Member Info for Avi8r

Interesting news for Georgia with NATO exercises taking place alongside Ukraine troops, effectively preparing for conflict with Russia, further establishing stronger links with the West and signalling Georgia's western ambitions.

https://youtu.be/icH7A2YdK7A

Shyteminden - go back to matd and flap your gums there. Seems to be yor favourite place to spout off, all you do here is expose your pure ignorance.

Go flap your gums elsewhere..

"Doesn't bold well in terms of confidence.

The business has changed names over and over...

It translates to failed business one after another...

DYOR"

Answer: IBM, Sony, Meta, Nike, Pepsico, Nintendo, Xerox and Alphabet.

Never let the truth get in the way of a pathetic headline.

Mid‑April 2025, Block Energy confirmed critical subsurface uncertainties had been resolved and laboratory rock sample analysis revealed the reservoir’s suitability for mineralization at shallower depths than expected, lowering costs.

Water injection test between well PAT‑49 (planned injector) and PAT‑92 (monitoring well) validated pressure communication and injection feasibility, following which work shifted to redesigning the existing wells, completing corrosion studies (PAT‑49 ready for injection), and planning surface modifications and monitoring systems.

The company commenced the CO₂ pilot injection into well PAT‑49, with PAT‑92 serving as the surveillance and monitoring well, whilst monitoring and verification framework is under development to ensure CO₂ is mineralised into solid calcium‑carbonate, confirming permanent storage, whilst the CO₂ will be sourced from Indorama, a partner under the MoU, which suggests this is not a 1-trick pony as suggested.

In simple terms

Nov 2024: Launch of Phase 2: lab, desktop, and field studies

26 Nov 2024: First official RNS on CCS progress

Apr 2025 (Mid‑Apr, RNS): Subsurface issues resolved; well prep and design planning underway

Mid‑2025 (Forecast): Begin pilot CO₂ injection; monitoring & mineralization verification to follow

The 2024 Full Year Results RNS confirms continued progress on Project III, with published IER updates and 2.77 TCF resource base and at mid‑2025 this project is ongoing technical studies with engineering, appraisal planning, farming‑out progressing with MoU support.

None of the above , all taken from RNS and official Block data would support the notions posted by those with nothing better to do over a weekend than post negative, and misleading commentary. What sad individual posts over a weekend on a share they are not invested?

New member arrives and starts negative comments on the company without conducting research. Sounds familiar.

I was completely unaware we are now called Indorama, they being the major player on the CCS project. Presumably all my shares are worthless too?

Best jump off a bridge.

Based on other examples and evidence from CCS projects I would anticipate mid–Late July (15–26) for pilot CO₂ injection start confirmation (as stated target is mid-2025) then 12–23 August: H1 2025 Operational and Financial Update (previously published in mid-August)

September: CCS performance data or initial injection results - this will be the catalyst for a decent increase in the share price if all the information provided to date is proven and there is little reason to think it will not be.

Q4 (if pilot succeeds) Oct–Nov - strategic partnerships / scale-up plans or Project III farm-out news - another [quantum - dont laugh] rise in the price. PH has not handled this properly and the constant failure to update maintains low confidence in him, combined with a lack of credibility.

Lets hope these targets are not missed or the market will drive the price down further.

Rustavi Azot's core business involves producing chemicals like ammonia, nitric acid, and various fertilisers, employing circa 2,000 people. A major current project is the construction of a new low-density ammonium nitrate (LDAN) plant with extensive capital expenditures being made for energy efficiency improvements across the existing plant, aiming to reduce greenhouse gas emissions, water consumption, and particulate matter.

The main initiative is the Carbon Capture and Storage (CCS) pilot project in partnership with Block aiming to capture CO2 emissions from Rustavi Azot's operations and sequester them in the Patardzeuli-Samgori reservoir, which has an estimated capacity of up to 8.7 gigatonnes, as previously discussed.

Indorama Corporation acquired Rustavi Azot in January 2023, signalling a commitment to inject significant financial resources for modernisation and expansion. European Bank for Reconstruction and Development (EBRD) is providing a senior loan of up to $65 million for the new LDAN plant, energy efficiency upgrades, and working capital and the total project cost associated with this specific loan is $87 million.

The new LDAN plant and energy efficiency improvements are expected to be completed within the next 1-3 years (from mid-2025). The CCS pilot injection with Block Energy was targeted for Q1 2025 as I mentioned in a previous post, suggesting it's either underway or recently commenced.

A successful CCS pilot with Rustavi Azot would likely have a significant positive impact on Blocks share price. That we know!

Key points -

It would validate the technology, de-risk the project, and prove the commercial viability of storing CO2 in the Patardzeuli-Samgori reservoir. This success could unlock value through demonstrating potential for Block to commercialise reservoir capacity, attracting further partnerships with other industrial emitters in Georgia (cement or metallurgy plants), establishing a major net-zero industrial hub.

It would also enhance Block's ESG credentials and diversify revenue streams, making it a key player in the energy transition.

Given the current low market cap and the potential scale of the CCS opportunity being validated, success of the Rustavi Azot pilot would almost certainly lead to a multiple increase in share price, easily into the double-digit range (10p-50p+) in the medium term as the market starts to factor in the commercial potential, and potentially significantly higher in the long-term if the "net-zero industrial hub" vision is realised.

However, reaching the higher, earlier suggested figures (£6.32) would depend on full commercialisation, favourable terms, and potential success of other projects.

We wait on news of the pilot project. It may be overdue but could very much be worth the wait!

Down route, cant sleep so thought I'd ask some of the more popular AI searches about the potential here. The answers serve to support rlightor and bobby's comments but the figures are incredible. These figures are not guesses, but based on information available from multiple sources:

Project III Farm-Out Success Scenarios

The Project III farm-out, targeting 2.77 TCF of 2C contingent gas resources with an NPV of $1.67 billion, offers transformational value depending on retention levels:

Conservative Scenario (10% Retention). Retained Value: $167 million

Target Share Price: 17.2p

Moderate Scenario (25% Retention). Retained Value: $418 million

Target Share Price: 42.9p

Optimistic Scenario (40% Retention). Retained Value: $668 million

Target Share Price: 68.6p

CCS Project Value Addition opportunity adds substantial additional value through 256 million metric tonnes of CO₂ storage capacity. With carbon credit prices ranging from $50-100 per tonne, the CCS project alone could be worth:

Conservative: $12.8 billion total value

Moderate: $19.2 billion total value

Optimistic: $25.6 billion total value

Assuming Block Energy retains 50% economic interest after partnerships, the retained CCS value ranges from $6.4-12.8 billion.

Combined Success Scenarios

When both Project III farm-out and CCS project succeed simultaneously:

Conservative Combined (P3 10% + CCS Low): Combined Value: $6.57 billion

Share Price: 675p

Moderate Combined (P3 25% + CCS Medium): Combined Value: $10.02 billion

Share Price: 1,029p

Optimistic Combined (P3 40% + CCS High): Combined Value: $13.47 billion

Share Price: 1,383p

Risk-Adjusted Optimum Price - Applying realistic success probabilities: Project III Success: 70% (based on current farm-out discussions and industry interest)

CCS Success: 60% (based on successful pilot completion and commercialization)

Risk-Adjusted Target: 622p

Timeline and Catalysts. The optimum share price achievement depends on key milestones:

Q4 2025 - Q1 2026: Project III farm-out completion expected

Mid-2025: CCS pilot injection scheduled

Q4 2025: CCS pilot results and commercial assessment

2026: Full-scale development decisions for both projects

These are NOT my guesses but from AI. Make of them what you will, but £6.00 share price would be very welcome. Just need to get through the current doldrums and see some positive movement towards supporting the above.

· Work is ongoing to finalise the surface facility design at the PAT-49 well site as well as the monitoring and verification plan to commence injection of CO2 into the reservoir in mid-2025.

The middle of the year 2025 is: Wednesday, July 2, 2025 (at 12:00 noon)

This marks the exact midpoint of the calendar year, which has 365 days. The 183rd day ends at noon on July 2nd, and the 184th day begins.

Just for the pedants and of course the company that cannot stick to key milestones. This is why the price languishes below a penny. At least the UK weather is pleasant today in London.

Hurry up and wait...

Farm-in Timeline Components

Negotiation and Agreement Phase (3-12 months)

The initial negotiation phase typically requires substantial time to reach mutually acceptable terms. Based on industry experience, this process can extend significantly, some examples are upwards of two years. Some jurisdictions require parties to complete farm-out agreements within 90 days, though this timeline may not always be realistic based on historical experience, so I think we can rule that out.

Obviously, the negotiation process involves complex commercial discussions covering earning requirements, work commitments, cost recovery mechanisms, and operational control arrangements. Key factors that influence negotiation duration include the complexity of the asset, the number of parties involved, and the regulatory approval requirements.

Government Approval Process (1-6 months)

Government approval affect project timelines. Governmental approval presents operational and structuring challenges, companies typically reluctant to commence work prior to receiving official approval. The approval process includes assessment of technical capability, financial capacity, and compliance with regulatory requirements.

So 18 months is not unrealistic but clearly an agreement reached sooner is better rather than dragging on. As always though haywood is likely part of the problem having little credibility.

I dont think we will see much movement before the AGM on the 25th.

Pilot CO₂ injection planned for mid-2025 (May to August) could open new revenue streams while supporting decarbonisation efforts.

Project III farm-out campaign represents the most immediate opportunity for price increase, attracting strategic partners to unlock $1.67bn NPV.

Block appears relatively well-positioned to capitalise on that [strengthened] portfolio and come July Aug we should be seeing some improvement in the price, but as commented, I dont see much movement this side of the AGM.

Actually, reconsidering those comments and in light of recent announcements, we know work is currently "ongoing to finalise the surface facility design at the PAT-49 well site as well as the monitoring and verification plan to commence injection of CO2 into the reservoir in mid-2025".

This provides a specific, near-term milestone. The successful pilot injection is aimed at proving mineralisation and permanent storage of CO2, demonstrating the feasibility of an industrial-level sequestration project, suggesting, a significant impact on the share price related to CCS project may occur shortly after mid-2025, contingent on the successful commencement of CO2 injection and positive updates on its progress and commercial viability.

Feb 26 is the longest timescale for mineralisation, but we know it will mineralise regardless of timescale, so a successful sequestration is what will create a rise. Predictions are for a 15% rise through June, in anticipation of this, but once confirmed, will go higher.

Will the CCS initiative contribute £0.23–£0.41/share in net present value (NPV) based on: 3 Mtpa at $50/tonne, 15% IRR, NPV of £180 million.

Upside case: 5 Mtpa with EU ETS linkage, 22% IRR, NPV of £310 million.

Is BLOE about to unlock this substantial value?

"if the CCS results are inline with expectations."

We will only know by Feb 26. 250 days for the mineralisation process to work, which will commence any day now. Of course it may work quicker, but that is the estimated lab timescale which generally are reasonably accurate.

Happy to be wrong and see a quantum leap, but thats unlikely.

Thats the whole point of my message. There will NOT be huge gains here, but a slow and steady rise.

If you read the information If mineralization rates align with laboratory results (≥90% within 250 days) then its a good sign. In other words, 8 months, so we cannot expect to see a HUGE reward this side of February 2026.

There are other projects to consider, but these are not transformational and the company is actually running at a loss.

The quiet before the storm?

Short-term trend suggests a 15.8% rise to 1.24p projected over next 3 months, would be good.

However, that does not consider the CCS, where Block has emerged as a significant player in the CCS sector, leveraging geological assets to develop one of Europe’s largest CO₂ storage projects.

XIB field has a reservoir-scale CO₂ storage capacity of 256M metric tonnes, equivalent to offsetting annual emissions from 55 million cars. At the basin scale, estimates reach 8.7GT—enough to neutralise Turkey’s emissions for20 yrs, and the figures position the project among Europe’s largest CCS initiatives, comparable to Norway’s Northern Lights and the UK’s HyNet.

CCS initiative could contribute £0.23–£0.41/share in net present value (NPV) based on: 3 Mtpa at $50/tonne, 15% IRR, NPV of £180 million. Upside case: 5 Mtpa with EU ETS linkage, 22% IRR, NPV of £310 million.

The CCS potential hinges on successful pilot injection and cost containment. If mineralization rates align with laboratory results (≥90% within 250 days), the project could capture 5% of Europe’s CCS market by 2030. However, reliance on Indorama’s funding and carbon price volatility introduce material risks.

All to play for but lets not expect 'rocket to the moon' increases, although a steady rise beyond 1.3 will likely signal that. Its just a matter of time, but when?

"A combined Project III project net present value (10) of US$1.67 billion."

That would equate to a shareprice of £1.53. Possible???? 🤔

She's gone now, so normal sensible service should resume.

Private pool

😂😂😂