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3D Modelling & Visualisation
Combined with historical data, simulate production, aids risk prediction and use to underpin and optimise production, while lowering costs and risks but also enhancing performance for O&G assets. Delivering efficient exploration and production, leading to more informed decision-making and improved asset management.
O&G Cloud computing enables Reservoir Simulation
Offers thermal, oil, and compositional reservoir simulation modules, allowing engineers to predict performance reserve estimates and suggest functions to maximise reservoir production.
Augmented & Virtual Reality (AR/VR)
Immersive technologies, AR & VR, mixed reality (MR), and extended reality (XR) have transformed O&G, enhancing efficiency reducing errors, providing real-time equipment and tool information. Remote monitoring, downhole imaging, and virtual training are blending real and virtual environments to facilitate human-machine interactions through wearables.
The 4th Industrial Revolution, born of emerging technologies, outlined above will fuse physical and digital worlds. Developments in AI and the Internet of Things along with related technologies now being employed by BLOCK are enabling the company to progress at pace.
Such developments as outlined above are merely the tip of the iceberg, anyone knowing having even the slightest knowledge of these will understand how these functions now put the company at an advantage. Ignore trolls noise who cannot accept things have moved on.
Rocklawn - still can't spell for toffee. Why would my employer need to know what I do in my own time?
You're another one who cannot do any research and relies on everyone else, but quite happy to complain and snipe when you think it suits your purpose. Do you even know how many projects the company has? What the connections are? Who the potential JV partner is?
I'm not little and I'm not nasty, I just don't tolerate fools.
Grow up.
Troll: "is bigboffer going to get a mention tonight following this post pray tell? - 'The outcome of this statement and action by PH is that no-one trusts a word he says, ' "
My balls are made of flesh, not crystal.
You could always ask it yourself, but then given you're spineless and thick as 💩, you want to rely on others to do your research for you. Sums you up, incapable of doing anything apart from finding fault with everyone else.
Ever thought you could be the minority?
https://shorturl.at/myEPT
Resorting to name calling simply demonstrates a low IQ. Seriously, if you cannot add value to the debate, do yourself and everyone else a favour. Resist commenting, otherwise you put yourself in the same category as the troll.
By the way, I enjoy hiking. Good for the fitness levels and managed some very interesting climbs across the world. As for idiot, I think my employer would disagree 😉
"There are several posters on this board worse than 1234 .. and that poster is loving it ...how stupid and thick as solid sh.. are these IDIOTS ... grow up and if your invested ...concentrate on the SHARE ...and not the FOOLS who are only hear for the laugh ..."
Rocklawn, if you are going to criticise others then its always wise to ensure you are above criticism yourself. Your short paragraph adds nothing, but is replete with grammatical errors and inaccuracies.
Furthermore, why make such a crass statement when many of the contributors you refer actually provide facts, data and information to support the company's position, challenging the moronic, baseless, binary-focussed monologue of the one that persistently attempts to undermine debate here. We all have the right to challenge this, and rightly so.
Last time I checked, the UK was, and still does, enjoy free speech. Perhaps you would like to use that privilege to your advantage and provide some dialogue on the company rather than attacking people, which would give you some credibility. Otherwise, you are no better than the troll you refer.
Rlightor - I don't conveniently read anything. I am used to reading complex information and have both an engineering and management background. MrBRG commentary tends towards condescending in places, with assumptions, potentially innocent but with sinister undertones (libel), although primarily directed at negative commentators. Hence my query to them about their position/relationship with the company. Yes, there is some logic in the debate, but that sometimes dissipates in the message.
As for me taking a leaf, I'd rather remain concise and make my points succinctly, thank you, and yes, I also work for another company with good renumeration enabling me to invest comfortably.
MgBRG96 - thank you for your response.
You confuse me.
You imply you are connected to the company yet suggest you have only undertaken research recently and now investing.
Surely, if you were that well connected to the company and know the key players as well as you intimate, you would have invested 6 years ago.
Proven/probable reserves; with todays technology and advances these are a conservative estimate too. Good to see the court and legal issues now being wrapped up, allowing a return to market. Given BLOE's positive news and recent price increase, this could bode well for FRR, particularly given the figures we have, circa 10 fold minimum.
Clearly something is happening with BLOE given the resident troll is frantically responding to each and every post and working itself into a frenzy. Hopefully it will disappear up its own rear end, or better still, banned.
Libel? Difficult to prove, but this year so far 6 questionable comments referring to PH alone. Troll just cannot help itself
6 Feb 24: "it must be clear that all PH has achieved in the last few years is decimating the m/cap ny NINETY FOUR PERCENT.....thats 94%"
4 Feb 24: "...on the back of PH's DRIVEL"
3 Feb 24: "The only thing PH is busy with is being paid whilst delivering NO return to investors which he accomplished very well for many years...."
2 Feb 24: "the actions of PH has made the sp drop by 94% thats 94%"
13 Jan 24: "dont blame PH....hes done a sterling job delivering ZERO return to investors whilst taking a HUGE remuneration and sucking the company dry with a 16% return on his loan..."
7 Jan 24: "anyway dont worry im sure PH is more than happy sucking the company dry with his substantial remuneration...."
Apologies - I mixed the dates:
https://www.lse.co.uk/rns/BLOE/independent-engineering-report-rqlnw4nbe0ko19w.html
https://www.lse.co.uk/rns/BLOE/commercial-carbon-capture-and-storage-opportunity-223edufx4fex3ot.html
Further information on Linkedin: https://www.linkedin.com/company/block-energy/
Earl of aim - you are about 2 weeks behind the curve.
If you just scroll through the history and postings on this board you will find much of what you are posting as 'latest news' has been addressed already. For example, check the RNS from 8th January and 16th February. Look at the corporate presentations, but for goodness sake, stop behaving like an excited school kid who's been promised ice-cream.
Its embarrassing.
At NPV $500M as per the IER the share price equates to 60p. Some of the figures being plucked out of thin air on here are fanciful. At $1.6bn it will easily surpass £1.00 but of course, there's nothing to see, no interest from JV partners, no way of getting anything out and no way of replacing what they cant get out with CO2 3rd party industries want to put in.
The share price has not taken off as todays news is merely confirmation of progression underpinned by quantitative information. CNPC have been mentioned for the last few weeks now, so nothing new there, but involvement confirmation will have a greater positive impact on the price. Its being held down for a reason.
Ignore the troll, its thick as mince with an axe to grind.
"Yawn yawn yawn Sounds great Paul Haywood - bring it on ! Be a b…dy miracle if you finally do and make us LT investors some return"
Good to see a regular poster here, even if its only once a year. See you next year? Same time, same place... 🤦♂️
With a conservative recoverable contingent resource of nearly 3 TCF, an NPV $1.65bn confirmed, along with progression on the farm-out partner and Project 3 early production rates predicting towards 30 MMCF/d within 24 months, the play is coming together nicely.
Add carbon capture & storage to support major net-zero CO2 to wider industries, it gets better.
"Read down the article to the huge cement factory. Doesn't that produce huge amounts of CO2? Maybe they need Block to pump the emissions under XIB ?"
That is correct and is covered in the interview here: https://vimeo.com/904455353
Carbon capture and storage also offers opportunities to increase Blocks services and resources, opening up opportunities into wider markets. It also allows Block to produce fossil fuels whilst offering the facilities to capture and safely store the by-product of their usage.
A win win.
The independent engineering report confirms excess of 1TCF natural gas resources with a net present value exceeding $500M.
That translates to 60p and is only 1 project.
I know, you cant get it out of the ground 🤦♂️