Member Info for Avi8r

How dare people be impatient. After all its only dropped 85% in 5yrs

https://www.google.com/finance/quote/BLOE:LON?window=5Y

Bitsas004, it is a quantum leap. Only in the wrong direction. Currently at 0.67p, being punished for the pitiful manner the way things are mismanaged, and yes, PH needs to go.

To put it into context, down 48% over the last 6 months and still 3 months before any tangible news regarding CCS. Despite the promising potential there, any resultant rise will be lost consequent to this drop.

"Is there anywhere in the world that CCS has been ACTUALLY proven and ACTUALLY currently working?"

What city do you live in? Moria/Khazad-dûm?

Ever heard of Google?

Freedom in Georgia Under Threat Following Stolen Election by Kremlin Proxy Party

https://youtu.be/6AgVVD-agW0

Brutal Repression and Lawlessness Unleashed on Peaceful Georgian Protesters.

https://youtu.be/9JvrOGFbglw

i thought this was the bloe forum?

the welsh ****** will be along to admonish you shortly...

"Hey Bedex, you back from the bingo at the old folks home?"

Says the patronizing plank who recommends albany fish bar

https://www.tripadvisor.co.uk/Restaurant_Review-g186460-d7283154-Reviews-Albany_fish_bar-Cardiff_South_Wales_Wales.html

I agree with you SO, this is just the start, and I have been advocating for a long time that this will not explode into the 70p range. The company needs to prove the basin and the geology first, hence the 4 month next phase. I also repeat that they do not know how well this will work or the suitability of the geology until they actually drill, but the indications and potential are looking good.

Following this next phase the program will be ramped up to commercialise and then we should see a proportionate share price increase.

The company has already claimed high valuation figures, they now need to deliver. Agree though, 6 to 8 months before we see tangible value so it will drift until then, unless news is delivered on other fronts.

Some were arguing waiting 6 months demonstrate immaturity and a lack of understanding of what's involved, but now proven wrong.

A pity they dont give a timeline, but given their history, probably wise! However, a little research suggests a typical timescale of 3 to 4 months, so Feb/March 25 and it will be clearer what the potential is. As previously commented, until they drill into the ground and start the process its anyone's guess, but there is definitely potential there.

Price currently up 7% which is way below what it should be.

Another week passes without news.

This company needs to start getting pro-active, starting with removing PH who has no credibility or ability and is the reason we are where we are, valued at just over £5M.

Absolutely pathetic.

Nothing about carbon capture and storage. It refers to reduction only. Whilst storage could be part of that reduction it is not made clear or evidenced:

"– CO2 emissions and energy efficiency: Despite the fact that reducing CO2 emissions is a positive aspect, the document only mentions the general benefits and that it will be possible to reduce CO2 emissions by approximately 2,703 tons per year. More detailed explanation is desirable, what are the percentage reduction indicators of energy-efficient technologies and their impact on the company’s total emissions."

No change.

the company has 4 weeks to achieve that. given the **** poor performance and lack of any updates i won't hold my breath.

quantum leap. what clown made that comment?

No news is not necessarily bad, but the inactivity of the company to manage is causing the damage. Supposedly big news on CCS due any day according to their suggested 6 month timeline but nothing.

Is the nothing based on competitive bids for the world saving CCS or simply disinterest from those seeing the data?

Remember, until the ground is drilled and the process employed no one knows what will happen. Oelkers said this, but that he is positive is a good sign.

Do not expect this to rocket to 70p as some suggest.

"250 million tonnes x $40 a tonne PROFIT= $10 billion net profit.

I think you are a bit greedy there Avi8tr!"

I understand the net profit is closer to $20/tonne, but still a fair profit, assuming they get parties interested. I'm not being greedy, my investment is only 4M shares.

😂😂

"50 million tons of co2 storage??? Typo - 250 million; the EU is targeting 50m tonnes by 2030

250 million tons of CO2 storage is not that much either if you consider anthropogenic emissions are 160 times that annually.

"Either: ‘we’ve studied, it’s not commercial, project ends’. Or ‘we’ve studied, we think it is commercial and are now working with indorama on next steps’."

Wise words.

As previously commented Georgia does not necessarily have the largest mineral storage capacity, Deccan traps in India are much larger. however, Georgia is well positioned for carbon storage; the subsurface has a large volcanclastic formation full of zeolite minerals.

50 million tons of co2 storage is not all than much. i mentioned previously that anthropogenic emissions are 160 times that annually, so block would need 160 sites that size just to store one years worth of co2.

8.6 gt estimate depends very much on the presence of zeolites in the rock. the potential permeability and porosity needs to be confirmed, but i doubt they don't know how comparable the mineralogy is as that is defined over time while the system develops. Block may find a partner willing to engage and start the process but until they actually drill they will not know what is definitely in the subsurface.

Consequently, caution is advised in expecting a quantum leap in the price, but a leap of any form would be welcomed right now

Well this fantastic news needs to arrive soon, the steady decline in price is doing nothing to inspire confidence

Didn't Block publish an independent energy report, which valued a net present value of more than $500 million, or £400 million, to project-3 earlier this year? That alone values the company at nearly 70p.

Lets hope LAB deliver, but until that happens we sit and wait on boy wonder.

I do think one redeeming factor about the CCS is Prof Oelkers commentary.

Georgia is a good location for carbon storage but 250 million tons of CO2 storage is not all than much. Emissions are 160 times that annually, we'd need 160 of the sites that large to store just one years worth of CO2. But its a step in the right direction and there is an opportunity to lead from the front here.

8.6GT estimate depends more on the presence of zeolites in the rock but never know exactly what is in the subsurface until they drill into it.

Its got potential but needs a more dynamic leader and someone who truly believes in the company to deliver. A part-time wannabe is not whats required and the reason the price is where it is.

Boy wonders timeline expires next week.

Will it be a rabbit out of the hat or radio silence?