Member Info for Gary1960

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.

Prax14 - Why don't you give your chin a wipe old chap - you are talking absolute sh*t.

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...............

Isn’t the date stamp on that report July 2022 -if it is that was 17 months ago ………please correct me if I am incorrect.

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.

Yes as far as I can find out, those are the correct details for Block Energy’s nominated advisor.

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.

Please Stop feeding the TROLLS - responding to them is like giving them food and drink - they thrive on the attention.

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.

Something of a record - total trades today £ 0.87 is that all the interest in Block Energy??. If PH ever looks in on this sh*t show he should be absolutely ashamed of his "leadership" of the company. What I cannot understand is why so many LTH's on here are satisfied with him at the helm. Nobody wanted to swap leadership for the Scottish mob but we don't have to stick with "Mr Greedy" and his mates either. Keep taking your outrageous salary and keep your mouth shut Paul it seems to be working for you so far......................................but for how much longer.?

Maybe they do know something, 97 is a prime number after all - maybe it's a sign.............

Doesn't probably give a sh*t about the SP or private investors why should he exactly.? Being the CEO of Block Energy isn't just a "Win Win" for him its a "Win, Win, Win, Win" - he draws a huge salary every month, he awards himself "bonuses", receives 16% interest on money he lent the company and if it goes pop he grabs any assets he wants. Mind you he is not alone the whole of the BOD are onboard the same gravy train.

Well to start the ball rolling I hold just over 2 million shares and am more than happy to join up with other interested investors on here to get some sort of investor input going. What about other people.?

Hi Bitsas004 - I don’t think PH would be up for receiving “feedback” from the shareholders on here. I have tried to contact the company many times via their email addresses and other contacts - only once got a reply and that was just to confirm that the person concerned had received my communication. I really feel that until real and sustained progress is made the SP will not be budging any time soon. Maybe need to organise and try to get maybe set up a share-holder action group.? There are numerous people on here who hold millions of shares……. Combined there must be a sizeable percentage of the shares in circulation. Anybody have any ideas.?