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Started: Mrnaddy100, 20 Jun 2024 16:11
Last post: bigboffer, 21 Jun 2024 12:43
Rob, having wasted lots of time on AGM nonsense previously in various companies, I never attend as its just talk and what we need is action. Listening to PH talk about his success at bloe would be a step too far for me. I have zero interest in what he has to say. I am only interested in positive action and SP value for investors so I can exit this share.
Boff, how did it go at the AGM?
I bet PH did not enjoy you actually telling him how you feel face to face.
It would be interesting to hear his comments regarding him running another company while being paid by bloe.
Did he give any indication on the other projects ?
If he can get the timing right plus actual do a deal, then things could improve dramatically.
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Hey guys. Im hoping this stays at this ridiculous price as I want to top up again once I get paid. All my spare money is being chucked in here. I really believe its going to to make some big moves in the next few months. All it takes is a little spark and its going to fly. All in my opinion of course
Started: Chesh, 18 Jun 2024 13:20
Last post: Batiatus, 20 Jun 2024 15:35
"trying to get an entry price?"
You speak as if the SP isn't low enough lmao
Who would invest here until the BOD can reverse their bad credibility and also prove there is a investment case?
It's not good enough saying they will do this and that but hardly any of them gets done.
The only thing the BOD were quick to materialize is the 16% interest rate they are taking.
Says it all really
Are you concerned bout the Proj III farmout/JV Baskervilleboz....? :)
You should sell up if so........! :()
All the best (before you do though, think CCS and Geo thermal on top........! :()
now is the time...
The issue here is that PH and co. siphon off everything into their vast pay packets before shareholders get anything, and when the company charge interest at a whopping 16% you realise that they have absolutely zero interest in private shareholders- despicable really.
' Quantum Leap'? , more like Quantum of solace ....' When all kindness has gone, when one person obviously and sincerely doesn't care if the other person is alive or dead, then it's just no good'.
.
Afternoon Peeps......!
Batiatus seems more interested in the history of this stock than it's imminent potential bobbbyrash......! :()
All the best (a few trolls trying a get an entry price bodes well IMO.........! :)
now is the time...
You seem to be very interested in this share as a non shareholder. Bit strange.
Last post: staypositive, 20 Jun 2024 13:46
Grower69 Hope all goes well.
Fingers crossed for her.
She’s got cancer , spleen rumour had ruptured , previous vet said couldn’t operate , new one said doable , so she’s currently under the knife. Thanks for comment Chesh
Morning Peeps........!
it's 11 o'clock (gone), and we should have an "all resolutions passed" RNS soon.......! :)
All the best (perhaps a report back from someone there, or even an interview......! :()
now is the time...
ps. hope ya pooch gets better soon grower69.
Is anyone on here going this morning, I was going to attend but got a very poorly pooch
Started: bobbbyrash, 19 Jun 2024 14:23
Last post: bobbbyrash, 19 Jun 2024 14:23
Https://agenda.ge/en/news/2024/39602
Maybe block can start supplying the gas to the country soon. Come on PH!
Started: yiannakism45, 19 Jun 2024 08:28
Last post: Hepseal, 19 Jun 2024 09:09
Yiannakism45 - "He is being paid full time plus bonuses to pursue his own personal interests."
More or less word for word what I have been thinking for some time now.
The EG deal must have taken up a considerable amount of his time over the last couple of years.
And no mention of it on his CV on the Block website.
Hepseal ,you are trying to cheer us up I suppose.
He is being paid full time plus bonuses to pursue his own personal interests.
No wonder he paid others to do the negotiations for the farm-out.
He has no time for Block.
Priority No.1 is PH and who cares for the shareholders.
Started: Chesh, 15 Jun 2024 13:55
Last post: Chesh, 18 Jun 2024 16:44
"Also, eye's on my 2nd team, Tues (17:00).........! :) "
All the best (an good luck Georgia........! :)
now is the time...
Have more chance on Croatia winning the tournament than these guys getting the gas off the ground and commercialising it imho
Afternoon Peeps........! :)
Eye's on the obvious game tomorrow (20:00) England Vs Serbia.....!
and well played Scotland, getting a goal against Germany is a result, wave dem kilts........! :)
Also, eye's on my 2nd team, Tues (17:00).........! :)
All the best (ya know.........! :)
now is the time....
"Georgia's national football team makes history by claiming victory over Greece in the playoff final of the UEFA Euro 2024 and securing its first-ever spot in a major football tournament"
go Georgia....(however, share the gas whatever the outcome).........! :()
Started: Batiatus, 18 Jun 2024 12:59
Last post: Batiatus, 18 Jun 2024 12:59
Don't forget the BOD are charging 16% interest for the money they lent to the company.
How STEEP is that.
They are definitely doing for their own interests.
If anyone thinks otherwise, they need to get their head checked
IMHO
Started: Madman-Rob, 18 Jun 2024 12:36
Last post: Madman-Rob, 18 Jun 2024 12:36
Can Block Energy improve the returns from their existing wells?
Natural decline will take over.
Bloe had a debt that has to be paid back or renegotiated in August.
They are currently cash positive. That is a big plus.it gives them breathing space to move forward.
However, there is now a ticking clock running.
Without any addition project they will run out of money at some point in time. Time scale unknown but probably, at least a year away. So, all good financially for now.
My personal view is that they needed a minimum of 6 months, of which 3 months have past, to have any chance of negotiating a deal. In all likelihood it will take longer.
Management are certainly aware of all this and at the moment their hand is strong.
There are two views:
1. The "Boff" view: they will run the business to the ground extracting fees along the way until they are bankrupt and PH should go.
2, They are engaging in negotiations to bring home a far bigger prize that will finally give the lth a return. They have stated their intention to enhance the company.
They also have the option to carry out another phase 1 well to potentially bring in revenues. That would depend of the cash situation.
I am still watching this share closely and will not dismiss buying back in.
Started: yiannakism45, 17 Jun 2024 15:21
Last post: rpg7, 18 Jun 2024 10:58
Bit of hypocrisy there i think bedex ' what about all the personal attacks on PH, together with the puerile de-ramping.
Which share chart are you looking at rpg? It's not apparent to me. "Head of a donkey , shot yourself in the foot etc."
Personal insults don't make an SP rise, however I'm sure you are convinced you are really right to hold on. Or are you just locked in?
It'll be some time before we will know who was right or wrong, meanwhile PH and Ço. will continue to milk it for themselves
Talking about' mid summer nights dream ' yiannak you remind me of the character in that play ' bottom'- you know the one who has the head of a donkey.
I think you know ph as well as i do by the sounds of it.
Any of the Mid-Summer nights`dreamers attending the AGM/ Can you ask the Magician when to expect the Quantum Leap?
Or if he intends to roll-over the loan before that happens or convert it to shares when the share price bottoms according to his agenda!!
Started: bedex, 11 Jun 2024 19:55
Last post: Hepseal, 17 Jun 2024 15:31
Gary1960 - That's about the size of it.
So far we are quantum leaping towards sub 1p again, no pr from the company, ph neglects his job to create shareholder value, biggest clown CEO on AIM with comments like that and then nothing happens for half a year and God knows for how longer
I will have a guess - it's because he is a pump and dump merchant.........
Go on then I'll nibble....whys that then?
Bit of a side issue here but some of you will remember "Piscator1" who also posts as "The Skipper" on Advfn - People on Advfn not to happy with him at the moment!!
Started: bobbbyrash, 16 Jun 2024 09:21
Last post: Baskervilleboz, 17 Jun 2024 14:40
Read the RNS 's when Paul Harrison _ 'Expert in the field CEO' , declared a major find and then the share price rose above 15p - a few days later the commercial discovery was mainly...... water. It could happen again , but it's ok the directors on this gravy train reward themselves, very handsomely.
Geothermal potential ? Seems like hot air again. Another shareholder waiting for the potential to show up in meaningful numbers.
And they have had a few years to get out fool.
Yes but who would want to invest their hard earns into a company ran by a CEO with a record of over promising hugely and then under delivering by miles off the target.
Remember the 1500bopd estimate turned out to be less than 100bopd and the SP went from 15p to 1p?
Many of the names here bought in on the hype at 10-15p highs
Https://agenda.ge/en/news/2024/39555
Interesting to note that representatives of GOGC were there.
Extract from 11th April 23 RNS :-
The MoU also covers other areas of cooperation, including geothermal, carbon capture and storage, specifically the south dome project located within license XIB and hydrogen projects across Block's licence areas".
Interesting times ahead!!!
Started: bobbbyrash, 13 Jun 2024 11:48
Last post: MgBRG96, 16 Jun 2024 08:01
Good post Gary, I actually think Boffer like many that choose to post hear aren't invested or investing by purchasing shares. The great thing about the few posts we do get the agenda is easier to see.
If things are really as bad as these people say why have Indorama just invested 60m in Rustavi Azot? Indo are actually looking at increasing production and with that the gas requirement will increase as will the need for an increased Carbon offset.
Were waiting on Block to announce and hopefully we'll be seeing some more news as both the AGM and Farm out approach.
Boffer - Had you actually got what you wanted - namely the Pair of Scottish Asset Strippers installed on the BOD you would now be sat on million of shares worth sweet F.A. and well you know it. Your weasel words count for nothing on here - you have absolutely zero% credibility on the board. Whinge as much as you want, you are not getting your own way - I rest my case.............................
Seventy five percent of them....
What all eight of em. big toss.
Better to interrogate trade prices.
Smoke and mirrors.
Started: Mrnaddy100, 12 Jun 2024 23:49
Last post: Avi8r, 13 Jun 2024 08:34
Conversely it may just be that they are aware and not interested in getting involved for various reasons. People buy people and all that...
Hey guys, hope everyone is good. I agree with Bobby that this is ridiculously undervalued and that one day something will click and its going to fly up, with the amount of value we have under the ground surely people must be aware of us and hopefully plotting a move
Https://bm.ge/en/news/indorama-has-announced-about-new-investment-project-in-jsc-rustavi-azot
From yesterday announcing new $60m investment!
Did I mention it's Blocks partner btw in developing our 'world class ' CCS business.
Meanwhile the value of our whole company including our drilling rig and 2.7TCF of gas and the hundreds of millions of barrels of oil etc etc is £8.5m
Sooner or later something is gonna happen here big style! At the moment it's a f*ckin joke.
Started: bobbbyrash, 11 Jun 2024 19:38
Last post: bobbbyrash, 11 Jun 2024 19:38
Https://garibashvili.ge/en/n/all/korporatsia_indoramas_damfudznebelsa_da_tavmjdomarestan_shekhvedra
From last year when it was mentioned several times that Indorama were planning to invest even more in Rustavi Azot.
Started: bobbbyrash, 10 Jun 2024 08:21
Last post: grower69, 11 Jun 2024 16:31
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Shh. the boff has gone to sleep ,hope it's hibernation.
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Https://agenda.ge/en/news/2024/39482
Solid growth for Georgia!! As the country grows, the need for energy grows!
Started: greybadger, 11 Jun 2024 10:19
Last post: greybadger, 11 Jun 2024 10:19
PH is hanging on to the news until next week, I understand the caterers are organised and an A List entertainer booked. Let the party begin!!! (Hope I’m not the only one there).
Last post: Louphil11, 10 Jun 2024 06:49
So your logic is that if one company fails in a sector all companies a doomed to fail in that sector.
Batty what an idiot
Sometimes it's not just about the fundamentals of a company (which Bloe don't have much except a lot of false promises), you also have to look at the geopolitics. If Georgia were that supportive of foreign investment, then FRR would not have screwed up.
It appears Bloe's future is grim until they can prove and instill some more confidence to the shareholders.
Batatius …. Did you research anything before posting that message , what do you think P3 farm out is about ….. gas. Is it completed yet, no , have they started drilling p3 gas yet, no , this will come and agree with chesh , they have ridden some rough ground over last 5 years , with only dilution being own staff wages (which they paid for in substitute for Wages) I think PH managed that rather well. Now he needs to silence all the critics once and for all with p3 roll out … ccs roll out … p4 updates and a couple of p2 drills
Really Batiatus......?
Covid, negative Oil price, Schlumberger gift, Current farmout/JV, potential CCS (read the news :)..........!
All the best (me bets you want in........! :()
now is the time....
ps. within 5 yrs, I reckon this will be double figure pence........! :)
What have bloe achieved aside sending the sp from 15p to 1p, and what happened to the supposedly game changer from the gas sales
Yep.....!
All the best :)
now is the time...
Hepseal i have chesh on filter for that reason . he makes the story up to suit his best out come ,most likely scenario is block would have kept plodding along one drill every nine months if they could but have been forced by georgian government to
look to farm out if they haven't got the funds to do anything themselves ,Georgia look at this as a national asset
as has been said before farm out usually results in the other partner paying for the drills and sharing the profits not paying mega millions up front
Started: Chesh, 31 May 2024 11:04
Last post: Chesh, 7 Jun 2024 15:23
Just tried to top me SIPP up (HL).......!
NT to buy c.£800's worth, so much for their high trade fees 'n other costs......! :(
All the best (rubbish.........! :()
now is the time...
V.small Buy order in the 11 o'clock auction at 1.32p......! :)
any takers for 100 shares.......? :()
All the best (testing the water IMO........! :()
now is the time...
I guess that the longer it goes on Hepseal, the more interested global parties are doing their DD and or squabbling over the final offer for Proj III farmout/JV.........! :()
All the best (all bodes well IMO.......! ;()
now is the time...
Chesh / Boffer / Grower - From memory PH sad that they would be running a Farm Out Marketing Campaign that he anticipated would run for 3 - 6 months. As I have pointed out previously that does not necessarily mean there will be an announcement of a farm out partner within that time frame. An announcement could of course be any time but IMO it is more likely to be later than sooner.
Bigboffer........!
obvs I'd be disappointed, however..... it's a massive "if" that you put forward.....! :)
PH probs stated "should", "approx", "maybe" in his 3-6 months time line for Proj III farmout/JV, check "Inv.Meet.com" for confirmation........!
3-6 months seems like a reasonable time scale for all those global interests to do their DD and then make offer/compete for the farmout/JV dontcha fink.......? :()
All the best (we're in at different averages/times BB, but have the same interest, and that is for Block E. and PH to succeed........! :()
now is the time...
(66 days now BB BTW.......! :)
Started: BurtonD, 7 Jun 2024 14:15
Last post: Chesh, 7 Jun 2024 14:33
Also on Twitter (x).......! :()
https://x.com/BlockEnergyplc/status/1799067063102923193
All the best (worth a moment of ya time........! :()
now is the time...
Started: bedex, 5 Jun 2024 19:25
Last post: grower69, 5 Jun 2024 20:26
And it’s dropped for even less …. Literally less than £50…. MMs clearly trying to help someone accumulate
Agree ... it's a funny auld world ...how this AIM plays its cards ... its like been an alcoholic ...and even the look of a whiskey bottle ...makes one excited ... what aload of shi....
2 buys for less than £1k total and the SP rises.
Naughty, naughty MMs!
:))
Started: Stratton-Oakmont, 4 Jun 2024 11:24
Last post: bigboffer, 5 Jun 2024 12:38
Aye, me one of em.
Many filled their boots sub 1 penny bb.
In my case as low as 0.695.
Awaiting a news update and will review again.
Many individual PIs in here with multi million holdings.
GLA holders when news lands.
Can I ask that if our CEO says the share price is in for a quantum leap and you believe him, why arent you filling your boots ?
considering 2 or 3 tiny sells puts this share on its ****, i'm suprised we're not up a lot more today.
Seems to be a lot more buys/trades than the last few weeks, today.
Started: bobbbyrash, 5 Jun 2024 12:25
Last post: bobbbyrash, 5 Jun 2024 12:25
So just to repeat myself on what I said a few weeks ago. If we can inject 250k tonnes a year at minimum $40 a tonne profit we are looking at $10m a year PROFIT. We have 256m tonnes storage capacity (forget the basin storage) 256m x $40 = $10 billion profit??
The only question I can see is how fast can we inject the CO2?