Member Info for rlightor

Of course it’s bad news to know we have a shed load of oil on our territory, give it time and we will have 10 years of gas available to us too. What a burden to us poor share holders. Hidden agenda me thinks. Let me have your thoughts on this please? (Sarah, don’t bother, like many on this board I haven’t read any of your garbage for months and it’s a better place). Good luck all.

Bitsa. You’re not in a relationship with Sarah are you by any chance? Only in a similar form you don’t seem to add anything constructive or debatable , you just repeat yourself. What’s your purpose?

The only effect she’s having is on the mental health of those who read her carp. Filter her and all is at peace.

Nice buy went through after hrs. Good luck all.

Hep. In principle I agree but, are we absolutely sure the drill has stopped turning? Have priorities changed? If the drill is not turning as you say what is the reason? Oil was auctioned last month, if the drill isn’t turning for what ever the reason I expect we will all know in due course.

I agree. There is a working relationship, the company’s mission will be very inline with that of the gvmt. The gears keep turning in the background. We shareholders will only be informed once it’s all agreed. Priorities will change if funding comes in from other channels.

This makes an interesting read , I’ve just been doing some research over my bacon sandwich. It’s a year old I know but has become even more applicable as Georgia shapes itself for EU membership.

https://libmod.de/en/inputpaper-energiesicherheit-georgien-integrierter-europ-markt/

Spud. I see major holders numbers remain the same. Any news to do with gas will only come when the Gvmt approves it. Hasn’t the Gvmt got a lot of skin in this ?

JD. As with all contracts/deals, nothing will be announced until the deal is finalised and signed. The Gvmt will then announce and Bloc RNS it. As for the 30 million, I’m not sure this is just an investment in Bloc, I didn’t hear that but happy to be wrong. I’ve said it many times in the past so might as well repeat myself again, this is ALL about gas and energy security for a growing nation. P1 was the means to get there but as you say, if somebody is interested in footing the bill and it tastes good to Bloc, bring it on. Let’s all be patient. Good luck all.

That’s making the assumption that P1 isn’t moving forward, what evidence do we have, or is it speculation.

Chesh. I think project lll is the priority, project l is the means to progress it. Plll will move the share price in my view. Thinking out loud , I wonder if P1 is not progressing has something changed ?

Having read that, would I be correct in thinking Block is well positioned with its licences to take full advantage of geothermal whilst progressing its huge gas find ? Thanks Bobby a useful read.

I think the troll has put some weight on over the last couple of days. Feed it and it won’t go away. Ignore it and it may realise its input is not wanted, unless of course it starts to post useful information we can all discuss. Up to you S. I have you on ignore so don’t bother replying, I’ve also got my fingers in my ears.

You can always vote with your feet.

Rob. I share your disappointment with present share price but the business is in the game of drilling, assessing results then deciding next drill location on results. We’ve seen switching of well choice as a result of previous well results. The company needs to do this to ensure future drill success, nobody will thank them for a duster.

As far as raising cash , I’m not aware they are looking to raise cash, PH has stated that it not in their plan. Steady progress is what we are seeking for future success. Patience is needed.

The latest well went into production on the 8th sept so it will have a very positive effect on boedp. I’m guessing 700 - 750 are our production figures. That puts us in a good place in my view. Will we make 1000 by end of year I’m not sure but all very positive.

Sounds a little like bullying only the troll doesn’t have a spine. Easy to hide behind your screen. Filter the useless oiks.

I think most on here know where this can go on just over 1000 barrels a day. Revenue alone at that volume delivers in excess of £25 Million! I accept costs of drilling take a large chunk, but really 1.5p a share, value of company £9M??? Oh, and there's gas, lots of it by all accounts.

Oh and contrary to some people's views, wells appear to be performing better than expected.

We will soon see me thinks..

Good luck all , well excluding a few :o)

Buying pressure. Do we have an RNS logged or folk getting before next week? Looking good in my book.

I’m not sure he works for Bloc. As said earlier it’s not hard to see if you’re local. Satellite image are useful for an understanding of the terrain. If he’s just an onlooker then good luck in trying to sue him.