REMINDER: Our user survey closes on Friday, please submit your responses here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Shed. You’re not wrong but even if the company had 25% of the 2.7 TCF as proven resource it’s still a very significant increase in the company’s asset value. I too was surprised not to see CCS included in the video, I can only think this was rushed out for potential investors, it’s been out on display for months.
I agree with that Heps and I have also wondered if you were in talks with another party considering a farm-in on PIII gas and / or CCS would it be an appropriate time to be shouting about it in a corp presentation? On the 2.77TCF we do need to remember it's still in the contingent resource category rather than proven reserves, still huge figures potentially but a farm-in partner would be shouldering a degree of risk.
Https://agenda.ge/en/news/2015/2029
Block must be in the mix with these Chinese companies wanting to invest in gas in Georgia. Just a matter of time!
Https://www.oilandgas360.com/chinas-tcc-company-georgia-eyes-to-become-successful-supplier-of-gas-to-europe/
Another very interesting article. I know it's from October 2019 but the Chinese company is specifically talking about Gas supplies to Europe. Is it not block that have 2.7TCF of gas ??
I'm still trying to find some info on the current Chinese deep drills next to us. If the rig was pictured behind PH in December last year at the wellsite then there is no way that it has just been standing idle all this time. Can anyone find any news on it?
Agreed stay positive…… let’s hope we are both taking very early retirement soon on the back of fantastic announcements
Shed - I think you may have already reached this conclusion but I have studied the video very carefully together with google earth images and RNS dates and I am pretty sure that all the external video footage was actually filmed in 2021 - as far as I can tell the more recent wells are not featured.
With regard to the Project 3 Farm out process (including CCS) they obviously have the various independent reports & data to fall back on but I am wondering if their advisers said they needed something extra to showcase the Block Operating Company and what they have actually achieved on the ground - just a thought.
Cheers Stayp - just a bit battle weary perhaps or just frustrated with comms & PR. PH was on record recently saying openly that PI gradual production increases have failed to move the SP and then they release a corp video that only speaks to that strategy. Recent positive SP movements have been down IMO (& the majority of PI's on here I suspect) to hopes on the farm-in and CCS possibilities and then they comprehensively overlook it in a trumpeted media release. You have to wonder if comms advisors are incompetent or let's consider "Cui bono" from a low SP?
Grower69 that is the thing about this share there are some healthy holdings among PIs. Between yourself and myself we are at 26m. Add some of the other PIs in and it keeps rising.
Our time is coming, GL all holders.
Well it won’t be me , sat on nearly 16m now, adding where I can
It feels like MM tactics but you never know which one it is.
I would certainly agree about available shares. Unless one of the PIs with a large holding decides to dump I cant see that changing. Its all about waiting for RNS news and positive news at that. This is when the SP will hopefully rocket, to what level will depend on the same reasons, will shares become available and at what price.
GL everyone, see you all in the morning.
I'm with Grower on this, there's been some serious buying over the last couple of weeks and again many will have done little research. This is due news but until then whatever is happening will continue but I do get the impression that there is a shrinking supply of shares so the weak, those punting and whatever the reasons will hopefully be left with whatever position they're in when news drops.
IMO MMs trying to shake off the weak willed, wasn’t many shares actually traded, news can’t be far off for certain
Why do we keep pulling back.
Shedulike Count to 10, then 10 more. Our time will come although it may take a little longer. What a strange old week so far. See what tomorrow brings.
GL everyone.
yian…. i didn’t look at someone else’s post … but i did have a look through all your postings , you share an awful lot in common with a certain sarah1234 …. you only post on this forum , same as her … you only **** off ph … you continually berate block performance .. and even question led funding … only to be proved wrong at each turn . are you even invested here ? sarah continually bashed this stock and had not a single share to her name, why …. maybe linked to the scottish lot , i noted in your past posts you wanted them in.
ph has done sterling work here … not made a placing in 5 years .. all wells have been self funded , yes he got a loan he has links with … have you seen business rates on loans …. not same as personal.
the gas play will be a farm in with a free carry for us , so win win …. and you fail to mention the carbon capture , that’s with over 9bn …. that makes p3 look like loose change , and that’s 1.67bn
change the record and try being positive .. better still , why not try buying a share or two
Said with conviction, and judging by point number 4, with a crystal ball too.
Most holders will indeed hope you are wrong.
Only time will tell, nothing else!
Checking back on the Corp Update in Dec I note that while PH promises "A quantum leap for our shareholders", he doesn't explicitly say how we should expect the quantum leap to manifest itself. So far this week I've experienced a quantum leap in frustration levels so perhaps it's already been delivered? Sorry, thought a bit of gallows might help.
Grower 69,
1)Please refer to ephemera`s post of 19th April.This is a bank which could lend us money on very good terms if they buy all PH. I am sure he is not interested because at the Investor Presentation of the 11th of March he reassured us that he will roll over the loan he arranged at such despicable terms.
May be you were not reading all the RNS`s assuring us that financing of operations was secured from the proceeds of sales.
Well I thaught that now that all ducks are aligned he might have a go at securing a loan at better terms.
2)No good news in the next few weeks and we will end up begging him to roll over the loan
3) Some people on this board expect to recover the cost that SLB incurred in project III. Well this is dead money buried deep in the ground for which Block paid nothing.
4)The so called quantum leap will not happen in the promised time frame and will not amount to more than 5-6p.
I only hope you people are right and I am wrong
Best of luck
With the news of a potential farm in announced in December and a 3-6 month timeline surely now is the time as cheesh says...
Thanks Rock. I find it helpful to do the odd dummy sell.
Good luck to you and all holders.
Stay ... that's fair enough ... Ihave moved to L2 and thought I was missing something ...
I don’t get your point …. There’s a meeting Block haven’t said they are attending , so what makes you think it’s anything to do with block ?
Yup , was lucky enough to buy in bottom of dip …. Get the feeling that MMs are withholding trades today
Hopefully Block Energy will attend and obtain something concrete
They did not advise shareholders if they will attend.