Member Info for Avi8r

Cont'd

He needs to demonstrate true alignment, not just language, less “quantum leap”, more delivery vs timelines; visible, personal alignment, buying stock on the same visible, personal alignment (buying stock on the same terms, not just option engineering).

heywood needs to change the way he communicates. Stop the hype, no more quantum leap/transformational language unless backed by hard numbers and timelines.

Start offering a scorecard past promises vs outcomes, look to publish annually: “What we said last year” vs “What actually happened” (KRT-39ST, Project III, CCS etc). Explicitly acknowledge misses, why they happened, and what has changed in decision-making to avoid repeats.

Provide regular, predictable updates moving away from radio silence, then silly hype interviews (quantum leap) and commit to quarterly operational updates and annual capital-allocation letters, so no one has to guess.

If he expects shareholders to keep funding the story, he should participate meaningfully in raises on the same terms as others and commit not to dump stock any time soon by no personal selling until CCS/Project III milestones achieved. These are standard operations by other companies, there is no reason Block cannot do the same.

Trust in heywood is low and getting lower. He has no credibility and shareholders must be laser focussed on him and his actions. More importantly, he needs to know this. There are measures that can be taken, particularly as a shareholder collective. He needs to realise and understand who he is accountable to and that power does not rest with him.

The next AGM is Wednesday 25 June 2025, so any further dilution or negative actions by heywood gives adequate opportunity for shareholders to take appropriate action at the AGM.

Heywood and others have swapped options for actual shares:

heywood: Options cancelled: ~75.75m (4p, 1.325p and nil-cost). Receives: 57,143,382 new/assigned shares. Now owns 134,139,905 shares, c. 13.3% of voting rights once admitted.

Other also receive sizeable share blocks but no longer hold options.

Management now have more vested interest in success, but no longer needs the share price to reach 4p or 1.325p (original options prices) to unlock value. Those cancelled options are well above the current price, incentively, those are underwater, so they only pay out if the price performs, but free options given to people no longer working there which is not ideal.

The company gives a fully-diluted reduction labelled as 0.8%, but the raw numbers imply about –2.7% suggesting deception. Its not carelessness and serves to create further confusion.

heywood now now has circa 13% plus other insiders’ holdings means the boardroom vote is stronger, which MAY be good (they are locked in and motivated). However the downside is that its harder for shareholders to force change, depending on TRUST in the current strategy. If its ’s a housekeeping move pre-CCS farm-out,: to clean up the mess of old incentive plans, removing EBT distortion, and standardising everything ahead of a potentially transformational 12–18 months then potentially a good thing. The real drivers remaining are the CCS proof-of-concept, Project III farm-out, and Project IV farm-in completion.

Fridays trading flat close, tiny volume, wide spread suggests “indifference / no strong view” rather than fear or excitement potentially viewed as administrative clean-up. Serious holders view this as positive, hold, wait for CCS / Project III / Project IV catalysts. Others might dislike these optics but clearly not enough to sell given the tiny volumes. Either way, trading says more about a lack of interest/liquidity than about a strong view on the RNS itself.

The RNS is structural hygiene which slightly improves long-term outlook, but doesn’t move valuation. The real share-price catalysts remain: CCS performance/scaling news, Project III gas farm-out terms, Project IV drilling progress/results and KRT-39ST slim-hole data.

Despite all the above heywood remains the problem. He cannot read the room and clearly doesn't give a damn about the shareholders. He needs to be explicitly clear about the company's intentions, provide evidence of alignment, not just words, reassurance on process, not outcomes and delivering operationally.

The fastest way to make de-listing fears fade is simply to execute CCS progress/Project III farm-out/Project IV drilling success. Only consistent actions, aligned incentives, and tangible operational progress will prove heywood is aligned with shareholders. He needs to demonstrate true alignment, not just language, less “quantum leap”, more delivery vs timelines; visible, personal alignment, buying stock on the same

Given you dont seem to understand the process @Wilkorp let me spell it out for you.

In the case of CCS, water is both the enabler as you can’t mineralise CO₂ without it and the throttle as you can’t scale CCS faster than your water handling allows. So your flippant comment becomes more relevant than your supposedly initial intention.

Must try harder...

For the great unwashed, uneducated, lazy, here is an overview of the CCS.

The completion of the initial CCS CO2 pilot injection was announced 26 Aug 25. 13.6 tonnes liquid CO2 was injected with 300m3 of water and sodium fluorescence tracer, at pressures of 120-130 bar. No CO2 leakage was detected on the surface following the injection.

Block anticipates 4-6 months to determine whether CO2 has successfully mineralised in the reservoir. That would be as early as 26 December 25 to 26 February 26.

For info, the original study ascribed a total volume of 151.5 Mt in the mid case. The OPC study (Prof. Oelkers) assessed up to 256 Mt maximum potential.

Never let the truth get in the way of a good story...

Yiannakism45 - I dont believe they are rampers per se, but people who believe in the company and its potentials. That is made relatively clear in the narrative. However, no one seems to have anything positive to say about the core issue, ie, haywood.

haywood is out of his depth, not focussed on the mission or the company and using it as a cash cow. The leach that destroys any value this company has, despite all its promising potential. He is the problem and the problem needs addressing.

If the next news release fails to shift the share price or is not positively accepted by the market he needs to be removed. His credibility is zero, zilch, nada. That much is obvious.

With the right leadership this company would thrive. I want to see him replaced if he fails once more, and as shareholders we have that power.

It will be a long wait. heywood has no credibility and no idea

Why doesn't the company tighten the approval pack for XIQ, convert Project III’s “advanced discussions” into a binding term sheet via a structured mini-process, publish hard operational data (KRT-39ST) fast, and make the CCS verification plan transparent with named 3rd parties and dates. In parallel, remove avoidable capital-markets friction by clarifying “new ventures,” address warrant overhang optics and run a single, program-managed timetable across government, partners, and operations.

Too easy and shows how far ph is out of his depth.

Its coming to the point where shareholders need to demonstrate the power they hold and remove PH from sucking and bleeding the company dry for his oqn gain.

I've consistently stated he is way out of his depth and this latest nonsense is clear evidence of both that and his efforts to treat it as a cash cow. Enough is enough. There are mechanisms in place to remove him and with enough shareholder power we can achieve that.

Is heywood and until he is removed nothing will change.

So many missed opportunities he blunders along filling his pockets as he goes. Boffer highlighted this over a year ago too and thanks for the 'quantum leap' reminder. Proves PH has more gas than the wells he claims. A$$hole.

Nice find Bobby.

To add some detail to our CCS project preliminary research suggests the gas solidifies in circa 60 days. We have a total estimate of 8.6GT, however, how much of that can be proven remains to be determined, but even 1% will have a major impact. The FACT that solidification takes circa 60 days makes it world class too.

Again, not the worlds largest CCS opportunity, check out the Deccan traps in India, but ours are actually accessible making it viable. Block reported that reservoir rock analyses exceeded expectations for mineralisation potential. This meansBlock have demonstrated injectivity, surface containment at the test scale and provides evidence consistent with mineral-trapping potential in the reservoir.

This is all a favourable because mineralisation can deliver permanent storage at relatively shallow depths. This will attract industrial off-takes, supports carbon market engagement with and increases attractiveness of local farm-outs or JV partners.

In share price terms: 20p–£1+ range is within rational bounds if the market becomes convinced of commercial multi-gigaton CCS.

Block’s CPR says Krtsanisi sidetracks typically take ~45 days to drill, complete and hook-up—which points to circa 3 Nov onwards from the 19 Sep spud, with results thereafter if testing/logging is required. Next week onwards we can begin to anticipate results.

Which tool suggested a delist?

Probably some deluded poster who has probably had too much meths and listening to the fairies.

Block’s CPR says Krtsanisi sidetracks typically take ~45 days to drill, complete and hook-up—which points to circa 3 Nov onwards from the 19 Sep spud, with results thereafter if testing/logging is required. Few more weeks to wait yet.

"Are those posts meant to be meaningful debate?"

That you even need to ask this question is a good reason for you not being invested here. If you cannot work out the difference between debate and criticism then you are way out of your depth. Unless you are deliberately acting the fool?

Pointless engaging with it Gary. It neither has the intellect or knowledge to engage in meaningful debate.

Sad and lonely individual who has nothing better in life, drawing pleasure from perceived suffering in others. Takes a special kind of person that.

I have always maintained the problem with the company is PH. Success will come regardless of him and we know its a matter of time. The geology for the CCS is proven, the gas solidifies in circa 60 days. The amount of zeolites present determines the rate and capacity. We know its 8.6GT, just a matter of how much of that can be proven, but even 1% will make a difference. The FACT that solidification takes circa 60 days makes it world class too.

Other anticipated news:

KRT-39ST update (drilling / flow / test data)

CCS injection / pilot results / monitoring data

Farm-out / partner deal(s)

Ignore the noise from the great unwashed uneducated 🤡🤡🤡

Today’s drop aligns with no fresh company news ,thin liquidity & a few chunky sells rather than a known negative catalyst. AIM broadly wasn’t strong today either, which doesn’t help sentiment. Negative posters comment because they don't know or research anything. Quite pathetic, says more about them.

Every board has one: 🤡

These are not expected until end October – December 2025.

What gobby mouth wont admit or tell you is that the slim-hole wells are miniaturised appraisal tools. Cheaper, faster, and less invasive, designed to unlock geological knowledge and production potential that traditional full-bore wells would make too costly to test. It confirms where oil still flows and simultaneously provides data to design CO₂ storage sites. If the KRT-39ST well proves successful, it will validate Block Energy’s plan to expand cost-efficient production and carbon storage across its Georgian acreage.

Like I said, ignore it, it doesnt have the IQ required for debate.

Its sarah1234 back to haunt the forum, nothing more. Can't stand others being successful and needs to resort to petty unsubstantiated comments.

Block it, you can't see its nonsense and life is so much calmer.

Looks like something is brewing. Price is steadily moving up.

Potential news:

KRT-39ST update (drilling / flow / test data)

CCS injection / pilot results / monitoring data

Farm-out / partner deal(s)