Member Info for SEA7

thanks Gary,

Puts things in to perspective when someone is making EUR11 a day, to survive, when we are happily buying more shares in bloe at a time than she will earn in years and then complaining when the stock price doesn't move up, because we think they aren't doing enough.

If block can achieve its aim and builds up the are and the company into a mid tier operation, then I would not be surprised to see things like the local roads being enhanced by block or other projects being added in, as it the case around the world.

tks zeb - I was going to add again at 2.35, after buying at 2.4p but didn't take it - should have done.

from 6th Jun rns.....

Block Energy plc (AIM: BLOE), the exploration and production company focused on the Republic of Georgia, announces that it has today allotted 1,469,125 ordinary shares of 0.25p in the capital of the Company ("Ordinary Shares"), details of which are set out below:

1,091,291 Ordinary Shares have been allotted as full and final settlement of deferred consideration in line with the Taoudeni Resources Limited share purchase agreement (details of which are set out in the Company's Admission Document dated 4 June 2018). 977,383 of these Ordinary Shares have been allotted to Plutus Strategies Limited, a company in which Paul Haywood, Chief Executive, and Niall Tomlinson, Executive Director, have an interest. The agreement to issue these shares was completed on the 3 March 2016 at a time when the Company's share price (adjusted for subsequent share consolidations) was 15p.

163,418 new Ordinary Shares have been allotted to Philip Dimmock, Chairman, at an average price of 3.67p in settlement of fees amounting to £6,000 due to him. In addition 69,957 new Ordinary Shares have been allotted to Chris Brown, Non-Executive Director, at an average price of 3.81p in settlement of fees of £2,667 due to him. The issue price of these shares has been calculated monthly, based on the 30 day volume weighted average price ("VWAP") for the periods to which these fees relate. The agreement to issue shares semi-annually in lieu of fees was made in 2018. The Company has been in a closed period and unable to issue shares to directors for a large portion of 2019.

144,459 new Ordinary Shares have been allotted to a consultant to the Company as settlement for services provided on the Georgian operations since January 2019, to a value of £7,685.

yep - zen has had some short lived, successes in the past, however, the wells clearly have not continued to deliver and the old soviet data that they were modelling on has proven to be unreliable.

The dataset on c37 is complete and more recent, so they have much greater confidence in its accuracy. This step change in the plan was needed and we cannot be too far away from some decent results.

yes, thanks Rh - we ought to get some momentum on the drilling front now..

from the rns dated October 22, 2018

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE), the dual listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that additional, ongoing geological and reservoir investigations have enabled the Company to identify a new structure in the Middle Eocene and Upper Cretaceous formations of the Jafarli Field.



Key Conclusions:

· The Jafarli field is a dip-closed anticline, located in the south-east tail of the Muradkhanli anticline in the Yevlakh - Aghjabady depression.

· Historically, the primary productive formation in the field has been the Middle Eocene, consisting of volcanogenic clastic layers and fractured marly limestones draping and lapping the Mesozoic underlying structure which is identifiable in the 3d seismic surveys performed in 2008 and 2011.

· The identified structure measures approximately 3 square kilometres with a significant degree of closure indicated by a thickness of approximately 100 metres.

· The study recommends that well C-37's total depth, 3,987 metres, be deepened by approximately 200-250 metres with the following two objectives:

1.) Penetrate sandstone layers found in the adjacent well C-22 where historical well data indicates that initial production was approximately 700 barrels per day from the Middle Eocene formation upon drilling in 1986.

2.) Penetrate the Mesozoic (Upper Cretaceous) formation, which has not been previously tested in this structure to verify its fluid content. The new Cretaceous play could potentially unlock valuable new prospective exploration activity to be performed in the Muradkhanli and Zardab fields.

· In order to better evaluate the potential benefits of successful drilling activities the Company has calculated the reserves potential of this structure by hypothesizing certain petrophysical parameters expressed in similar Cretaceous reservoirs located in the north-western part of the Kura basin. The aforementioned reserves calculation has confirmed the Company's intention to proceed with the performance of drilling operations.

up 9.6% today so far.

has someone closer to the ground heard something!

Duke - I was being offered stock at 2.35p yesterday morning just after the bell, although I didn't take it as I felt there was still weakness in the price.

compass may have been one of those who bought on the 4th Sept when the range was 2.2 -2.5 most of the day.

china new star are on china's list of dishonest companies or at least were a couple of years ago.

Vm group filed complaints about the tender process and wanted contracts that New star have cancelled. cannot see any links

see this doc for reference...

https://ifact.ge/en/oil-gas-tender-china/

sure you got the right board maladoni

nothing stopping the team calling block and advising that they have exited completely - as a courtesy, so they can update the shareholders list.

IR comms behind the scenes between companies and investors, happens more often than most realise.

yes bebeto - I was trying to remember who quoted on this BB, that after a placing and the way things have gone, it could re-trace back to 5.5p - I recall the poster getting absolutely slaughtered for saying it.

I kept out of that debate, as I felt that the 5.5p call was not ludicrous, based on the variables in play.

Those variables have remained in play and the stock is closer to 5.5p than it has been for months. I have cash set aside for 5.5p - if we get there.

i see our man, andrea is in this group - the azerbaijan-anglo society... in photo on the left..

https://www.facebook.com/AngloAzeri/

same here ezhik

yes - andrea did say that he was buying what he could at the low prices, however, as he hasn't been, then it would seem that market sensitive news is in his possession that we are not aware of yet. Unless of course he just simply isn't increasing his stake in the open market for now.

ezhik posted a news release regarding c37 from when it was originally drilled and put on production.

They stated 22 tonnes per day, which equates to around 190bopd.

Zenith stated that it was producing 5 bopd before they intervened.
Zenith stated that it cleared an obstruction during deepening preparations.

There is every possibility that the reason it dropped from 190bopd to 5bopd was due to this obstruction and no matter what happens in the deepening activity, we could be looking at it going back on production at up to 190bopd, from the same producing zone as before, now that there is no obstruction.

someone sold £7k worth of stock and £400k is removed from the current mcap. This has nothing to do with the underlying valuation of the company - just bored investors selling.

zen trades on setsqx, which is a hybrid order and quote driven system - meaning no maximum spread and prices can jump all over the place - market makers will provide quotes to maintain a market when low volumes are present, however, actual bid/offer can vary widely from the displayed prices.

thanks AGEOS, i get what you are saying now. Thanks for clarifying.

thanks ageos,

I had viewed them as equally challenging for both companies, so it would seem that zen acreage being simpler and having been covered in more detail, they should have enjoyed more success to date than they have.

and if the sp does get down to 5.5p and I see no real reason why, apart from people boredom selling, then I will be buying some.