Member Info for Avi8r

“its ONLY results that adds value not HOPE.“

OMG, how ignorant and belligerent are you?!

No one has said anything about hope here. As for results I refer you to the recent "independent engineering report" confirming excess of 1TCF natural gas resources with a net present value exceeding $500M. 

A comprehensive evaluation of Block’s technical work, including geology, geophysics, petrophysics, reservoir engineering, development plan, well design, costings, commercialisation and economics, confirming Blocks technical case.

And

Substantial proven natural gas resources, declared a strategic asset by Georgia. plus further substantial proven natural gas resources elsewhere.

How much more do you want?

Please. Leave the 1970’s and join the 21st century, you continue to look ignorant, desperate and pathetic with your unfounded comments.

I just have to respond to this. Normally I would ignore, but I'm bored.

"Probably best to rely on results than conjecture???" Its hardly conjecture, its evidence underpinned by facts, evidence and data. That alone forms the basis of the share price rise that is coming.

"what does rolls royce have to do with anything???"

Its called an example. Like you are an example of an ignorant, narrow-minded, bitter and twisted individual, hiding under the suggestion of knowing all, yet knowing nothing.

Thank you rlightor, have reposted under a different title. Was unaware posts were/are being removed.

Am sat down route at the moment, time on my hands, so decided to do some research. Its not difficult and the information is easily accessible, but more importantly, its created and delivered by reputable 3rd parties which adds credibility to BLOE's situation. Things are improving and its only a matter of time before the price is higher. Discounting other events, that should commence with confirmation of farm-out partner.

Rolls Royce was in the doldrums during covid, trading at circa 33p, but aviation was always going to return and grow. Currently it’s in overdrive. I made a modest investment and am now sitting on a 10-fold increase, which is what I expect to happen here.

People can trot out the tired story of the price being down by 90% and 'can't get it out' but they overlook something called progress.

The recent "independent engineering report" confirms excess 1 TCF natural gas resources with a net present value over $500M. Furthermore, a comprehensive evaluation of Block’s technical work, including geology, geophysics, petrophysics, reservoir engineering, development plan, well design, costings, commercialisation and economics, was completed, confirming Blocks technical and economic case, being a cornerstone document for the Project III farm-out process.

The farm-out is simply the start, getting it right is essential but the fact that China National Petroleum Corporation (CNPC) are interested is no accident.

Furthermore, BLOE has identified substantial proven natural gas resources, which have already been declared a strategic asset by the Georgian state. In addition, further substantial proven natural gas resources exist elsewhere, opening the prospect of additional material developments.

There is so much potential here and like RR the price will increase as these projects come online.

Now who would you believe?

Someone constantly posting negative, unfounded, angry posts with a sinister agenda, ('its down 90%', 'you cant get it out', 'it will delist') attempting to be funny yet coming across as bitter and twisted, calling anyone, who challenges it, names.

Or professionals with qualifications and experience reporting on the matter?

Yes, balanced debate is important to critical argument, but resorting to the same unfounded commentary just makes you look ignorant, desperate and pathetic.

If you cannot add cogent argument and rationale to justify your position, why bother posting?

Rolls Royce was in the doldrums during covid, trading at circa 33p, but aviation was always going to return and grow. Currently it’s in overdrive. I made a modest investment and am now sitting on a 10-fold increase, which is what I expect to happen here.

People can trot out the tired story of the price being down by 90% and 'can't get it out' but they overlook something called progress.

The recent "independent engineering report" confirms excess 1 TCF natural gas resources with a net present value over $500M. Furthermore, a comprehensive evaluation of Block’s technical work, including geology, geophysics, petrophysics, reservoir engineering, development plan, well design, costings, commercialisation and economics, was completed, confirming Blocks technical and economic case, being a cornerstone document for the Project III farm-out process.

The farm-out is simply the start, getting it right is essential but the fact that China National Petroleum Corporation (CNPC) are interested is no accident.

Furthermore, BLOE has identified substantial proven natural gas resources, which have already been declared a strategic asset by the Georgian state. In addition, further substantial proven natural gas resources exist elsewhere, opening the prospect of additional material developments.

There is so much potential here and like RR the price will increase as these projects come online.

Now who would you believe?

Someone constantly posting negative, unfounded, angry posts with a sinister agenda, ('its down 90%', 'you cant get it out', 'it will delist') attempting to be funny yet coming across as bitter and twisted, calling anyone, who challenges it, names.

Or professionals with qualifications and experience reporting on the matter?

Yes, balanced debate is important to critical argument, but resorting to the same unfounded commentary just makes you look ignorant, desperate and pathetic.

If you cannot add cogent argument and rationale to justify your position, why bother posting?

Looks like BLOE has closed up @ 0.97 this week, recovering some of the gains from the 14 Feb.

Piscator1 - Save all the pages into a word document and then paste those links here.

Talking of 'divs', 1 sausage... 🌭. A real div or is it just a d!ck?

Saucysausage - looks lie a d!(k, behaves like a d!(k, talks like a d!(k, therefore is a d!(k

Maybe the company has employed legal smoke and mirrors leaving the hyena's to fight over an empty box, whilst the prime assets have been quietly moved elsewhere in anticipation ready for return in a different guise. Certainly saves on costs and litigation.

"Hopefully a good sign that previously contentious parties are now made to deal with each other instead of being locked in endless and costly litigation."

This is what I alluded to recently, only Looed states it far more succinctly!

Sounds like sausage is sarah1234. I sincerely hope not, but seemingly at the same IQ and crass level.

Montiburns - an excellent commentary and explanation for the uneducated.

My take on this is through allowing the insolvency to proceed places the company away from the debtors and its now Deloittes responsibility to gain whatever financial compensation it can to appease those. Quite often creditors get nothing.

Assuming SN has deep enough pockets then once Deloitte have settled or identified the amount to satisfy creditors he can buy whats left and return to market. That being an extremely simple generalisation, but it does appear, reading between the lines, what is happening.

Potentially its good news, it means the company can return to market, but also at significantly or potentially lower value than prior to delisting.

My only hope is that SN is true to his word, and so far there appears to be no evidence to challenge that.

Lets put this 'quantum leap' comment into perspective.

PH was clearly excited about something and given his yooof allowed that excitement to get the better of him with his over-enthusiastic use of the phrase. However, he was informing us something good is coming and since then, there have been a couple of positive developments.

Those of you aligning the quantum leap with the 1st quarter are wrong - read the RNS again carefully; there is nowehere where the quantum leap is confined to a timescale. Maybe PH could have tempered his enthusiasm, but clearly something was driving that and we now know what he was referring to, ie, Chinese, farmout, CO2 storage and 1TCF min gas.

That these havent been brought to market within a week are reflections on the impatient investors here. Despite all the nonsense thats gone before there are now some very positive signs for the next year. If, by this time 2025, we are still where we are now, then PH will be an abject failure. He knows this and he knows this is his last chance at achieving success.

The foundations are now in place. Once development commences, from there we should see some positive and steady increases.

Looks like boffer has replaced the other troll

You missed an important part relating to carbon capture and storage, which is quite relevant in todays climate.

"Project III also offers potential for a commercial Carbon Capture and Storage ('CCS') opportunity having a capacity of 151.5 million tonnes of carbon dioxide. The reservoir's rocks would allow for the application of low-cost, high-impact CCS technologies already in commercial use in Iceland. The project, which has potential to establish a major net-zero hub in central Georgia, underlines Block's commitment to sustainability.

So, if in the mad rantings of the troll, if they can't 'get it out', then they can now get it in.

Multiple opportunities now coming to light. Share price is holding and strangely its only going one way. Unless of course you live in an alternative reality.

The Chinese are operating in the country. Their commitment underlined by the presence of a Chinese organisation using services supplied by CNPC at an onshore location between the Black Sea and Block's Project III.

In a separate project the Chinese have recently completed a 51.6 Km east-west highway costing circa $1 billion.

Re 2 deep drills that the Chinese are doing next to project 3. Further details in the RNS here, dated 22 December 23: https://polaris.brighterir.com/public/block_energy/news/rns/story/wke8lyw

Working being undertaken by China National Petroleum Corporation (CNPC). The reason there is no news is that BLOE "believes news of its initiatives and operating developments no longer conform to a quarterly news cycle and therefore risk compromising strategic and commercial discussions with potential farm-in candidates."

No doubt this will be seized upon by the troll, but it makes sense to avoid compromising strategic and commercial discussions with potential farm-in candidates. The 'quantum leap' posited is not in Q1 2024, rather the comment was that Q1 2024 is going to be 'extremely busy'. Whether that suggests the farm-in candidates will be announced in Q1 remains to be seen, but given the latest RNS it cannot be far off now.

Either put up or shut up.

Rather than repeating your 1970's mantra that 'you can't get it out' why not explain WHY? If you cannot do that, do the world a favour and disappear, otherwise you merely confirm your belligerent luddite ignorance.

No doubt someone will be along shortly to inform everyone Block wont be able to 'get it out'. That someone needs to realise its 2024, not 1974 anymore.