Member Info for MgBRG96

Https://www.youtube.com/watch?v=gIz-YsHmiEw

Do you really not see what a clown you look? Whatever I had said would have been wrong however you said that you didn't post anything of a personal nature, but it's there for everyone to see.

I actually wonder if you have all your faculties as theres a huge picture thats been developing on Frontera and continues to do so but you come on questioning how i posted things you'd already posted? It actually defied logic but then again once I'd looked at the detritus you've posted in the past it actually doesn't as you and a whole host of others have just sat back and let a few do the hard work for you.

In the unlikely event this does come good it'll be the likes of you that come pointing the finger saying we could have done more for you and sooner.

bedex, whatever i say you wont believe however my references to you elsewhere have all come from your posting history which ironically in your attacks on me you deny having ever posted. strange that isn't it? you deny posting information but there it is all is in your posting history, i've even posted the references to make it easy for you and other to see that you have posted.

lifeishard, the company have had a great deal of free assistance by normal people doing research that they either didn't know existed or couldn't find themselves. those people as we see here today come under a myriad of accusations, insults and more general ****ging offs via conspiracy theories.

personally the move with sanctions etc against georgia and the putting on ice of european acceptance i believe is because georgia is becoming china leaning not russia leaning due to the silk road and china being able to get goods to europe via georgia as russia is currently inaccessible for goods to be transported through.

if the following has already been posted i apologies but ive other things on and i don't mean having to deal with coco.

https://china.mfa.gov.ge/en/news/252232-viziti-chinetis-erovnuli-navtobis-korporatsiashi

Sorry Bedex I really wont engage with you any longer, my patience has run out but before I go i'm not sure what issues you have but you really are barking (madly) up the wrong tree. I am not here to answer your questions apart from the fact I am not the custodian of anything and have access to little more than you do, FoF has been mothballed for years anyway and I have practically zero contact with those that are involved. There are much bigger things going on other than making you feel validated by justifying your investment mistakes on a BB. You say 'I'm not the sharpest tool in the box' well I have never professed to be so however you do really come across as a very very bitter man throwing those angry statements around that old people tend to do when things aren't going so great. You pressed the buy button not me nor anybody else.

I really don't want to personalise this any further and whilst I wonder if this episode of yours is age related I think you have realised that you've been investing way over your head hence the change in your tone and the subsequent attacks. If so that isn't my issue but there is much going on with FRR that you'd be better off turning your attention to and doing some research rather than sitting with your thumb up your backside whilst others try incredibly hard to sort the mess out for you.

Are you still going on Bedex?

Check your posting history, you say you've never posted your details, so.....

16th January 2020 18:15 there's your share holding.

10th August 2019 20:00 theres your name.

16th June 2018 theres your age back then, so that now makes you circa 78.

This is how you proved your shareholding and your name then your age, I took a good look at your posting history when you started to try and destroy and deramp another share all those weeks ago. So Bedex that how easy it is to work out who somebody is and there are people on here and in fact out there looking to fleece you and they are way better at it than I am.

So in summary theres no conspiracy theory just you giving your details away on a random BB which I used to work out if you were a genuine shareholder when discussing another share.

I'll leave you with it now, may I suggest you become a little more concerned about what's happening here in FRR because things aren't that rosy at the moment with a multitude of things going on and also think what personal details you give away on bulletin boards.

Have a pleasant evening.

Hope you had a really great holiday Bedex.........................

Thats why most of the posts lately are from those that aren't invested here, Maladoni being one.

It makes me laugh as im happy to sit and hold.

Agreed Bobbby,

its the same people that validate the nonsense thats written as well.

The CCS is huge and scalable very quickly, its onshore and the geology of the rock virtually perfect for a storage system. Many CCS have tens of years turn around time this of Blocks is about 260 days.

It's time to get behind the company now and support it as it navigates through the Farm in we also need to leave those knocking this to it as they will always have a negative spin on whatever positives that the company put out.

Hi Bobbby,

I agree but it was interesting that they chose yesterday to issue the clarification, if it was indeed that.

I also agree with BD6 Blue are growing and for now organically, theyre cost conscious and using self funded revenue generation to support the other projects.

Ive had a really good look around and 260'ish days to turn a water carbon mix to limestone on a shore based asset with the holes already drilled into the porous volcanic rock is virtually unheard of.

Look at some of the other CCS projects, its tens of years to actually get rid of the carbon.

All to play for here imo.

I just caught this – look at the GOGC comment – is that new?

At what stage is the exploitation of the 16 billion m³ gas field near Tbilisi?

BLOCK ENERGY

Mariam Titvinidze

02.07.24 12:14

•

272

The presence of 16 billion cubic meters of natural gas deposits in Block Energy's license area near Tbilisi in 2022 has been confirmed. The head of the State Oil and Gas Agency of Georgia, Giorgi Tatishvili, announced this for the first time on the BMGTV program "Course of Business" and noted that the volume of the deposit is equal to Georgia's consumption for almost 8 years.

In an interview with BMG, the CEO of Block Energy, Paul Heywood, talked about the development of the gas project and noted that it is a priority for the company. Currently, the company is working on finding a partner, which is gaining a certain pace.

According to him, the investment within the first phase of development will be between 50 and 80 million dollars.

"2023 was essentially the year of the transition to what we now consider a strategic initiative. This is a very important gas project located in the lower horizon, below where we will extract oil and gas. The company focused on maintaining baseline production levels. Also, to strengthen the strategic interest in Project III. This is a multi-trillion cubic foot gas project. We have engaged a UK-based investment bank to assist us, and this effort is focused on finding a partner to develop these resources. Resources are important and can make a significant contribution to meeting Georgia's energy demand. We are in these processes now", said Paul Haywood.

According to him, the company is satisfied with the current results and continues to grow and develop.

The Block Energy company, which is traded on the London Stock Exchange, has been working on oil and gas exploration and production in Georgia since 2018.

https://bm.ge/news/ra-etapzea-tbilisis-makhloblad-16-mlrd-m3-motsulobis-gazis-sabados-atviseba

Translation Cont'd final bit.

You have a project with Georgia Oil and Gas. Tell us more about your collaboration.

Cooperation with Georgia Oil and Gas was an important step in the company's history. This partnership is within the scope of Project IV. Georgia Oil and Gas is located around our core license area. In our area there are non-core areas which are part of their core and non-core portfolio. By combining the existing license areas, one large area is created. They have more than 1 billion barrels of oil reserves and a lot of gas in their portfolio, so when we combine their portfolios with ours, it's a significant opportunity for any big player in the industry.

I want to ask you about the expectations and the data, is the amount of oil and gas produced increasing?

Right now the numbers are mostly flat as we focus on developing ongoing projects that don't require more drilling and production, although that's the future for us. From Project III to Phase I, production will increase to 150 million cubic meters per day, after an investment of about $50-60 million. At the same time, we are developing a carbon capture and storage strategy. If we achieve our project goals over the next 12-18 months, we will be a leading growing zero carbon energy company.

Have new inventory discoveries in your license area?

We certainly have some attractive targets. This is the goal for the next 6-12 months. We have no new discoveries, although we have developed several important targets within Project III, if we can drill them it will be an exciting time for both Block Energy and Georgia.

Translation Cont'd pt2

What are the oil and gas production figures, if there is growth, and how satisfied are you with the results?

We are satisfied because the company continues to grow and develop. Oil flows cover costs and enable us to implement our strategic projects. Like any active oil and gas company, we want to move faster, but obviously speed is often related to capital constraints and what you can spend on developing strategic projects. So far everything is going very well and we are getting a lot of interest. Which also kind of answers your original question about the impact of the political environment on business.

Block Energy has 5 main projects in Georgia, what is their current status?

Project I, which mainly includes ongoing oil and gas extraction, is steadily developing. This project covers the company's expenses and allows us to direct free financial resources to the development of strategic projects. In the case of Project II, an evaluation and development plan is being developed. We have already talked about project III, we are in the process of finding a partner, which is gathering a certain pace. Block Energy's interest in Project IV is currently passive. It is important, but it is being developed by a local oil and gas company. There is a high interest of foreigners in this project, which emphasizes that Georgia remains a subject of interest for investors. However, we have a carbon capture and storage project that is strategic to us and is attracting a lot of interest, both from our engineering team and contractors, as well as from external consultants who are helping us with measurements and process monitoring to move forward and start the first pilot study. These will be carbon injections into some of our depleted reservoirs.

Tell us more about the latter, what is the location and the investment plan?

The project was determined by an independent consultancy in the UK, which is testing some of our depleted reservoirs in the XIB and XIF license blocks. It has been determined that we have about 140 million tons of carbon storage capacity in the reservoir, which has been developed since the 70s. Reservoir characteristics allow us to convert carbon into limestone within a 12-month period. It is quite a unique process depending on the geological composition of the rock in which we are going to introduce carbon. This project is located near the industrial center of Rustavi, where a considerable amount of carbon is emitted into the atmosphere. We are currently conducting research. We hope to be able to develop the pilot this year.

What other new projects and plans do you have this year?

I think the plans will remain mainly focused on finding a partner for the gas project, which is mission critical for the company, it is our strategic project that we want to develop. Also, the carbon capture and storage project is moving forward at a considerable pace. All these will be our main focus.

Translation below, converted from here –

https://bm.ge/news/raze-mushaobs-navtobisa-da-gazis-mompovebeli-kompania-block-energy-saqartveloshi-interviu-pol-heivudtan

The Block Energy company, which has been working on oil and gas exploration and production in Georgia since 2018, is currently focused on the carbon capture and storage project, as well as on finding a partner to develop the natural gas project. The company has a perspective on the cooperation with Georgia Oil and Gas, which implies the unification of the license areas, and positively evaluates the existing business environment. BMG's questions were answered by the CEO of Block energy, Paul Haywood.

Block Energy has been operating in Georgia for more than 6 years. It is interesting how you evaluate the recent events. The adoption of the "Russian Law" created a rather turbulent environment. What do you think about this situation?

We focus on business. Of course, we keep a close eye on political events, but the most important thing for us is that we continue our activities as usual. We continue to produce hydrocarbons that are sold on the local market and contribute to meeting Georgia's energy demand.

Based on the current situation, do you not expect any type of negative impact on your activities and investment plans in the future?

No, we don't think so. Block Energy does not have a similar position. There are significant contracts with foreign investments throughout Georgia. I think Georgia remains a great place to do business and is still outstanding among comparable countries in terms of providing an easy business environment.

How was 2023 and the current year for the company, how much did you invest, how much gas and oil did you extract?

2023 was essentially a transition year to what we now think of as a strategic initiative. This is a very important gas project that is located in the lower horizon, below where we will extract oil and gas. The company focused on maintaining baseline production levels. Also, to strengthen the strategic interest in Project III. This is a multi-trillion cubic meter gas project. We have engaged a UK-based investment bank to assist us, and this effort is focused on finding a partner to develop these resources. Resources are important and can make a significant contribution to meeting Georgia's energy demand. We are in these processes now.

Who exactly is your partner in this project and what is the investment cost?

This is LAB Energy Advisors, which helps companies find targeted, industry-focused investors. The initial estimate of the project is about 30 million dollars. The capital expenditure profile is 12 to 18 months. In case of success, the investment within the framework of the first phase development will be from 50 to 80 million dollars.

“The Block Energy company has been working on oil and gas exploration and production in Georgia for years. At the current stage, the company is focused on the carbon capture-storage project and the search for a partner in the direction of natural gas extraction. Block Energy is looking forward to the cooperation with Georgia Oil and Gas company, which involves the unification of license areas. CEO of Block Energy, Paul Heywood, believes that Georgia is still attractive for foreign investors and appreciates the business climate.”

https://www.youtube.com/watch?v=kz3sM4XODx0

I'm nibbling again Mike, you said 'I intend to take this further when I've nothing better to do following my holiday.'

You've got the time to post rubbish on here so clearly have nothing better to do so why not crack on and get whatever you're intending to do when you're back now. It might also not clog the board up with your rubbish.

However if it was me I'd go and get a beer and stop being a lemon, you're on holiday and honestly shouldn't be making fool of yourself like you are.

Thanks for the reply Bedex, bring it on.

Glad to see you're roping others in, not got the stones to do it yourself? Need a crowd or just somebody to say there there Mike? You're clearly in a flap but your info is out there like everybody else's, everybody's is.

As for a snake in the midst, I think you'll find I've done more than most and not just at FRR, you're the one running everything down when the real reason is you have extended yourself beyond your means. Like everything you blame others.

Anyway you should be enjoying your holiday not posting to randoms on a BB.

It's time where you are for a beer Mike so I suggest you go and have a beer and a chill, enjoy the parrot and cabaret show tonight I hear they're pretty good this year.

Firstly Mike, thanks for taking the time to reply to me whilst you're on holiday in Kefalonia, firstly its great to know that you're away on your holidays and i'm there with you albeit in mind rather than spirit, its great to know that i'm living in your head rent free. It's as if i'm sat there with you as you boil in the 32 degree heat whilst internally boiling internally thinking of me and little old Block.

Secondly Mike Tide and your other offerings are going to have to really get themselves motoring to offset your 3 odd million shares that are sat worthless in FRR.

Thirdly you say you're going back to the pool? To have taken yourself away from that and a cool beer tells me more about your investments and strategies than you have already shared and it also tells us that the holiday isn't really that great because if it was you wouldn't be posting to randoms on a bulletin board.

Anyway don't be glum Mike go and see your holiday rep and ask about the Cave tours or maybe one of the many boat tours that are available or if moneys a little tight there are some cracking coves and sandy beaches that you can visit for free.

All the best Mike, but please now go put your phone down and go and try and relax as im sure recouping some of those losses can surely wait another week.

Catch you when you go back, are you away for 7 nights or did you scrape enough together to do 10 or maybe 14 nights?

Go on then I'll nibble....whys that then?

Good post Gary, I actually think Boffer like many that choose to post hear aren't invested or investing by purchasing shares. The great thing about the few posts we do get the agenda is easier to see.

If things are really as bad as these people say why have Indorama just invested 60m in Rustavi Azot? Indo are actually looking at increasing production and with that the gas requirement will increase as will the need for an increased Carbon offset.

Were waiting on Block to announce and hopefully we'll be seeing some more news as both the AGM and Farm out approach.

I agree, somebody wanting the hostile lot running this must be crazy, you just have to look at their history to see that this would be death by dilution.

Whatever these people spout about PH he has delivered four projects and CCS. Theres much to look forward to if the commentary is anything to go by, dilution and exorbitant fees with the ultimate devise like they've presided over prior is all that would be on any horizon.

There'd be no big offer just big dilution.