Member Info for bobbbyrash

Https://mepa.gov.ge/En/News/Details/21052

Another interesting piece. Looks like our CCS ambitions will be well received in Germany. The right business at the right time!

Nice late buy boffer! Was that you? Onwards and upwards bloe. The CCS project is advancing as we speak. We don't need daily updates!

News music be due and they are obviously shi*ting their pants!! Ha ha

After days and days of silence over on advfn, the bashers are once again out in force today! News m

Https://agenda.ge/en/news/2024/40095

Let's get our gas running through it asap!!

It comes from the presentation from professor olkers. How much profit are He1 currently earning for their 75m market cap? How much profit were Prem earning for their 150m market cap a year ago?

I think we can safely say a comfortable $40 a tonne profit. 300k tonnes a year injected means a nice $12 million a year PROFIT!!

"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".

Avi8r where do you get 50 million tonnes from? I thought we had 256million metric tonnes reservoir storage.

As Phil Dimmock said in yesterday's RNS:-

"We are making significant progress in our farm-out campaigns for Projects III and IV, with several interested parties actively engaged in our data room.

On our Europe-leading CCS project, we are conducting a second study to develop a comprehensive engineering solution and commercialization strategy for a pilot CO2 injection scheme"

It's just a matter of time now!

I would think once our CCS business is up and running and earning revenue then the SP must be around the 10p mark without any of the other potentially huge projects.

Add in the mix a successful farm out of project 3 on good terms then 20p must be reasonable. Any bonus from projects 2 and 4 could see us at the 30p mark.

That's my prediction. It's just a matter of time!!

1.13p to buy now! Onwards and upwards with our world class CCS project!!

And some might be forgetting or ignoring the fact that the solid financial position and production numbers are giving us a stronger hand in the ongoing negotiations with farm in partners which in the longer term will make a small interest payment on a very small loan really look like pocket change.

It seems to me all the ducks are more or less lined up and they just need to be taken out of the water now for the fireworks to begin!!

Very solid figures considering no new wells have been drilled !

Very solid update! Onwards and upwards!

Https://www.upstreamonline.com/exploration/-too-challenging-totalenergies-quits-4-5-trillion-cubic-foot-south-africa-gas-project/2-1-1683967

We have a near 3 TCF gas project to develop if you're interested Total energies!!! Very easy to develop, infrastructure in place, onshore, government backing, huge export pipelines running through the block. What's not to like?? Maybe we should send them an email ;-)

Maybe someone who thinks the company is worth more than 1.09p? Our drilling rig is worth half the market cap.

1.09p to buy now.

Https://www.theguardian.com/environment/article/2024/jul/24/new-oil-gas-emission-data-us-uk

Looks like our massive CCS business will be in high demand!!

Https://en.aletihad.ae/news/business/4496463/uae-s-comprehensive-economic-partnership-agreement-with-geor

Https://www.offshore-technology.com/news/adnoc-invests-in-storegga/?cf-view

They can buy our world class CCS project for £300m before any other huge company snaps it up!! One thing is for sure, CCS is gaining traction and I'm sure the continuing work we are doing with Rustavi Azot will bear massive fruit in the near term!

Is something finally brewing behind the scenes??