Member Info for SEA7

https://home.kpmg/xx/en/home/insights/2018/04/norway-taxation-of-cross-border-mergers-and-acquisitions.html

Advantages of share purchases

Lower capital outlay (purchase net assets only).
More attractive to the vendor, since a capital gain is (almost) tax-free for companies.
Purchaser may benefit from tax asset and losses of the target company.
Purchaser may gain the benefit of existing supply and technology contracts.

i cannot access article, however, .....

https://www.naturalgasworld.com/canadian-junior-eyes-norwegian-opportunities-74257

Through Nordic Petroleum, Zenith Energy may take part in future licensing rounds in Norway.

and you maladoni!

ha ha scooby - yes, thanks.

yep scooby - we could do with a bone or morsel of info thrown our way, otherwise the board tends to descend into a bickering match as no one has anything to chew on.

jeez - block energy trades on setsqx which is a hybrid quote and order driven platform.

The retail trader competes with market makers for stock on these platforms and there is no maximum spread, which means the prices displayed can quite often be different to what you actually trade at. The market makers job is to provide liquidity, when volumes are low, in addition to their own books.

Aim stocks are know for wild swings on nothing - if you cannot handle the value of your holding changing by double digits in the blink of an eye for no apparent reason, then AIM is not for you.

Usual story here - PI's selling out as price retreats and pro's buying in. - same old, same old, nothing changes.

SimonT

I inferred from the rns that they have made a full commitment and are spending cash on the infrastructure now....

Under the terms of the Agreement, which runs until 31 December 2022, Bago will purchase gas produced from the Field at a price of US$5.24 per MCF. Bago will also pay for the costs of installing the infrastructure necessary to connect the gas produced from the Field to Georgia's gas distribution network. West Rustavi has gross, unrisked 2C contingent gas resources of 608 BCF in the Eocene and Cretaceous formations. 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

mike

bago aren't remotely interested in supposition or hearsay posted on this board. They are making infrastructure investment decisions based on the information provided to them and verified by them. They didn't sign up to this, on a possibility. They signed up, sure in their decision to commit funds to the project.

https://www.proactiveinvestors.co.uk/companies/news/218168/block-energy-keen-to-flesh-out-potential-at-west-rustavi-218168.html

Inflexion points
Stable production from West Rustavi legacy and sidetrack wells
More horizontal sidetracks scheduled for West Rustavi
Exploration at Satskhenisi to confirm new prospective resources
Company moves cashflow positive as production ramps up

bit more seismic....

https://twitter.com/BlockEnergyplc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

late trades at 8.70p showing up!

Carbon Technology Group Ltd. (CTG), which has had a complicated and conflicting owner and working relationship with Athabasca Resources Ltd. (ARL), was placed under administration in 2017. The public administrator (trustee) has sought to dispose of the company's assets to cover debt. ARL and Nordic Petroleum have formed a joint UK company Nordic Athabasca Recoveries Ltd which is 50% owned by each party. This company is in particular pursuing the claim against CTG and its former advisors and has transferred all claims rights to it.

The Annual General Meeting will be held on Wednesday, June 12, 2019 at 5:00 pm, Lysaker Square 12, 4th floor, 1366 Lysaker. There will be further details of the above.

Annual accounts with notes and the Board of Directors' report are published on the company's website www.nop.as, cf. § 11 of the statutes.

Lysaker 3.6.2019
Per Gunnar Løge
Chairman

https://translate.google.com/translate?hl=en&sl=no&u=https://www.nop.as/&prev=search

Yes - not much is it.

ahh zeb - I have purchases at 2.5p here!! from september time.

https://www.energy-community.org/dam/jcr:8796f176-2963-4a91-86ca-cf052df56fed/GF092018_GNERC.pdf

this downloads a pdf from gnerc - georgia national energy -2018

i was being quoted 2.73p to buy just prior to that - so I would say, on balance, a buy

https://simplywall.st/stocks/gb/energy/aim-bloe/block-energy-shares/news/we-think-block-energy-lonbloe-can-afford-to-drive-business-growth/

When Block Energy last reported its balance sheet in June 2019, it had zero debt and cash worth US$13m. In the last year, its cash burn was US$5.6m. So it had a cash runway of about 2.4 years from June 2019. That’s decent, giving the company a couple years to develop its business.

in april miton held 13,848,312 shares
in aug miton held 19,848,312 shares - 6m more.

announcement today - still holding 19,848,312 shares

rns - miton change of holding percentage.

djm - canargo needed more cash to continue the driling etc - they could not get it during the crash in 2008 - they filed for chapter 11 bankruptcy

for the record - the norio n60 sidetrack we are supposed to be doing soon - is going after a large asset that canargo failed to monetise because they dropped a fracking tool in it and wrecked it.