Member Info for bobbbyrash

I totally forgot project 1 Hepseal :-)

And incredibly we are still under 1p. Answer to the earlier question of can we go to 10p?

IMO think more towards 20p on CCS scale up partnering with a multi billion dollar company and successful farm out of our project 3 assets. Project 2 and 4 are just a bonus!

Https://www.carboncapturejournal.com/allnews.aspx

What I posted yesterday just for all the newbies. Block second one down. Check out lower down the page what ADNOC and BP are investing in CCS.

Are we finally getting some good publicity. Sooner or later the word will spread about the HUGE potential here .

Thanks Hepseal. I thought my post was lost in the dribble!

Https://www.carboncapturejournal.com/allnews.aspx

Block are top of the list there. Also scroll down the page and look at some of the other very recent announcements including ADNOC and a bit further down the page BPs investment in Indonesia. Our CCS is very much going to be in demand once the pilot scheme completes and it starts to be scaled up. FACT.

Https://gavigudet.org/en/news/gavigudet-attended-the-public-deliberation-of-the-scoping-report-of-rustavi-azot-jsc/

Looks like the planned several hundred million dollar expansion of Rustavi Azot is progressing. The part on CO2 emissions suggests they can only reduce them by a small amount. Let's hope all the emissions are captured by Block and injected underground. Definitely looks like a great company to be partnered with. News is definitely due now. Come on PH! Tell us what you have been doing.

. With EU Emissions Trading Scheme ("ETS") prices at around $60/ton, and an estimated cost to store of approximately $12 per ton,

Is that not $48 a tonne. I said $40 to be on the low side! 🤔

"The value of Block's assets was further confirmed by the publication of an independent study indicating the presence of a major CCS opportunity. With an estimated reservoir scale storage of 256 million metric tonnes, and basin scale capacity of up to 8.7 gigatonnes, the Middle Eocene reservoir within our Patardzeuli-Samgori licence has the right geology and geography to support one of the biggest CO2 storage facilities in Europe. It offers the ideal conditions for mineralisation, a highly efficient and proven form of sequestration already being used for a leading CCS project in Iceland. And the reservoir's location in central Georgia make it ideally placed to serve as a regional net-zero hub.

A Memorandum of Understanding was signed post-period with the Georgian subsidiary of Indorama Corporation, one of Asia's leading chemical companies, with which Block is working to define a pilot CO2 injection project. With EU Emissions Trading Scheme ("ETS") prices at around $60/ton, and an estimated cost to store of approximately $12 per ton, the agreement is a significant step forward to developing a commercial pathway toward project development. With upstream and downstream synergies critical for any CCS project, brownfield infrastructure available for re-use, and the conditions for low-cost proven technology, we are excited by how quickly this project continues to develop".

Sounds good to me!

Https://www.offshore-energy.biz/norwegian-and-greek-firm-team-up-on-joint-co2-corridor-project/

All these CCS businesses that are being developed seem to be worth more than our measly 5 million market cap. My god we must be a 100 bagger in the making.

https://www.offshore-energy.biz/norways-2-8-billion-full-scale-carbon-capture-transport-and-storage-project-close-to-crossing-the-finish-line/

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

I think you are a bit greedy there Avi8tr!

Spud, I thought the RNS from January has already confirmed the CCS opportunity is commercial?

RNS Number : 7524Z

Block Energy PLC

16 January 2024

16 January 2024

Block Energy plc

("Block" or the "Company")

Study Concludes Block XIB Offers Commercial Carbon Capture and Storage Opportunity

Block Energy plc, the development and production company focused on Georgia, is pleased to announce a study identifying a Carbon Capture and Storage ("CCS") opportunity within the Company's Block XIB with the potential to support a major net-zero CO2 industrial hub.

Would any big player want to combine our assets and block 12 to have a real serious prize?

Thanks BRG! Very interesting if we are in the running for Block 12. I'm still getting the feeling that any project 3 farm out is awaiting the results of our CCS studies. News is definitely due!

Thanks Hepseal!

Https://www.upstreamonline.com/carbon-capture/offshore-rig-readied-as-norways-co2-plans-move-to-drilling-phase/2-1-1737156

And it looks like equinor are taking CCS seriously! They are drilling to see if the reservoir is suitable. We have already had major studies completed at the start of this year. Phase 2 studies completed any day now and pilot injection scheme ready to go!

How do you know Block 12 is available MrBRG??

And "progressing well" means they were already underway on 31st July so we are definitely due an update any day! Come on PH, bloe the doors off with a bumper RNS.

Hope you had a good holiday Hepseal! Did you read my original post from yesterday on the Lab energy thread about the recently completed transaction on their website? All to do with CCS and some major investors. Lab energy must be promoting block's CCS business and I'm sure the long awaited update is just around the corner if not tomorrow!

A crafty quick 1.4 million shares just bought. RNS in the morning?

"Combined with the independently audited 2C recoverable resources on the Patardzueli-Samgori field, the total Project III 2C Contingent Recoverable Resource figure for Patardzueli-Samgori, Rustavi and Teleti fields now stands at over 2.77 TCF, with an estimated Net Present Value 10 ("NPV") of USD 1.65 billion".

I'd say that is way over $500m!! And that's only project 3. CCS is massive in its own right. But as a complete package (project 3 and CCS) it is even more compelling.

"LAB Energy Advisors assisted CPT on their recently completed €23.7 million Series A2 funding round. The round attracted significant new industrial investors led by Taranis Carbon Ventures, and including CRH Ventures and BlueScopeX and was supported by its existing shareholder base Eni Next, NEVA SGR and Audacy Ventures".

Read about the companies that have invested in CPT. I reckon some serious conversations are happening in the background.