Member Info for bobbbyrash

So just to repeat myself on what I said a few weeks ago. If we can inject 250k tonnes a year at minimum $40 a tonne profit we are looking at $10m a year PROFIT. We have 256m tonnes storage capacity (forget the basin storage) 256m x $40 = $10 billion profit??

The only question I can see is how fast can we inject the CO2?

Https://labenergyadvisors.com/news

Are we going to be the next news release from Lab energy?? Can't be far off now!

Https://old.agenda.ge/en/news/2023/3740#gsc.tab=0

Not a bad partner for little old Block to be in bed with!

Https://agenda.ge/en/news/2024/39371

More growth = more energy!!

Https://www.offshore-technology.com/marketdata/kobuleti-gas-pipeline-georgia/?cf-view

Now we just need some of our 2.7 TCF of gas to flow through it!

Https://agenda.ge/en/news/2024/39368

Maybe the Chinese can buy block outright . They must be the preferred bidder. 20p and let's be done with it asap!

More good news for the country. More Chinese involvement is what we want!!

https://agenda.ge/en/news/2024/39341

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

Scroll down and read point 1. Over 30 buyers were lined up for that particular deal!!

I've just read one CCS in the north sea are planning on starting by injecting 1m tonnes a year rising to 6m tonnes a year. If we can find 1m tonnes a year in our region then the revenue is mind boggling!!

Btw a few nice buys after hours!

"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".

So the last sentence says they are 'excited by how quickly this project continues to develop"

Just a thought now but I wonder if the BOD are thinking that they can get the CCS up and running in say 12-18 months earning a minimum net profit of $10m (as discussed earlier) therefore creating significant free cash flow to either go it alone in the development of our other projects or put us in a much stronger negotiating position regarding the farm out?

As I see it the CCS is virtually risk free and a continuous revenue stream that should only increase with all the industry in the region.

Or we just accept a 20p buy out bid and be done with it!! ;-)

Https://www.youtube.com/live/9FRzQGzwFfU?si=ASfglmjeBbS3a2fe

Some interesting viewing from the recent meeting in Georgia.

Zak the fool

"We commenced a farmout process for Project III in Q1 2024 facilitated by a leading independent energy consultancy with an international network of contacts encompassing the key Asian and US markets".

I wonder why PH specifically mentions Asia and US?? There wasn't any need to say that unless we have some big players sniffing around in the data room!!

"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".

So let's say $40 per ton profit on the low side, if we can pump in 250k tonnes per year which the study by OPC suggests, then are we looking at $10m per year net profit?? Am I reading it correctly?

Direct from our CEO...

"The full potential of Project II is becoming clear".

"While much of the emphasis in 2023 was on Projects III and IV, and the CCS opportunity, we continue to look forward to developing Project II, which will be a key focus for our subsurface team in 2024".

Could be some major news on project 2 very soon Shed!!

Https://en.m.wikipedia.org/wiki/Sri_Prakash_Lohia#:~:text=Sri%20Prakash%20Lohia%20(born%2011,diversified%20petrochemical%20and%20textile%20company.&text=Lohia%20hails%20from%20India%2C%20but,life%20in%20Indonesia%20since%201974.

Not a bad business arrangement for little old Block to be associated with Indorama!!

Https://agenda.ge/en/news/2024/39233

"Implementation of the BSSC project implies a boost for large-scale infrastructure in the country, the creation of jobs and increased investments in Georgia’s economy. With the project, Georgia will become a very important partner country of the European Union and this will contribute to the strengthening of the energy security of the [EU, the country] and the entire South Caucasus region, the development of the renewable energy sector and the increase of transit opportunities between the regions”, Davitashvili said".

Thanks for the info Rocky!

Is it comedy week or something? What a joke!!

Https://agenda.ge/en/news/2024/39185

The Ambassador added “various Chinese companies” had plans for “many more investments and objectives” in Georgia.

CNPC buying Block is the investment we want!!