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The independent engineering report confirms excess of 1TCF natural gas resources with a net present value exceeding $500M.
That translates to 60p and is only 1 project.
I know, you cant get it out of the ground 🤦♂️
Seems the troll has finally admitted its wrong:
"'regardless of reality' - i rest my case - all the best"
In other words, regardless of reality and all the evidence being presented by independent, qualified 3rd parties our own troll acknowledges but refuses to accept the truth, denying the evidence put before it which underpins the coming growth.
the day will come when this forum can turn a focus towards developments and a rising share-price with no-one having to contend with the mentally ******ed, stuck-in-a -time-warp, belligerent troll. whatever form the troll takes in reality, there is one certainty; it needs help. no-one in their right mind responds to every single post, no matter time of day. its just not healthy.
i'm not even convinced that when we do see a northbound rise it will even give up and irrespective how high it climbs, will continue with its doomsday prophecies.
consider the day it reaches [a not impossible] 60p given npv $500m and its still banging its drum about 'tried and tested geology' (not the extraction process) or that ...... [the tired old chestnut] 'can't get it out' or 'no one will want to farm-in'. that alone suggests the mentality we have to contend with; that blind, unwavering refusal to accept it could actually be wrong.
regardless of reality and all the evidence being presented by independent, qualified 3rd parties our own troll refuses to accept the truth. kinda reminds me of the emperors clothes story only this one is more ignorant.
“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?
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.