Member Info for Maladoni

My reinvestment thus far is relative to my own personal risk/reward. I was here a long time previously and I respect the views of certain contributors, whom I wouldn't class as faceless and who are much more up to speed than me.

Who's crying? You ask the awkward questions to see if there's anything you've missed which would validate further investment.

Yeah it was a thinly vailed rhetorical question tbh. Not thin enough :)

What's the consequences of a partner agreement not being put in place? When was the last time we had production figures, I'm a little behind.

The Scottish mob was kicked into touch not by Block management but by its shareholders so with the share price where it is its natural that the directors should be under scrutiny. Trying to dismiss people who want to discuss this openly is churlish. I've no doubt rampy nonsense puts of more investors than that other ejit ever did.

Hiya Heps

I have some real concerns but it's a case of better the devil you know. Its defo worth a punt non the less.

Yes stuck in a modest amount a week ago, let's hope my timing is better this time around. Its a good start.

I don't know that's why I'm asking. If they'd of jumped in I would of followed :)

They build wells (and much much more ofc), you make it sound like they supply drilling fluid.

Just curious as they have worked with them in the past would seem to be a perfect fit for a partner moving forward.

Why aren't Baker Hughes straight in there?

Project IV farm out with 30% chance of success. If your company was carrying all the upfront costs what split would you give Block if successful?

Don't think I'll post here again, got no right tbh as I don't hold , except I still despite everything, wanted to get excited and get back on the train. I'm afraid when you aren't invested, you can see that like your first punt it would be a massive mistake and you leave it too late to cut your losses.

Read the last RNS again carefully, and you'll see the guy is an absolute Charleton. Next bounce, cash ya chips.

Oh and Sarah, you'll burn in hell for eternity, you know the rest.

You’re not the only one who got beaten with a stick re decline Mephisto. Com se com sa.

He’s installing the submersible pump, turns the water into wine, sorry water into oil. My bad.

Deez 1p and not 10p.

5 minutes research of Block RNS’s.

Early results from fully-migrated 3D seismic processing are beginning to provide insight into the full potential of the West Rustavi XIF licence area. - April 2020. 3 years later the actual production is more insightful.

and WR-16aZ, which have proved to have high gas-to-oil ratios. - April 2020. Gas sales struggle to justify infrastructure development.

Produced water is being trucked - Jan 2020 - sigh.

Bringing well 16aZ onto production is a significant step in Block's fully-funded £12m programme to realise West Rustavi's potential (RNS: https://bit.ly/2WYyx8e), which was demonstrated by the exceptional test production rates of 1,100 bbl/d - more than three times pre-drill expectations - July 2019. Results recorded 01.04.2019. So 84 days later he’s still pretending it’s not 90% water.

That’s why the share price isn’t 10p and EVERBODY knows it.

Early results from fully-migrated 3D seismic processing are beginning to provide insight into the full potential of the West Rustavi XIF licence area. - April 2020. 3 years later the actual production is more insightful.

and WR-16aZ, which have proved to have high gas-to-oil ratios. - April 2020. Gas sales struggle to justify infrastructure development.

Produced water is being trucked - Jan 2020 - sigh.

Bringing well 16aZ onto production is a significant step in Block's fully-funded £12m programme to realise West Rustavi's potential (RNS: https://bit.ly/2WYyx8e), which was demonstrated by the exceptional test production rates of 1,100 bbl/d - more than three times pre-drill expectations - July 2019. Results recorded 01.04.2019. So 84 days later he’s still pretending it’s not 90% water.

That’s why the share price isn’t 10p and EVERBODY knows it.

More than happy to spend a couple of hours on this, maybe next time I can focus on dilution of share holder value vs wages vs loans.

If revenue from spuds was sufficient they wouldn’t be taking loans. The production decline means they are always going to be robbing Peter to pay Paul.

Truth is if you’re here for the oil then fool on you. If you think 1,000 bpd is going to fix the price then it isn’t.

It was always about the gas. Look at how much Europe in now dependant on LNG to meet storage levels.

Has there been any updates with regards to the massive opportunity not only to serve the domestic market independence and an over flow into Europe? No. It’s because they can’t commercially produce what was threatened. The 3D remains a mystery.

GL all.

You look at the history of the fields, what’s been drawn, compare that to modern drilling techniques, expert partners, 3D data the current output and it’s a pathetic return, a massive disappointment to the detriment of any long term holder.

Anyhoo, happy Christmas all.

We won the European Song Contest that year.

You rolls the dice you takes your chances. Thats me out at a massive loss. If you’re holding I hope it comes good for you I really do. Over and out.

Ah interesting that they physically pass on rather than sending a % of sales. Thanks for your efforts.