II BLOE thread started on FRR page” New interview out with Paul and this stood out for me. Total Market Solutions – 8 Jul 19 CEO Interview - Total Market Solutions By Elias Jones Block Energy CEO Paul Haywood Interview TMS welcomes back guest blogger and financial commentator Elias to the platform where he shares great insight from his latest interview with Block Energy (LON:BLOE) an AIM listed exploration and... "Q8. Are you seeing expansion opportunities out there in Georgia to enhance the Block portfolio? Or will attention purely be over the next 12 months on current asset operations? Yes, we have always been on the lookout for new assets in Georgia and beyond, and our fundraise really opens up the range of prospects available to us. Over the past few months we’ve had many discussions with parties interested in entering Georgia, and lots of interest regarding mergers and acquisitions. We’re a young and ambitious company ever alert to new opportunities for bringing the best production technologies and techniques to Georgia and the wider region."
II BLOE thread started on FRR page” Another good update from block this morning. So what will the share price be in a few months? I don’t know but I suspect much higher than 14p. Assumptions (dangerous I know) 16aZ put into production this week with flow rates at 700 bopd giving new cash revs to Block of $9.2 pa. The next well, possibly due to spud this week and take 2 months to complete is aiming for 300bopd (could well be more and it may be less). So by the beginning of October Block could be flowing 1000 bopd. A 1000 bopd gives Block revs of $13.1 pa. I know that Block were profitable at 100 bopd so company costs could be around 1.3m pa. They have obviously now risen based on todays news so costs could now be around the 2m market or just under. So revs of 10.4m gbp and costs around 2m could mean Block making yearly profits of over 8m. On a PE of 20 that’s a market cap of 161m or 46p a share. I think a 35p price target is highly realistic. And then there’s the GAS!!!
Exxon+BH+Block Energy - comments! Hi Jaytee, Apologies if you think we were ‘kicking off’. I wish you all good luck with the BLOE shares. I don’t think anyone would begrudge those who have a stake in BLOE a nice rise in share price, especially after all the pain of the FRR debacle. I have no problems with them being mentioned, it is just neater now they have a dedicated thread. The depressing part is not of jealousy I can assure you, it is purely the fact that we are on tenterhooks and invested money is relative to each persons means. My fingers are crossed for you all. There are multiple FRR threads, that take time to go through if it is not possible to read them as they come in, which is often the case. These threads, and all inputs are invaluable, and I would certainly not wish for people to think my comments were out of spite. A genuine best of luck to all of you holders.
Exxon+BH+Block Energy - comments! I can’t wait for us to be all gossiping about a rejuvenated FRR on here But I’m not losing any sleep whilst we wait BLOE is interesting whilst we wait I was lucky enough to buy a few at 2.5p
Exxon+BH+Block Energy - comments! Problem is that I, and others I think, have found that this thread, originally ‘Exxon, BH, and Block Energy’ included lots of FRR stuff which was confusing. Hence a completely separate thread for Bloe. People seem to think it’s a good idea, especially in the absence of any action from II. TP
Exxon+BH+Block Energy - comments! As I said I’m heavily in Frr but don’t mind talking about others if this site doesn’t allow it. It was just a way around it and actually I think it’s made people aware of the potential of BLOE and hopefully made them richer
Exxon+BH+Block Energy - comments! Hi Jay, It’s just a clean break from anything FRR related and also so as not to indirectly get peoples backs up. I still believe in B12 and think the gas potential is massive but now needs a major to kick things off. I also think T39 is producing some good oil numbers, maybe anything between 100-300bopd. Cheers
Exxon+BH+Block Energy - comments! I find it hard to understand why a couple of members have decided to kick off now about this thread when it has over 135 posts and has been ongoing since last year. Maybe it’s because BLOE are about to explode and Frr are about to be blown apart. Yes I have a considerate amount in FRR but don’t mind BLOE being mentioned for reasons already explained. Hopefully the guys who are ii full members will soon get a reply to their secure messages.
II BLOE thread started on FRR page” Nice rise today, will be interesting what happens at 1600hrs if traders sell out for the weekend or if they’ll hold for the anticipated update next week and if they do sell if this get’s bought into. Good luck holders.
Exxon+BH+Block Energy - comments! No probs hofflar the general reply button is at the bottom next to topic controls, atb
Team TW FRR… XXXXXX Forgot all about these ( X ) has a takeover in transactions 1st July. They have not contacted me about it ,message saying info later on some sort of contract note ??
Exxon+BH+Block Energy - comments! Agree completely with your thoughts on this. I too, found it a little depressing - not in a negative way to the posters, just that we are all going through a rather large period of uncertainty with FRR at the moment. Appreciate your response to Chilternsmtb, Prior. Could I also ask all that the new thread is only used for BLOE discussions so that us that do not have BLOE shares do not miss anything with regards to FRR thoughts and information. I ,as I am sure others that do not post, regularly scan the FRR BBs, and much appreciate all of the input from the regular posters. The information and deliberations are very much appreciated. Thanks also. I used the reply option to Chilternsmtb as I cannot find a ‘compose’ option so unsure if this will be a new post or tag on the bottom of Chilternsmtb. We shall see.
II BLOE thread started on FRR page” The difference here is that funds are backing Paul to the tune of 12m and the state is a share holder. The company has no debt and 16az will likely be put into production next week at anything between 700-1000 bopd. Another 4 wells are fully funded and there’s potentially a deal brewing for more acerage. Topped up on the bell just to round my holding up. I did say on Weds we would be up Friday afternoon. Good luck, I don’t think it’s too late to get in. Absolutely no advice, investing is a risky old game!!!
FSHG - email Has FSHG made any attempt to contact the old Nomad stating their position in terms of ‘representing’ X amount of share holders and why one they resigned and 2 they authorized such an erroneous RNS.
II BLOE thread started on FRR page” The old trout Our dear friend Zaza did the same 2017/2018 And fooled everyone