Member Info for Avi8r

Sharon Urias is a partner and serves as the Intellectual Property Practice Group Leader at Greenspoon Marder LLP. Ms. Urias is experienced in providing business and intellectual property litigation, including trademark, domain name disputes, patent and copyright litigation. Acting on behalf of the plaintiff, ie, the person or entity bringing a claim and seeking legal remedy.

Interesting its to discuss intellectual property and this is the claim based in Texas if I'm correct, which was livestreamed back in June. It appears to relate the the TI which is extended to 2022. Remember ZM evidently has no funds so unlikely to be able to afford a defence.

Part of the TI stated
"Mamulaishvili, is immediately restrained from competing with Frontera and its subsidiaries in violation of his employment agreement (the "Employment Agreement"). Not only is Mr. Mamulaishvili wrongfully competing with Frontera, but he is in the process of stealing its assets and operating them for his benefit, and Frontera has no adequate remedy at law."

Hopefully the introduction of this lawyer will make the TI permanent.

Whilst I agree with your premise, note the reference is 2023. Not 2022, so hardly relevant given the situation. An active social media presence can be useful, but not in this instance.

The need for this current drill to prove is high and the company's survival literally depends on it. No amount of social media can ignore or avoid that. Clearly, if it's good then the use of social media to promote will help, but the current price suggests the market is not impressed.

What else has the company done today to cause the price movement drop by 7.5%?

Sharing this on twitter is hardly going to enhance the cause. Seems the market agrees and penalised accordingly.

"Goldman Remains Bullish On Oil Despite OPEC+ Decision … The bank’s analysts said they see “very clear upside risks”, per a Bloomberg report, adding it expected an average price of $85 for Brent crude in 2023."

This is just desperate by BLOE when they need to focus on reality and immediate matters in hand. Screw this up and even if oil hits $850 a barrel in 2023 will be immaterial as this company will be long gone.

"We are winning how can yoiu beat us, you can't even launch a jet off your only aircraft carrier and you expect to win."

Who are you referring to? UK has more than one aircraft carrier. Interesting though, USSR copies everything the West does, but then imitation is the best form of flattery. At least we have class ;-)

That matters NOT. BJ is nothing to do with this company whereas ZM is and has caused immeasurable damage. Lets focus on the matter in hand and not introduce politics.

'Pro se'; meaning self.

Why on earth he'd want to do that give the trouble Orrick had clearly demonstrates the problems he's facing, and of his own doing. This suggests 2 things tough; a) he doesn't have the funds and, b) the ability to represent himself in the US is highly improbable so he will likely withdraw.

Slowly, as Looed mentioned, all the claims are shedding ZM and the company is beginning to be free of him and the disaster he's wreaked. Time will tell if FRR will be true to their word and return to market with a re-listing on LSE, but each and every week now that is looking more and more likely.

Been a very long wait.

Thank you for the reply Looed and Lifeishard.

Looed, your contributions and insights to the company are valuable and allow me, and others no doubt, to have a glimmer of faith. It is encouraging the company seems unconcerned about Cayman and associated Texas filings, but the comment that focus is on US and Georgia is telling and suggests the support of influential people, maybe with an agenda as has been alluded previously.

Fingers crossed this does come good, but the proof is in the pudding which needs to evidence by way of re-listing on the LSE.

"As they seem to be focused on unravelling the story told to them by ZM about Green and the company, it would seem they have a bit of catching up to do."

I like the way you word that! Implies another pending claim withdrawal. One by one these actions are being dismissed and ZM has less and less of thread to hang by. Would be great to see all claims dismissed and the company in a position to resume operations.

Key though, the patient shareholders who have stood by and helplessly watched this saga unfold, combined with the vitriol from the likes of winnifirth, but massive thanks to Looed for the constant and measured supply of information as it comes available. I don't know how or where you get this information, apart from you do have contact with someone in the company, but it would be even better if the company would provide some form of statement to affirm the position.

Agree, BH should take some blame here. 50Bopd? FFS, thats 1.5 gall/min. Joke.

Time for Haywood to go and install someone who knows what they are doing. Pointless complaining about the Scottish contingent too, they would have achieved the same result.

Do or die now.

Probably one of the most positive statements to come from the company in the last 2 years. At last it seems the tortuous tortious matters are coming to a close. To achieve legal confirmation from 2 different judiciaries in separate countries speaks volumes and is indeed extraordinary.

Unfortunately criminal proceedings, commenced July 14 in Georgia against Mamulaishvili in connection with unlawful appropriation or embezzlement in especially large quantities will take a long time to reach completion if UK and other judiciary systems are to be compared. Unless of course, Mamulaishvili see's sense and falls on his sword, having been found against already and seemingly having no way to win.

Whether their goal of continued cooperation with the Government of Georgia and being an example of successful U.S. investment in Georgia through encouraging U.S. companies to consider opportunities in Georgia for their next investment location includes re-listing on the UK stock market remains to be seen.

We live in hope, but today that hope is more than it has been for a very long time.

Irrespective of what people think of AJW, if you are posting details you believe are relating to, and identifying him, that is very disingenuous.

Hardly. Given the way the company has behaved the price will only move up on outstanding results. At least a month for that to materialise. If the results are poor, well you know already which direction it will head.

Multibagger? Only for those shorting it.

Interesting while we wait, Block's Twitter account continues to post messages regarding the price of oil: 'Oil surges to highest since 2014 as OPEC maintains supply hike.' https://twitter.com/i/redirect?url=https%3A%2F%2Ftwitter.com%2Fi%2Ftopics%2Ftweet%2F1445323122840940545%3Fcn%3DZmxleGlibGVfcmVjcw%253D%253D%26refsrc%3Demail&t=1+1633508464268&cn=ZmxleGlibGVfcmVjcw%3D%3D&sig=69008a9ac51f56e1894f23aa47e3eea2541af6be&iid=8b54577765c84f178c08634f58980f9d&uid=585100011&nid=244+272699409

Are they teasing us? Suggesting things are looking good. Given the history around PH and the need to get it right the market will not forgive him a 2nd time so I'm inclined to think these teasers are subtle yet deliberately designed to inform. Time will tell via the official route, but let's not get all excited just yet.

Someone asked about demand destruction a few days ago following a post I made. I notice Block have now posted on Twitter a reference to this subject too: https://twitter.com/BlockEnergyplc/status/1443174147660689418

Demand destruction is a worry, creates a bull market, but in the longer term the effect will bring the price[s] down driven by reduced demands induced by prolonged periods of high prices in parallel driven by consumer spending behaviour.

Demand destruction can evidence through reduced fuel consumption combined with reduced disposable income, both currently evident in the fragile economy. Increased pressure from higher energy (oil & gas) will drive the destruction further as consumers look for alternatives (improved fuel economy, electric vehicles, hydrogen and so on) to avoid impact to disposable incomes suffered from increased prices.

On that basis, and assuming successful results, I would expect a temporary price rise which then settles somewhere in the region of 5.5 to 6p. I cannot see a multibag, despite all the excited posting, however, given we are going into winter with increased gas demands the price may explore 7p and more, depending on demand and routes to market.

This is a tough one to call, hence the lack of any real movement. A lot of factors at play here, notwithstanding the CEO lack of credibility but also geo-politics, wider economics and supply infrastructure. Would be fantastic to see 10p but that is purely fanciful territory in my opinion, however if it does see that I, along with many others, would be very happy.

There is yet a further element that is adding to the problem along with the PH elephant in the room which is the predicted demand destruction. If that does come to pass with oil surpassing $80 per barrel it will have a seriously negative impact here.

We could end up seeing the price languishing around this figure even if results are exceptional, especially if Hepseals figures are correct. That would mean a glut accompanied with a lack of demand. Price will only go one way then.

Curtains will be twitching indeed. How long is soon? Soon enough I hope but a multibagger this will not be given these elements.

RNS is out

Block sold at average of $66 per barrel then. A 21% increase in price (at todays rates) with predicted consolidation at this price bodes well. Cost to production for Block is circa $20 so revenue will naturally increase, although the wider market will cost more to reach.

I don't expect well test results for another week, but the current situation and market demands bode well. For me, 10p will prove a tough barrier, thats a 300% rise from todays price and gives a mkt cap of £62.6M compared to todays £15.9M. Block will need some outstanding results underpinned by excellent sentiment and confidence to achieve that. Sadly, PH has failed to inspire that.

Transformational? Maybe.

Interesting RNS from Chariot Ltd, an MOU for a green hydrogen project to develop a 10GW power station from renewable resources (hydrogen production from renewable energy sources). Given all the right credentials this could well be transformational for Chariot, the agreement with the ministry of Petroleum, Mines & Energy, Mauritania adding further credibility.

A small rise, but one to watch for the future. Meanwhile, we wait patiently here for anticipated news and the longer that takes the better.

Easily in the top 20 largest power producing facilities worldwide

Been given an MOU for up to 10GW in Mauritania.

Lets see the impact that has then.