Member Info for staypositive

I have watched the video twice. He seems very confident and doesn’t seem worried at all. Certainly some big plans and expectations. It is what some have thought, they think it is time to move on to much bigger projects and collaborations. Also think undoubtedly the administration have had something to do with the change in direction. The multi-million-pound question is who and how will they pay for it. Time will tell.

GL all LTHs.

Thanks you cymro1864 and mikee_P. Very interesting. GL everyone.

Hepseal Thank you for your reply. You know my thoughts on the apparent lack of drilling. I always thought it was a very good move and solution to keeping the revenue coming in. And yes I agree cash flow must be a concern and increasingly tight. Fund raise coming of some description? Don't know. Farm in again Don't know. One thing for sure time will tell and you would think there will be some news of some description soon. GL to you and all LThs.

Lets hope so Rock......

Rlightor that is for certain shareholders will only be informed once it’s all sorted and agreed. I think priorities probably have changed. Ph being in the country only recently. The major holders seem to still be holding and there has been very few buys and sells.

Hep has covered some likely possibilities why the drilling seems to have stopped. I'm hoping they want to retain the cash they have from the recent sales for something positive. Questions are what and why.......

As always GL to all LTHs. Lets hope for some good news soon.

Rlightor It’s an interesting read and I don’t think the timescale of it has changed its importance. I know many are unhappy with the leadership of the company, I share some of the different frustrations myself. But I just cant see how removing them will enhance where the company is in relation to operating in Georgia and what appears to be a positive relationship with the Administration.

The country has become particularly vulnerable to supply security challenges in connection with its high level of dependence on energy imports.

And for the very reason I don’t see merits in removing the current BOD, equally I don’t think the Georgian Administration will want to start over again by removing some of what infrastructure it has. I do think however there may be some frustration on behalf of the Administration and possibly that is why we may be seeing a change in focus and direction. Hopefully we will find out soon.

Lots of potential with varying amounts of uncertainty and risk depending on your outlook.

GL all LTHs.

Bitsas004 I’m under no illusions at the joys and desperate failures of investing in AIM and similar markets. It’s all about risk and return for me. Glass half full and all that. I’ve always preferred being a punter rather than a layer, but I equally know which has made me money and which has cost me money, so nothing rational about feelings and emotions. I still see the upside in BLOCK from these levels, but of course I get that there are many holders and former holders who have lost faith. I just do not see the merits in trying to remove PH considering his relationship with the govt. GL to you in all your investments, lets hope for a positive outcome for all genuine holders.

Fingers crossed for the LTHs here, hope it turns around for you.

Piscator1 As hard as it is, more patience is required and I believe LTHs will receive positive returns, obviously depending on their averages. There are reasons for the radio silence and the hysteria around the BOD are trying to steal the assets, the assets that the same people tell us you can’t get out of the ground in commercial quantities, in my book is exactly that, hysteria. Disappointed that the drilling campaign seems to have stopped, but thinking there is a very good reason for that which we are not privy to at this moment in time. Good luck all LTHs.

Chesh Interesting question yes - "I'm wondering where the MMs will take the shares".

GL everyone......

Thanks Chesh, yes a typo from me. And for further clarification you can still sell 4m in one go. Now if there are no buyers, I'm wondering why the MMs will take the shares.

Keep up the posting Chesh, GL to you and all LTHs.

For those interested you can see 4m shares in one go again.

GL LTHs.

Hepseal I do agree about the drilling but as discussed why has it stopped. I’m assuming the oil sales have gone through so if it is money that is delaying it, why? Not a whisper about any problems with other wells but history sadly tells us that does not mean there is not any.

Time will tell but for the record you can still sell lumps of shares so someone is happy to take them. Yet there are hardly any buys or sells going through. Hopefully news soon about what is going on soon and let’s hope it is good news, and about the gas.

Chesh your 13:28 post today - spot on.

GL everyone.

As far as I can see none of the significant shareholders have sold down any of their positions. GL all LTHs.

Thanks for your response Hepseal, we share many similar views.

All the best, I’m still a believer, farm out news coming, positive times ahead.

Hepseal what is your view on the lack of news on the Project 1 drilling campaign. Could be they are carrying out remedial work somewhere. Could be a change in direction. What I find interesting is you could sell substantial amounts recently, and can still sell a decent amount. There has been very little share action for months, a few sells and buys. None of the major shareholders seem to be selling down or deserting. Like always time will tell. For the record I did and do think the Project 1 drilling campaign is a good move so I am disappointed at the apparent sudden stop. Hoping there is obviously a positive reason for this. GL to you.

Thordon Lets hop this is the case. There is obviously something going on. Good or bad, the apparent inactivity and absolute radio silence tells us that.

Go all LTHs.

Welcome to the good ship BLOCK Billynomates1. GL to you.

ROCK or maybe there is a major bit of news coming that has a lockdown of communication associated with it.

1 Major bit of news coming that has a lockdown of communication associated with it.

2 Problems with current production/wells that they are not talking about, work being carried out on the quiet to sort it/them.

3) Just for the trolls and/or negative brigade - the BOD are trying to trolley the company to take the assets, by the way the same assets that the trolls and/or negative brigade tell us, you can’t get out of the ground in commercial quantity.

Clearly my view and hope is the first option. Option 3 is ludicrous, and make your own mind up on option 2. There has been no sell off from the major shareholders and it appears their positions remain the same.

GL all genuine holders. The silence is deafening.