Member Info for Thordon

Well good news comes Thursdays , still see this at 3/4p this Friday.

Thanks bumblebee1 , been burnt in the past & only because never fully done the research side.
Anyway this company going to grow fast , we are lucky we have some good experience directors running this company.

Still to buy , the results was expected but just on bad day across all the shares
over 75% have orders for summer for new range for AML

Auto bots still buying and selling

Block Energy Plc
At 6 April 2020,
1) cash balance of US$3.4 million and net crude oil inventory valued at US$470,000.
2) Early production facility, including a gas processing unit, currently in transit to Georgia.
3) West Rustavi field's production at wells WR-16aZ and WR-38Z to conserve valuable gas resources until the gas sales pipeline is complete later this year.
4) Prior to shut-in, West Rustavi field production remained stable at a choked-back rate of 325 boepd (155 bopd and 1MMCF/d gas).
5) Abandonment of WR-51Z
6) Gas sales is US$5.24/MCF At current flow
7) Breaking even at a Brent price of US$24/bbl on oil sales alone.
8) Depending on the oil price, the Company will continue to produce
and, if necessary, store oil from its Norio and Satskhenisi licences, as the quantity of gas produced from these fields is small.
9) Block Energy's net crude oil inventory is 18,000 bbls,
10) Update on West Rustavi 3D seismic
11) Blocks XIB and IX
12) Pat E-1 approximately 600 BCF
13) Block XIB initial production by 245 bopd.
14) Includes oilfield materials inventory of US$1.5 million in value,
estimated by Block.
15) storage for 36,000 barrels of oil, a workshop, a laboratory, and a
compound with an office and warehouse.
16) 90,000 B Oil storage, sales point and water disposal facility at the
GOGC site and its 18,000 B awaiting sales.
17) A state-owned underground gas storage project is located within the
boundaries of Block XIB and is in close proximity to the 600 BCF
stucture recently appraised by Schlumberger

Jaytee41 do you miss them , well they still post but less now as was hounded by the clan of small.
Any way as a reminder will post Block Energys positives and negitives

hi Fuse yes maybe gossip but its posted everywhere on gossip, think this may be a adjustment to the true value of Block energy of 3/4p.
Gas Connected 7p , 3D results unknown ; drilling program Unknown
Crude above $35 Dollars we break evens on oil recovery

Hi V111Jas yes was expecting a drop but held well , up my plan to 33p a share then sell to recoup investment then leave as free shares. at that point it makes no difference as they will lay dormant for several years , the same go for Loopup but my target is 500p but that be 1/3 with investment and massive profit.
have a plan and sticking by it , If the Free shares go down or up im winning which ever way.
Not telling anyone how to invest but thats my aim and how im carrying this out.
Have sold shares at a loss and also with gains , but the ones that carry the heart with research that are diamonds in the making.

Just been on several chat sites , the clear runner is a deal on the Gas finds maybe a takeover or deal as a partner being said.
The Gas is definitely the key to this company.

Was tempted to pay the £9.99 to see what was said , anyway was a good find.
My Guess the 3D results - there must be a massive find

Well had some luck this week , one of my two bad shares are coming good so selling out.
New a investor who jumped in when the deal was announce at 150p mark for AML did warn him.
Anyway the debt has been addressed for the next year at least , so will have a punt at 4K.
Also looking at TP Group and impressed , but have a look and see what you think , not on the radar yet which is good and bad as takes time.

Lol we have a Joker in the pack.
First time on here and has a dig

https://www.constructionnews.co.uk/financial/contractual-disputes-loom-for-one-in-four-11-05-2020/

The GoG shares are just a guess that they have sold out due to the volumes in last couple weeks.
Also since if we believe they have sold out , its why share price is rising as predicted by many on the board here.
until block energy have updated there web site then its a guess but a high probability.
Have a good feeling we will get news this week , lol also a guess

I would hold out eviking , as In-long said waiting till this trebles , then only selling 1/3 stake leaving rest in.
Not many comanys have growth and making money at present

Should see a positive rise tomorrow

Hi Jonnyf good points and value ; Was aware that we operated in those country's but not as a language capacity.
Do believe they was setting out another 12 Pods though-out the world so this can be expanded.
Not Sure if the likes of Zoom or others have this capacity.
And yes they are being conservative loop as the directors got burnt last year making a forecast that had to be re-adjusted later.
The Other point is that Pod Investment is carried in there ledger report for turn over , this should be reported as debt investment and would make a better P/E of the company.
Any way to you and the rest makes no difference except in the corporate world , and why the shares was also depressed.
My target is 500p then sell 1/3 of my shares making a good return and profit with rest sitting as free shares for a Long time.

JudgeJed Best advice Research the shares and read the share chats going back several months.
As to regards of buying to hedge lower this can work , but your increasing your stake and cash point.
If its a blip in the market on general then yes , if its bad news then no.
Also if the company is really wanted by TR1 then the MM can depress the share and try and trigger small holders in selling.
Good example of this late is Totally ; The TR1 and TR2 where the MM had a order for 5% and the SP was depressed in order to fill this order.After several weeks of others filling orders the shares was allowed to climb , except now there a new order for a TR1 and so the shares have slightly dropped again.
As to regards to your holding here , just wait the company is not selling any new loans and just collecting debt money , Based on that over a 3 year period worth about £2.40 but in truth that the benefit of who buys the company so looking at the £1 to £1.2 in your case sell as soon as you can reach the price you bought them for.
This is a High Risk but also High Gains if all goes well

GOG have sold all there stake now as was given shares for there oil rig and oil container of 90K barrels , so a rise above to 3/4p a share not out of the question.
Just waiting on news for 3D survey and Gas connection

Had my first go at Zoom for School children , was an experience to say the least as words was cut off or mumbled or brief no sound.
Anyway our two children are in the same class Irish Twins ( same year different birthdays ), the kids had 5 to7 minutes to talk to the teacher we was last but only got 1 minute. It only occurred that they was using Zooms Free service which last 40 Minutes.
we did ring the school and had words with the teacher , went down not very well.
Then it occurred to me how many are using Zoom free service now and the cost must be huge to allow this , any thoughts on this or knowledge how they can cope.
At least with Loopup you only get 1 month and the time minutes are limited , with Zoom all you need to do is log back in for another 40 Minutes for free.
My be pointless information but you never know.