Member Info for bobbbyrash

Https://www.economy.ge/index.php?page=news&nw=748&s=espanuri-kompania-repsoli-saqartveloshi-naxshirwyalbadebis-potencials-sheiswavlis&lang=en

I didn't know repsol had also entered Georgia earlier on in 2018!

Https://www.economy.ge/?page=news&nw=930&s=navtobkompania-exxonmobili-saqartvelos-naxshirwyalbadebis-resursebis-sheswavlas-daiwyebs&lang=en

LTH's know they entered the country to examine the potential but do we know what's happened since? Maybe COVID delayed their plans?

Https://usea.org/article/usea-convenes-leaders-georgian-energy-industry-government-adopt-projections-natural-gas

Just been doing a bit of research whilst we wait for news. Every article I read suggests gas demand in Georgia is growing and will continue to do so. Infrastructure is being upgraded, gas storage facilities completed, more customers being connected.

Once we start producing from our 2.7 TCF, can we also earn $40 per ton profit from our own gas emissions?? That would be a win win!

RNS in the morning?

Https://garibashvili.ge/en/n/all/korporatsia_indoramas_damfudznebelsa_da_tavmjdomarestan_shekhvedra

https://bm.ge/en/news/indorama-has-announced-about-new-investment-project-in-jsc-rustavi-azot

For those who missed the news first time around. They seem like a serious company investing significant amounts in Georgia with growth plans and excellent relationships in country and are very keen to work with block!

I would think an update on the progress is definitely due soon.

"Indorama is one of the largest conglomerates in the world, which includes enterprises producing mineral fertilizers, industrial chemicals and various chemical products. The corporation owns more than 160 enterprises in 38 countries of the world, including Europe, Asia, Africa, North and Latin America, and employs more than 45,000 people.

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"

Is this the same Indorama that is working with Block!! ;-)

It's just a matter of time.

Https://www.akm.ru/eng/news/british-block-energy-has-signed-an-agreement-with-georgia-s-rustavi-azot-/

We are beginning to appear on more outlets! Can only be a good thing!

Https://china.mfa.gov.ge/en/news/252232-viziti-chinetis-erovnuli-navtobis-korporatsiashi

Cracking piece someone posted on advfn.

Anyone know what's happening with the 2 deep drills CNPC are supposed to be drilling next to us?? They must be on with them by now! 3 buys today btw. Showing as sells.

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

Mal obviously doesn't understand what a massive, strategic CCS business we have. He obviously hasn't done any research on the numerous acquisitions that have taken place over the last year or so. But then why would he when he's not invested here?

It's quite obvious we have a massive, strategic CCS business in the making. Looking at very pessimistic numbers that have been reported in the OPC study and the profit per ton from the recent RNS .

Let's say 200k tonnes a year injected at $40 per ton profit we have $8 million (£6.3m) at a PE ratio of just 5 we are looking at approx £30m valuation so we are talking 4-5p share price immediately. This is absolutely base case scenario excluding the entire rest of the business. Our share price is absolutely ludicrous at the moment but once we have more concrete news then we will 5 bag in a day or two then continue climbing. Again that's excluding the oil and gas completely!

Mr BRG. That 16bcm of gas equates to approx 565bcf . Now we have 2.7TCF which equates to approx 35 years of Georgia's consumption not 8 years as spouted in the article! Definitely massive numbers. Reading yesterday's interview i like the part about the CCS gaining a lot of interest from different players.

Well done Georgia! Fantastic result tonight!

Https://www.nitricacidaction.org/georgian-nitric-acid-producer-rustavi-azot-announces-international-tender-for-abatement-technology/

Looks like our partner in Georgia is serious about reducing CO2. Come on PH let's get some news about the dollars we will earn from our CCS . I've got a sneaky feeling an RNS is due this week.

Https://agenda.ge/en/news/2024/39602

Maybe block can start supplying the gas to the country soon. Come on PH!

You seem to be very interested in this share as a non shareholder. Bit strange.

Https://agenda.ge/en/news/2024/39555

Interesting to note that representatives of GOGC were there.

Extract from 11th April 23 RNS :-

The MoU also covers other areas of cooperation, including geothermal, carbon capture and storage, specifically the south dome project located within license XIB and hydrogen projects across Block's licence areas".

Interesting times ahead!!!

Https://www.technologyreview.com/2024/06/12/1093477/the-worlds-on-the-verge-of-a-carbon-storage-boom/

Block energy have a 'world class ' CCS business , one of the biggest and best in Europe!! Looks like it's going to be important going forward!

Https://bm.ge/en/news/indorama-has-announced-about-new-investment-project-in-jsc-rustavi-azot

From yesterday announcing new $60m investment!

Did I mention it's Blocks partner btw in developing our 'world class ' CCS business.

Meanwhile the value of our whole company including our drilling rig and 2.7TCF of gas and the hundreds of millions of barrels of oil etc etc is £8.5m

Sooner or later something is gonna happen here big style! At the moment it's a f*ckin joke.

Https://garibashvili.ge/en/n/all/korporatsia_indoramas_damfudznebelsa_da_tavmjdomarestan_shekhvedra

From last year when it was mentioned several times that Indorama were planning to invest even more in Rustavi Azot.

Https://agenda.ge/en/news/2024/39482

Solid growth for Georgia!! As the country grows, the need for energy grows!

Echo the dog