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The warrants and options are worth casting an eye over, they're due to expire in June and I'm sure that the directors will be keen to secure them so news should land before 10th May.
https://www.blockenergy.co.uk/investors/significant-shareholders/
There are warrants and options due in June and the directors need to be 30 days clear before they can take them so were in potentially a very news rich period. The directs from what I understand need to have news out by 10th May 2024.
Morning Avi8r glad to see you're 'on guard' this morning.
I think you mean Basin scale (not sink)which is the area that is away from the drill locations (reservoirs) and from what I understand is about the geology, petrology and metrology of the wider acreage (basin). If the subsurface has similar characteristics to that of the drilled locations (the ones they understand already) they estimate that it will take 8.7 gigatones minimum of carbon but also by opening up the geology with fracturing I presume then the acreage will take more carbon. The 256million tonnes refers to what the project could take now. The 250 day mineralisation is highly attractive also.
So in summary the 256m tonnes are for the reservoirs they have a full understanding of. Considering there are other drills going on across other leased blocks you could determine that the geology is similar so an estimate way upwards of the 256 million tonnes is well worth considering value wise when selling it.
I note hepseal says the huge amount may not be utilised however CCS is an ongoing project hence why it's classed as offsetting over a period of time. Its says it can offset turkey for 20 years.
Meow.
I completely agree Shed however its the same bile about PH and the asset not long ago it was shares for salary..
There have been historical wrongs but this feels completely different now, four projects and a CCS says the management and directors are all over this.
They aren't attacks it's that these people and I include you in that are unable to do any form of research yourselves and come on here coat tailing and knocking the management when it doesn't bag.
Its mind boggling that people invest something that they rubbish and don't research.
Morning Hepseal, thanks for the attack, I didn't take it personally but just laughed instead.
The recent people joining have done very little research and other regulars have knocked this for a longtime, it doesn't matter what the company does it'll be wrong. There has been zero research by these people.
Why knock something you're invested in? I just don't get it but then people that bought in last week are crying because it's only risen by 30 odd percent.
I sense Maladoni you don't like the rise, how can a set of directors that have put to gather a well thought out four project plan with the GOGC farmed in on one of the four projects plus a carbon capture and storage project that can offset Turkeys carbon for 20 years under scrutiny?
I do agree that the shareholders saw the Scottish lot off but that included some institutional investors who are in here at multiples of the share price. They backed the current board.
If you can give us something that requires scrutiny I'd be more than happy to look as im sure would others but for the time being you really are the one being churlish.
I agree Grower wholeheartedly, ive looked at both 88E and also scirocco over the last few days and you have to be happy with the path PH and the wider Block team have taken this.
The company is in a solid position and whether it's a farm out or a sale the company is incredibly well positioned to do great things.
The CCS with the world wanting to be green is actually the jewel in the crown as it is also going to be used to enhance the hydrocarbon extraction.
I agree with BD6, some of you Avi8r, Rock, BO, shed et al for example have been on here and rinsed PH and the company demanding change for a longtime and also being pompous about what we've posted. Now you come on with you questions and demanding we answer.
May I respectfully suggest you wander off and do your own research as many on here have ridden the good times and the bad times but through research have decided that this is a highly viable play.
This looks increasingly promising as an investment case, the CCS on its own is potentially worth billions of dollars in its own right then theres the gas play which is 1.65bn$ net to Block.
Those getting in now who have a little patience should see a decent return on their investment.
The net profit from the CCS runs to multi billions of dollars which if they bring just 50% of it to market dwarfs the multi billion gas play on project 3.
The valuations even when paired back by 50% are just eye watering.
I'm sorry Bigoffer but you're nearly as deluded as Avi8r, if you think we'd have been here three years ago if it hadn't been for PH you need to take a look at the other options. Solo aka scirocco was decimated by those that wanted control here. That is what you voted for but luckily didn't get.
Look at the share price rise this week, this is purely down to PH and the Block team bringing a world class asset to the international oil and gas industry with a massive CCS that is worth billions on its own.
I wouldn't worry Kilgeever, the issue is this board has attracted trolls for quite some time now and LSE have on the whole got rid of most as they were incredibly disruptive. Unfortunately we still have a couple of posters left that attempt to disrupt. Avi8r is one, just take a look at his bi-polar esk posting and his history.
I think her gets a bit tired being 'on guard' constantly and comes on here to correct us all the time.
Anyway the research on Block has been great recently and the share price rise is also very welcome.
Scirocco have put out a RNS this morning, for those that have torn PH apart for his management of Block this is what you would have been looking forward to under the Scottish contingent.
https://www.lse.co.uk/rns/SCIR/proposed-cancellation-of-listing-1rp52r6vofs3dbs.html