Member Info for rlightor

I hope he’s well. He was one who saw the potential in this company very early on but was slated by the naysayers.what he said has proved to be correct in my view. Shame as he always contributed with informed discussion.

I think he has you on filter Chesh but very much doubt he can support his theory with evidence. Let’s be honest, very few if any know what is happening behind the scenes, we know we have potential huge value but will we see the full value in the share price I don’t think so. The thing that gives me a positive feeling is the fact that we have some hefty share holders with some weight behind them. Still all looking good in my book and I’m sleeping ok at night.

Just thinking out loud. Large amounts of gas, ideal CCS opportunity and power cable to Europe.

Get real Big, we're open to an offer, either farm out or possibly buy out. Does anybody know the timing of this ? No I think not, If PH did speculate and was wrong you'd be down on him like a tonne of bricks. Patience is key.

This is a great opportunity, cash positive and huge assets in 4 projects. What's not to like?

Once there is a sniff of an interested party watch this fly.

I suspect there a queue of ISA B&Is right now. Give it a few days to clear and things may get back to normal. Huge potential here, I'd love to know what percentage of shares are sitting in sticky hands now.

Huge potential here and with Oil on the increase, it can only secure our position in any negotiations.

Good luck all.

Tea and biscuits around the big table too!!

1.185p paid

Any away !!

1.10p Paid

Good luck all..

So Bedex please share with us how you see this playing out. You seem to have a clear understanding all is not good but never share with us why other than PH is not to be trusted. We all know the past but things are very different today.

I think we'd all appreciate your take on it, please share with us. None of us wish to loose money or wish to see other loose money, if it's that clear to you I'd really like to understand.

Let's hope so, they don't deserve to profit from their underhanded actions..

Grower,

The Scottish contingent were here for a reason and disappointed for a reason. I have kept an eye on shareholder numbers for some time and seen little to no movement, last year the Block site detailed all holders including the likes of Hargreves and II, the holding sat at 63%, now that is considerable and I suspect it hasn't changed a lot since then. Those who are inpatient would have gone months ago.

In my view any aggressive action on bloc would be very difficult but never say never. If PH does pull this off it will be the deal of the century, what concerns me is that I can't believe I'm part of it. Like you I have continued to accumulate shares to what now I consider enough to change my life.

I agree 20p is low ball when total value is taken into account, 50p is still low but shareholders will take what meets their needs. If I'm not wrong there are some large investors here who entered at a high , that might help the cause.

Any sniff of an offer will drive this up very quickly to well over 10p, we've seen it before.

All my own opinion of course, good luck to all invested.

And if I'm right that this is 76 Billion cubic meters then that's very nearly 450 MM Barrels of oil equivalent.

These are very big numbers if right, but can somebody please check?

Before anybody beats me up please check the math as I could be wrong, significantly wrong, it could be 76 billion cubic meters?? Anybody with a brain please check as this sounds too much!!

What ever we have there is a lot of it and if I have done my math correctly 2.7 TFC equates to approximately 76 million cubic meters.

As detailed in Wiki "The world's 932 giant oil and gas fields are considered those with 500 million barrels (79,000,000 m3) of ultimately recoverable oil or gas equivalent".

If this is proved to be as we all hope we are close to being a mega gas field, should we be giving it away? I think not, it's too important. Being too important could be the sticking point as it is so political.

Thoughts?

Good luck all.

Rock. Let’s hope the 3rd party value the resource as much as we do. I’m still waiting for the side ball but can’t see anything but value in Block.

Is that not the same desk Georgian leaders sat around with the US and China officials?? I wonder if Block got tea and biscuits too? :o)

Big,

Once there is a scent of either an offer or a farm out agreement the market will respond appropriately. Huge potential here and four projects lined up for the picking including Carbon Capture, what's not to like? However nothing is without risk.

This is a very depressed market, there must be hundreds of untrusted CEOs across the AIM market and the broader small cap if your theory was true.

Good luck to all invested.

MgB,

Like most here, I wish somebody would just toss us a bone to keep us occupied whilst we wait.. Having been here from the off I've felt trapped but was lucky enough to take the opportunity to average down so now I'm sort of comfortable with my investment. I can understand how many unhappy investors do feel though.

Just interested in understanding why the removal of quarterlies might be an indication of a sale or have i misunderstood?

By the way it is a pleasure to get the discussion board back..

Before we accuse the heads of the company of failure, let’s consider the present market and the assets we have.

The UK small cap market is well underfunded compared to other markets around the world, it is well documented as so, there’s plenty of evidence and reference out there for all to read.

At some point the small cap markets will turn as the large caps recover, pension funds look more buoyant and investors look for new opportunities. Block resides within this market, it should be no surprise that we are undervalued.

Now consider the fact that many funds etc are not able to invest in fossil fuels, this also narrows our market place. Take also into account the global market is just recovering from two major shocks and a re levelling of overvalued markets prior to those events. The UK also has the added impact of a very poor mini budget, political instability and effects of BREXIT.

So the market we work in is very challenging, if I was invested in any other small O&G companies I would be considering my options.

Block is positioned in a Geography recognised as a major gateway between Europe and the Asian markets. Huge investments have been made and will continue to be made in Georgia which includes US and China majors.

The Georgian government have openly stated they need to secure their own energy supply as a result of the energy market upheaval. Georgia is considered a major conduit for future energy supplies to Europe. Historically Georgia has very large proved O&G resources. They are actively engaging with O&G companies to move forward the extraction of these, it’s all out in the news if you look.

Block is sitting on huge resources documented in a CPR supported by industry leaders. If you question this then you are in fact questioning the very method used by the industry to evaluate O&G companies value.

Block is cash positive and can increase cash flow if it chooses as stated in a recent presentation.

Block has a program that includes 4 significant projects, it has actively developed a significant appraised project to go to market along with others, these projects have been recognised as strategic to Georgia. In addition there's the opportunity for Carbon Capture which is a positive for any party interested in investing.

The interest is there, it all about timing, I believe political timing plays a major part in all of this.

In summary. We have a small company that is profitable, sitting on resources valued in excess of $1b. We have a government that wishes to secure it’s local energy supply and has recognised the importance of the assets we have rights to. We are placed in a geography considered strategic for global growth and investment in a market that is recovering and recognised as very undervalued.

This is my view and my view only but is the reason I'm investing here, I'm sure many will not agree but it's a discussion board after all.

Please DYOR

Good luck to those invested.