Member Info for SEA7

Appointment of Joint Broker

The Company is pleased to announce the appointment of Peterhouse Capital Limited as joint corporate broker to the Company on the London Stock Exchange with immediate effect.

BLOE goes from strength to strength, announcing this morning that its West Rustavi, Republic of Georgia well number 16a has tested at 1,100 b/d ‘significantly in excess of its base case production rate estimated to be 325 b/d. Paul Haywood said to me that it was an ‘outstanding’ result and unsurprisingly the shares are up 70% at the time of writing. I remain convinced of his strategy and am scheduled another catch up with him shortly.

you are also seeing those that bought in at the recent run up, bailing out as the share price retreats and they haven't seen the momentum continue.

wait for the dust to settle, the next update, followed by the next leg up.

Why this small cap oil firm is up 70% today, Tom Sieber explains spike in optimism as Block Energy taps into Georgia's oil flows $BLOE #BLOE https://twitter.com/smallcappick/status/1112662287297511424

do not forget, this was fully funded for the next sidetrack, before this mornings announcement.

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

The market is waking up to the fact that this is the real deal and not hype.

exactly ezhik- we are looking good over on the other stock - come on zen, follow suit!!

hardly surprising that block is the highest riser on the market this morning - way above even second place.

That will also get the attention of many people who would otherwise never have heard of block energy.

small piece...

https://www.proactiveinvestors.co.uk/companies/news/217615/block-energys-expectation-beating-result-puts-west-rustavi-well-among-georgias-best-217615.html

yes - ezhik - very nice result!!

already pumping 60bopd at norio, so only 40bopd needed to cover all company costs.

Great test result, now we look forward to actual production rates, after the 72 hour shut in.

moving drilling rig BD260 to C37 in next 48 hours for rigging up.

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

Rigging in test and flowback equipment at well West Rustavi 16a

it will do, your price is just below the mid. Buy/sell indicator is determined by the mid price. If the trade price is above mid, it is displayed as a buy and below mid, displayed as a sell.

I am guessing then that most of us are penciling in the middle of april for an anticipated start date for drilling. Hopefully zenith will be in line with our expectations - this time.

Well, the first time they rigged up the BD260 it took them one month, from December 5th to January 4th.

So, if the last of the rig arrives around the 2nd April and they spend a month putting it up, then we begin drilling first week of may. I suspect they will be a bit quicker rigging up, as they have done it once, so mid to third week of April is
doable.

They began shipping - 28th Jan and got to 80% shipped by 18th Feb - 3 weeks in total.
They said, last trucks leaving Italy - 7th March, as per tweet.

They tweeted that 80% had arrived on 15th Mar - which means it took 25 days for the last of the 80% to get to the site, after leaving the italian yard.

If that 25 day travel time, applies to the last 20% which apparently left on the 7th March, then we are looking at the 2nd April for the whole lot to have finally arrived on site.

Perhaps they could consider telling us what is happening with the rest of the company's assets...

anything going on in muradkhanli?
anything happening with infrastructure on site.
anything happening with ESP's

And what about the Italian assets - are they doing anything?

flaring at well 38...

https://twitter.com/BlockEnergyplc/status/1108299923710230528

Hi ezhik, yes lets hope zenith can enjoy success at c37.

Glad to see we are enjoying some successes at bloc. It would be nice to see zeniths drill plan, be delivered successfully and in a respectable timeframe also.