Member Info for Avi8r

"It's a rollover you stupid clowns."

Dopey-Mouth. Every time you post you confirm your stupidity. Pathetic. 🤡🤡

Project III is focused on the undeveloped gas-bearing natural fracture system within the Block’s Lower Eocene and Upper Cretaceous reservoirs. BLOE estimates the Project could achieve production of 4.7 bcm per year – around 40pc more gas than Georgia currently consumes.

In December BLOE received a non-binding farm-in offer for Project III from ‘a large energy company’. The indicative offer includes a full carry of the Patardzueli-Samgori appraisal programme, comprising three historical well re-tests (two Lower Eocene and one Upper Cretaceous); two highly inclined sidetracks targeting the Lower Eocene; and a full suite of reservoir data acquisition and well-testing operations.

In addition to the appraisal carry, the offer includes an initial development carry covering the construction and hook-up of a 20 MMcf/d (c. 3,300 boe/d) early-production facility. Block estimates the total gross cost of the proposed carry to be in the range of $25-30m.

Negotiations are advancing with a major international energy and petrochemical company on a potential farm-in to Project III. The company has signed a non-exclusive MoU with a leading international trading company establishing a framework for potential future gas offtake and marketing cooperation. The farm-out would see initial production of 20 MMCF/d (c. 3,300 boepd) following completion of the appraisal programme, with a planned ramp up (in the 2C case) to 200 MMCF/d (c. 33,000 boepd).

Project IV is focused on another farm-out, for the XIQ PSC just north of Block XIB, in which the company holds a 10pc interest. We know thats Aspect Georgia, LLC an E&P company who have committed to an exploration of XIQ’s Martkopi Terrace prospect, which holds 301.7 MMboe mean unrisked recoverable prospective resources.

Anticipate Project III news circa April. March would be good, but its coming.

"As expected the share price is collapsing."

Yeah, 7%. Every time you post dopey-mouth you confirm your stupidity. Pathetic.

"So they're not happy with my correct predictions, but, if I had predicted wrong, they also wouldn't be happy. Not that I care but it goes to show how immature and unreasonable these grown adults can be. Embarrassing."

ShyteMaster - the only immature and unreasonable one who is embarrassing themself here is you, with you incessant deluded ramblings. Go home you clown, your village is missing you. 🤡🤡

"Thats a late reported sell from this morning suckers." 🤦‍♂️

Oh dear dopey-mouth, can't get anything right. Bitter and twisted sucker yourself. 🤡🤡

"Share price is slipping back."

Oh dear, dopey-mouth stating the bleeding obvious. Let me guess, Wetherspoons have free wifi?

"Momentum gaining strength"

Hardly. If you were familiar with Block you would know otherewise.

All the 'experts' arriving...

'Why this isn’t already £50m mcap is beyond me, just wait until p3 lands"

2 letters: P & H

"No 10p or 15p then?"

StockShyster - your village called, they're missing you.

Good observation @rlightor and so easy to overlook.

It also underpins the strategic investment opportunities in Georgia and these are being accessed by some large organisations. Project III is a large petro-chemical organisation, so we can expect to see a different player entering the frame at that point too. That too will further strengthen credibility.

I would aniticipate Project III confirmation April earliest. It will be the one that moves the price clear of 1p, hopefully closer to 2p.

Not only good news, but this starts to consolidate our position being a de-risking milestone before Project III news window opens.

Strategically significant, we have partner-led growth validation, its financially advantageous (zero capex, no dilution) and technically credible (D&M data + US partner). Furthermore there is positive read-through to Project III & IX.

It meaningfully strengthens Block’s position in negotiation for Project III farm-in because it proves external validation, government backing, basin potential, and non-dilutive partnership execution. Project III is most important for near-term re-rating, this is a positive catalyst for that

"MBO, MATD, BLOE, ORCP, ... 😂"

mxd2025 - I know, and all on nearly £300k tax free per annum. Tough life. 🌴

Yes, there are a couple of informed and measured contributors to the forum, which encouraged me to buy in a just over a week ago. If it goes to £1 I will be surprised and pleased in equal measure.

Shares_To_Buy - sincere apologies, my message was meant for mxd2025

"Might even see a holdings reduction RNS after all those 50k dumps yesterday ?"

He's the one posting drivel and acting the 🤡🤡

"Or we might get an RNS which sends us into the ££s"

Or you might phuq off and give us all a break from your drivel, 🤡🤡

Go home shytey, your village is missing you. You deluded 🤡🤡

There's no point explaining simple things to shytemeister, it just doesnt have the capacity or intelligence to understand. Changes its mind more than its underwear while promoting false narratives, its not playing with a full deck. Somewhere a village is missing its idiot and sadly we have to put up with its diatribe.

Its the forum 🤡🤡

We have 2.7TCF. We have a non-binding farm-in offer from a "large energy company" that could fund the appraisal programme and initial development, subject to agreements and Georgian government approval. If ph pulls his finger out of his a$$ the a binding farm-in could be signed and submitted for approval: Q2 2026

At this rate its a race between gas in and gas out.