Member Info for Thordon

Smoke and mirrors , its all too blurred
What needs to happen is a statement from Block Energy of information to rumours and update which is long time coming.
looking at google earth for update of progress is very sad as it may be 2 years old or 1 month who knows.
Twitter well that worse then here , at least we talk and debate and argue and fact find some times

Would appear MMs have a buyer , so taking advantage

Smoke and Mirrors , suspect that something is at hand its a game of wait and see.

Hi AJW so your saying that until gas is connected then the deal will commence with Schlumberger , a two sided blade then.

Agree that TRX is going the right direction , but the sting in the tail is the overhang of share raised and that Covid 19 has had a impact of surgeries.
So going forward September to December will be the telling point of sales , expect a loss for Interim of £4.3 Million with Full year results of £5.9 Million loss.
2021 expect a maiden profit

Which ever full backer of TXR , just bad luck timing

Wentworth Res are on the hunt for Assets , Have the cash to carry the farm out

Rajbury always against plural terms for company's as they always have more then one over a period of time.
Some company's have quarterly Interim's and in Loopup we have update several months ago on turnover.
So stand by my words , best invest here our lose out

Around 17th September , from memory of last year

****************************/articles/bloe-transformational-acquisition-presentation-aca6af3/

As to regards of the work force of Schlumberger employees these will be combined once the deal is finalised

****************************/articles/bloe-transformational-acquisition-presentation-aca6af3/

Rustaveli ; Georgia from Schlumberger work locations have now been removed from the list , would appear that the deal is going through

As a note 3 months ago was listed

https://connect.slb.com/locations.aspx

Schlumberger paid taxes to Georgia
Project Report
Taxes Royalties2
Licenses
and Fees
Production
Entitlements Bonuses
Infrastructure
Improvements Dividends Total3
Rustaveli .................................................................................................................. 0 0 98.8 3,474.3(a) 0 0 0 3,573.1
2019 Total ............................................................................................................... 0 0 98.8 3,474.3 0 0 0 $3,573.1
Government Report
Taxes Royalties2
Licenses
and Fees
Production
Entitlements Bonuses
Infrastructure
Improvements Dividends Total3
Georgian Oil and Gas Corporation .......................................................................... 0 0 84.8 3,474.3 0 0 0 3,559.1
Ministry of Finance.................................................................................................. 0 14.0 0 0 0 0 14.0
2019 Total ............................................................................................................... 0 0 98.8 3,474.3 0 0 0 $3,573.1
(a) Represents payment in kind of 54,179 barrels (bbls) of crude oil.

Expect the Schlumberger deal to be passed by regulation from UK and Georgia in September as usually takes 6 months , then a short period after this date for Block Energy deal.
Farmout deal will also depend on 3D survey as to prove the size of the proven gas reserves and the technical difficulties to recover the gas.
When the deal does go through can easy see the share double or more , its a game changer and gas has started to climb in price world wide ( gas price in Georgia fixed for 21 months at present ).
If Block Energy pull this off then the CEO has some grace with Investors

Hi Fuse
· Includes oilfield materials inventory of US$1.5 million in value, estimated by Block.
· Includes central production facility with storage for 36,000 barrels of oil, a workshop, a laboratory, and a compound with an office and warehouse.

Im sure it would have said a drilling rig but you never know and , also the value may be base on resale value and not actual value.

Think there was a clause in the inventory for payment in kind if value was over this amount.
Just the above is equal to 10% of company value of block

Can not see the break through of 250p until we have the Interim's excepted in September , this we already know the rough results , but will give a indication of July and August figures of uptake and the conversion rate of Teams.
With regards to Interim's we would be able to see the growth pattern of uptake as Jan to March we are guessing are flat period.

means can buy more shares at deflated price

Looking forward to the next couple weeks , should be a strong time for Totally

In Truth can see match and play in both Models , Next couple weeks going to be interesting for August figures and the last six months breakdown.

observer842 - blinded by facts and you keep trying to push this up.
Games up observer
Not a shareholder or intend to be too many over the last 40 years been duped into buying this company .
1980 is where this company first started off then multiple bankrupt administrations to the present company.

All gone quite