Member Info for Thordon

Interesting question its both NHS & Private sector , i.e in NHS surgeons can work private outside contracted hours and private surgeons are free flowing contracted agents.
Supply & demand rules

What dilution

Spud date 16th June 2022

over 3 years ArielArrow , chasing the dream as here you are.

Block are in the right place , to repeat history on the past is good but in this case PH has delivered in past 2 years.
The problem in Georgia was gas a legal binding of all drills that gas must be collected , waste in the past had seen gas burnt at point to extract the oil.
We have seen two new well drills during this time , one successful the other minor but managed to connect all wells except the non gas producing ones to a grid network.
This allowed the last two drills to go ahead , there are multiple wells known to hold gas and oil from the purchase of new assets and slowly being targeted by connecting the gas network.
The PAT well is too big for Block Energy and needs a JV partner , add a couple Zeros if this is successful.
So my answer yes I back the board based on last two years.
Now if you point out that shares bought by block employees is negative , then remember all them employees are siting on a paper loss over the two year plus period instead of receiving cash.
Then PH during the Scottish period bought £120k at 2.5p , always look at leadership for investing.
Good luck that my view

Wow , seems the Scottish have truly done SCIR and end up nearly bankrupt

Positives are company is now cash positive and not loss making with gas networks expanding to all drill locations.

The real prize which goes unnoticed is the following which with a JV partner could make Block energy a rich company overnight.

Block XIB PSC

Block XIB covers 615 km2 and is the largest ever-producing asset in Georgia with over 180 million bbls of oil produced. It is located in the Kura Basin and is charged by a well-proven petroleum system. Production to date has been predominantly from the Middle Eocene. Only four wells have been drilled since 2009, three drilled pre-2017 by a former licensee and one, PAT-E1, in 2018/2019 by Schlumberger. Schlumberger's focus was appraisal of the natural gas in the Lower Eocene and Upper Cretaceous.

Block XIB benefits from 3D and 2D seismic coverage. The 3D seismic was recently reprocessed by WesternGeco and will be merged with that acquired by Block over West Rustavi in 2019. The Company's interpretation and understanding of the merged set will use production data and vintage and modern well logging information gained from the 233 wells on the block. The PSC has no remaining capital expenditure obligations and a remaining term of 14 years extendable by five years. The approved cost recovery pool at 31 December 2018 was US$103 million with a further US$30 million of expenditure incurred during 2019 to be added, subject to audit by the state. The PSC has attractive fiscal terms especially in the current cost recovery phase. We are inheriting an appraisal and development plan targeting gas initially-in-place of approximately 600 BCF, following the drilling and testing of a deep appraisal well completed by Schlumberger in 2019.

A state-owned underground gas storage project is located within the boundaries of Block XIB and is in close proximity to the 600 BCF structure recently appraised by Schlumberger. The Baku-Tbilisi-Ceyhan pipeline ("BTC") and South Caucasus Pipeline ("SCP") pass through Block XIB.

RXDAV - you had opportunities to rebuy at the low SP - but to did not not - stop whinging anyway from your words.
"@V111JAS: My posting history is available for all to see - I do not post only here - but don't post much these days anywhere. I'm afraid your attempt to paint me as some agent of the concert party will fail at the first hurdle. If you care to look you will note I was actively involved posting as a supporter of PI's in the recent EGM debacles - please check to confirm.
If my theory is wrong as to why the SP has been in the gutter for what seems eons they please enlighten me with a more plausible theory - because the the SP has been continually suppressed by selling whenever if gets near 3p - many have commented on this.
I just want good flow rates, a consequent spike in the SP - and to sell and be gone (I'll be happy with break even) - and I doubt I'm alone in wanting out.
All IMHO."
My view you have no shares and just a blatant disrupter.
Any good news you just ignore

Thursday 16th June going to be a good RNS ; Spud date

You do know that INSP have no employees since 2017 and only directors now.
Also its 40 years past to company to company and not one product to show.

Only a 1.5 p rise tomorrow will break even , my additional investment on friday was well time.
Then waited 3 years , the jigsaw finally coming together and it was all about the gas laws that put my hat off to Block Energy as this then extracting the oil possible.
Still expecting a JV on our biggest asset which is mainly gas find.
Time will tell

We had a cash raise just last year ?

Yes the future of Green Bio , looking forward to wednesday
New products still averaging 6 per week now , these are low volume but high profit add ons
Note new products are not separated to company's so may be 2 or 3 released by that company.

Was a good time to buy today , been 3 years waiting and maybe only a few months to see investment go blue.
This time the noises are positive

Well added more of Block 335,167 shares today , Monday 6th going to be a good day.

In the old times you waited six months for a update , it appears that even a few months everyone loses interest.

Looking at ingredients being used for all new products using ITX based chemicals , a sharp rise of 20% to a average of 6 new products a week.
Last year was a average of 5 new products a week , however ITX based figures on shipments to companies not new products so number of companies adding is reduced but still stronger then last year.

O2B@C problem is that the new breed have no patience , myself never sell till breakeven or profit.
Positive is that never lost but just over two years ago was looking at 60% lost and time over 18 months recovered.

Thanks Nolupus

No news im afraid , just read the RNS its a con
Last 40 years this has been passed to different company's without any progress,
Then company accounts show no employees but directors , keep giving wife needs a new car.
Just to clarify its a clever con on the directors on words , also feel the pain on there ex aim company now delistest due to Fed USA investigation.