Member Info for bobbbyrash

Finally some nice buys. Are we nearing an important RNS I wonder?? Onwards and upwards any time now.......

First of all Happy New Year to all the team at Block and all genuine shareholders!

Now we are closing in on the pilot injection scheme working with experts in the industry (OPC) and a highly motivated multinational (Indorama) I suppose we are arriving at the time where we will have a better idea as to the potential value of the project. CCS is here to stay and will only be growing in demand around the globe. We have an idea of the possible injection amounts from the report completed by Professor Olkers last year. The storage capacity will basically never be filled as I see it as it's so HUGE so what is a project like this worth?

£1 million?

£5 million?

£50 million?

£100 million?

I nearly forgot the billions of dollars worth of gas!! ;-)

One way or another the current value of the company is the biggest joke on AIM.

I totally agree Hepseal. Block are benefitting from working with a company as well regarded as OPC and I'm sure OPC are hoping to ride off the success of what they achieve with Block to promote their own CCS expansion (which is why I'm happy to find out that Max has spoken at the conference promoting themselves and Block in the process).

Hepseal, what are your thoughts on the following statement from the last RNS? Do you think the workover and re-completion is to do with increasing oil and gas production or more to do with the CCS?

"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".

Https://www.linkedin.com/posts/max-richards-6a09b3157_ccs-ets-cbam-ugcPost-7274748284886257665-9FTr?utm_source=share&utm_medium=member_android

Well done Max! Hope the boots are on the ground in Georgia ;-)

Https://agenda.ge/en/news/2024/42105

Decarbonisation one off the topics. Maybe our Europe leading CCS project will be pumping CO2 into the ground by then and the company will be worth more than £5m . It beggars belief.

Https://www.npr.org/2024/12/05/nx-s1-5217601/france-germany-europe-politics

I could list several more European countries with basket case politics. I applaud Georgia for not being blackmailed into the liberal elites agenda.

I suppose the US republicans and democrats are best friends. Have you seen the demonstrations over there in the last few years? Capitol Hill?

TANAP pipeline, I don't know where TCAP came from lol . It's been a long day.

Https://oilandgasturkey.com/

15+ investment projects being promoted. The TCAP pipeline capacity being expanded, is that to take Blocks gas I wonder 🤔 ;-)

Sorry 8% of the pipeline as well.

Https://oilprice.com/Latest-Energy-News/World-News/Equinor-Exits-Nigeria-and-Azerbaijan-With-2-Billion-of-Asset-Sales.html

So equinor are receiving $745 million for just over 7% stake in that large oil field!! And we are still valued at 6 mill with what we have?? Come on folks... One day we must be due an absolutely HUGE re rate.

Is this the CCS you mean Chesh? ;-)

Commenting, Paul Haywood, Block Energy Chief Executive Officer said:

"We are excited to advance to Phase 2 studies for our CCS project in partnership with Indorama. This project represents a crucial step in our commitment to climate action and aligns with our ESEG values as we embark on developing the broader strategies across our portfolio.

We have engaged in productive discussions with interested parties concerning long-term commercialization and scalability. Now, we look forward to transforming the project from concept to reality, seeking proof of concept, around injecting CO2 into the reservoir for permanent storage. By employing mineralization, a maturing technology, we can offer a cost-effective solution that stands apart from conventional offshore carbon storage methods.

The upcoming pilot injection and monitoring plan signify major progress toward commercialization and full-scale development. I look forward to updating shareholders on further milestones as we continue to push boundaries in low-carbon energy solutions."

Https://www.aramco.com/en/news-media/news/2024/aramco-linde-and-slb-sign-shareholders-agreement-for-one-of-the-largest-ccs-hubs-globally

Sooner or later our 'one of the largest CCS opportunities in Europe' will be on many majors radar, if not already. Currently just over £5m market cap?? What a p*ss take!

Is that you Boffer? :-) patience is all what's needed now!

I don't think the following link has been posted. It contains a bit more detail on the project and my impression is that they seem very excited. We have formed a very good relationship with OPC and I'm sure they have a network of contacts around the world. Chesh can you post this link on X and let's spread the word about Block. I'm sure we are still flying so under the radar. Let's hope for some continued momentum this week!

https://opc.co.uk/news/opc-launches-groundbreaking-ccs-project-in-georgia/

Https://www.linkedin.com/posts/opc-global_ccs-energy-projectsuccess-activity-7267860541690286080-hr9U?utm_source=share&utm_medium=member_android

OPC 's post about block.

Https://globalventuring.com/corporate/industrial/the-big-deal-carbon-engineering/

What must our CCS be worth when we prove up the scalebility? Hundreds of millions I would suggest. IMO makes our current market cap look like chicken feed!!

Https://fticommunications.com/carbon-capture-ma-is-accelerating-here-is-a-quick-guide-for-interested-parties/

With some absolutely huge M and A activity already taking place with the likes of SLB, Total energies and several other majors then I'm sure in time our project will also be attracting attention! ;-)

I'm sure by then Blocks progress will be being noticed across Europe. It is after all one of the 'largest in Europe '

Https://www.ccsassociation.org/all-news/ccsa-news/no-ccus-no-climate-targets-ccus-must-be-a-pillar-of-the-clean-industrial-deal/

We are proving up a massive, strategic asset at the right time, with the right geology, with the right partner. Exciting times ahead for Block!

Maybe you should learn what an UT is? Surprised you don't know with all your experience! 😔