Sorry to bring this up BATSANUS but you don't exactly cover yourself in glory do you old chap.?
Here's one of your "charming" posts from the COPL board (Quote)
"Fraudsters will be jailed, and their wives and daughters can work on the street to pay off remaining debts"
I think we have enough shysters on here mate why don't you do all of us a favor and jog on.
New Year everyone (except for one or two resident doom and gloom mongers).
I have not been in here for a while and have to say I am pleased to see the SP back over 1.0p and
hopefully it keeps on heading in that direction. Looking back it seems that things might have stalled
on the drilling side but the introduction of heavyweight initials like CNPC has to be a good thing. They rank at number 5 on the Fortune Global 500 list generating 100's of billions of dollars in revenue each year. They will have four important things to bring to the table. Financial leverage, vast industry knowledge, contacts and "clout". I for one am very much looking forward to the next 6-12 months and how Block Energy changes in that time. Good luck every one.
It would appear that the lunatics have taken possession of the keys to the asylum. As it is becoming more and more painful to read this BB any more I am giving it a break for a while. I hope everyone has a good Christmas and hopefully we will see a different picture for Block Energy in the coming months. See you all on the other side of 2023.
Funny enough I have been asking myself the same question each and every day for about the past 4 years.
I am not part of the informal Block Energy "Glee Club" that want to sing PH's praises when none are due.
There is obviously something going on - we all know that - Until the news is out nobody knows how good or bad it will
be. In the good old days PH used to talk about growing the company organically (rather like yogurt). Have a cheap re-drill of a legacy well or two pull some oil out of the ground and fund future developments using the company's knowledge and expertise. How did that work out - 30 million spent, number of shares at issue nearly quadrupled since IPO and the share price at 0.80 p ......................................Lots to give him credit for .........Really.?
Really - The current SP is down 6% since the market opened and at 0.8p this is an all time low for the company. For those of you who think this is "going in the right direction" I for one am NOT convinced. In my view the leadership has succeeded only in turning what could have been an emerging mid tier O&G company into a near basket case. For me this is no longer a stock with great potential it is a recovery stock and the BOD need to start administering some form of first aid. No doubt the begging bowl will soon make an appearance and the confetti machine will get cranked over yet again.Sometimes I fell that being a stock holder here is like trying to decide how to pick up a turd by the clean end.
I look at other O&G minnows and see if there is any comparison. Block energy share price 0.85 p and over 700 million shares at issue and Macap of just over £ 6m - allegedly pulling loads of oil and gas out of the ground but unloved by the “Market”. Matd just over 1000 million shares at issue share price around 3.6p and Macap of over £ 38 m. Matd have never pulled even a pint of oil out of the ground nor any gas. So what is the difference.?
Can I ask a question - PH says (Quote)
"The investment process became particularly active since 2020, when we purchased a license from Schlumberger, one of the players in the Georgian market, and today we are 100% annual owners of license blocks 11B and 9."
That is NOT my recollection of events. My recollection is that Block energy simply took on the area operated by Schlumberger and all of the oil that they had in storage. In effect Block Energy were "paid" to take it on.
There is a lot to chew over and digest in that interview - why is none of the salient information being shared with investors.? Sounds to me like more hot air and more promises of jam tomorrow.
"Secondhand car salesman" - you flatter him InuendoBingo.
Rocklawn - I share your frustration with the situation - unfortunately the whole governance and regulation of AIM listed companies is what could best be described as "loose" at best and lax to non-existent at worst". This can lead to a situation where BOD's and CEO's feel they are running a company simply for the benefit of a small cabal - namely themselves. Less rigorous regulation can allow companies to grow and expand or it can give them the freedom to be economical with the truth and treat their wider group of shareholders with impunity. Sound familiar.?
it seems to me that there has been a "disconnect" between the messages given by the bod on progressing the drill campaign and what is actually happening on the ground. this really does need to be addressed - i too have tried multiple times to contact the bod with zero response. from the inside looking out i would see little reason for investors to pile in here with their own money (or anyone else's). this has been the state of affairs for many weeks. it's okay to be a smart **** and say "the oil and gas are still in the ground" problem is, we need it out of the ground pronto to keep the company moving forward.
Bobby - I have been invested in Block from about 5 months after they entered the Stock Market.
I was simply pointing out that the link was to an item of "news" that was in fact 17 months old.
My most humble apologies if you think I am speaking out of place...............
Hi Rocklawn - I have already said this before but to repeat myself - To stay sane and still invested in Block Energy I have written off my investment in the company completely. If by any chance the company even produces a moderate success with the drill bit and the SP rises a little, I will not be losing my shirt. If it does "crash and burn" then I am prepared for that as I have enough money invested elsewhere - contrary to what some on here think (MMR).......I am definitely NOT happy with the solid wall of silence and have said so - when they do something even remotely good (and let us know) I will be first in line to cheer them on.
Rocklawn - I share in your frustration but as I said the other day no news is rarely good news when it comes to how this company operates in general (and PH in particular). In the past there has been a total lack of communication when things have either gone pear shaped or funding is required, No doubt we will be the very last to know what is actually going on. Why exactly do you think there are so few shares being bought or sold.? IIFC one day it was a total of £ 0.87 - no doubt many of the regular apologists on here will be queuing up for "more jam tomorrow" - it's not good enough. It really is that simple.
In the past have never brought great news. In fact quite the opposite, the company (CEO) has delayed releasing news when attempting to rectify some sort of "issue" with their current drill. Anybody who has been here longer than our resident Troll will know the score. For all LTH's on here, I do sincerely hope that Block Energy comes good and we see the SP heading north. - we all need it after the past few years.