Member Info for Avi8r

"How deluded you are to think people need to deramp.." ? (Corrected for you)

How sad are you that you feel the need to post incessantly and at 03:13 with unsubstantiated conjecture?

Get a life...

Lets see how much influence he has, whatever your thoughts on blair, he has published a paper today (29 April 25) calling for more carbon capture projects:

"We should put carbon capture – directly removing carbon as well as capturing it at source – at the centre of the battle. At present, carbon capture is not commercially viable despite being technologically feasible – but policy, finance and innovation would change this. The disdain for this technology in favour of the purist solution of stopping fossil-fuel production is totally misguided."

A long rambling read, but worth a look; https://institute.global/insights/climate-and-energy/the-climate-paradox-why-we-need-to-reset-action-on-climate-change

If he has influence then expect the price to move up as the story is promoted.

The test demonstrated that water injection rates of 5,000+ barrels per day are achievable. Converting that into tonnes gives 37,450 which is very good news and bodes well.

I include an example of a private company achieving similar results in the UK, but if Block were to achieve similar then the shareprice will see a big reset.

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9 April 2025

Successful conclusion of the UK’s first CO2 injection test for CCS. A total of 5,000 tonnes of CO2 was compressed and injected into the reservoir through dedicated wells. Perenco Uk Limited's latest turnover from December 2023 is £894..8M

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Lots to play for and to quote others, coming together well (no pun intended!)

https://youtu.be/Z4kGUsz61qs

"Today is the day we have hit 1,000 followers on Linkedin. I have been watching it steadily grow from about 600 ... And I'm sure it's just going to keep growing. All we need now is the share price to grow 🙏"

Be better if they could add some content and posts on LinkedIn too. Nothing for 6 months, no wonder take up is slow.

Well, lets see if it breaches 1p and then interest may follow. Too many false dawns here.

Thanks Hepseal,

Where is this defined? I've got some spare time, so will read up.

"Surely results of pilot study on potentially largest carbon capture in Europe has to be out any day soon?"

They should have been released end of Q1 as per the RNS dated 28 Nov 24. But then you can never really trust ph to deliver anything on time or fulfil a promise. Furthermore, the RNS is badly worded, and whether by design or not is further evidence of a lack of attention to detail, ot worse, intentionally misleading.

The statement reads:

"Phase 2 will include desktop and laboratory studies followed by a pilot injection scheme designed to achieve a monitoring and verification plan for carbon storage, allowing commercialisation of the project."

But then goes on to state:

"Following the results of the stage 2 studies, which will include a workover and the recompletion of a Patardzueli well, Block and Rustavi Azot will work together to target the pilot injection of CO2 into the reservoir in Q1 2025."

So which is it? Stage or Phase?

What are the stage 2 studies that are the precursor to targeting the pilot injection of CO2 into the reservoir?

What is the phase 2 desktop and laboratory studies followed by a pilot injection scheme designed to achieve a monitoring and verification plan for carbon storage, allowing commercialisation of the project.

As always with this company its all smoke and mirrors. The market understands that, hence the languishing share-price sub 1p.

Even the cheerleaders have given up.

Its become the norm for PH to make grandiose statements and then fail to deliver. Sadly this will drift along until the next occurrence.

He has too many fingers in too many companies and should take a leaf out of proper CEO's by focussing on just 1. That way he may just earn a little credibility.

Seems PH lives in an alternative universe to the reality the company exists.

I am at a loss to understand why there is no news regarding the CCS, which was announced with such fanfare over 15 months ago. The parallels to 44.01 (who took 100 days to complete that process – w w w.4401.earth/) are becoming more tenuous, we are now at the end of Q1 bar 1 day, and no news about the CCS, despite on 26 Nov 24 heywood claiming the company will target the pilot injection of CO2 into the reservoir in Q1 2025.

If it took 44.01 100 days to prove up their CCS why has it taken Block over 430 days and counting?

Furthermore, the lauded MoU is non-exclusive, and has a duration of 1 year from 7 May 2024, extendable by mutual agreement. Well, that’s now rapidly approaching too, so what next?

Hollow promises, under delivery and lack of clear communication.

yiannakism45 stated “The only way for things to change is to get rid of the greedy chief and his cronies.” I cannot agree more, Heywood is responsible for this debacle. He has no credibility and dilutes whatever he has with every statement.

Incompetent. He needs to go.

Quantum leap indeed.

In November 24, the company announced "the start of phase 2 studies for the Company's Carbon Capture and Storage ("CCS") opportunity in licence XIB." stating "Following the results of the stage 2 studies, which will include a workover and the recompletion of a Patardzueli well, Block and Rustavi Azot will work together to target the pilot injection of CO2 into the reservoir in Q1 2025."

With 2 days to the end of Q1 2025 the company has once again left it to the last minute to offer any updates, apart from consolidation of the field into XIB earlier in March. And now this nonsense. Why, if the CCS and Project 3 programs are so transformational has there been a need to acquire 10% of negligible resources, investing funds that would be better spent supporting what really matters.

Is it any wonder the share price stagnates and oscillates at such low prices when the company seemingly cannot do what it claims?

Yet people here are expecting it to jump on todays news. It is not going to move as once again the company has proved how feckless the front man is. Market clearly agrees and we will go into Q2 under 1p.

"Now is the time Chesh, but will Proj III .........go west or east?"

Or south...

Looks like todays news confirms there are some knickers. Company now needs to prove they're quality and worth removing.

Potentially. She includes CCS in her interests, not expertise. CV is not overly impressive though, and there will not be anything new from her as no RNS issued.

Yet!!!

11,055,726 traded, equates to 1.4% and a 21% rise bodes well going into March. Still needs to maintain over 1p and we've witnessed too many false dawns. If we can surpass 1p and beyond next week then the recent 5p broker target looks possible. As for £1.35, well, lets see it reach 5p first!!

Be interesting to see the effect of the Trump/Zelenskyy fallout too. I suspect that will have a positive effect as Europe becomes more galvanised and shuns USA.

Hi Shed, I would like to agree but whats more important is the geology which makes it possible. Seemingly, Georgia is a good location for carbon storage; the subsurface has a large volcanclastic formation full of zeolite minerals, which have evidenced the transformation into carbonate minerals within a few months in the presence of dissolved CO2. 'Few months' is similar to 44.01 timescale too, so I suspect news is inbound, particularly given current trend.

Worthy of note too is that 44.01 was a winner of the Earthshort award too, so if Block can deliver similar results will have a positive impact.

Company announced 26th Nov the start of phase 2 studies CCS in licence XIB, drawing comparisons to that successfully deployed by CarbFix in Iceland as well as the ongoing pilot by 44.01 in the United Arab Emirates with Phase 2 of desktop & lab studies followed by a pilot injection scheme.

Following the results of the stage 2 studies, Block and Rustavi Azot will work together to target the pilot injection of CO2 into the reservoir in Q1 2025.

Of note is that 44.01 took 100 days to complete that process and we are approaching a similar timescale. Given Prof Oelkers encouraging analysis, positive development news imminent?

Dummy sells (4M) at 0.885 but good to see some movement here again and hopefully this will sustain for once.

According to the academics Georgia is a good location for carbon storage; the subsurface has a large volcanclastic formation full of zeolite minerals, which has seen transform into carbonate minerals within a few months at 60 C in the presence of dissolved CO2.

So your figures are similar, and supported by research too. The criteria dependant on the type of volcanclastic formation. Either way, the CCS is a great potential.

from the nov24 statement, phase 2 will include desktop and laboratory studies followed by a pilot injection scheme designed to achieve a monitoring and verification plan for carbon storage, allowing commercialisation of the project. following the results of the stage 2 studies, block and rustavi azot will work together to target the pilot injection of co2 into the reservoir in q1 2025.

the parallels are drawn to 44.01 in the united arab emirates where the pilot project, which completed in nov 24, managed to permanently mineralise 10 tonnes of carbon dioxide (co2) into peridotite rock formations in under 100 days. 

in its first scale-up phase, the technology will be used to inject more than 300 tonnes of co2 over a longer period. block looks to inject 250,000,000 tonnes (over 800,000 times more).

as i have commented previously the 8.6 gt estimate depends more on the presence of zeolites in the rock.  the potential storage appeats to have good permeability and porosity throughout, but needs to be confirmed as block do not know how ****geneous the mineralogy is and would be defined as the system is developed.

the difference with block is that the subsurface has a large volcanclastic formation full of zeolite minerals, which we have evidenced transformation into carbonate minerals within a few months in the presence of dissolved co2, but over a much slower period than 44.01.

currently [according to the release] block are targeting the co2 pilot injection phase. whether they announce results before end q1 or into q2 remains to be seen, but the cynical share awards being 4 months earlier than last year suggests news could be released before end q1.

the timeline started circa 26 november, so 125 days from start to end q1. whether they will achieve that is yet to be seen, but just over half way through now with 7 weeks to go. if the preliminary results are positive then expect a rise, hence the early share awards. 

finally, 44.01 have secured $42m funding on 300 tonnes, block with substantially more storage could secure more and i hope they do. it all depends on credibility which sadly is missing in action.

As usual, company rewarding failure.

So proactive, the share price is currently at 0.63p.

Whilst I cannot disagree over the feckless unwashed, I have to disagree over PH, a man with no credibility and totally out of his depth, using this company as a vanity project. The saving grace being there are actually some extremely positive potentials from the CCS, which we should know more come March and Project 3.

PH is the wrong person to lead the company and any quantum leap from this point will have a lesser effect. If it see's 10p in 2025 that will not be down to PH. I do hope that figure is reached, but for now there are too many problems and instabilities to ensure that.

It needs more hands-on and robust management.