Member Info for Terrier54

Wednesday if the sentiment continues.

A keenly anticipated update published by @BlockEnergyplc in late December shows the company continues to make encouraging progress with the second well drilled at its flagship West Rustavi field he company’s fundamentals are sound. Following its placing Block has the funds for a substantial drilling programme: at its October AGM the company reported a cash balance to June 2019 of £10m. The company’s market cap is £20m. Georgia is one of the most stable of the former Soviet Union nations, with a parliamentary democracy, consistently strong economic growth, and a modest but established oil and gas infrastructure. The company has a strong operations team with deep knowledge of Georgia’s geology and hydrocarbons infrastructure, and a highly ambitious management team blending relative youth and experience, open to new opportunities in the Caucasus and beyond.

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The block sell that held it back.
MM's confident to buy it at 5.1p Nice :)

Any solid volume should push this quickly towards 6p.
MM's letting it run.

And Miton significantly contributed to the fall in SP to it's current position .

Significant Shareholders Number of Shares % of Issued Ordinary Share Capital
Amati Global Investors 64,772,000 16.42%
Georgia Oil and Gas Ltd 21,590,000 5.47%
Mr Alastair Ferguson 20,514,243 5.20%
Mr Jon Fitzpatrick 14,940,910 3.79%
Iskander Energy Corp* 14,000,000 3.55%
Mr Niall Tomlinson (Director) 2,223,419 0.56%
Mr Paul Haywood (Director) 2,143,419 0.54%
Mr Philip Anthony Dimmock (Non-Executive Chairman) 475,918 0.12%
Mr Chris Brown (Director) 69,957 0.02%

All sitting tight :)

Obviously you were playing with your cellphone in English lessons.
Imminent: adjective. likely to occur at any moment; impending:

I think we can safely say Christmas isn't impending.
But looking at your history tells it's own story.

ATB to Long term holders.

Spread atm. bodes well.
This was leaky before the appraisal well results.
Production news and well flows imminent.

Could well be a run up to 8p again.

There's been plenty of weird trades over the last few months.
The trend appears to have been broken.

djm1

I was being conservative at double the SP.
If the pressure in 16az with the upgrading hits the test results without the water ingress, the skys the limit.
That first appraisal well will be a massive benchmark for the following drills.

Market often knows first..

If news is positive this should double.

Leak ?

Is, news update could land anytime.

I think you'll have a long wait.
About 11 years or more at it and probably another 5 to come if they survive.
Investors nightmare here.

Funding ? Lol.

You couldn't make it up !

No logical reason to sell now apart from boredom.

Time for BLOE to start the momentum upwards with some fresh positive news.

Goes from stength to strength.
Strong cash position.

Within a week, the Company intends to announce its 2020 capital budget, which aims at replicating last year's success by more than tripling annual production and achieving a 2020 exit rate of 20,000 bopd.

Says the poster that's negative about every stock, just check his posts lol.

You sure must have been burnt badly.

Next RNS can't be far away and could well be the game changer. To me this SP isn't relecting the potential output that should be transformational.
Sell up if you're nervous and move on rather than tell the world.