Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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What Hepseal was looking at yesterday..........!
https://www.carbfix.com/
smaller scale comparison......!
https://imc-production-uploaded.s3.eu-west-2.amazonaws.com/audio/57537-ccs-ooportunity.mp3
All the best (Iceland or Icing on the cake......? :()
now is the time...
08:53
"At the moment, we can only suggest possible scenarios for the outcome of the farmout/JV......!
hows about, £110m (rembursed costs for Proj III) and a 50% split on future revenue from gas extraction and sale, on a free carry..........! :)
I haven't forgotten CCS, that could be a x3 way CAPEX split (further down the line) between us, the farmee and the Gov......! :)
All the best (to generous.........? :()
now is the time..."
Thanks for reminding my of that Chesh, The CCS will be great for net zero credentials and can certainly be monetized but I do think the actual value will be more about the number of businesses that can geographically and/or practically take advantage of the facility rather than the actual storage numbers available. For me. Project 3 is still primarily about the gas.
Can’t beat a good set of buttered baps lol
Nearing that great Cafe at platform Gap up #2.10p Tro........! :)
Bacon bun, wiv an egg and brown yep..........? :()
All the best (buttered babs..........! :()
now is the time...
1.79 to buy atm
Question #03 from the Inv.meet Q'n A.........!
https://imc-production-uploaded.s3.eu-west-2.amazonaws.com/audio/57537-ccs-ooportunity.mp3
All the best (just a 1.50min listen is all..........! :()
now is the time...
Pinched from Carbfix website:
"As a sign of ever-increasing interest in CO2 mineral storage, Carbfix has compiled a mapping tool that shows the feasibility of applying the Carbfix technology for industries and nations to assess as a part of their climate strategy. The global storage potential is greater than the emissions of the burning of all fossil fuels on Earth."
"It is estimated that Europe could theoretically store at least 4,000 billion tons of CO2 in rocks while the United States could store at least 7,500 billion tons."
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.
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.
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