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Block Energy Investors - BLOE

Share Name	Share Symbol	Market	Stock Type
Block Energy Plc	BLOE	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	-0.025	-3.70%	0.65	13:08:06

Open Price	Low Price	High Price	Close Price	Previous Close
0.675	0.625	0.675	0.65	0.675

more quote information »

Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

Top Posts
Posted at 20/12/2024 21:22 by sarah68 there are actually two positives tarbt baby.... 1. investors will be put out of their never ending misery after so many broken promises...one being a quantum leap stated nearly a year ago....where is it....what value has ph given you this year? This will then allow said investors to 'hopefully' channel their future investments into a company that will actually give them a return.... 2. me accepting all the apologies from all you mug punters who ive been telling that this will delist when it DOES.... now is the time all the best Read Full Thread Reply
Posted at 20/12/2024 15:06 by sarah68 1- "The Company remains focussed on delivering a quantum leap for our shareholders and has an extremely busy first quarter planned in 2024, when we will continue to implement our strategy, which is being funded by current cashflows. In the meantime, I wish you all a Merry Christmas and look forward to reporting on our progress early in the New Year". 2- Paul and his associates paid extra shares as bonuses for extraordinary performance 3- Paul ,at a interview sometime last August “Signing is delayed due school holidays”but no reference to 24/25/26/27 So after 12 Months company share price “All time bleeding “ Paul are u fit for the purpose? think that was well written....hopefully any new investors realise they will lose every penny they invest in this pile of poo poo now is the time LOL all the best Read Full Thread Reply
Posted at 03/12/2024 18:42 by sarah68 and there you have it....over on LSE if you dont like our rhetoric and abide sell up and shut up.....what the hell is wrong with an investor venting about the dismall performance of the company run by a complete and utter useless CEO....that is PROVED by a decimation of the share price by over 90%.....and why pray tell did they stop quarterly reports....isn't it incredibly important to understand the current balance sheet of a company your invested in???? utter idiots... now is the time LOL Read Full Thread Reply
Posted at 04/11/2024 11:26 by beertokens Oh and you clearly can’t grasp the English language either and are clearly wasting our time as a non-investor too. Read Full Thread Reply
Posted at 04/11/2024 11:12 by beertokens Hmmm if I was going to be a pedant I think you mean “you are” an investor here not your. Read Full Thread Reply
Posted at 04/11/2024 09:15 by sarah68 a would rather a hug rather than an hug sweet pee clearly your investor here who cant grasp the english language.... DELIST SOOOOOOOOOON Read Full Thread Reply
Posted at 13/9/2024 18:46 by sarah68 This is a great time and great price to buy in. ummmm i think you will find that that has been said over and over again for the last couple of years...... please explain why there could be an update on a farm out withing a couple of weeks especially when apparently everyone is on holiday....?? can you tell us what PH has achieved in the past 6 years....ill help you....absolutely nothing....apart from decimating the share price by 90% whist no return to investors and taking a huge pay cheque....interest payments and bonus.... seriously you lot live in dreamland....he is a useless ceo and thats proved by his track record.... no red flags ????? finally where is the quantum leap?.....LOOOOOOOOOOOOOOOL all the best....DELIST will be presented Read Full Thread Reply
Posted at 22/7/2024 16:58 by jaknife Faraweigh2, "Pivotal year and the Company believes news of its initiatives and operating developments no longer conform to a quarterly news cycle and therefore risk compromising strategic and commercial discussions with potential farm-in candidates. All taken as fact from recent Ragulatory Newsflow." You are confusing "facts" with "management spin". BLOE's management are a bunch of shameless spivvy promoters, they routinely put out spin to sucker in naïve retail punters. Hence you read: "2023 stands out as a pivotal year for our Company." Whereas professional investors looks at the accounts and see: * In 2023 the Company made a post-tax loss of $2,213k, a 37.6% worse loss than 2022's post-tax loss of $1,608k * Cash burn in 2023 was $1,737k, the Company ended the year with net debt of $1,287k when it had net cash of $450k a year earlier * The 2023 accounts are caveated as to going concern because the $2.0m secured loan is due for full redemption in August 2024 and there are scenarios in which the Company may not be in a position to settle this liability on time. Your job as an investor is to look at the accounts and see if the words that management BS to you match with the words and numbers that they are legally obliged to publish in the accounts. In BLOE's case management have won awards for pulling the wool over the eyes of its investor base. There are some deluded investors who actually think that BLOE made a profit in 2023! Can you believe that? JakNife Read Full Thread Reply
Posted at 19/7/2024 12:01 by sarah68 you not only have to look at the dismal performance of the company over the last 6 years....decimating the share price by 90% whilst returning ZERO to investors but just take a look at PH record in business.... Ekeh Petroleum - director - company dissolved Spur resources - director - company dissolved Tamar oil - director - company dissolved Taoudeni resources - director - company dissolved now if that doesn't put off any potential investors they need their head seeing to i bet he is regretting using the term quantum leap..... all the best Read Full Thread Reply
Posted at 01/7/2024 09:20 by andyalbi71 Interview with PH https://bm.ge/news/raze-mushaobs-navtobisa-da-gazis-mompovebeli-kompania-block-energy-saqartveloshi-interviu-pol-heivudtanThe Block Energy company, which has been working on oil and gas exploration and production in Georgia since 2018, is currently focused on the carbon capture and storage project, as well as on finding a partner to develop the natural gas project. The company has a perspective on the cooperation with Georgia Oil and Gas, which implies the unification of the license areas, and positively evaluates the existing business environment. BMG's questions were answered by the CEO of Block energy, Paul Haywood. Block Energy has been operating in Georgia for more than 6 years. It is interesting how you evaluate the recent events. The adoption of the "Russian Law" created a rather turbulent environment. What do you think about this situation? We focus on business. Of course, we keep a close eye on political events, but the most important thing for us is that we continue our activities as usual. We continue to produce hydrocarbons that are sold on the local market and contribute to meeting Georgia's energy demand. Based on the current situation, do you not expect any type of negative impact on your activities and investment plans in the future? No, we don't think so. Block Energy does not have a similar position. There are significant contracts with foreign investments throughout Georgia. I think Georgia remains a great place to do business and is still outstanding among comparable countries in terms of providing an easy business environment. How was 2023 and the current year for the company, how much did you invest, how much gas and oil did you extract? 2023 was essentially a transition year to what we now think of as a strategic initiative. This is a very important gas project that is located in the lower horizon, below where we will extract oil and gas. The company focused on maintaining baseline production levels. Also, to strengthen the strategic interest in Project III. This is a multi-trillion cubic meter gas project. We have engaged a UK-based investment bank to assist us, and this effort is focused on finding a partner to develop these resources. Resources are important and can make a significant contribution to meeting Georgia's energy demand. We are in these processes now. Who exactly is your partner in this project and what is the investment cost? This is LAB Energy Advisors, which helps companies find targeted, industry-focused investors. The initial estimate of the project is about 30 million dollars. The capital expenditure profile is 12 to 18 months. In case of success, the investment within the framework of the first phase development will be from 50 to 80 million dollars. What are the oil and gas production figures, if there is growth, and how satisfied are you with the results? We are satisfied because the company continues to grow and develop. Oil flows cover costs and enable us to implement our strategic projects. Like any active oil and gas company, we want to move faster, but obviously speed is often related to capital constraints and what you can spend on developing strategic projects. So far everything is going very well and we are getting a lot of interest. Which also kind of answers your original question about the impact of the political environment on business. Block Energy has 5 main projects in Georgia, what is their current status? Project I, which mainly includes ongoing oil and gas extraction, is steadily developing. This project covers the company's expenses and allows us to direct free financial resources to the development of strategic projects. In the case of Project II, an evaluation and development plan is being developed. We have already talked about project III, we are in the process of finding a partner, which is gathering a certain pace. Block Energy's interest in Project IV is currently passive. It is important, but it is being developed by a local oil and gas company. There is a high interest of foreigners in this project, which emphasizes that Georgia remains a subject of interest for investors. Read Full Thread Reply

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