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A lengthy post Sarah so you've either give it some thought or you are concerned that what I write is correct and you want at all costs to rubbish it, anyway that matters not.
Bedex first mainly so Sarah has to read the whole post as I'm after bang for buck on here wasting more of her time and not enjoying the rise when it comes.
Bedex
Firstly, I agree there are thousands of shares our there some will and some won't provide a living.
Secondly, 'you don't know my circumstances', again I agree I don't however think you are anywhere near as comfortable as you want us to believe because surely you'd be sat feet up with a brandy thinking leave the pond life to make their decisions ive had my fill. So your point, taking human nature into account just doesn't stack up so please save us the good Samaritan act.
Thirdly and lastly Bedex, 'this is. not one of them'. Why is that? Have you done any research? I doubt it.
Block is a 6 year old company, it has its own rigs and its own internal drilling company, just toggle you a little teaser about FRR I do believe they're subcontracted the Block drilling team out onto B12 as we speak so there's hope something is going on there.T hat however is just a hunch. Anyway back to Block, as ive said they are six years in, there have been several wrongs but mainly in the early days and I acknowledge that oil did indeed turn to water. However Block is different now, it's a very small team but they have huge experience I know as I've met most of the management team over the last three years.
PH is passionate about this as are the rest of his small team, they've made considerable progress, there's money in that bank and they've told us they have finances for quite a while. So where's that money come from? there's been oil sales and gas sales. Tell me an E&P in that state with 724m shares in issue?
Lastly Bedex PH, ive acknowledged the early wrongs but of late he has developed with his team a four project development plan, part of which is already farmed out, there's a huge carbon capture development, tell me how many E&Ps have one of those, there's been direct meetings with CPNC PH going to Beijing for them to meet, that was reported earlier in this boards history by old logger. a small glance at CPNC and you'll see that they're looking at carbon capture programs.
Then Bedex go back to December, the whole Block management were in Turkey and presented at a conference there showcasing the asset and the carbon capture. There's multiple reference to Turkey the pipelines and supplying not just Georgia but the wider region. The farm in partner will be telling and its attractive as the pipeline runs through our acreage.
So Bedex nothing personal, not an attack just as I see it as an investor not somebody that had his pants taken down on FRR, and before you say anything about that so did....for the time being at least.
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So you're bitter Bedex? your post unfortunately shows that, you haven't researched are living in the past hopes pinned on FRR coming back and making you a millionaire. However the FRR train isn't running the moment and this one is and is in a dam sight better position at this current time.
Anyway I feel I'm wasting my time now, like Sarah you'll stubbornly post your bile whilst refreshing the FRR board on your iPad every 10 minutes in the hope a well researched poster has got some news.
Firstly Sarah please dismantle my points, you've helped many here get in low and a bit like bedex will hopefully sit and rue the fact you interfered with this whilst not invested, time will however tell.
Bedex, there's been multiple failings here I acknowledge that however they've least and the team running it is very small.
The news thats coming out of Georgia is imo Stella, not just about Block but about the region, the Chinese and the USA.
The carbon capture, 2.7TCF of gas especially as its 2C is huge.
then go and look at BOIL, 88E with the billions of shares in issue and the dream factory attracting investors.
Block is a very different beast beast to even FRR, its different from IPO when many of us bought in.
724m shares with 2.7tcf 2C? thats utterly nuts.
16% loan? who cares if this comes in
staff taking shares in lieu? again so what, that should tell you something.
Lastly if you're not invested why are you here? Saving yourself? haven't got money to invest? whatever it is its a tad sad, were big boys and girls and there's evidence in abundance that this has over the last few years been managed prudently and carefully if you read the RNSs in depth.
2.7tcf of 2c with 724m shares in issue and a carbon capture programme in place? If thats one huge fraud and not worth a looking at or even a modest investment then imo your beyond help and E7P isn't for you.
Was a gamble but the odds are significantly better than just a frivolous punt.
imo of course.
Disappointed in you BEDEX, you've done some proper research here I take it? I don't mean listening to the crowd but mean sat down and gone through the RNSs word for word? you've done that right?
Like you I was into FRR but changed rightly or wrongly my strategy here, I actually have gone way further that I did with FRR.
however
724m shares compared to multi billions in FRR
Directors taking shares in lieu of cash salary
a solid relationship with the government
a relationship being developed with the Chinese on a plot nearby.
etc etc
I could go on and on but can't be bothered as I am currently happy with the progress Block are making, I'll agree its had its ups and downs but this has so much potential compared to its peers and the billions of share companies attracting the unresearched crowd.
Nothing personal but if you can't agree with that I fully understand what's probably happened over the 45 years you've been investing.
Are you even invested at all?
Looking forward to the out of hours presentation on Monday,
Its out of hours so i'm wondering if there's news to be released, as for yesterdays RNS was it to release news in a timely manner so that its in everybody's possession prior to the presentation.
All seems very honest and up front to me.
Are you popping along Sarah? remember you can ask questions and see what's going on.
Remember if all else fails you can change libel into slander and call PH out to his face.
Thanks Sarah, another sub penny top up from me, can't thank you enough for your help, I see there's been a bit of a tick up as well since so a double thank you.
Not sure if I read what you said correctly but I take it you're not attending the presentation, it's for new and potentially new investors and for those wanting to get to know more about the company. I think this is your chance to come and join in and make your case.
Also I've just had a wander down to see the legal team where I work and asked about 'were all allowed an opinion' well the really funny thing is we are but there are certain boundaries that one shouldn't cross. That made me enquire further with me showing screenshots of your past posts which I keep, I have over a thousand now.
What you have been saying is apparently classed as libellous so that made me enquire about bulletin boards and anonymity, well despite thinking about being hidden with user names and VPNs etc there's always a footprint.
Sarah as I can't thank you enough for helping me buy at levels I never thought i'd be able to I just though id let you know what id found out about activities such as yours.
You keep going Sarah, you've done a great job.
If you're part of the Scottish mob is there any chance that you can get them to dribble a few more of their shares into the market as I'm ready to buy more and happy to theirs off them. Discounted of course as they never bought down here anyway.
Also I like that you say that 'we all allowed an opinion' that is very true however I know for a fact that your post are being viewed as potential liable so do please posting your libellous statements regarding the company and PH.
and last but not least I'm really looking forward to the rerate here when those that have bought or remain holding sit back count the profits and then laugh themselves stupid at the amount of posts that you've put up here with absolutely zero to show for it.
I'm actually laughing now as I know what's coming your way already......
I love these posters, trying to put off the new potential investors whilst all along its the long tremors that are sweeping the up.
The deramping has been epic for people like me that know what's coming as we've done the due diligence.
Thank you folks especially Sarah you're just making my highs higher when this goes.
The nomad wouldn't allow the Co to report a 1.76b$ NPV or that the farm out was making good solid progress if it wasn't true.
All the information is there, you don't need to listen to the Derampers you don't even need to listen to those saying how great this is, all people need to do is read and look at what's being said.
The proof is there just read it.
Sarah has got me an entry I thought id never see.
I reckon you're sat there Sarah really angry, you're burning inside with incandescent rage aren't you?
Loads of us have digested the RNS understood what they mean and have invested accordingly. I look on you Sarah as a huge help as you keep the price down so I can buy because I know one day this will explode and when it does I'll be laughing at you even harder and louder at you than I am now.
The other reason why I'll be laughing Sarah is because you've spent loads of your own valuable time day and night rinsing this helping people like me and when it goes you'll have nothing made nothing and be sat there in an even worse state than you are now.
Thank you Sarah, kept up.
Afternoon all,
Im sat in the office and we're killing ourselves laughing the panic here, 52 posts trying to get a panic point across about how rubbish the company is, there must be some serious sweating behind these non investors keyboards.
I can feel the panic.
With every RNS they're releasing and ever improving picture of where the company is.
I'm backing PH and im backing the company.
This is all to play for.
The implementation of a joint project between the national company KazMunayGas (KMG) and the US-based ExxonMobil will make it possible to increase oil production at the Tengiz field in the Atyrau region to 40 million tons per year, Report informs referring to Kazakh media.
This issue was discussed during a meeting between KMG Chairman of the Board Magzum Mirzagaliyev and ExxonMobil Senior Vice President John Whelan.
“Current issues regarding the implementation of joint projects were discussed. In particular, construction is currently at the final stage as part of the future expansion project (wellhead pressure management project) at the Tengiz field, which should ensure an increase in oil production to 40 million tons per year,” reads a message from KMG.
The parties confirmed the importance of ensuring reliable oil exports through the CPC pipeline, and also noted the fruitful joint work on diversifying export routes, including in the Baku-Tbilisi-Ceyhan (BTC) direction.
They reviewed the issue of Kashagan development and emphasized the strategic need for timely implementation of further stages of the field’s development.
By the end of this year, the volume of Kazakh oil transported via BTC will be increased to 1.1 million tons.
https://report.az/en/energy/kazakhstan-exxonmobil-eye-increasing-production-at-tengiz-to-40m-tons/
The implementation of a joint project between the national company KazMunayGas (KMG) and the US-based ExxonMobil will make it possible to increase oil production at the Tengiz field in the Atyrau region to 40 million tons per year, Report informs referring to Kazakh media.
This issue was discussed during a meeting between KMG Chairman of the Board Magzum Mirzagaliyev and ExxonMobil Senior Vice President John Whelan.
“Current issues regarding the implementation of joint projects were discussed. In particular, construction is currently at the final stage as part of the future expansion project (wellhead pressure management project) at the Tengiz field, which should ensure an increase in oil production to 40 million tons per year,” reads a message from KMG.
The parties confirmed the importance of ensuring reliable oil exports through the CPC pipeline, and also noted the fruitful joint work on diversifying export routes, including in the Baku-Tbilisi-Ceyhan (BTC) direction.
They reviewed the issue of Kashagan development and emphasized the strategic need for timely implementation of further stages of the field’s development.
By the end of this year, the volume of Kazakh oil transported via BTC will be increased to 1.1 million tons.
https://report.az/en/energy/kazakhstan-exxonmobil-eye-increasing-production-at-tengiz-to-40m-tons/
Most aren't buying what PH is saying? Well I actually that is incorrect, the confidence vote that took place proved that.
PH has actually delivered, we're sat on 1TCF of gas and the company has had to evolve so the plan has actually had to change, the company is small management wise so needs to concentrate on what's important at this time and thats monetising the gas. We're also in the process of a farm in campaign that is backed by an independent company specialising in that, on top of that there's he carbon play which is highly attractive in these green times. Also look at the shares in issue, compared the majority of E&P oil companies we have a relatively low number in circulation, the majority of other favoured companies are sat on multi billions of shares, they're only attractive because people are following the pundits.
Those that are on here knocking the company, PH and what ever else they're unhappy with probably don't have the intellect to sit and look at all the information presented over the last 12 months and come up with a logical argument other than its PHs fault because they're purely focused on the SP. If Block gets this right it'll rerate however Bigoffer Bitsa etc etc more than likely haven't even looked at an RNS they've relied on the boards and pundits.
Block is massively unloved and off many radars, thats because it hasn't attracted the dream chasers who follow the herd.