Member Info for Thordon

Again no certification of product
3D model
No employees except director and they need funding soon
No Gas boiler and now removed from website
No deal with Volvo except expressed a interest on 3D Model
New ( Word ) ideas every year to raise capital without a firm deal
Corruption at the heart as Phimx says prove it

Anyway you need employees to make this work or not

My guess we will not hear much in news regarding Loopup , maybe some new pods news.
February looking the firm favorite for Full Year results.
Several of the jobs have been taken up the vacancy page , some new jobs been added as well.

grsshaw i know but highlighting the dumbness of the boring against good assets.
Would buy more Wentworth but invested heavy in
JKX - 20p
ENW - 15p

Would normal sell but so undervalued and believe both will be in the 40p range soon.
Then top of my boring Wentworth share.

The shares here are my speculation - so was lucky at price bought and will not top up

cperkin you do make me laugh ; Wentworth will have £29 Million in two years time and paying a 8% Dividend
Another planned drill in 2024
Will look at depressed company's in two years time to add to there investments
Not really boring
Could be two years time this company will be owned by Wentworth - then Scirocco Energy becomes boring then.
Anyway Scirocco Energy needs to one raise funds or find a partner or sell ; which ever will be backer off.
So when Scirocco Energy starts making gas then it becomes boring then ??????

maidit308 ; if you had time to read the RNS - Volvo only looked at a 3D model
1984 to 2020 - no one has seen a working Model

Wentworth have ruled out any buying of assets in Tanzania for the next couple of years or unless the company is depressed.
As for a company with no debts cash $17 million and pays a 8% Dividend you class that as boring well to me that's a well run company. Debt is ok whilst you still turn over cash to support the repayments , but look at all the company's in trouble now due to Covid 19 the stronger ones will win and company's strapped for cash will fall.
You should look at Wentworth in a different light a Vulture ready to pounce on strapped near bankrupt company's.
Anyway Scirocco Energy needs to find a buyer soon or farm out , the $5 million loan will not last long and longer this goes on will sell my stock whilst in profit,
Lol Boring - I take boring every day at least have a paycheck every 6 months

Richard Sneller now increased to 9.13%

Terms of the Acquisition

Consideration for the Acquisition will be satisfied by the issue of share options ("Options") that will give Schlumberger the right to acquire 120 million 0.25p ordinary shares, representing 23.3% of Block's enlarged ordinary share capital, at a nil exercise price ("Base Options"). SRCL is being acquired on a debt-free, cash-free basis. If it is determined that SRCL has net working capital assets following completion, Block will issue up to 10 million additional Options to Schlumberger. For this purpose, it is agreed that the Options are valued at US$0.05 each. This imputes a value to the Base Options of US$6 million. The agreed value of the Options represents a premium of 92% to the closing price of Block shares on 25 March 2020 of 2.2 pence. The Options are exercisable between 12 and 24 months from completion of the transaction, unless there is a change of control or general offer in respect of the Company, in which case they are exercisable immediately.

Completion of the Acquisition is subject to the fulfilment of the following conditions precedent within six months from the date Georgia's borders are reopened:

· Regulatory approvals being obtained in Georgia and the United Kingdom;

· No catastrophic event occurring prior to completion in relation to the assets that would constitute a material adverse change; and

· Completion of the audit of SRCL's accounts for the year ended 31 December 2019.

Prior to completion occurring, Block will coordinate with Schlumberger in order to ensure the smooth operation of the assets in the interim period and to exercise operational oversight. A further announcement will be made upon completion.

lol my post was removed.
The Truth must hurt the holder of 35 million shares.
Anyway back to the norm , no product , no certification , no employees except directors , no volvo deal except expressed a interest on the 3D model , GM Vote , New RNS to sell Warrants = can not make it up but its true.

Mind you the price is still low may have a nibble top up

ragnarlothbrok , nice post have to say that Loopup are indeed different and not residential clients.
They have pies with the other main stream with there link up by phones , one that can be copied but in truth set up cost outstrip short and medium gain.
UK Government have enlisted Loopup as tier 1 and leads to Government contract including the NHS.
Let them sell this share down as for one will pick them up as a bonus

information for estimate and implied value
Financial Results of Schlumberger Rustaveli Company Limited

SRCL's unaudited accounts for the year ended 31 December 2019 showed net assets of US$4.1 million

Acquired company Deal status Date BLOE:LSE since
announced Transaction
value
Schlumberger Rustaveli Co Ltd Announced 26 Mar 2020 43.18% 6.00m

Which would value Block Energy of £25,751,072.96 or just shy of 6p per share

At last another update - seem very keen now on shareholders % this is 3 days later from last

Significant Shareholders | 6 November 2020
Significant Shareholders Number of Shares % of Issued Ordinary Share Capital
Amati AIM VCT plc 51,136,000 11.67%
Intertrust Employee Benefit Trustee Limited as trustee of The Block Energy plc Employee Benefit Trust 38,348,495 8.76%
Hargreaves Lansdown (Nominees) Limited 24,152,068 5.51%
Mr Alastair Ferguson 21,874,242 4.99%
Hargreaves Lansdown (Nominees) Limited 21,824,710 4.98%
Global Prime Partners (Jon Fitzpatrick) 17,502,699 4.00%
Hargreaves Lansdown (Nominees) Limited 17,408,801 3.97%
Interactive Investor Services Nominees Limited 15,198,355 3.47%
Barclays Direct Investing Nominees Limited 14,364,630 3.28%
G.P. (Jersey) Limited 13,130,000 3.00%
Plutus Strategies Ltd (of which Paul Haywood is a shareholder) 3,166,837 0.72%
Mr Philip Anthony Dimmock (Director) 626,649 0.14%
Mr Paul Haywood (Director) 560,000 0.13%
Mr Chris Brown (Director) 170,443 0.04%

Holding these shares for the next 5 years , if can will increase more shares but if over-weighted on balanced portfolio then will not.
Risk Vrs Reward

JKX not said they have written it off , they did say was hard to evaluate as not many Ukrainian company's to compare to.

Drill results will push this share up as well as the current gas price

Thanks mick2020

Positive statement ; Dividends could of been upped my only negative

You can down load there company accounts on the web link provided below , as using free version of Google Translate would take days to translate.
From there Web site the company is no Minnow ,