Member Info for Avi8r

Well you truly have proved yourself the 🤡🤡🤡🤡 today with your pathetic attempts on the Block forum post with "Let's all take the time to remember Block Energy has went through a couple of company name changes"

Well how about IBM, Sony, Meta, Nike, Pepsico, Nintendo, Xerox and Alphabet. I am not comparing Block to these, merely pointing out what a complete 🤡 you are.

Pure dog toffee

Ridiculous?

Climate mitigation: CCS captures up to 90–95% of CO₂ emissions from power plants, cement, steel, and chemical industries sectors difficult to decarbonise. Net-zero alignment: CCS helps meet climate targets by tackling “hard-to-abate” emissions. Rustavi Azot produce large volumes of CO₂ during the manufacture of ammonia, urea, and nitric acid. Indorama emissions are concentrated and pure CO₂ streams, which makes them among the cheapest and most efficient to capture compared with other industries.

If we consider Sleipner, Norway worth $800 million storing 24 million tonnes of CO₂ at a carbon tax rate of $69 per tonne, then our CCS which indicates potential capacity: 256 Mt at reservoir scale and up to ~8.7 Gt at basin scale. I will let someone else do the maths (bobby or rlightor 😉 ). Geological confidence is good too suggesting CO₂ is securely trapped with only a negligible fraction (e.g., ~0.2%) seeping out over a millennium with minimal environmental risk, by which time the world will face other issues.

An Independent Engineering Report published in 2024 raised Project III’s 2C resource estimate to ≈2.77 TCF, with an NPV of US $1.65 billion. Industry farm-out interest increased significantly

Block's milestones:

(1) Pilot injection start and mineralisation verification

(2) quantified injectivity & containment results

(3) MOUs/off-takes with emitters and carbon-credit pathways.

Biggest jump trigger: Project III farm-out/strategic partner deal.

Secondary triggers: Successful Project IV drilling results, CCS pilot contracts, or a takeover approach.

Look out for:

News on Project III farm-out negotiations.

First CCS injection tests / funding confirmation.

Drilling campaign updates on the XIQ licence (Martkopi Terrace prospect).

These will convert paper capacity into bankable storage.

A government-backed CCS contract if Georgia or the EU funds CCS pilots on Block acreage could also cause a big re-rate (especially as CCS is a hot capital market theme).

Not so ridiculous now 😉

AFU drone ops say they have disabled the Druzbha oil pipeline by destroying one of the pumping stations. There is now no way to transfer Russian oil to Europe by pipeline.

https://x.com/front_ukrainian/status/1957531769122746837

Near-term potential, current to end 2025 the catalyst density is unusually high.

Slim-hole sidetrack drilling: Results could lift production at lower cost, proving a repeatable growth method.

CCS injection start. First-mover: ESG in Georgia; carbon credit potential.

Farm-out deal removes large projects funding risk.

Why does all this matter?

Timing and news flow drive big price moves. Here, all clustered within weeks of each other.

Strategic Picture

Moving on 3 monetisation fronts simultaneously:

Oil production: current ~480 boepd keeps operations cash-flow positive.

Carbon storage: potential future ESG-linked income stream.

Farm-outs: risk-sharing for large resource plays without over-leveraging.

If all 3 hit milestones in the next 3–6 months, the narrative could shift from “microcap AIM oil junior” to “low-cost operator with a CCS growth kicker”

As a CEO he really lacks credibility and confidence. Not at all inspiring. Removing all the 'um's and 'ah's reduces the interview to 5 minutes.

Its like his parents have given him a project for something to do, as he's no good at anything else.

Company is negotiating with multiple parties, advancing to commercial stage with select partners for both Project 3&4

Over the next few months, Block Energy expects several potential high-impact events:

Project 1: Commencement of slim hole drilling.

Project 3: Finalisation of a binding head of terms with a farm-in partner, defining commercial terms and schedules.

Project 4:: Progress towards agreeing commercial terms and completion schedules with a third-party partner.

CCS Pilot: Execution and results of the CCS injection test.

With success, Block Energy anticipates closing the year in a significantly stronger position, reflecting substantial operational and commercial progress across its asset base.

Project 1: Upcoming slim hole drilling, a core part of the company’s strategy. This links closely to development opportunities in Project 2.

Project 3: Block’s multi-trillion cubic feet (TCF) natural gas appraisal and development project, currently the subject of ongoing farm-out negotiations.

Project 4: A high-impact exploration project also being marketed for farm-out, as communicated in the most recent RNS.

CCS: Pioneering initiative aimed at establishing a first-of-its-kind CCS project in the region, moving quickly toward proof of concept. Pilot is the first of its kind in the area; no comparable projects currently exist in the immediate region. Existing analogues in Europe and early-stage work in the Middle East informed Block’s approach, but Block is ahead of the curve thanks to operational control in a brownfield environment and in-house capabilities.

Technical Progress - OPC have independently confirmed potential storage capacity exceeding 140 million tons.

The project is moving into 1st planning phase of collaboration with Indorama, within the company’s 11B license area & immediate next step involves injecting liquefied carbon from Indorama into key reservoirs, monitoring the mineralization process to validate the CCS concept.

Technical success would demonstrate the geological suitability for carbon storage and fast-track further development. Commercially, CCS is positioned to future-proof Block’s business by offering industrial clients (like Indorama) a paid solution to manage their carbon emissions, especially with EU carbon border regulations (CBAM) coming into force in 2026-2027. The initiative could generate new revenue streams, decarbonize Block’s and its partners’ operations, and position the company within the growing carbon management sector.

Slim Hole Drilling Pilot - Block is set to pioneer slim hole drilling in Georgia, aiming for sharply reduced drilling costs and faster operations, using own rig and personnel, internalising capability, gaining greater operational control. Success of this has strategic implications: help to derisk contingent resources (such as the 20 million-barrel contingent resource in Project One), facilitating conversion to reserves and ultimately to production—central to Block’s business model.

Farm-Out Activities and Strategic Partnerships - Ongoing farm-out discussions focus on projects that require more capital than Block currently holds, critical for executing transformational appraisal and development work, designed to bring in partners at the asset level, thus preserving Block’s capital structure and limiting shareholder dilution.

It claims to have bought 40 millions of these:

"Any positive news are welcomed as I hold 40 millions shares here. Northern Zone and the recent Thar Block potential buyers are interesting. Imho and DYOR" dated 11 Aug 25 @ 10:51 and admitted on 3 Dec 2024 12:40 buying at over 0.06.

That suggests £24k invested is now down £18.6k to £5,400.

Whilst she flaps her lips, analysis of the recent update shows:

Strategic momentum is increasing across multiple projects and projects are advancing, albeit at snail pace, on several fronts concurrently. That the loan facility has been extended 'only' to February, could be an indication of concurrent anticipated [substantial] changes. After all, why would PH relinquish the loan income without an attractive alternative?

The CCS positions Block well for CO₂ mineralisation initiatives, potentially opening new revenue streams via carbon credit markets. Research and analysis underpins this along with figures to support a potential re-rate. CCS alone is transformational:

Up to 256 Mt (reservoir) or 8.7 Gt (basin) storage capacity into zeolite-rich volcaniclastics, ideal for rapid carbonation providing 95% mineralisation in ~250 days, offering much faster and more permanent CO₂ storage than other conventional approaches. Consequently, and assuming PH doesn't screw it up, we could well be positioned to deliver a very capable CCS operation, with major implications and industrial transformation.

A side note is the slim-hole drilling pilot, being a smart move: if successful, could create improved cost efficiencies.

Lets all remember, plonkmaiden bought 40 millions [sic] of ORCP at 0.56 (currently trading at 0.016) and she thinks she has the right to lecture people here on half truths and lies?

🤡🤡🤡

https://www.lse.co.uk/ShareChat.html?ShareTicker=BLOE&share=Block-Energy-P

Lets all remember, plonkmaiden bought 40 millions [sic] of ORCP at 0.56 (currently trading at 0.016) and she thinks she has the right to lecture people here on half truths and lies?

🤡🤡🤡

PH is naïve at best. Hot air? Yes, and he needs to moderate that too.

As mentioned earlier, the quantum leap he promised has been coming for months, if not years, so he needs to manage expectations. A different management approach would likely have the share price higher, but its evident the market does not rate or trust him.

That said, todays news is promising and we can expect to see some movement in the next quarter. The CCS is 'transformational' but not in short term. Be happy to see 2p but I know may here want more.

Back to the pool now, work later...

"Let's all take the time to remember Block Energy has went through a couple of company name changes".

Still posting the same nonsense and believing the same shyte. 18 posts all on a Sunday too. Sad man with room temp IQ.

🤡🤡🤡🤡

"what is and has been going on for the past 5 years?"

2020–21: Drilling and production in oil fields (Project I); focus shifts toward resource/farm-out strategy

2022–23: Project IV seismic and farm-out planning; strategy pivots toward Project II & III

2023: Project III declared strategic by Georgia; farm-out process initiated; CCS studies commenced

2024: Positive EBITDA; Project III 2.77 TCF resource confirmed; CCS and Project II planning advanced

2025: Acquired XIQ PSC licence stake (Project IV); SSD consolidation adds gas resource to Project III

2025 and beyond: Project III remains the highest-priority asset.

Pursuing farm-in partners to drive appraisal, pilot operations, and eventual commercialisation.

Project IV (XIQ licence) drilling and seismic work being fast‑tracked, with farm-out discussions underway.

Project II anticipated to attract investment interest through partnerships focused on oil redevelopment.

CCS initiative continues to make progress, potential to be a major regional carbon storage player.

I dont know which of the following is the biggest 🤡.

But as its now school summer break in the UK expect more banal nonsense from them. Rated accordingly.

tony_month: 🤡🤡🤡🤡

StockMaiden: 🤡🤡🤡

Prax14 :🤡🤡

Morning Hep,

95% sequestration after 250 days refers to the entrapment of the deposited carbon or measured retention of injected CO₂ within the target geological reservoir over a monitoring period of 250 days. As mentioned previously this depends on the quality of zeolites in the formation and early results have indicated a world class example, so the 95% relates to a higher achievement than average elsewhere. In other words, of the injected CO₂, 95% will have reacted with the permeable rock and remain securely stored in the subsurface after the given monitoring period. The remaining 5% may be attributed to early migration, dissolution into fluids, or measurement uncertainty.

This kind of figure is critical for commercial purposes because it demonstrates containment security – proving that CO₂ remains stored, essential for carbon credit verification and confirms long-term storage modelling. If 95% remains after ~8 months, it supports projections of near-permanent storage.

Most importantly, as shareholders, It increases value. A higher verified sequestration percentage boosts the credibility of the CCS project and will enhance the appeal for future farm-outs. As rlighter states, this is going to be too big for Block to manage alone, so we can expect news on a partner or farm-out in due course.

The release of the tracer dye analysis suggests a teaser for the ops update, which should reveal more details. Pilot CO₂ Injection Start: Q4 2025 (Oct–Dec), may actually start sooner, depending where the tracer dye analysis process is too, again, expect some form of an update in the next 8 weeks.

Hope that helps.

Tracer dye analysis confirms connectivity between injection and monitoring well and provides data on reservoir flow paths and plume behaviour.

This shows Technical Readiness as the successful tracer tests will de-risk the CCS pilot, providing confidence in the reservoir’s suitability for CO₂ storage.

A suggested Timeline

• Tracer Analysis Completion: Aug–Sept 2025

• Injection Plan Finalisation: Sept–Oct 2025

• Pilot CO₂ Injection Start: Q4 2025 (Oct–Dec)

This demonstrates tangible progress, potentially improving sentiment and trading volumes, while concurrently increasing visibility of Block as an early CCS implementer in Georgia.

High potential now that Block is transitioning from concept to execution on its CCS pilot, with tracer dye analysis representing the final pre-injection milestone. Success at this stage positions the company for first CO₂ injection by year-end 2025 enhancing its appeal as a dual-play energy and carbon management operator.

"Is that the operational update or some kind of joke. No sign of any Pilot starting anytime soon."

There's only 1 joke on here - go get a mirror

"So now we have a fool on here thinking that Georgia should join Ukraine and fight a war with Russia, That's a great idea and what do you think will happen to Georgia and the BLOE share price if they do that."

Actually, we have a fool revealing her ignorance and agenda. Had she even bothered to review the article, which is in picture format (🤦‍♂️), then she would never have made the comment. Stupid is as stupid does.

Ignorant is being generous to the poor overworked braincell - 🫏