Member Info for bobbbyrash

From 31st July update. Kilgleever

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 like I said recently I would expect this phase to be completed by end of October. Then the pilot injection.

Https://www.mofa.gov.ae/en/mediahub/news/2023/10/11/11-10-2023-uae-georgia

Come on PH, Abu Dhabi want our CCS . Another 5-6 weeks I'm thinking until phase 2 studies are completed. 'one' of the largest I meant to say, don't want to be accused of ramping!

Https://www.upstreamonline.com/carbon-capture/multiple-projects-on-radar-adnoc-steps-up-low-carbon-investments-with-23-billion-spending-plan/2-1-1707432

Seems like they are taking CCS seriously. Funnily enough we have the largest in Europe!

How do you know I was talking about you Afarter? You must put yourself in that group. Fool.

So the bashers have all come out to play today to help their paymasters mop up the shares. They hang around like a bad smell.

Https://agenda.ge/en/news/2024/40524

The good news from Georgia just keeps flowing. New national football stadium, new airport, expanding gas supply, new deep sea port, new roads, economic growth month on month, Georgia football team with 6 points from 6 and top of their group, etc etc.

Come on PH, it's time to light the fuse!

Https://www.kaori-media.com/georgia/government-vision-attractivity

Any rich Arab wanna buy Block?

Https://agenda.ge/en/news/2024/40510

Self sufficient in energy by 2030. Mmmm could be Block supplying that gas.

Https://www.oedigital.com/ccs

Just scroll down and read some of the companies that are actively involved in CCS around the world and it's only going to grow!!

Block energy will very shortly be getting noticed after our stage 2 studies are complete and we move on to our pilot injection scheme. "World class" and "largest in Europe" are phrases being used!

Thanks for posting life is hard. I think it's fair to say we are expecting an update on project 2, project 3 farmout, project 4 farmout and the CCS second study and of course the elections all before end of October would be nice! Let's see what next week brings. Have a good weekend all!

From 31st July RNS.

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.

If we say the studies started mid July and will take 14 weeks then by end of October we should be nearly ready to start injecting!! Onwards and upwards.

Https://www.upstreamonline.com/carbon-capture/co2-injection-starts-at-eni-led-italian-carbon-capture-project/2-1-1703176

In other news Block energy is about to start injecting CO2 at the largest CCS project in Europe. I'm sure Eni and other majors will soon be aware of the size of our business. Europe will also be supporting Georgia with it's carbon goals !! Meanwhile you can buy the whole company for just over £7m. Is it April's fools day??

Https://ndcpartnership.org/news/georgias-low-emission-pathway-model-developing-countries

Seems like our developing CCS business is also a strategic asset for Georgia. I'm sure we can take all the emmisions the country produces!

Https://www.offshore-energy.biz/ccs-market-to-reach-7-bln-by-2028-bolstered-by-increased-investments-fortune-business-insight-says/

"CCS demand set to skyrocket"

Been doing a bit of research again and looks to me like all the majors are getting involved in CCS around the world. Surely our location must be in high demand once we start our pilot injection program and prove it works!

Update due very soon!

Look like bed and ISAs to me boff. Again you like to comment on the 'sells' but not the buys. All sounded good to me in the interview. CCS moving forward at pace with Rustavi Azot, FACT. Farmout still the major short term catalyst..... Watch this space.

HUGE numbers!!

Just watched the recent interview again with PH and he states that the first phase of production from project 3 should be 150 mmcf of gas per day rising to 300 MMcf after the second phase of investment.

I just looked back to last year's Q3 update and we sold 57.4 MMcf for $256k so basically we are looking at approx 3 times that amount per day!!! $750k per day= $22m per month rising to $40m per month.

These are absolutely

Boffer is that you quietly loading up? You only seem to comment on the sells! Onwards and upwards any day now! Massive strategic gas resources and a huge CCS business being developed!!

RNS logged? Major farmout signed! Can't be far off now! Come on PH.its the news most of us are waiting for!

Thanks guys!