Member Info for bunsenburner123

Must just be trading update stuff then if it’s already pre planned. Could be negative if there’s no improvement on the previous set. Defo a weird set up here with large bod buying yet 💩 results

Small-scale European CCS projects with permitting and industrial tie-ins often get valued in the £75–£200m+ range once commercial frameworks are visible — even BEFORE major revenue. If Block can demonstrate scalability and secure long-term offtake for carbon credits or storage contracts, a standalone CCS platform could reasonably justify £100m+ valuation on its own at feasibility stage.

Today the entire company is £11m.

The market is effectively pricing CCS at zero.

If it becomes commercially viable, it wouldn’t just add incremental value — it could exceed the current market cap by multiples, before even factoring in Project III gas.

Can sell a huge amount but buying is massive premiums for volume

Won’t take much when project III farm out lands

CEO now holds over 15%. Hugely aligned

Awaiting details on far out of Project III - 3p - 6p on details. Simply because @ £11m nothing is priced in

Project III is the one the market is massively underpricing.

Block owns 100% of it today — over 1 Tcf of 2C contingent gas resources at Patardzueli-Samgori alone, with Rustavi and Teleti on top, all sitting within trucking distance of the South Caucasus Pipeline.

They’ve now received a non-binding offer from a large energy company to fully carry a $25–30m appraisal and early production programme. That’s serious money for an £11m company.

If even a fraction of that 1 Tcf converts to commercial reserves and flows, you’re no longer talking AIM microcap — you’re talking a company that suddenly has real gas production tied into European infrastructure.

At £11m, the market is basically assuming it never happens.

If it does, the re-rating wouldn’t be subtle.

At £11m, the market is basically pricing Block as if nothing works.

You’ve got a $95m fully carried programme, another $25–30m carry potentially coming, independently assessed prospective resources, and zero near-term dilution risk — and it’s valued like a lifestyle AIM microcap.

If even one of these assets delivers commercial flow, £11m looks absurd. That’s why it’s interesting — it’s not priced for success, it’s priced for failure.

✅ Project III

• $25–30m appraisal carry (if binding)

• 1 Tcf 2C gas resource (NPV10 quoted $501m)

Even 5–10% of that NPV risked is many multiples of £11m.

✅ Project IV

• $95m fully carried work programme

• D&M independently assessed 301.7 MMboe

• Government approval done

Block could end up with ~25% of something meaningful — without spending.

Even if you risk that down heavily, £11m is tiny versus the optionality.

Everything I see and read is so positive yet here we are, huge opportunity

Size of the price here is beyond comprehension vs the current mkt cap

If we were valued at £100m I’d say it’s a fair representation with the added risk of success etc. At £10m the current price is ludicrous

10 year gilts at year lows

SP a joke currently

You

Can sell £50k at bid. Absolutely stacked. Nothing in The background, any news and this could be stratospherically sent

MMs want shares, they just put a trade through at bid which is way off just to scare a few lol

Seen it 100’s of times, watch this fly today

BLOE could be a £250m mkt cap company

Lots of things would have to go right make no mistake but its setup that the downside is minimal to have the potential of a 25 bagger

Everything free carries with the c carbon capture another huge catalyst. Tbf that alone could be worth £250m

Huge stats! Just think, divi covered 1.4x in a bad wind year. In a good year it’s around 2x. If it’s an exceptional year it will be north of 2x covered 🤯

Super exciting. Have a large holding here. Hoping for some selling as want to go all in on one of my accounts. Not quite half way there yet and I’m certainly not about to spike the price so others can sell. I’ll be waiting for sellers before I buy so they lose out

The bottom line is at 1.7x covered and 30% below NAV you have to just wonder - when is the rerating

Not good

Imagine if the divi is covered 2.0x - that’s just over 22% of the market cap covered in cash in one year 🤯

If there’s one oil explorer/producer that has the potential for 250%+ this year IMO there’s non better placed than BLOE

Has all the ingredients. GLA