Member Info for Avi8r

Annual General Meeting will be held at 33 Cavendish Square, London, W3G 0PW on Thursday 20th June 2024 at 11 am.

Why not go along and raise your concerns there, then report back here. The PR is shocking to the point of non-existent, the loan is due for repayment in August too, what future plans there? Hows the $500m NPV Project III gas monetisation, announced early March coming along?

All very well making daft 'quantum leap' announcements but the company needs to support these with actions and irrespective of what PH cheerleaders say about him, he is not experienced and comes across nieve and ill prepared compared to other CEO's.

Stratton-Oakmont; an interesting moniker. Cynical?

Conversely it may just be that they are aware and not interested in getting involved for various reasons. People buy people and all that...

Clearly Mamulaishvili has caused no end of damage and SN's inability to calculate the value of that is obvious, but he underscores that its substantial. That substantial losses resultant from those actions and that the company indentified, arrested and prevented these is telling, suggesting they are still available and exploitable for the benefit of FRR.

Surely we are now on the final straight and when the insolvency process is finalised we can see what plan[s] SN intends, although the complexity of Mamulaishvili interference has clearly occupied much focus. I would hope the objective is to carry on as previously with a reintroduction to LSE, however, whether the company is worth what it was at the time of delist is not known.

Whether it will be that simple (which it should be) is a different matter. But were I SN, that would be the plan, obviously with more stringent processes in place regarding exec positions. Yup, hindsight is a perfect science!!!

Scottish contingent irrelevant, Georgian parliament overrides presidential veto of ‘foreign agent bill’ as expected. Coming election will be interesting, the lack of news and progress is not helping.

Watch it drop further tomorrow now.

President Salome Zourabichvili vetoes the law on "foreign agents" May 18, 2024

"This law in its essence, in its spirit is a Russian law that contradicts our Constitution and all European standards and thus represents an obstacle on our European path," Zourabichvili said at a briefing.

MPs can override the presidential veto with a majority vote. The ruling "Georgian Dream" party has enough votes to do.

Lets see what happens next.

so.https://twitter.com/nexta_tv/status/1791835100516167777?ref_url=

President Salome Zourabichvili vetoes the law on "foreign agents" May 18, 2024

"This law in its essence, in its spirit is a Russian law that contradicts our Constitution and all European standards and thus represents an obstacle on our European path," Zourabichvili said at a briefing.

MPs can override the presidential veto with a majority vote. The ruling "Georgian Dream" party has enough votes to do.

Lets see what happens next.

so.https://twitter.com/nexta_tv/status/1791835100516167777?ref_url=

"That should get us noticed".

https://www.carboncapture-expo.com/industry-news/one-largest-co2-stores-europe-developed-block-energy

Carbon Capture Technology Expo in October, coinciding with Georgian elections, anticipated further updates beforehand. All good.

The current price drop resultant political situation in Georgia, nothing more, markets taking advantage, as is their MO.

Https://www.rferl.org/a/georgia-foreign-agent-protest-final-vote-tbilisi/32943846.html

The draft now goes to President Zourabichvili, who has said she will veto it. Her decision can be overridden by another vote in parliament, controlled by the ruling party and its allies, so its not over at all.

GD wants to join EU and NATO but the EU reiterates the bill will be a barrier to further integration. The US, Britain, Germany, France and others have urged Georgia to withdraw the bill and of course Russia is denying all knowledge.

adding some reality to the figures, despite there being other and larger storage opportunities (deccan traps india), this is a good carbon storage option. there is a large formation full of zeolite minerals which will transform into carbonate minerals within months via co2.

as i commented previously, 1yrs worth co2 is 160x 250m tonnes (anthropogenic emissions). 8.7gt accounts for just 20% of these anthropogenic emissions, but still a sizeable amount; more than adequate for the region. assuming that is the final confirmed figure.

8.7gt estimate is dependent on the presence of zeolites in the rock. potential storage appears to have good permeability and porosity, but needs confirming. how ****geneous the mineralogy is, is an unknown but determined as system is developed over time. this will require further drilling to confirm.

at least this is a start and will lead to confirmation of estimated (8.7gt) figures, but really does begin to underpin a far greater share price, without including the other opportunities.

£1.00 per share seems far too cheap.

Thank you Chesh.

I missed the part about Rustavi Azot ,subsidiary of Indorama Corporation, Singapore, as it came up in a different feed. At $60/ton and estimated at 256 mmt thats a lot of noughts ($15,360,000,000).

Why repeat whats already known? Interesting development and indicative of further news?

This has not been released for fun....

"Well played sir ;)". 🤣🤣🤣

At least you haven't lost your sense of humour!

I've been advocating mid May. 13th onwards for major news, but we know its coming regardless.

Apologies for the typo's - it seems the software converts my uppercase to lower. Strange! But good to see this moving upwards.

well said kilgeever ‘wise not to run too soon.’, but good to see the price steadily increasing towards 2p. iirc, tennyson proposed a fair valuation at 4p, with a total nav of 18.4p/share not including contingent resources, or exploration in oct 23. would be good to see recovery and stabilisation to 4p or even 18p.

in response to my questions grower69, thank you for the links, but the top 10 companies listed mainly refer to airborne carbon capture which, i understand, is not what is proposed as block mention water injection. typically water 20 tonnes of water is required to dissolve 1 tonne of co2, which will require some form of energy & associated cost to operate.

block have confirmed 256mt (patardzeuli reservoir) ccs which is good, the company mention world class, which it is, but to put into context, at 256mt that is just over 6% of the worlds (anthropogenic) current annual co2 emissions. there are larger opportunities elsewhere.

the 8.7gt (block xib/f estimate) storage is based on the basin-sink. to understand that requires understanding “basin-sink”, ie, how permeable, stable and similar (****geneous) the mineralogy is. block does not know this, hence the estimated figure and can only be confirmed by drilling (over 1km) and developing the reservoir. how many drills will be required? who will drill? what cost? importantly, what value does this estimate provide? after all, it’s an educated estimate but even at 10% equates to 870mt.

an example, talos energy sold its ccs subsidiary to totalenergies in a deal valued at $148m, included in the transaction one of the largest ccs portfolios in the usa, with an estimated total potential storage capacity of 1.7gt. block has 5 times greater estimated assuming the basin-sink can accommodate 8.7gt.

a good/great opportunity, obviously until associated costs are understood it’s difficult to determine an accurate valuation. the use of prof oelkers helps, an outstanding geologist (h-index 90; 60 index is exceptional) so his involvement and any report will underpin the narrative.


not forgetting the oil, with nav $500m which can easily be connected to the scp as i mentioned previously. i note cnpc are involved in azerbaijan where the scp originates, would be an easy decision to acquire, particularly given their increasing presence in georgia.

given tennyson’s 18p based on not including contingent resources, or exploration, it must be safe to assume this price will be surpassed with news, but i still think mid-may based on farm-out announcement.

There are some wild figures being thrown around and I am not convinced people really understand what they are talking about, despite claiming research. Anyone challenging these are shouted down with petulant name calling and being accused of de-ramping. Pathetic, and says more about the respondent than those asking sensible questions.

I would like to know a couple of things, and while I don't deny things look very promising at last, but:

1. Why is there such a difference between 256M tonnes and 8.6G tonnes storage?

2. What does basin-sink mean?

3. How does 256M tonnes compare to other CCS facilities across the planet?

4. What are annual anthropogenic emissions?

5. What sort of costs are involved in pumping CO2 into the basin?

Perhaps this is the sort of research we should be doing to understand the bigger picture rather than saying numbers are mind-blowing. There is simply no evidence to support that. Maybe then we can determine a realistic price, which I do agree is quite north of the current.

g.a.y.lord98, I've never been negative, merely objective, though you cannot seem to work out the difference and just attack people based on your ignorance.

A good and solid set of results. The ME issue will not have that much of an impact, the route network is strong enough to take any disruptions from that region. Company will still maintain circa 3k flights per day and with the introduction of alternative fuels (SAF/hydrogen) combined with modern, efficient fleet the successful holiday division the future is good.

easyJet are good at the core business fundamentals.

jeff bezos net worth: $203.8 billion usd. convert to gbp: 63,956,081,000

at your valuation of £570/share means you hold (63,956,081,000/570 )287,642,247 shares or more, as you will be worth more than him.

not bad given 724,680,000 shares in circulation, means you own 40% of block by your calculation. maybe you want to check your figures before m.***lord.96 bursts with excrement…