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Further reading if anybody is interested, reading Blocks article and comparing them to others shows the quality of the management team at Block. If people aren't taking as a serious part of the farm out theyre beyond help.

Blocks CCS is of massive significance to the Farm in. $60 dollars a ton? The figures are eye watering.

https://www.blockenergy.co.uk/projects/carbon-capture-and-storage-opportunity/

https://www.aramco.com/en/what-we-do/energy-innovation/advancing-energy-solutions/carbon-capture-utilization-and-storage?utm_source=&utm_medium=&utm_campaign=&utm_term=&utm_content=&gad_source=1&gclid=EAIaIQobChMI_9CFld-_hQMVuZRQBh1r4wWHEAAYASAAEgLe1vD_BwE

https://www.shell.com/business-customers/catalysts-technologies/licensed-technologies/emissions-standards/tail-gas-treatment-unit/cansolv-co2.html?utm_term=carbon%20capture%20systems&utm_campaign=Carbon+Capture+Storage&utm_source=adwords&utm_medium=ppc&hsa_acc=2377408393&hsa_cam=19307585722&hsa_grp=143244881486&hsa_ad=641920583212&hsa_src=g&hsa_tgt=kwd-1200854581414&hsa_kw=carbon%20capture%20systems&hsa_mt=p&hsa_net=adwords&hsa_ver=3&gad_source=1

https://www.opc.co.uk/projects/gardabani-rustavi-carbon-capture-and-storage/

How much is the carbon capture industry worth?

The Global Carbon Capture, Utilization, and Storage Market Size was Valued at USD 2.98 Billion in 2023 and the Worldwide Carbon Capture, Utilization, and Storage Market Size is Expected to Reach USD 25.3 Billion by 2033, according to a research report published by Spherical Insights & Consulting.

Petra Nova is one of the most successful carbon capture projects globally, located in Texas, USA. The project was launched in 2017 and is a collaboration between NRG Energy and JX Nippon Oil & Gas Exploration.

The facility captures CO2 emissions from the W. A. Parish power plant by using a chemical solvent to separate the CO2 from flue gas. The CO2 is then transported via pipeline for storage in an underground oil reservoir.

The Petra Nova project can capture around 90% of the CO2 emissions produced by the power plant, equivalent to 1.6 million tons of CO2 per year, which is then used for enhanced oil recovery (EOR).

The Gorgon Project is a large-scale carbon capture project based in Western Australia. The project captures CO2 from natural gas production and stores it in underground reservoirs. The project is significant because it demonstrates that carbon capture technology can work on a large scale and in remote locations.

So to Block Energy, the development and production company focused on Georgia, has announced a study identifying a Carbon Capture and Storage ('CCS') opportunity within the Company's Block XIB with the potential to support a major net-zero CO2 industrial hub.

The Middle Eocene volcaniclastics facilitate the movement and efficient containment of injected CO2 and sections are abundant with Zeolites, highly reactive minerals, enriched with substantial calcium, that enhance the potential for successful and sustainable CCS by Mineralisation.

Commissioned in the course of the Company's Project III development planning, was undertaken by Oilfield Production Consultant ('OPC'), a consultancy recognised internationally for its expertise and experience in this field.

How much is captured CO2 worth?

"It can either be injected and stored in underground geological formations, or used in enhanced oil recovery (EOR), where it’s pumped into oil reserves to squeeze more oil out. “You get 85 dollars a ton if you put it in a geologic formation and 60 dollars a ton if you use it for enhanced oil recovery.”

https://climate.mit.edu/ask-mit/how-much-captured-co2-worth#:~:text=It%20can%20either%20be%20injected,it%20for%20enhanced%20oil%20recovery.”

After reading the above just how much is a junior E&P oil and gas company worth with a 8.7 tonne Carbon Capture system on its oil and gas fields?

Oh dear Bedex but go on I'll have a nibble and reply to the wider board, Bedex is a person that isn't invested here and lost his shirt on Frontera,DNL,TIDE and PHI yet has had a change of fortune and is now in his own words 'doing very well with a decent portfolio of investments thank you' Bedex has also moved on from Frontera but is still posting on that stock thanking those that are working relentlessly to bring it back. He hasn't posted on much else either but his share picks are TIDE,DNL and PHI if posters would like to know so it's worth looking at what Bedex has been punting and where those stocks are now before taking his advice on Block, thats more proof he's lost more than his shirt.

So Block.... fours projects and a CCS, one is the oil play which is providing the income, another project has the GOGC on it as a JV partner and another project IV has independently reported 2.77TCF of gas and this project is also now up for a farm out which is about three months into the process but may have started in December.

So lets look at PH, took but got slated for it shares instead of Salary during covid amounting to 40% of his salary, other directors did the same. If this was a rinse out job you'd take the cash not shares in a company your building. Folk will say these shares were free, they were in lieu of salary, also if this failed the shares create a material loss, it's in their interests to get the share price up.

PH got for a pittance Schlumberger's Rustaveli Company Limited which contained production data from over 150 odd wells, 3D-seismics and well logs. This increased Blocks acreage 30 fold.

Then there's the Carbon capture Storage facility that can take an estimated 8.7 gigatonnes of carbon, thats the equivalent to offsetting emissions from Turkey for 20 years. Tell me another junior oiler that has thought of something like thats let alone has one.

Block has 724million shares in issue, look at other oilers, they run to the billions hence why they struggle to get value for shareholders, then look at Bedews beloved FRR, 18 BILLION shares in issue with a raise whilst suspended.

So there we have potted history of Bedex but most importantly Block its done from research not bitterness from losing on FRR,Tide,PHI or DNL a,nd making false statements about PH and the company, and lastly if you still want convincing look at Bedexs posting history rafts of posts on Block and Frontera but nothing on the portfolio transforming stock that he's 'doing very well on'.

So in conclusion research is key here, Block have been operating in Georgia since 2017, other oilers have gone through the same process and timeframe and had a similar ride before they transformed themselves.

Now is the time.

Youre spouting utter rubbish and its so bad that even Sarah put you to shame, you're either overextended here or aren't an investor.

Your comments are incorrect and utterly shameful imo.

I think most of us are positive on this, the company is in a transformational position.

Theres some serious multi bagger opportunities here for those in at these prices, plus the timeframe from IPO is about right for when a company transforms itself.

I really can't believe that this is being discussed again, Ph had delivered a four project campaign plus a CCS.

BO,Bedex and the others just have zero idea what has been developed here and are crying in their chips over FRR.

The company presentations and RNS plus a wider look at what CCS etc is all about should show that this is all to play for.

News is slow, the infrastructure to produce Jet A1 isn't as far as I'm aware in place, Georgia petroleum is responsible for its import. It would be interesting if the refinery did start to produce its own in quantity, I'm not sure if you're aware Avi8r but Georgia isn't a backward redneck country there are several airlines that operate in and out of country daily with may connections in and around Europe.

Can you tell us Avi8r why you think it'll be May at the earliest? if I remember correctly you have always had a downer on PH and did spend considerable time knocking him so I do wonder if thats the case why you're hanging on so long.

Thats having a significant pull on the share price unfortunately.

The process was kicked off in early December but officially announced in January wit PH saying the farm out would be a 3 to 6 month process.

the numbers grower are insane i agree, i do wonder how long this has been planned for as the recent management of the company has been nothing less than excellent.

to have a four project plus futuristic ccs system junior e&p with the government stating the gas in place is of strategic importance not only to the country but the region with only 724m shares in issue just doesn't happen .

shareholders are usually diluted to death however this seems to be following a very well planned path that leads to what you describe.

theres been some serious ****ging off of ph but from where im looking he's playing this incredibly well.

i see this as a mulitbag

Surely Rock thats an opinion and like Grower you've given us your opinion. Research shows that this does have the potential to have a huge run.

CCS, 4 projects and a low number of shares in issue has this valued at more that 15-20 pence imo. But thats just my optimistic opinion.

Anyway time will tell.

I don't think your being overly rampy, you've clearly researched like many of us have and I'd say you're pretty close with the numbers.

I'm hoping it gos the way you describe.

Grower they're very valid points that you make and potential investors should remember that we are actually producing oil and gas at the moment.

This issue is that people seem to really want to go and invest in 88e with billions in shares and very little to show for it.

This has been incredibly well managed for a considerable amount of time and has been grown organically with minimal dilution for years. The schlumberger and the CCS project should be very attractive to several industry leading companies.

All to play for and the info is in the RNSs, it just needs piecing together.

I'd agree with you Rocklawn, the CCS IMO points to certain entities being courted for some time.

I do feel that due to the asset size especially now they have proved up 2.77TCF it is of great interest to a major, the CCS fits many majors future strategies.

PH also said that we were cash positive, what needs to be remembered is that this is a small team that is working incredibly hard on a four project plan to deliver for the company itches minimal debt and had so far minimal dilution. Look at the stella deal they pulled off in taking over the Schlumberger acreage it was at fire sale price on Schlumbergers side and that in itself was huge win.

This has to be one of the best run E&P companies out there at the moment, if people can't see it they are IMO either blind or cannot read an RNS and translate that into reasoned thought.

Cont'd

ing. By 2030, it is quite realistic that the country will have direct connectivity to the largest European market and not only to the immediate neighborhood, the country will be able to export local electricity between them. However, we understand that a number of industries will consume more electricity in the future, the energy structure is changing, and the structure of consumption itself is changing. We understand that we are living in the era of digital development, and this means that more digital data requires more electricity consumption," said Levan Davitashvili.

With the initiative of Levan Davitashvili, regular meetings will be held with the sector in order to discuss current issues of the energy sector and effectively manage the processes. This format periodically consists of dialogue and discussion on both current and strategic issues.”

https://www.economy.ge/index.php?page=news&nw=2489

“First Vice Prime Minister, Minister of Economy and Sustainable Development Levan Davitashvili held a meeting with the private energy sector. Representatives of public agencies and private businesses working in the energy sector, profiled non-governmental organizations and the banking sector participated in the event organized in cooperation with the Ministry of Economy and Sustainable Development and the Business Association.

In his speech, Levan Davitashvili emphasized the vision and policy of the development of the energy sector in Georgia and the importance of cooperation with the private sector in this process. He informed the present public about the current picture in the sector, the dynamics of development, the ongoing process of reforms and important projects, and also talked about the mechanisms supporting the development of the sector.

"Dialogue with the private sector is very important for us. It is important that we constantly hear from you those opinions that may be relevant in terms of the development of the energy sector. In recent years, the priority of energy in the country has increased and we can see that already last year and this year more than one hundred megawatts of new installed capacity is added to our energy system. In order to ensure rapid economic growth, we need even more local generation, so we need to encourage the energy sector even more," said the First Vice Prime Minister.

According to the assessment of the Minister of Economy and Sustainable Development, the energy sector, more local generation plays a critically important role in the process of high economic growth in Georgia in recent years. Levan Davitashvili emphasizes that energy consumption in the country increases in proportion to economic growth, and this should be followed by the addition of generation facilities and the general increase in generation in the country.

"So our projections are that we're going to need up to 20 billion kilowatt-hours of energy by about 2030, which means we're going to have to add significant capacity in terms of generation." Considering its own resources, Georgia has resources in the energy direction from renewable sources. I think that it is adequate to the world trends - to get energy resources from green renewable sources. This is also very important in the process of our European integration," said the Minister of Economy and Sustainable Development.

In addition, according to the First Vice Prime Minister, parallel to the generation development, the network should be strengthened, which means not only the strengthening of the internal transmission infrastructure of the country, but also the development of the cross-border transmission infrastructure. According to him, direct connectivity with Europe is also an important priority. In this regard, the minister focused on the Black Sea submarine cable project.

"The Black Sea High Power Cable Project is a reality, a plan that we are steadily foll

As the days tick by we get closer to PH pulling this out of the bag, this has been expertly managed for quite some time now and hopefully Block will reveal the excellent job the team has done.

The CCS is the icing on the cake for the development of the gas field,

Mrnaddy

I agree, there is so many articles out there discussing Georgian energy an the Chinese that I also believe that a sale will be the way this goes, why would you want Block snapping around your heels when you can take it lock stock and barrel and walk off and do your own thing.

I also don't think that this is that far away.