, death in service etc.

The timing of this to me shows we may never be at these lows again.

own up, who got entire threads deleted.