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Hepseal , not sure why you are attacking Chesh, it’s nice to see someone being positive about the stack rather than that idiot Sarah , I too also complained about her because her posts were intended to falsely attempt to put off any new investors , she said so herself … even calling herself their guardian angel, idiot! I remember the post you are on about , clearly it’s not a factual line , more an assumption, the fact this one line is being targeted and blown out of the water bafffles me. It’s very easy to assume , given the close ties to the Georgian government, that they want P3 off the ground as soon as , so you can easily assume they would be saying to Paul , come on , we need to go for the big guns. As per his presentation, P1 has given us the revenue to be able to get us this far without need for any dilution , unlike companies such as 88E who dish them out for fun. We haven’t had a raise for years, and no need to either, we are cash flow positive and it’s funding everything to date with a tidy profit. This will be confirmed in the annuals in a couple of months.
My point is , stop worrying about assumptions and concentrate on the facts …. 2.7B tcf gas …. Project 4 commencement… project 2 farm out , £140m expenses to reimburse (that’s 17p share on its own) a big player could easily offer us for the lot , I reckon between 17-40p for a quick sale , anyone with a sizeable chunk of shares could be set for life with that kind of a return
Either way you put it Hepseal the company has cleared the matter up by saying...
" for strategic reasons associated with advancing project iii. the company continues to experience a very supportive partnership with the georgian government."
No, because the post has been taken down but I clearly remember it and as I said Chesh should be able to clear the matter up if he wishes to.
Can you point us to the post Hepseal?
Either way whoever posted it we now have the facts that it was a strategic pause to concentrate on P3.
We need to remember that this is a small managerial team doing a big job over four projects.
MgBRG96
"lastly for the record sarah alleged that chesh has stated that 'it was the government that have stopped block drilling on pi'"
"as a result i reported her endlessly as it was untrue and baseless"
The only problem is that Chesh did actually say something on those lines - come on Chesh OWN UP!!
morning all,
bedex,
you're not holding here if my memory serves me correctly but have a half decent amount in frr but haven't posted there since january. that imo is at odds with logic, last week was another pivotal week for frr but you've provided no opinion or insight on the frr board but have instead come and rinsed out block and its management. you slate ph and his comms regularly and refer to the shares for salary a fair bit yet you haven't for months taken to the frr board talking about their comms or management.
can i ask why? as i'm genuinely at a loss as to the logic unless of course you're either here to save us or don't want to see another in georgia e&p company do well.
lastly for the record sarah alleged that chesh has stated that 'it was the government that have stopped block drilling on pi' so after reading that i got off my **** and checked and it was nothing of the kind it has only been paused and was
" for strategic reasons associated with advancing project iii. the company continues to experience a very supportive partnership with the georgian government."
as a result i reported her endlessly as it was untrue and baseless and was affecting my holding but more importantly lying about the company.
back to wider block, ph in my opinion has navigated some pretty rough seas and has done a good job with all of the projects, the cash burn is low and he and the team have bolted on some pretty groundbreaking incentives like the ccs which aligns with both the chinese and saudis.
there haven't been regular confetti share issues like many companies with the company earning its own money through oil and gas sales, i'm sure a small number will moan about the shares for salary scheme during covid but again i think that was genius from a share holder perspective as cash was conserved, from a person receiving shares in lieu of salary and knowing the potential i think it was a genius swap and imagine how holding shares in the company you work for instead of taking a full salary would focus your mind,you'd want it to succeed the more shares you get.
so in summary and especially at these levels block is probably at a point where unlike many of the other trendy stocks where people follow the crowd without looking at an rns is doing something significant. 2.7tcf of c resources? come on now if that isn't worth a punt i just don't know what is.
have a great day all
soz missed a bit, avi8r, i sense you're about to turn feral on the board, you been a tad positive on block had a few nibbles around the edges of negativity but how long before you go hard over negative and tell us you've sold out and then just trash the company daily? can't be long i reckon, this coming week? maybe next?
Like what bedex?
Congratulations guys getting any posts critical of the current performance of the BoD and the SP.taken down
Putin would be proud of you.
Onwards and upwards eh?
"..the noise in country". What noise in country???
Since 2017 China has made it clear that the Silk Road is strategically important and developments have been ongoing for sometime. That Russia's 3-day SMO is now in its 753 day has focussed attentions towards alternative sources. Tbilisi Energy and GOGC being the 2 largest in Georgia, if BLOE manage to secure a JV soon then maybe we will see a share-price uplift with associated production output & sales, but nowhere near these.
As for your comment "Schoolboy error maths" I don't believe I actually quoted or included any figures so am at a loss to comprehend your criticism. I am becoming increasingly wary of your commentary too; clearly English is not your first language, yet you are happy to castigate contributors and imply you are cognisant with more than you actually know.
No need to give it away though
Hoping it'll be long gone by then Grower, the noise in country says to me that whoever is the first to secure energy supply will gain a real strong hold in Georgia. The Chinese want the Silk Road securing so I'm hoping they're in a hurry.
I am happy to wait two years tbh , especially as those double digits will easily start with a 4 upwards if it goes that far , my personal feeling is will sell around 20p plus
Https://www.bbc.co.uk/news/articles/c724r643698o
Block energy ahead of the game ;-)
Double figures.......yes. But 2026.
Please stop AIM dreaming and have some realism.
L et's go for a billion ... what's the difference ... just a few 0000000 ...gla
It’s actually £140m
Unfortunately Avi8r I disagree, the 120m back will push it into double figures and the farm in beyond the 20pence. Schoolboy error maths Avi8r
I think double digits is stretching it a bit, but in any event would be most welcome. Sorry to disagree, even if slightly, just dont go calling me sarah...😉
Hey guys. Its getting very exciting for all us shareholders, I think we will be looking at possibly double digit share price in the next 3 months. Thats my opinion. People are rightfully upset about the past performance of Paul but it seems like he's getting his act together and getting the projects up and going. Whats done is done and I think we should all look forwards to a more lucrative future rather than living in the past. All my opinion
Well a slight tick up ...and a few buys ....
You have problems thinking don't you boff? your blinkered view on PH and you inability to write anything other than "Paul must go", shows that your trading and comments are based on emotional bitterness.
It would be more helpful if you were to give your balanced opinion of the interview instead of snide comments. But you can't, can you?
Why is another person's trading of such interest to you. May I humbley suggest that you stop acting like a troll.
At least I wrote a personal view of the interview.
I will buy and sell when I want.
Please don't reply.
Take as long as you like ,preferably an eon or two
It's a great summary of the presentation..........! :)
obvs not happy to be labled a troll at the end, but that aside a rec from me........! :()
All the best (I guess MMR has unfiltered me yeah.......! :()
now is the time.....
So you think the company is such a great opportunity that you havent bought any shares ? Let me have a think about that for a while.
I knew the troll would have my post taken down. It's why I saved it.
Troll hate the truth.......
Just listened very carefully to the interview.I see a great increase in the amount of green filters. I can never understand the trolls total inability to process and understand what people say in an interview.
My take, for what it is worth is: Project 1 has generated enough money to keep the company going and help with moving along with the other projects. Project one will stop unless they need to maybe do one more drill to stay cash positive. The project 1 results did not move the share price and they now have enough money. I was happy with the reasoning given.
Cash flow positive is very important. It is also a very good position to be in.
I think Paul side stepped the repayment of the loan. He did say continue with the load or paid out of the farm out. It is still something that has to be paid. And the time scale will not necessarily fit in with the farm out.
My gut feeling was that everything Paul said will take a lot of negotiation and planing. Approval will be required.
I personally see 3 month before initial news and 2 years to get everything up and running . As long as they have money it will not be an issue.
However it will only take an announcement that a farm in partners is found to send this share to a much higher level.
Or news on the other projects.
There is a massive amount of gas and oil in the ground.The Government are very keen to get their hands on the gas and oil. They will be supportive.
The big turning point will be project 3, project 2 and 4 will eventually happen but it's project 3 that will give the return.It looks to me a great share if your happy to sit it out. Cash flow positive means they can progress with making the big bucks.
As stated I am not invested. For me it's the timing of when to buy back in. That's always the fun part.
I will certainly keep a close eye on this share.
2.7 TCF is massive as it the oil.
As for the likes of Sarah, he is either a paid troll or just someone who needs attention. All the words spoken by Paul indicate a good return if your willing to wait. I guess the positives of the interview does not sit well with the troll.
Just my take and DYOR.
You play a game sarah. You are useless at it and no one other that the chesh troll care about you.