George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Don’t forget our way more impressive CCS …. All the large companies are going to need that to be carbon zero ….. it’s not a case of hearing the penny drop now …. More like a gold bullion bar
Https://agenda.ge/en/news/2024/38776
Come on PH! Georgia need our gas.
MgBRG96 =CP
Clue "aggresive bonfire in Cardiff"
Wise not to run too soon.
Despite my optimism MCap is just 10M and despite the 50% rise of recent days we've hardly started to claw back losses.
So personally I'm pleased to read cautious debate being created.
Once we get positive news we maybe in a position to play with figures.
It's tempting and I'm guilty but I know I must catch meself on!
Ktf and gla.
Certainly it's potentially huge but all I know is that, as reported, we have storage capacity estimated at 256 million metric tonnes. I have no idea how much we'll have to share with a partner or how much the government will take or what the CCS rates to third parties will look like when we're eventually in a position to market our capacity. Like I said I'm full of optimism but just feel predictions are running ever faster ahead of facts at the minute. GLA!
Thanks for taking the time to reply Shed, I've posted as I see this and the numbers for CCS at $3 dollars a ton I feel are realistic and achievable. What value do you put to it?
Thanks for raising your points as a potential debate because kicking this around can only be good.
Evening Mg - I'm not deliberately being the in-house curmudgeon for the day but just a couple of points. PII as an example can hardly be described as 'high impact' as despite numerous false dawns it's never happened. Also calculations on the net worth of the CCS project are entirely theoretical because we can't independently finance it. Cash is king and assuming we can attract a partner they will want a huge slice of the action. Having said that I'm invested and feeling upbeat but I do feel ,with respect to some enthusiastic posters that expectations are starting to get unrealistic.
I thought I’d drop some of my research notes, Block have significant acreage in Georgia onshore and has four high impact projects running virtually concurrently. The main project is Project 3 however an overview of the four projects are summarised in the March presentation
https://www.blockenergy.co.uk/wp-content/uploads/2024/03/corporate_presentation_2024.pdf
And
https://www.blockenergy.co.uk/wp-content/uploads/2023/12/black_sea_dec_2023.pdf
A recent addition is Blocks Carbon Capture and storage which is in addition to the other four projects. The numbers on this alone for a minimal net profit of $3 per tonnes have the sp based on their lowball project is 84pence a share.
There’s an interesting video here
https://vimeo.com/748840353
With a more in depth presentation here.
https://www.blockenergy.co.uk/wp-content/uploads/2024/01/co2_storage_and_low_carbon_gas_opportunities_georgia_dec_23.pdf
I'd agree true value for us as shareholders in this whole process is to be a partner with a farm in company that takes control on a farm in and we sit and take profit.
Either way if there was a vote I doubt we would have much of a say looking at the significant shareholder list.
Agreed , hold for the much larger rewards
Yep, and well said Shedulike..........! :)
we can only guess at the negociations that are on going for the farmout/JV of proj III , and CCS will add value to 'em FOSHO.........! :()
All the best (I'm not for a complete buy out of the co. either........! :()
now is the time...
I'd say get on to Richi S and tell him you can pay off the national debt .... j..... where do these questions come from...GL...
Very true , personally.. I would prefer jv over a buy out
Block have stated that they are looking for a farm-in partner to help them initially with appraisal wells on PIII, whether the intention would be for the same partner to have the clout to help develop the CCS as well I don't know. What I would say is that we have absolutely no evidence that anyone is looking to completely buyout BLOE or that they even want to be bought out.
As it’s a plc, all shareholders would vote to either accept or reject an offer , so depends what offer we get , I would certainly reject any daft offer
Yeah ..... I thought it would have to be a smaller chunk sell.
So with this firm....I've never been in a buy out position.....if a buy out occurred, are your shares auto sold at the price set by the buy out agreement?
I would sell out in small chunks over a period of time … get a better rate that way. Unless they get bought out , then it’s one rate for the lot
Here's a question for you, and this isn't me getting a head of myself.....I've been thinking about it for a while.
Let's pretend you make a trade and then the next day its suddenly worth....I don't know...let's say 2 million pounds.
What would be the best way to sell out in this situation?
Would you do it in many smaller trades of lets say 50k or 100k at a time over a day or 2?
Would you sell out in a oner and is it even possible at that level to do that?
Would you have to contact your trading service provider and tell them what your planning and they would sort it out?
I'm just curious what people's thoughts are on this and if anyone has been in that situation yet as it's bugged me for a while.
Agreed mg… fairly sure they would be running 🏃♀️ n much higher margins than 1 dollar in 60…. I would be shocked if it was below 15% with it being quite a niche but important market now , so that would be 9 dollars minimum IMHO, so there’s £3.12 right there … and we haven’t even got round to what was the golden child ….. P3 , p3 we are all thinking once expenses paid back it’s 35-45p for quick sale , so I would like to think quick sale now starts with £1…….
We have to hope the company have a plan to get the most out of this. The CCS should be getting showcased by the company. $1 dollar profit per ton is worth 28 pence per share. Thats part of a quantum leap right there.
Morning Peeps..........!
running with ephemeras' find, thank you for that ephemera, a couple of short promotional vids for you all to watch at your leisure ..........! :)
https://www.youtube.com/watch?v=sCuZhWJPShk
https://www.youtube.com/watch?v=wVR4iLzdXHk
All the best (Georgia is certainly on the global focus eh.........! :()
now is the time...
Well spotted.... another potential...for meeting, persuasion, for agreeing, to shaking hands?
Joining in the research, interesting to note that in 2 weeks the 57th ADB (Asian Development Bank) meeting is taking place in Tiblisi, 4000 delegates, 68 countries on May 2nd - 4th..... good day for signatures one hopes.
Https://www.worldoil.com/news/2024/3/18/totalenergies-joins-chevron-equinor-with-acquisition-of-talos-energy-s-ccs-business/
Only a month old this article. It just shows how the majors are interested in CCS. Onwards and upwards next week!
That’s another sizeable chunk taken out of the free floating shares , all the rest with investment companies and our sticky mits …. Should all help when good news RNS lands for this going nuts