Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Not seeing a quote under 1.70p noe on the Ask for 100k on IG BTW.........! :()
all the best (2.10p Gap up incoming...........! :()
now is the time...
Apologies for the typo's - it seems the software converts my uppercase to lower. Strange! But good to see this moving upwards.
well said kilgeever ‘wise not to run too soon.’, but good to see the price steadily increasing towards 2p. iirc, tennyson proposed a fair valuation at 4p, with a total nav of 18.4p/share not including contingent resources, or exploration in oct 23. would be good to see recovery and stabilisation to 4p or even 18p.
in response to my questions grower69, thank you for the links, but the top 10 companies listed mainly refer to airborne carbon capture which, i understand, is not what is proposed as block mention water injection. typically water 20 tonnes of water is required to dissolve 1 tonne of co2, which will require some form of energy & associated cost to operate.
block have confirmed 256mt (patardzeuli reservoir) ccs which is good, the company mention world class, which it is, but to put into context, at 256mt that is just over 6% of the worlds (anthropogenic) current annual co2 emissions. there are larger opportunities elsewhere.
the 8.7gt (block xib/f estimate) storage is based on the basin-sink. to understand that requires understanding “basin-sink”, ie, how permeable, stable and similar (****geneous) the mineralogy is. block does not know this, hence the estimated figure and can only be confirmed by drilling (over 1km) and developing the reservoir. how many drills will be required? who will drill? what cost? importantly, what value does this estimate provide? after all, it’s an educated estimate but even at 10% equates to 870mt.
an example, talos energy sold its ccs subsidiary to totalenergies in a deal valued at $148m, included in the transaction one of the largest ccs portfolios in the usa, with an estimated total potential storage capacity of 1.7gt. block has 5 times greater estimated assuming the basin-sink can accommodate 8.7gt.
a good/great opportunity, obviously until associated costs are understood it’s difficult to determine an accurate valuation. the use of prof oelkers helps, an outstanding geologist (h-index 90; 60 index is exceptional) so his involvement and any report will underpin the narrative.
not forgetting the oil, with nav $500m which can easily be connected to the scp as i mentioned previously. i note cnpc are involved in azerbaijan where the scp originates, would be an easy decision to acquire, particularly given their increasing presence in georgia.
given tennyson’s 18p based on not including contingent resources, or exploration, it must be safe to assume this price will be surpassed with news, but i still think mid-may based on farm-out announcement.
... With Half a brain invest in this when Chesh is talking Jibberish all the time on this board . 33,000 POSTS is a pretty sad life to be honest . At least they are going up for a change . DYOR .
Just topped up a little more.
That's me done and watching now.
Shame there's not a list for that grower69.........!
the current, and only one being the "riser " list..........! :)
All the best (we could be on there by close today IMO..........! :()
now is the time...
Well that’s our 52 week best beaten
Clear air now Tro........! :()
All the best (the res has gone...........! :()
now is the time...
Not for 1m shares, but for a 1/4 of that @ 1.6225p now.........! :)
and there's a fantastic Cafe on the platform Gap up @2.10p BTW.........! :()
All the best (choo choo.........! :()
now is the time...
1.68 to buy....are we breaking another resistance level chesh.
I see 1m on offer @ 1.6125p if anyone wants to get off before platform Gap up @ 2.10p............! :()
All the best (MM's know it, so you should.......! :()
now is the time...
10% now grower69...........! ;)
All the best (on no trades, so we wait for delayeds........! :)
now is the time...
8.33% blue now grower69...........! :)
and the Bid kinda catches up with the Ask, for now.............! :()
All the best (2.10p Gap anyone..........! :()
now is the time....
I don’t think it’s that many now hence why this ticks up
Now with not much effort
Does anyone know how many shares are in free float here?
Question #07 on the Inv.Meet Q'n A..........!
https://imc-production-uploaded.s3.eu-west-2.amazonaws.com/audio/57592-given-the-current.mp3
BTW $140m is now £113m............! clocks tickin'.............! :()
All the best (regardless of inherited or just good business............! :()
now is the time...
Yep dealer55.........! :)
the run up to 2.10p is now clear IMO.......! :()
All the best (which is nice..........! :()
now is the time...
Hopefully there will be competition Chesh, but that is one reason why I don't anticipate news that quickly if they are negotiating with multiple parties.
With regard to the "reimbursed costs" I would assume these will come out of the first gas sales when they happen in about 3 or 4 years time.
Most of the costs seem to be inherited from the work done by Schlumberger - this from an RNS in March, 2020
"Block XIB has a cost recovery pool of US$103 million, which has been approved by the state, plus an additional US$30 million expenditure during 2019 subject to state audit."
When is the time.
I'm looking for a bitty competition for our farmout/JV of Proj III Oldlogger1234.......! :()
and I'm also open to who we farm or JV to/with too..........! :()
All the best (that's x2 squared on mad maths........! :()
now is the time...
This is the line I liked from the rns:
"The farm-out campaign is on schedule with ongoing discussions with a range of interested parties."
Lot's of people mentioning China but I'm hedging towards a middle eastern company myself. DYOR but it's definitely exciting times ahead:)
Ermm.........!
"we're looking at £110m reimbursed costs"..........! :()
All the best (obvs.........! :)
now is the time...
Mcap is currently £11m and we're looking at £110 reimbursed costs, on Proj III farmout/JV..........! :()
minimum.........! :()
All the best (not including the other Projects and CCS........! :()
now is the time...
That 1.6 topup was mine, even i am toping up, now could be the time...
And we blue … next stop to 2 (see what I did there) lol