Member Info for Avi8r

"Massive demonstrations in Georgia's capital Tbilisi against Putin's puppets in the country":

https://twitter.com/ForeignpolicyWB/status/1779915276751868161?ref_url=

Check Cenovus energy (CAN) Ultimately 20 million tons of CO2 are expected to be stored @ cost $20/Ton of CO2, with over 30 Million tons injected since the project started. Figures are old, and suspect prices now cheaper following technology improvements, CCS has been around for a while. What has been overlooked here is that CO2 is used to assist extraction, its not a matter of filling a void.

Block states 'reservoir scale storage is estimated at 256 million metric tonnes', and 'basin scale at up to 8.7 gigatonnes'. The 256 mmt is clearly more objective, however basin-scale is rather more complicated hydrology and less defined.

Some wild figures being thrown around here, lets not get too excited

I've just returned from a trip to the UK, first in a long while and what a depressing place its becoming. Prices going up and generally miserable. Whats going on???

Despite all the cheerleading over the weekend regurgitating much of whats been covered, still don't anticipate news until mid-May, based on research. The clues are there, so the price will drift until then.

If it does come in before then, happy days, but its clear no one has a clue what price or when. Until then, sit back and be patient.

I doubt very much it will drop. People are still travelling, the world still turns and TUI still operating. The only difference is a diversion around affected areas, which will not affect TUI as the furthest east they operate is Egypt, west of the problem area.

Thailand routes may be affected, but thats operated by TUI Nordic if memory serves me correctly.

Nothing to worry about.

Has anyone attempted to deny him that privilege then?

Not expecting any farm-out news until mid May at the earliest.

Georgian government has announced development of a new airport near Tbilisi expected to cost £1bn with an increased projected GDP. More carriers are operating to Georgia, with others adding the route, however tourism is not the only income, work expected to commence 2025, following tender process. Of course, more aircraft means more fuel. Anyone cognisant with average aircraft uptake or related economies might see this as a benefit.

On frontera resources? I thought this was the place to find out...

The only walk round inspection of engines is that of the inlet fan and nacelle heaters. It is the responsibility of maintenance crews to secure panels, there are no indications on the flight-deck for loose or missing panels. Only unlatched doors.

Obviously if a panel is unlatched they can be secured, which is spotted by looking under the engine nacelle, so not that easy, but good crew will look, as should maintenance and handlers looking for anything unordinary.

Where's Sarah when you [don't] need it?

Probably sat on the sidelines gnarling away, frustrated and climbing the walls. Was always going to end in being banned.

Edited:

* Depending on demand, Block could well be in a position to deliver gas for 20 years, based on the details from Shah Deniz. Farm-out partner will be a critical choice/decision, irrespective though, the figures will be way north of todays price. As previously commented, the farm-out process commenced mid February and realistically don't think we will hear much before May.

Colleague of mine caught a bit of television in Tbilisi over the weekend, screening Levan Davitashvili being interviewed about a "200 billion cubic meters gas field discovered in Georgia suggesting they have about 15% of the gas reserves in the fields in Azerbaijan."

The report stated Georgia's gas reserves amount to 5.7 trillion m3 and went on to refer to Block Energy mining a large oil and gas field 30 km from Tbilisi using horizontal wells.

For info, Shah Deniz delivered 26 billion standard cubic metres in 2023 & Shah Deniz 2 will deliver estimated 16 billion cubic meters per year but these figures give a good comparison for the potential of Blocks discovery, particularly as the SCP passes right through BlockX1. In 2018, Shah Deniz achieved 100 billion cubic metres total gas production since start of operations,12 years after commercial gas production and start of the SCP.

Depending on demand, Block could we be in a position to deliver gas for 20 years, based on the details from Shah Deniz. Farm-out partner will be a critical choice/decision, irrespective though, the figures will be way north of todays price. As previously commented, the farm-out process commenced mid February and realistically don't think we will hear much before May.

That the information is being released into the wider public domain has to be good.

"Southwest has had several emergency landings in recent years. It just isn;t a very safe airline." Define 'emergency'. Are we talking engine failure, lack of fuel, medical or something else?

With a fleet in excess 800 aircraft operating over 1.4 million trips carrying 137 million passengers the odds of an emergency or, more commonly, precautionary situation are increased.

What emergencies are you referring to and how does that relate to RR?

Rolls-Royce announces it has successfully kicked off the flight test campaign for its latest aero engine for the business aviation market, the Pearl 10X, on the company’s dedicated Boeing 747 flying testbed. The engine has been selected by French aircraft manufacturer Dassault to exclusively power its brand-new flagship aircraft, the Falcon 10X.

https://ow.ly/CqTE50R7e7r

Information overload there, much of it irrelevant to Block, however, considering the pertinent points, it demonstrates how well BLOE is positioned to benefit from current and future Georgian developments.

“Energy is one of the most important sectors of our economy” with “large-scale reform of the energy sector” and the separation of energy transmission and distribution from generation is interesting depending how that can be expedited, including the introduction of Georgian Energy Exchange ensuring the “implementation of competitive and open market principles in the energy market”. This really has much potential for BLOE.

The 'South Caucasus pipeline (ultimately delivering natural gas to Europe) has increased by an average of 25%, in total it has increased by 92% compared to 2020'. Transit for 2023 was 8.21bcm. Pipeline capacity is 24.04bcm/yr, and noting it runs across Project 3 (most notably, right through Block XIF (and XIB, within circa 25km/15miles)) it offers an opportunity to connect and export gas from Blocks discovery of 1TCF (28bn cubic meters), ie, it would take over a year at full capacity just to drain estimated Project 3 gas reserves.

The gasification project providing natural gas to around 94% of Georgia’s population, ie, 3.5M people across 27k square miles combined with improved infrastructure and gas available demonstrates inward investment delivering economic growth opportunities, subsuming BLOE, so again we can anticipate improved trading.

This is the main opportunity, and its not "jam tomorrow" given the dates provided. The pipeline has been operational for some time and the technical problem will be connecting to it. Politics plays a positive aspect too; EU is not keen on 100% dependence on Azerbaijan for gas, so adding from Georgia will help and encourage further investment.

That leaves the oil. Reading between the commentary, appears will mainly be exported, given the focus on hydro electric power generation x 12 HPP y/e 2024 (very ambitious), however adds further support for the share-price.

The other mention is the Black Sea submarine power cable project, concurrently designed to improve internet communications and provide electricity, reducing the reliance on Russian infrastructure. Not really relevant to dialogue here, but an indication where Georgian politics is focussed.

In conclusion, for BLOE it confirms why gas is now the key. The rest is peripheral support, progress is ongoing, so not jam tomorrow but a clear indication that many moving parts are working together towards achieving a focussed output of which BLOE seems to be very integral.

Certain posters on here should be absolutely ashamed of themselves, non-stop posting disgraceful, fanciful and crass commentary. Pointing fingers at others claiming how sad they are to post on a forum over a long weekend yet think its perfectly acceptable to account for at least 67% of the weekend posts. Most of which are puerile and full of inaccuracies, along with even a basic ability to spell, that alone demonstrating the IQ levels at play.

I hope most genuine users have taken time to report these shameful posters and LSE will remove the comments allowing sensible debate to return. People are free to invest their money where they wish, and don't need some illiterate, angry self obsessed narcissist telling them otherwise.

Likewise, the incessant, over exuberant, promotion of details already discussed, some which is misleading and fabricated simply enflames matters. No one cares if you're a multi-millionaire or simply someone looking to make money, but the constant ramping and de-ramping demonstrates what sad and boring lives you must have and what poor excuses of humanity you are.

Before you decide to accuse me of the same, I've had a great weekend off, enjoying the heat and good food with friends (unlike you apparently) and about to leave for the far east.

Quantum leap or not, I hope LSE decides to give you your own quantum leap and ban you indefinitely for your shameful immature and boorish behaviour.

"United Airlines asked Pilots to take unpaid leave of absence in May, following delays in deliveries of Boeing Jetliners. The carrier explained that because of the lack of new planes, it wont be able to fly as many hours as planned. Both United and Boeing have been plagued by safety issues recently, goes to show what damage a "quality escape" can incur."

Your point being?

This is about Rolls Royce - United's Boeing fleet are powered by General Electric, maintaining its American links. Only the 757 fleet are RR powered, but thats a very old airframe. Not sure what argument you are attempting to present.

"We have received enquiries regarding the paying agent. As previously advised, if certificate holders issued by the company have not had contact from the paying agent by close of business on 2nd April 2024 (EST) you are advised to email the company at contact@cloudtag.com FAO Corporate Share Action where we shall involve the paying agent directly to handle your notification process."

If only the email address existed, the message might be credible:

https://mxtoolbox.com/deliverability

Not sure if posted before.

Japan Airlines has confirmed its intention to acquire 21 more Airbus A350s and to place its first-ever Airbus single aisle aircraft order for 11 A321neo, entering service commencing 2027.

Order for 10 Boeing 787-9 Dreamliners, but these are powered by GE GEnx engines.

In the RNS dated 8 Feb 24, PH is quoted 'Our team has worked hard to deliver the technical product required for a successful farm-out process, including a full appraisal plan and early development concept.'

To me that does not suggest the farm-out process is underway at that time, but being prepared. Furthermore, the corporate presentation from March 24 states 'Farm-out commenced... supported by Independent Engineering Report and independent advisor', again suggesting it did not commence prior to the IER.

The farm-out process officially commenced 12 Feb 24. I did post that recently, but clearly drowned out by the dross written by the few. Assuming the process takes 3-6 months we can expect to hear news of the farm-out partner circa May to Aug, however that will only be the announcement of 'who', not 'what' will be undertaken as that will be subject to legal and contractual obligations.

The price will likely jump and depending who the farm-out partner is will determine the amount, as we already know whats available. Its then a matter of determining how the work and income is divided. It could very well be 100% sold to a larger organisation, Block has stated the NPV being $500M. Decide yourselves what value you think that places on the company.

As for todays rise, there is nothing to indicate why, apart from a long weekend. I think its too early to expect any announcements on farm-out partners yet.

It was good to see sensible commentary today too and no one having to unnecessarily and constantly defend their positions, until the troll returned.