The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Good to see our global traveller is back spouting nonsense, Anyway Avi8r what did you do in the cruise Avi8r? 'Meow' or shout 'on guard' for the whole trip?
Something tells me you're an on guard type of fellow.
Anyway I'll fluff his numbers and do what most companies do I'll take the mid estimate and then I'll take 25% of that value and half the $20 a ton that Cenovus are getting. thats still £15.44 a share.
The numbers, quality and scalability of this project alone are huge and whilst I know Block will never get those valuations but it show the potential and how wildly undervalued the company is at todays prices.
Anyway lets not get to excited hey?
Good morning and good stuff. Thank you sir.
Check Cenovus energy (CAN) Ultimately 20 million tons of CO2 are expected to be stored @ cost $20/Ton of CO2, with over 30 Million tons injected since the project started. Figures are old, and suspect prices now cheaper following technology improvements, CCS has been around for a while. What has been overlooked here is that CO2 is used to assist extraction, its not a matter of filling a void.
Block states 'reservoir scale storage is estimated at 256 million metric tonnes', and 'basin scale at up to 8.7 gigatonnes'. The 256 mmt is clearly more objective, however basin-scale is rather more complicated hydrology and less defined.
Some wild figures being thrown around here, lets not get too excited
So does this: http://news.cnpc.com.cn/system/2024/02/07/030124615.shtml
Look at the number of references to the Belt and Road initiative. Georgia is the key part of this.
Https://vimeo.com/904455353
Says it all
So carbon capture alone …..
The CCS numbers are crazy and based on the figures Block have given the value is $522bn for 8.7gigatonnes., based on 60 dollars a tonne £569 per share……. Bargain
I think Bloc has it all!!!
A couple of cuttings I like are....
The oil and gas industry has a dual role, a dual mandate in energy transition, in delivering hydrocarbons to keep economies running, but also contributing to the transition to a low-carbon world. Especially gas has made important contributions to global carbon emissions reduction. Oil and gas remains the bedrock of economies. The oil and gas industry delivers reliable supplies that growing economies require, at the same time applies its great capabilities and innovative capacity, developing new solutions and opening new windows to meet the challenges of the future.
And...
Under the carbon peak and carbon neutrality goals, oil and gas are the main energy sources of the world. With the decrease of upstream investment and the increase of supply uncertainty, oil and gas security becomes the core of energy security. Under the carbon peak and carbon neutrality goals, oil and gas production in the green and low-carbon mode and oil and gas stable supply are facing intensified pressures. It's urgent to accelerate the core technology innovation in the fields of smart technology, multi-resources and multi-energy green synergy in super basins, new generation engineering technology and equipment, and oil and gas field carbon dioxide capture
I have just read the sums on carbon capture alone … foo king hell…. Stuff 20p a share
If anyone has any doubts about CNPC being the front runners for the farmout read this article and the links contained therein: http://www.cnpc.com.cn/en/speeches/202209/bf817e8f7eaf42858c8392e986bd20a5.shtml
They seem to be to be streets ahead of the competition imo and the recent meeting with the Georgian Government reinforces my view.
Https://ukccsrc.ac.uk/news/
The Chinese seem to be taking CCS seriously! Perfect for Block!
Https://vimeo.com/904455353
Let's get this video circulated for all those who haven't seen it and don't know about the massive CCS opportunity we have. One of the biggest and best in Europe!
Does the late flurry of buying indicate an RNS in the morning?? Hope so