Member Info for yiannakism45

I doubt that they repaid any tranch of the outstanding loan .See the additional cost of repayment.{ The Company may elect to repay amounts outstanding under the Loan at the end of each quarter, in part or in full, subject to a 2% early repayment fee concerning the outstanding principal amount}.Anyhow this is a win-win situation as far as PH and the other lenders are concerned.

As I posted a few days back I suspect they will roll over the loan with additional warrants attached to their advantage.

Good luck

Avi8r,

The market is punishing us shareholders and rewarding PH for the excellent job he is doing for himself and his clan.Next RNS will be the roll-over of the loan with additional cheap warrants attached in favour of himself and his cheerleaders.

I now suspect that some of the constant applauders will participate in the new loan.I am sure they will find the terms of the loan magnanimous.

Best of luck

Thanks a lot Islandgirl

Can somebody tell me through which broker can one buy ZPHR shares?

Hepseal ,you are trying to cheer us up I suppose.

He is being paid full time plus bonuses to pursue his own personal interests.

No wonder he paid others to do the negotiations for the farm-out.

He has no time for Block.

Priority No.1 is PH and who cares for the shareholders.

Any of the Mid-Summer nights`dreamers attending the AGM/ Can you ask the Magician when to expect the Quantum Leap?

Or if he intends to roll-over the loan before that happens or convert it to shares when the share price bottoms according to his agenda!!

Bigboffer,

I agree with you 110%

The Remuneration comittee should definetely join Haywood on the exit.

Shame on them being so stingy for the tremendous value creation achieved by Haywood.

And cheers to the fans and admirers of PH who bought 333 +33 shares to-day

Now is the time!!!

After a review of performance against established Key Performance Indicators, the RemCom has determined that, for the financial year ended 31 December 2023 ("FY2023"), bonus awards are to be awarded to a Director,e.t.c

Why dont they tell us what Key Performance Indicators have been surpassed and the way they calculated the bonus shares. IWell some fans of PH do not find these awards controversial.It seems they know the metrics but we shareholders cannot complain for the abject performance of the SP.

Quantum stumble to around 1p!!!.

May be PH and company will convert the loan into shares at this lowly price and his fans will applaud.

So do not expect any meaningful progress on any front until this happens.The writing is on the wall.

Quantum leap of sorts postponed to September.

Best of luck to LTholders

It seems one of the PH pals bought 6000 shares @ 1,33p at 2.00 p.m to save the day.!!!

Grower 69,

1)Please refer to ephemera`s post of 19th April.This is a bank which could lend us money on very good terms if they buy all PH. I am sure he is not interested because at the Investor Presentation of the 11th of March he reassured us that he will roll over the loan he arranged at such despicable terms.

May be you were not reading all the RNS`s assuring us that financing of operations was secured from the proceeds of sales.

Well I thaught that now that all ducks are aligned he might have a go at securing a loan at better terms.

2)No good news in the next few weeks and we will end up begging him to roll over the loan

3) Some people on this board expect to recover the cost that SLB incurred in project III. Well this is dead money buried deep in the ground for which Block paid nothing.

4)The so called quantum leap will not happen in the promised time frame and will not amount to more than 5-6p.

I only hope you people are right and I am wrong

Best of luck

Hopefully Block Energy will attend and obtain something concrete

They did not advise shareholders if they will attend.

Whenever the SP shows some upward movement here comes PH to knock it down according to his own agenda.Only luck will save BLOCK ENERGY with this guy in charge

Where is the QUANTUM LEAP?

Well most of the warrants are owned by PH and his pals.It would be advantageous for the company if they decide to exercise them soon but there is plenty of time before they expire.

Also based on PH`s promise of a quantum leap and most probably having inside knowledge of of the progress of the projects I do not think they will exercise them as yet.

For sure they are not going to sell the resulting shares before the quantum leap .

Grower 69,

My exact words were:< it is evident that the 4th quarter was worse than expected> and is based on logic, not speculation. I did not say q4 was significantly down because I do not know. I am not privy to their books .But one must be suspicious .I do not see how the 4th quarter results would affect the negotiations for a farm out.

When PH spoke in March about positive cash flow and profit he was referring to the 1st quarter 2024 and this is logical as they are not spending a cent on opex.

I have an extra reason for not trusting PH because a few quarters back he was saying that all opex expenses were covered y the income from sales but suddenly he arranged to lend us a couple of millions at 16%+++

]Anyhow after the quantum leap saga I was also convinced and bought in again to lower my average.

It remains to be seen if the leap will be on target or under or overshoot it.

Bobby do not count on The AGM results .The outcome is known in advance.The significant shareholders invested because of Paul Hayward in the first place.The value of their investment compared to their portofolio is very small and their success will not depend on the minor investment in Block.Hopefully there will be news sooner than later.

The 2023 results will soon reveal what was actually behind the postponement of the quarterly notification of the progress of the company.Of course it is evident that the 4th quarter was worse than expected. Unfortunately we are trapped into going along with PH whatever the final outcome.

Best of luck to all LTHolders.

Bigboffer you areb right.He is working (part time) for his benefit and the benefit of his cronies.he will make sure the SP will suit his expected free allotment of shares in the next few months.

Well some of us on this board think that with the loan at 16% +++ he is doing us a favour.

I gave up calling for his departure .It seems he is well connected to all significant shareholders

Last time before the AGM I contacted all of them but to no avail.

Best of luck to all LTHolders. At the not distant future we will be rewarded

I am sure the Farm out process for Project III started on or about December 23.From RNS 22 December ''Following continued development during 2023, Project III was declared a gas resource of strategic importance by the State of Georgia, and Block has concluded it is now ready to support a farm-out at the asset level. Until now the Project has been funded organically through cashflows from Project I. The accelerated development of Project III has a good chance of success and promises to have a material impact on its Net Asset Value''.

My estimate is that we will have a relevant RNS before the announcement of the 2023 results (11 May).

Completely agree Bitsas and Bigboffer.

Overpaid for part-time work at BLOE over promising and underperforming.

A few more quarters of waiting for the Quantum leap.

I only hope he rereads his promises regarding KRT-45Z.

Blessed are the poor in spirit for they shall inherit the earth and FRR shares!!!