Member Info for erazzel

150 min and green interest

Scirocco RNSThu 20:21
This is part of their RNS but I dont think it is us they are talking about .

capital growth.

The Company is in advanced dialogue regarding its first transaction in the sustainable energy space through the acquisition of an energy generation asset and is actively progressing with the due diligence process. Whilst there is no guarantee that the transaction will complete, the Board is reassured by the progress to date and will update shareholders and the market in due course. Any investment will be conditional upon shareholder approval being obtained for a change in the Company's investing policy. Further updates on convening the necessary general meeting will be made as and when appropriate.

The Board will continue to consider compelling opportunities around natural gas given its prominent role within the energy transition as a bridging fuel. However, with an increased focus on business development within the low-carbon space, the Board is setting new targets based around total shareholder return on deployed equity within relevant assets rather than the previously set hydrocarbon production targets. Based on the pipeline of opportunities within its new area of focus, the Board is targeting an enterprise value invested asset base of £150 million, capable of generating cash flow of circa £20 million per annum, within five years.

Better be a master piece rather than crayons on fridge

It’s not negative views I post. They may not be aligned to rose tinted glasses but I have not sold a single share on Bloe. I want this to come good so your zen comments have fallen to the wayside.

I’d appreciate it though if you were not so aggressive

AJW - you are gun ho.

I'll watch the SP thanks.

The word Mature well does not sit good IMO.

No need to swear thO

only 2 wells are patched on to the EPF, so another 4 are required.

This will not be cheap.

only 2 wells are patched on to the EPF, so another 4 are required.

This will not be cheap.

they are looking at 4 wells?

Pullback as expected - Whats happening PH?

all good, just need to tie that in to the accounting period and reporting timelines then you can work the re-rate.

After Schlumber and their golden egg give away, this is definitely one to watch.

Average here for me is 7.4p unfortunately.

So has Zaza Mamulaishvilli

BLOE have definitely had more success with the Ministry of Energy than others to date (Yes FRR - i am long there and Tethy's to be thus far down the line and ready to supply.

The only difference is that Block have money in bank. If they can grow without Death Spiral loans attached and good cooperation and communications to Ministry and GG and shareholders then i'll wish the money i had put in FRR was all in here.

I just feel that the GOGC are key here to allowing growth.

Maladoni, it should be in the double digits now!

No, i just think the market will want that on the balance sheets formally first, then when you see repetitive income you get momentum with investors piling in for FOMO.

Fundamentals are not really used so much these days for speculation.

No offence, see you here in June for the 16p party, if not we''ll be in the 5-8p range.

Not jealous at all, not sure thats my impression. anyway, i have made my assumptions here.

I have a Long term holding here not that it matters. I juts think Georgia is on the precipice at present and would like to see sovereign independence avail.

I know they have raised monies. But they will go for more

Is passive revenue being created still on the Perforation technology they have royalties on?

Georgia is on the cusp politically of make or break with regards to domestic resources and the South Sea Corridor.

Agreed, but you need the first payment to land first. Then bobs your uncle.

The price should be 8p at least, so the range of 5-8p needs to be breached for price discovery after the teens if PH can deliver on and above forecast/ expectations.

The past fails are priced in so its a coiled spring here on fundamentals.