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This is excellent news
People forget there will be EU grants/subsidies towards the project, so little effect on the costs side? EU wants to help Georgia........what news is next about the gas?
, "and the proximity of the Rustavi Azot facility offer the conditions for one of the lowest cost carbon sequestration projects in Europe.*
Excellent RNS. We are becoming known by the big boys ;-)
Yes hugely interesting, moves us from an unloved if not uninvestable (for some) sector right into the zeitgeist.
I knew it would make sense eventually.
The horse can wait.
Good morning all honest holders :)
The MOU is initially time limited. I suspect expenditure will be manageable while theoretical planning and surveying is primary. Existing funds and redeployment might suffice.
But not for long, not after the initial period I expect.
By which time the scale and importance of the project will see a different company profile.
Hopefully.
Excellent and timely RNS.
BLOE will see a wider audience come in to play plus Market recognition on these way markers.
The hard work by the team continues!
Block's clock ticking boxes.
MOU with a significant Asian outfit which already has a subsidiary in Rustavi! Remarkable synergy.
This is the start of a game changing move.
Well done PH, off the scale.
"Block and Rustavi Azot will form joint technical and commercial teams to begin defining a pilot CO2 injection project and will share commercial and economic information to determine an optimal monetisation scheme."
Very good positive news for the Long term future of Block Energy. Confirmation that the CCS project is not just hot air!!
The only thing is, will Block need some extra cash injection shortly to finance the above study??
Thank you Chesh.
I missed the part about Rustavi Azot ,subsidiary of Indorama Corporation, Singapore, as it came up in a different feed. At $60/ton and estimated at 256 mmt thats a lot of noughts ($15,360,000,000).
Morning Peeps......!
This is excellent, and a good start to the news rich period.......! :)
https://www.indorama.com/affiliated-companies
All the best (not a small organisation this........! :()
now is the time....
Local EU producer of CO2 and part of a multi national. Georgia showing internationals it's supporting reduction of CO2 and all friends happy. MOU will provide little old Bloe with access to easy revenue stream at$60 per tonne.
Well a very positive RNS ....
Why repeat whats already known? Interesting development and indicative of further news?
This has not been released for fun....
Grower, you seem to be getting rather a lot of basics wrong both with bloe and frr.
Did you do any research at all before you jumped in here?
Gary are you sure you're not the bedwetter here?
Anyway regarding bloe, seems to be following the usual pattern, PH is interviewed, promises the earth, sp rises then slumps as nothing materialises .
PH rinses and repeats .
And so it goes on.
Blimey , you did well Rock … ii were and still are quoting 1.52
Good luck ROCKLAWN.........!
All the best (entering news period now......! :()
now is the time...
Grower the reason I know it was a sell was because it was mine ... andIwas surprised when my broker offered me that price .
By the way it was a T20 with a few days to run ...so took some profit ... still have plenty ..
I just put in a dummy sell for 700k and got 1.52 , given the other sell prices showing , I would say both of those were buys
700k was a SELL
You have to wonder what the current free float is and when news hits how much this will rocket!
All good tsbs
"How many companies are interested in the project 3 farmout process? How long should it take?"
https://imc-production-uploaded.s3.eu-west-2.amazonaws.com/audio/57535-how-many.mp3
"Why did you appoint LAB as an advisor and not do it yourself?"
https://imc-production-uploaded.s3.eu-west-2.amazonaws.com/audio/57579-why-did-you.mp3
"Farmout of project III, is the only current interest in country or did I misunderstand what you said earlier? Are any majors sniffing around?"
https://imc-production-uploaded.s3.eu-west-2.amazonaws.com/audio/57595-farmout-of.mp3
All the best (candidates in country, regional players and co.s from further a far.........! :()
now is the time..
Which is a wise move IMO........! :)
07-May-24 13:22:27 1.51 322,797 Sell* 1.50 1.70 4,874 O
07-May-24 13:22:11 1.50 325,215 Sell* 1.50 1.70 4,878 O
All the best (a Bookwatch......! if ya like........! :()
now is the time....
Ok no problem grower sorry