Member Info for Madman-Rob

It looks like the drill was not as good as expected but it was drilled successfully and will add to the general understanding of the area.

It the world of end games and hostile takeovers there could well be a reason for the subdued wording of the RNS.

On to testing, that will open up the next chapter.....

Good work guys but it would be nice if Block Energy actually did some PR.

If PH has his way with PR you will get: "We are pleased to announce that the next AGM will be somewhere in the UK in the month of April. A map of the venue with the way through the maze will be available. Please write to our company's public relations officer who will promptly deal with your request😂."

Bit like:

"The next spud is somewhere in Georgia In the month of July" 😏....

Still confident about the future and the lack of info. But it still offers a good buy in price.

Tbh the share value is not that important unless you are wanting to de-risk or trade. I don't like seeing the price fall but it's part of the general panic as we get near the end of a drill. People sometimes forget why they invested in the first place. Trust in the reaserch and informational posts that many knowledgeable people put out for us to read. I don't listen to the background chatter....

Thank you Keith Oz for your excellent post today and, like the Ashes series, things are hotting up. Also a thank you to Jimmy for your balanced viewpoint. Plus others of course.

I think Paul is playing a low profile game at the moment. Giving nothing away as to what our real worth is. I'm wondering if he has plans for MOU-2? No real mention of it but it is certainly something of interest. He discovered Morrocco a long time ago and when the opportunity came he purchased what we now own. Then getting Lonny on the team, who knows Morrocco well, along with a few other experience people shows Paul's confidence in what we have. Plus of course a lot of his personal wealth.

Behind closed doors things are moving along. Only a few on the management team have a understanding of what we are likely to have and where we are. Others can guess but it's only a guess. There is no magic ball.

The gas is certainly there. The testing will inform us of what we have. Then it's up to Paul to do what is best for us all.

A lot of hard work still to come with tough negotiating, that will be dependent of a strong hand.

To early to show our real worth..

Off for a mini break this week to Italy. Will go see the little red car factory while I'm there but not looking to buy ......

Yet 😂

Mothership could be landing soon!

Good fortune everyone!

Mine also shows as a sell.🙏

My average is 1.33p. We must surely get above that at some point 😁

Keep up the good faith Rock !

Also just purchased a few more. It's a good buy in price. May add some more next week.

I don't expect a quick return but I do have a low average😎

19 filtered posts in a row 🤔 is my account working correctly?

Someone was saying that the real money will be in gas. Do we know when we are going for the large gas volumes?

I think for now we are looking to increase the oil review to help fund everything.

The price has dropped to an very attractive level. Will keep a close eye on it tomorrow as I think a good buy in price is appearing😁!

One last comment before I go for a swim.

Once we get around the 1000bopd mark does anyone think our MCap will be a low 8.5mil?

Fantastic time to be buying in and a great profit is possible if you hold for 6/12 months. We will need successful wells to be drilled but we are certainly getting better at understanding the data from our 3D surveys.

Only my humble opinion but one based on my own personal reaserch.

Rock, Sarah is a man so maybe same person ?

But I think this latest troll is a paid troll .

The other guy (Sarah) is just a sado guy behind a computer.

I'm feeling very positive today about Block Energy. Yeah we all know it's weak spots but it does look good once we can do a few more spuds and get them boepd up.....

With a share like bloe it takes very little movement to get the price lowered or raised. I guess this is a good share for shorters. Hence the arrival of our latest employed troll. Buy in slowly then sell in bulk.

In the long run this share will reflect it's true worth. To do that they have to keep increasing production. Once we can show a healthy profit the share will rise.

Untill we have high numbers of traders we will see days like this. Makes little different is you intend to hold.

Traders need news.....

SBWilly

If this share is not to your liking why are you, suddenly, desperately trying to warn everyone of the dangers that lurk in you mind? If you think a share is not one worth investing in then simply move on. It's like an illness.

You won't of course as you are a:

Troll....... certainly looks that way

Paid de-ramper...... Ok it's a job !

Or sad........it also looks that way to me.

As I said before you are unable to give an unbalanced viewpoint. Q2 results were very healthy and a marked improvement. There was also a spud date announced. Of course none of the positives parts were put forward.

I'm guess this Sarah person who btw I've been told is actually a man and you are the same person.

Filter for you......

SBWilly

Refer to my reply

Do I need to say more?

Troll .......

Nice to see the bit turning.

I trust in what Paul knows !

A few goods posts illustrating that a lack of real information is holding back this share.

There is a total lack of communication from Block Energy. Q2 update was basic in information given

We are share holders and should be better informed.

Are we not meant to be having 4 projects on the go?

The reason PH gave the last interview was because he wanted to keep shareholder sweet before the AGM. Now that is over we will return to the months of silence. Back to his ivory tower with the coms door firmly shut.

This is a company that is doing well and the outlook is promising but unless you have really researched, and understand things, then you are unlikely to want to invest.

PR is vitally important.

We have a positive Q2 with record production and announcements of a spud date this month and .......

The share drops in value .....

WTF 😒

We know we are going to spud this month. That's about it 😏

Queen as back up and to Mott the Hoople....

Good healthy buying and bid back to 15p

They are targeting higher production.

Find enough oil to add to the current production rate and we will reach my target rate of 1000 boepd . This will be the tipping point.

I still think it will happen this year so hold and wait......

Project I, phase one strategy and drill two further side-tracks and a new well, potentially consisting of multi-lateral technology, targeting production rates some 2-3x those achieved in previous horizontal wells

2-3 times will be very nice.

Next well is massive. It it can add to the continuous improvement in production then we will be getting there.

At the end of this year we should be making a healthy profit.

This will then enable us to move forward with the other projects.

A good solid production rate and a large increase is boepd.

A spud date this month.

Slow and steady.

No news on other projects but they will happen.

The revenue produced will help fund growth.

I'm happy.

Exit not edit

My Predator shares have gone up and down over the years. I'm happy with my research and risk.

Today's fall was normal as traders do not want the risk of a drill. They have made a good profit over the last few weeks. I fail to understand why people are influenced by personal opinions, or a sudden fall, to such an extent where they sell. But most would have made a good profit and guess were looking to edit.

Never liked stop losses and I'm sure a few were taken out. But that's part of the game.

It is totally unknown how much gas we have and what it is worth. However the liklyhood of having enough gas to do a deal is getting better by the minute. There is certainly something there 😁.

Nothing has changed in my view.

Good luck to the Predator team!

Last year's Q2 was 11th July.

This is what they wrote then:

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.