Member Info for Madman-Rob

Pred fan.....

Appreciate your speculation, but that's all it is, pure speculation.

Nothing in the current price action suggests there is anything going on behind the scenes of note, you say, for the 4th time.

Perhaps there just isn't anything to report from the board other than a deal in the making. If that's so. Predator will have no intention of informing you or the market.

Hence no movement........

Not the whole company, just Morocco. The value offered for Trinidad would not be much . On Ireland it is getting interesting but again the timing is not right. But to sell it all and retired to the sun 🌞 .... interesting thought 🤔

Boff. I appreciate your views but feel you have become bitter and twisted as your holding has lost you money. Your hatred of PH is such that every post you write is full of negitivity. You were so desperate to ouste him that you refused to see the danger of the Scottish asset strippers . Luckily the majority understood their intention.

None of us are happy loosing money. We also feel that, in the communication side, he is somewhat lacking. However he is also a shareholder.

Q3 will give me a better understanding of where we are as a company. If we had not had the fall off in production this share would be higher. It's why we are frustrated at the apparent slowness between drills.

As a short term hold this share offers little benifit, unless news drops. The share value reflects this.

As a long term hold I am looking at entry prices. I will not dismiss the option to purchase a large amount of shares to hold at a low average.

We have 4 projects and the company are in a great position. At some point the various projects will add value. I want to be fully loaded when that happens.

Not an easy time for us but I do believe that given more time we will see a reward.

After 4 years I certainly hope so haha 😂

Does anyone honestly think Predator are doing nothing in Morroco?

We raised 10mil.

We all the know the potential is there.

Even if the delay in communication is, because we are still waiting for a testing part to arrive.

Does anyone really believe that predator will NOT do the testing, unless we no longer need to?

I'm sure we are using the available time to be in negotiations with various companies?

It was clear that there was insider knowledge being shared. We have also had news used against us on the initial MOU-4 result.

If I was Paul I would tell NO ONE, outside of his inner circle of advisors, about anything, unless legally obligated.

Deter any hostile intentions and leaks.

Hence no real volume is trading as we have no news.

Personal I think the longer the media blackout continues the better it is for us shareholders.

Paul is looking at the overall concept that is Predator, that also includes Trinidad and Ireland. The reasearch available, documented RNS's and interviews are there for all to read.

That's why we are here!

On the 31st of July we had the placement announcement. It was leaked earlier in that week. Insider trading at its worse.

Predator wrote:

The net proceeds of the Placing will be used for completion of an extended rigless testing programme for MOU-1, MOU-3 and MOU-4, commencement of CNG development studies and tendering for long lead items, residual MOU-4 well costs and general working capital.

I wonder what long lead items he is talking about. Also, he talks about MOU-4 residual work.

Since the placement the share has stayed around the same value . There was, once again, large sells that kept us at this price range.

That's almost 2 months ago.

We have had various RNS's since then. In one it promised "testing finished end of September". I think that was for MOU-1 only.

With a lack of information all we can do is wait. In that time we are free to offer up our personal views about the radio silence. It could be simply a delay or the company does not wish to inform us about the testing until it suits their needs.

It is well documented that PG wants to sell up if he can get the right price.

The talk about it just being a delay or it's because of negotiations are both totally plausible.

What is happening is Paul will be constantly looking at any opitunity to get nearer to the end game. He will be talking to the larger companies, they are certainly interested.

Meanwhile if Paul wants the testing to go ahead then it will happen. It's funded and ready to go.

As for when we will be informed is anyone's guess. But I'm an patient and luckily in the blue. I appreciate it's harder if your in the red.

I am happy waiting.......

There is a risk .......

But there is a reward 🦖🦕🦖🦕🦖🦕

If there was simply a delay in getting the materials needed to start the testing I'm sure we would of been informed. If the testing has not started then PG will have a very good reason.

On a separate note, did we find a solution to the MOU-2 mud problem. I think a lab in Aberdeen was looking at the samples.

Let's assume that there is negotiations in progress. This has been ongoing for a long time. Early feedback was that the big boys were not willing to do a serious deal.

Paul knew that we needed additional wells and a larger amount of gas bearing sands, available for testing. He also knew that we needed money in the bank and a clear path forward.

The finance is in place.

A company has been hired to carry out the testing.

151mts of sand is ready to test and analyse.

We also have multiple places of interest to drill. The potential is massive.

We are debt free.

My question is one of time scale. Is our hand strong enough to get a deal though?

If the deal is not to Paul's liking then we can still expand the business. We could set up an CNG business. Or we could drill more wells and continue the testing program. As stated by other posters, this is our Ace. We are not desperate and our potential is off the scale.

I'm guessing it's a balance between wanting to get the best possible deal in the shortest possible time.

What's people's thoughts on how long a deal can take. If both sides feel that they can gain from a deal, that is potentially, in the advanced negotiation stage, what would be the time scale?

Really ?

We have funding and a company in place to do the testing.

I think no news means something is going on behind closed doors. Therefore no news is good news!

Málaga is a great place. I retired to a town called Santa Pola. It's near Alicante.

Golf is looking good unless your American.

Enjoy !

I was hoping, as a new investor, that I could start reading various posters viewpoint on this share. I am researching of course but I always enjoy reading people's views.

Since my last post there has been 21 posts, all about one person. Not a single article about this company.

He is totally manipulating this BB so that no posts of any substance are written. That's his agenda. He is useless in most respects but he is good at getting people to reply and flood the pages with replies to his garbage.

I found that totally ignoring him and changing the thread headline helped as did posting factual information and parts of previous RNS's that corrected his scaremongering tactics. All with no mention of his name. Then when new investors log on then can read things that are of value to anyone wanting to add to their reasearch.

I would appreciate reading any article that you think would be of value.

All said and done there is usually a reason why these trolls latch on to a share. Normally it's because there is money to be made. But sometimes they get so wrapped up in their egos that they become blind to positive news.

He is pathetic but people still subscribe to his awful blog. Such is life.

Rant over and back to the spainish sunshine!

The way I see it is:

We have the finance and a company in place to fully test all 3 wells. This will then give us the data from the 151 mts of gas filled sands already identified. The potential is off the scale.

Nothing will stop the testing and issuing of results unless PG feels that there are other, more pressing, options opening up. We do not know what is going on behind closed doors. Negotiations should be kept private. There is a reason for the radio silence. The negotiation may require additional wells or various objectives to be fulfilled.

We are in a complex stage of development of the asset. Paul is trying to put all the parts together to reach a desired result. This takes time.

Be patient.

We know that predator is looking at an overall endgame.

Paul is massively invested with his own money. His fortune is fully aligned to our investment. He will get us a good deal. Hopefully royalty and a dividend.

Remember that management know what they are doing and the prize is massive.

Plus Trinidad and Ireland!

Been watching this share and decided to buy. Already in profit but of course early days.

I see you also have that slimly oilman Jim on here. Filtered him a long time ago.

Always nice to see a rise!

· Completed Project III gas resource evaluation across XIB and XIF Lower Eocene and Upper Cretaceous reservoirs using newly re-interpreted seismic.

· Signed MoU with the Ministry of Economy and Sustainable Development of Georgia, supporting the concept of long-term gas offtake of resources associated with Project III.

· Completed farm-out of part of XIB to Georgian Oil and Gas limited and received initial seismic results confirming the prospectivity of the new Project IV area.

In Q2 2022 they wrote their intention to complete these items. 15 months later they have successfully completed these tasks. That is good news. My question is, what is the next stage?

15 months have passed. We need to know how they intend to move forward.

They inform us of the next well will start. Again, that is good news. However why is there no news on pad work or start date? The Rig was taken down a month ago. As usual it is the, "we will inform you soon" response.

This is a long term hold but I would of expected something to encourage new investors. The projects can potentially move this share to great heights. To do that they need to stop talking about how wonderful they are and get them up and running.

We are in a healthy position. However the share price has fallen to a point where most investors are in the red. Now that makes for a good entry point but we need firm dates and targets to get in new investors.

I'm looking forward to Q3 results. It will explain why we only increased our overall productivity by 20boepd despite drilling a successful well.

The market was not happy with the drill result RNS. A successful drill followed by a massive fall in share price.

We need information that tells us that when they are going to start the 4 projects.

Look how far we have moved ahead is good but without implementing these projects it's just PR talk.

Just my view of course.

15 months ago Block Energy set out it's objectives. One project has kept us going but has done nothing to add value to the shareholders.

A question to PH. What happened to the other projects that were documented over a year ago ?

Q3 2022:

Operational Strategy

As recently explained in the Company's Annual Report, the Company's assets represent a material growth opportunity in terms of production, revenue and cash flow, particularly at current commodity prices. As with any development programme, single-well development risk remains, and the Company is seeking to mitigate it with a multi-well programme.

The Company's three-project strategy looks at the opportunity in totality. Projects I and II are aimed at generating additional cash in the short to medium term, while Project III seeks to add significant value from the deeper, extensive natural gas resources that lie beneath the portfolio of licences. The investment case for this strategy is supported by the improved understanding of the complexities of the Eocene reservoirs, which was a key objective in 2021.

Project I is the development of the Middle Eocene oil reservoir in the West Rustavi/Krtsanisi field, which straddles Blocks XIF and XIB, initially comprising of three sidetracks and two new wells. Preparations for the first sidetrack, of WR-B01, are now complete. These included the procurement of long-lead items and site preparation. Furthermore, construction of the gathering line from WR-B01 to the WR-38 wellsite has been completed on time and on budget, enabling offtake and rapid monetisation of the gas produced from the WR-B01 sidetrack. Project I is primed for non-dilutive debt funding and discussions with potential lenders are at an advanced stage.

Project II, the infill development of the Middle Eocene oil reservoir in the prolific Patardzeuli oil field (100 MMbbls produced) in Block XIB will be self-funded from the cash generated from operations and will commence shortly. More than 50 sidetrack holes could be drilled from the legacy well stock, six of which have already been defined for sidetracking.

Project III, the evaluation and development of the natural gas resources throughout the Eocene in blocks XIF and XIB, will commence later this year with the workover of legacy wells which discovered gas. This includes the potential sidetrack of the PAT-E1 discovery well, engineered for a 1000m horizontal section through the Lower Eocene and designed to evaluate over 300 Bcf of contingent gas resources.

Over to you Paul in your next PR statement to explain the delay.

I protected myself prior to well results as history had placed a nagging doubt. I'm sitting on a loss but only need 1.33p to break even. I'm happy to hold and will add, at what I see as a good entry point, if I consider this company is actually going to do something for it's shareholders.

I do believe this share can make me money.

The entry point is very attractive.

I personally can't see any changes in management happening. The Scottish duo were certainly not our saviour and that's why PH was not voted out. I have met him and do not trust him.

Looking at this share, with an neutral view, I see a company that has just drilled a successful well and have record production. Q3 results will be out soon. We are making a profit and have various projects that should, at some point in time, start.

I am confused as to why we had such a large drop in production. Only an additional 20bopd killed the share price. The message to the market is this well only made up for the shortfall in overall productivity. I'm hoping that Q3 will explain. Maybe a temporary shut down on a well? Who knows? Block energy do, but as usual the shareholders don't. Total lack of communication again.

We all feel that the various programs should be more than just talk. The PR is very hit and miss. With the last well results it would of helped if we were told, all long term items are available and the pad work is expected to start on well XYZ. But nothing.... just a vague, we will inform you soon.

I expect that the media 2 article will be published soon. I am sure it will sound very attractive to investors, full of promises. I will only be interested in firm dates. Talking about all the various projects is something bloe have been going on about for years......

Another single drill with results in 4 months time will not move the share value up.

We need news........

Sorry for the rant.

Good fortune everyone.

Beach party today ......

Life is good...

Talking about the good old days before the placement .....

On a serious note, we know what the potential is and we also know that every bit of sand that interests us will be tested ......

Until then .....

Bloe are proving that they can drill successful wells and the latest well has added to our overall productivity.

The problem has always been the fall off, over time, of the other wells and the slow rate of implementation of its various projects. PH talks a good talk but the market will judge on results.

I still have confidence that this share will make me money but this is still, for me, a long term hold.

Q3 is not far away and will confirm where we are.

I will be interested to read the media article when it is presented. But what is needed is actual dates, stating when the various projects will start. Talking about the 4 wonderful projects will not wash with the market. To date we are only carrying out one project. That is keeping us healthy but not enough production to please the market. The other projects have, to date, just been media hype.

Block Energy are in a healthy position.

Time to get going.......

A solid result. There is money to be made here if they can keep the moment going.

All that is needed is a continuation of the drilling program with no long gaps between drills.

Bloe say:

The team's focus will now shift to drilling KRT-45Z, our fourth Project I well and I look forward to providing further updates on this and wider project activity in due course.

Hopefully that will be soon.

Expecting part 2 of media article to be issued shortly.

Don't think we've reached a tipping point yet but this should boost the share price. We are getting there!

PG has told us testing will be finished by the end of September. If this is true then we are all happy.

If it has not then it will not help with the reputation of the company as regards to their ability to communication in an accurate and reliable way.

As shareholders I think we are untitled to complain when documented targets are missed.

It's all about research and DD. Part of that research includes the documented order and timing of events.

With no news and the placement shares being churned we have had a long period of stagnation. And no news .

We are all happy, to an extent, as we know the testing is going to be massive in the fortunes of this company.

The month is not over yet and we will soon find out where we are with the drilling program.

Frustrating as it is, I am still very happy to be invested here. I know that the management team are working their socks off.

Good fortune peeps 👍

Could the individual that is following me around the various BB and writing sarcastic comments, please stop.

I have you blocked but still see the comments from other posters about your strange behaviour.

Get a life.

Back on topic:

Very happy with the direction bloe are heading in. I think next Monday 7:00am could well be the time to release the flow tests and part 2 of the media article. If not then it will be very soon.

Good fortune peeps!

That chesh fellow is more than just a troll. He also is a stalker. When ever I write something he puts a reply up, saying weird things. He's not even invested here. Look at how many posts he sends.

Sad man with a sad life.