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Let that sink in …. We are currently so undervalued, it’s borderline laughable… and in other news … we are developing the largest CCS in Europe, $60 a tonne … worth $522bn fully developed….. that’s like finance version of viagra
Not so sure about "finance version of viagra" grower69.......!
an erection of moumental proportions...........to capture CO2 is coming.........! :()
All the best (gives me a stiffy.........! :()
now is the time...
I see what you did there chesh lol
Yeh... typo...........! :(
MOnUmental proportions........! :()
All the best (soz bout dat........! :)
now is the time...
Given what we have now …, don’t think I would vote for selling up unless an offer started off with a quid ….CCS really has potential to take this way higher … especially factoring in the other 3 projects , although they are tiny now in comparison.
Now is absolutely the time , anyone missing these lows will kick themselves forever
The list of the top participants of the Climate & Sustainability Action Plan are local.........!
we also have parties interested from a far.........! :()
All the best (juicy interesting eh........! :()
now is the time...
How is that dog 88e still valued 400% more than what we are?? It is absolutely unbelievable. This CCS business must be a minimum 10 bagger for the SP from these measley levels for starters!! Possibly a lot more once word gets around and it's proved up with our partner Indorama! Yes that massive chemical company.. oh I nearly forgot our 2.7 TCF of gas.
Try 100 bagger …. At least , fully developed it’s worth £522bn , just shows how bent AIM is
That is the point Grower, the capacity is so large that it will probably never be "fully developed" because there simply won't be enough customers to go round.
As Bobbby says Block have done fantastically well to get into bed with Rustavi Azot / Indorama and there many other potential customers / industries in the Rustavi area that Block should be able to sign up as well.
But there could also be competition from other Oil and Gas companies offering carbon capture facilities in the vicinity.
This from the OPC website:
" OPC have worked with Georgia Oil and Gas Limited (GOGL), the Georgian government and industrial partners to identify opportunities to decarbonise local CO2 emitters and future hydrocarbon projects.
Initial screening proposed linking CO2 emitters in the Gardabani-Rustavi industrial hub with legacy oil and gas reservoirs in the local area to permanently store CO2 or to utilise it for enhanced oil recovery (EOR). OPC identified several depleted reservoirs as the first candidates for screening. The objectives of the multi-disciplinary regional screening were as follows:
Review of the geology and geophysics of the depleted reservoirs
Calculation of the theoretical CO2 storage capacity
Perform a conceptual EOR assessment to understand recoverable volumes
Model CO2 injectivity performance of reference wells using Prosper to develop an optimum injection strategy
Evaluate commercialisation and economic viability of the CCS cluster"
So for that reason I think Bobbbies 10 bagger (for CCS) is a bit closer to the mark than your 100 bagger - just trying to be realistic.
10 bagger doesn’t even cover the costs to recoup for p3 ….. so I think closer to 3 figures than 2
Grower - you did not read the thread properly, I thought we were discussing the CCS element of the business.
One of the largest investors and new to Georgia in 2023
A relatively new member of the rating is "Excelus Holdings LLC", subsidiary of the Singapore company Indorama Holding.
Indorama own JSC Rustavi Azot plant. Something to capture and research who these guys are...... don't stay up all night.
Hep , I did read it properly , I was just saying 10-15p wouldn’t cover the p3 costings , that would have to be taken into account with any offer , you can’t buy one bit without the rest , you can be a farm in partner though , which IMO is better for us , so back to my original response , anyone offering a buy out , is going to have to be around the £1 mark or higher
"Rustavi Azot is one of the largest gas consumers in Georgia and exports its products internationally, including to EU member states".
If Indorama (or their subsidiary) bought us out completely and had access to our 2.7 TCF of gas, could they not supply themselves with the gas and sell any excess? Then they wouldn't have to pay market rates for the gas so saving an awful lot of money. It just makes sense. Thoughts anyone?
Gas exploration is not their business and even if it was, would they have enough in their coffers to buy block?
Https://agenda.ge/en/news/2024/39154
Another step forward for the country!