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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.
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.
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.