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Https://agenda.ge/en/news/2024/40917

Second paragraph looks very interesting!! Oil and gas discoveries! Come on saudis!!

Nice 2 million buy there has been worked . News imminent!

Https://oilprice.com/Latest-Energy-News/World-News/IEA-Global-Natural-Gas-Demand-Set-for-New-Record-Highs.html

Mid to end of October rlightor if you look at the 14 week scenario quoted!

Also from the trading statement RNS 31st July :-

"CCS Update:

- Stage 2 studies, with the aim of developing a costed engineering solution and commercialisation strategy, of a pilot CO2 injection scheme are progressing well.

- The studies are expected to take approximately 14 weeks, after which the Company will be in a position, subject to agreements on cost sharing, to undertake injection of CO2 on its storage project."

So IMO we should be receiving an update from mid. October. Maybe then the market will wake up to the size of the opportunity!

So as we near the hotly anticipated update on the progress of our "Europe leading CCS business" what sort of value can we attribute to it when it's up and running?? Looking at the size and projected injection amounts?

I'm just wondering as the current market cap of Block energy equates to the price of some houses that are for sale near me.... there seems to be some huge disconnect between our assets and the company value!!

One big positive from the RNS seems to be that gas production looks like it is remaining very stable over the last 12-18 months (albeit not much production) that must bode very well for future development plans for project 3.

CCS update must be due sometime in October with phase 2 studies completed and then the pilot injection scheme.

Hopefully project 4 farmout will drop out of the blue.

Seems like we are ticking over nicely for the moment!

Nothing to see there. RNS Monday morning. Have a great weekend and let's hope for some action next week!

Https://www.oilfieldtechnology.com/drilling-and-production/23092024/socar-and-partners-sign-addendum-for-acg-field-gas-exploration-and-production/#webview=1

So these gas fields have up to 4 TCF of resources and we have up to 3 TCF. Surely some majors must be very interested in our project considering it's onshore, relatively cheap development, export pipelines etc etc etc. and doing some further reading on CCS it seems to be going from strength to strength.

Once we get some concrete news on our projects we must 10 bag almost immediately from this absolutely unbelievable £6m market cap.

RNS in the morning would help kick it off!!!

Buys were 0.85 Thursday afternoon Mikey. So make your own mind up. We have at least one guaranteed RNS in the next 5 trading days. Seems we are arriving at a point in time where there is multiple news due on several transformational projects to hopefully kick start this SP once and for all.

Thanks for that Hepseal, I just had a quick nosy!

"bp (NYSE: BP, LSE: BP.L) and Apollo (NYSE: APO) today announce an agreement for Apollo-managed funds (the “Apollo Funds”) to purchase a non-controlling stake in bp Pipelines TAP Limited, the bp subsidiary that holds a 20% share in Trans Adriatic Pipeline AG (TAP) in a transaction valued at approximately $1 billion. Upon completion, bp will remain the controlling shareholder of bp Pipelines TAP Limited.

Trans Adriatic Pipeline AG is the owner and operator of a key infrastructure asset for meeting European energy demand - the final 880-kilometre leg of the Southern Gas Corridor pipeline system that transports natural gas from the bp-operated Shah Deniz gas field in the Azerbaijan sector of the Caspian Sea to markets in Europe such as Greece and Italy.

bp and Apollo will also look to partner on additional investment opportunities, including potential co-operation in both gas and low carbon energy assets, and infrastructure".

So after posting the tweet about this story a few days ago it has been taken down today from blocks X account . The last sentence says they are looking into gas and low carbon energy assets. I wonder if they are in the data room and block had to remove the tweet!!

Would be nice.

All buys today boffer. Totally agree with kilgeever. Unbelievable where all these shares are coming from. Anyone would think the recent 30% drop on nothing has been manufactured.... What an absolute ridiculous market cap we are .

Is this the same company that was NT at 1.85p just 4 months ago? As far as I'm aware we've been progressing slowly ever since and here we are at 0.85p . Not for long. Time to move up to a realistic 3-4p where we should be now. 10p is first big target with positive farm out and update on CCS.

Https://agenda.ge/en/news/2024/40650

And British airways starting next year. All good for Georgia and hopefully therefore block!

'Indorama is one of the largest strategic investors in Georgia. In the coming years, the corporation plans to invest significant financial resources in the direction of modernization, development and production expansion of the Rustavi nitrogen plant."

All good news for block. More production equals more emissions= more revenue.

Seems like a cracking partnership to me.

Https://x.com/BlockEnergyplc/status/1835988407274668275?t=7ljlIAQ-LejScfR6FQWMwg&s=19

Https://www.upstreamonline.com/carbon-capture/petronas-japanese-partners-move-towards-early-commercialisation-of-ccs-project/2-1-1709799

Https://ccushub.ogci.com/news/

Read some of the developments from around the world and maybe some on here need to realise that developing a massive, strategic CCS business will take a bit of time but we all know for a fact that progress is being made with a company that needs us. Nearly all the worlds oil and gas majors are getting involved in CCS that's another fact!

No problem! That's why we are here, to share news about our investment! It's all relevant, the more growth Georgia has the better for block, the more countries that sign agreements with Georgia, the better for block. The more growth Rustavi Azot has the better for block. Sooner or later the market will see this.