Member Info for MgBRG96

There were two sells today at 14:10 and 15:03 for 56214 shares total the buys were for approx 2.4m shares so BO the buys weren't equal to the sells.

Simples

I agree wholeheartedly rLightor its great to see the agitators gone, there has been a huge amount of new and recent interest in Georgia and Block are very well placed to be able to assist the country with its aspirations. The CCS is hugely attractive to run alongside a drilling campaign to bring the 2.77tcf to market.

I agree impart Hepseal, the quarterly reporting has made me think as to why but kicking that down the road does make me wonder if PH is expecting this to be wrapped up and sold in that period but that is just a hunch.

Thats a perfect summary, Those knocking this either haven't bothered to or just understand what Block have done. Just look at the other E&P assets that have billions of shares and way way less to show for this. Theyre binary bets.

Block and its presentations are all approved by somebody so PH has to choose his words very wisely.

Some basic research and even the stupid should be able to see that Block performs differently than the trendy E&P stocks that the herd follow.

If PH pulls this off there really is good money to be made here off the back of our 4 project campaign.

What's laughable nonsense BO is that you've done I imagine no research, I agree there have been historical wrongs and a pandemic, the company have however since the pandemic developed a four project strategy and proved up 2.77TCF of gas.

May I suggest you look at 88e as I really believe that that company is for somebody like yourself.

This all points to why Block has been managed as it has, minimal dilution with only 724m shares in circulation a four project campaign with a huge carbon capture opportunity to offset production.

You have to hand it to PH and the team this really is warming up into something with huge potential.

Https://1tv.ge/lang/en/news/economy-minister-reports-to-parliament/

Georgian Economy Minister and First Vice Prime Minister Levan Davitashvili on Wednesday reported to the Parliament of Georgia in the Minister’s Hour format.

Large-scale energy sector reform is ongoing to maximize the country’s energy potential and ensure energy security.

In the next years, Georgia will build more than 1000 km of power lines and infrastructure.

The gasification project will provide natural gas to around 94% of Georgia’s population once completed.

The development of the digital hub was named as one of the priorities.

The modernization of the Georgian railway, which is expected to be finished in 2024, as well as the Baku-Tbilisi-Kars railway, which would” drastically” shorten freight transportation time between Asia and Europe, were highlighted in the report.

The Tbilisi International Airport project, which will also serve as a transit logistics centre, is one of the government’s major aviation infrastructure projects planned for 2024.

Tourism investments continue to expand. In 2023, 7.1 million overseas travellers visited the country, a 75.6% increase from 2019.

Https://commersant.ge/news/economic/samkhret-kavkasiuri-milsadenit-gazis-tranziti-sashualod-25-it-gaizarda-levan-davitashvili

According to the First Vice Prime Minister, the Minister of Economy and Sustainable Development, the competitiveness of the "Middle Corridor" and the amount of cargo transported by international transportation by the transport sectors have increased significantly in recent years, the average growth of which has been equal to 11% in the last three years. He spoke during his speech in the "Minister's Hour" format.

"It is important that the transit role of Georgia in the energy direction has been strengthened, and over the last three years the transit of natural gas as a whole has increased by an average of 22%, and the transit of gas through the South Caucasus pipeline has increased by an average of 25%, in total it has increased by 92% compared to 2020". - noted Levan Davitashvili.

According to the Minister of Economy, electricity generation, transit and export reached a record volume. The average annual growth of electricity generation in the last three years equaled 9% (in total, compared to 2020, generation increased by 29%). At the same time, the share of imports in consumption decreased significantly, and in 2023, in quantitative terms, exports exceeded imports by almost 2 times.

According to the First Vice Prime Minister, in order to increase the competitiveness of the transit corridor, his agency will continue its work in the direction of integration into international transport systems and deepening of regional cooperation.

"Together with the partner countries, it is planned to work in the direction of digitalization of the transit corridor passing through Georgia - through the formation of a digital logistics platform in the transit corridor, which will increase the efficiency of freight transportation in the country and ensure its sustainability", - said the Minister of Economy.

Https://commersant.ge/news/economic/tslis-bolomde-12-hesis-mshenebloba-dasruldeba-levan-davitashvili

Energy is one of the most important sectors of our economy, the proper functioning and further growth/development of other economic sectors largely depends on its smooth operation," - Minister of Economy and Sustainable Development Levan Davitashvili spoke about this in the "Minister's Hour" format in the Parliament. An exchange that ensures the implementation of competitive and open market principles in the energy market.

"Energy is one of the most important sectors of our economy, the proper functioning and further growth/development of other economic sectors largely depends on its smooth operation. In order to properly and optimally utilize the great energy potential of our country and to strengthen energy security, we are continuing the large-scale reform of the energy sector. For this purpose, the activities of energy transmission and distribution will be separated from the activities of energy generation, trade and supply. In addition, the Georgian Energy Exchange will be launched, which will ensure the implementation of competitive and open market principles in the energy market. Large consumers will be gradually withdrawn from the market, depending on the size and voltage of their consumption.

At the same time, the respective regulated stations will be gradually deregulated according to their capacities. As part of the new renewable energy support scheme, the second capacity auction for 800 MW of capacity was completed in February 2024. According to the regulations and rules on the power auction, at this stage, the applications received in the auction are being reviewed," said Levan Davitashvili.

Davitashvili also said. that the construction of 12 HPPs will be completed by the end of the year, the total installed capacity of which will be 157 MW.

"The current renewable energy projects will be continued. Also, in 2024, the construction of 12 additional hydroelectric power plants will be completed, with a total installed capacity of 157 MW. It is planned to attract private investments/investors in the 350-430 MW combined cycle thermal power plant project in Gardabani municipality, and all subsequent relevant measures (design, construction, operation) In order to provide security. In order to strengthen the transmission network, more than 1000 km of power lines will be built in Georgia in the coming years, including the strengthening and strengthening of the connecting lines with neighboring countries. The Black Sea submarine power cable project is in an active phase. Work is currently underway on the technical aspects of the project - on the economic justification, which will be completed by July 2024. At the same time, JSC "Georgian State Electric System" is working on the procurement of services for the environmental and social impact report required for the project, as well as the geotechnical and geophysical studies of the seab

This is hilarious, for people not invested to be here constantly and putting the huge effort in they are with Block this must be of huge worry to them.

This in itself is a huge buy signal.

I think they were from Thursday, before we had the rise, ie delayed.

Whatever they are they aren't insignificant amounts.

The risk reward is huge, the share for salary, the lack of dilution the four very carefully planned projects are where this is at.

This has been incredibly well managed for some time.

Looks like the weekend frenzy has been removed thankfully.

Agree Grower she's doing an amazing job for us, happy for this to dip slightly so that I can next years ISA sorted.

Thanks Sara

Morning Hepseal,

Agreed PH was out with Antler in Equatorial Guinea but just because of that why couldn't he have been in China in January,? I think in December and January PH was very very well travelled and was indeed in Beijing at some point in January.

It would be very interesting to know where PH visited in January as I think CNPC have been looking at Block far longer than we know, West Gulf are a front for CNPC which are on Block V.

The farm out process was started in early December and the data room as I'm mobile opened January with PH indicating that the process had a 3-6 month timeline. There will have been multiple interested parties but some will fall away, I expect there will eventually be 3 maybe four interested parties who with then be chosen based on their proposals so we could be entering fairly information rich period unless of course one entity decides they want the lot which is also a very viable alternative.

Morning Hepseal,

That is how I read it but wether it is or not the value will be the same but as part of the farm in offers huge incentives for those operating the Poject. Theres very little globally thats like it.

So Sarah was one of the 17p fools, thanks chest that explains everything. This was never a buy at 17pence back then but with what it has now its worth that all day long on farm in news.