RE: Potential good news29 Mar 2024 10:21
At an AGM, many years ago, I ask PH and another director what their views were on selling off the company.
I got a smile and a very favourable reply.
I think selling everything would be a great deal for shareholders, but for the right price of course.
It's important to understand that by being cash positive they have a strong hand. It is going to take time, and money, to implement all that is required to turn this company into a big oil and gas producer.
Not needing to sell in desperation is important to note.
The Georgian government certainly want oil and gas.
What Block Energy have is massive potential and an up and running company.
They have the option to do additional project one work if they need to add additional revenue. But they are aware that a poor result would be detrimental to the overall game plan.
It totally depends on the strength of Bloes hand as to what can happen.
Just my take from a potential investor waiting in the wings.
Have a great bank holiday weekend everyone!